Question

Difference between multinational cash management and domestic cash management

Answer 1

Answer:

Domestic financial management - For the small business owner, managing the money means monitoring the company's financial statements: the profit-and-loss statement and the balance sheet. The owner keeps up with sales, costs of production, operating expenses and profits. From the balance sheet, he manages the cash, liquidity, fixed assets, debts and capital.

Multinational financial management - Managing the finances of a multinational corporation takes all the management tasks of a domestic company and makes them more complex. The principles are the same, but a finance manager has other issues to consider.