Financial wellbeing and Income statement exposure: Difference between pages

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imported>Doug Williamson
(Create page. Sources: CABA https://www.caba.org.uk/help-and-guides/information/what-financial-wellbeing, FCA https://www.fca.org.uk/publication/research/fawg-financial-well-being-workplace.pdf)
 
imported>Administrator
(CSV import)
 
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''Diversity and inclusion.''
1.
 
''Foreign exchange risk''.
Financial wellbeing is about individuals' sense of financial security, and feeling as though they have enough money to meet their personal and family needs.
Arises as a result of the process of translating income statement items denominated in foreign currency into group income statements denominated in the parent currency.
 
This is a form of foreign exchange Translation exposure.
It includes being in control of day-to-day personal finances and having the financial freedom to make choices.
 
 
Poor financial wellbeing can affect physical, mental and social wellbeing, which can result in poorer job performance, short-term decision-making, a reduced ability to concentrate, absenteeism and lower productivity.


2.
More generally, the risk of adverse effects in the income statement arising from foreign exchange risk or from other sources.


== See also ==
== See also ==
* [[Ethics]]
* [[Balance sheet exposure]]
* [[Inclusion]]
* [[Group accounts]]
* [[Governance]]
* [[Income statement]]
* [[Neurodiversity]]
* [[Translation exposure]]
* [[UK Equality Act 2010]]


[[Category:Commercial_drive_and_organisation]]
[[Category:Influencing]]
[[Category:Self_management_and_accountability]]
[[Category:Working_effectively_with_others]]
[[Category:Planning_and_projects]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

Revision as of 14:19, 23 October 2012

1. Foreign exchange risk. Arises as a result of the process of translating income statement items denominated in foreign currency into group income statements denominated in the parent currency. This is a form of foreign exchange Translation exposure.

2. More generally, the risk of adverse effects in the income statement arising from foreign exchange risk or from other sources.

See also


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