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Identify and briefly discuss five major factors that complicate financial management in multinational firms. Also share any personal experiences or thoughts relating to international financial management.

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raphealnwobi

The five major factors that complicate financial management are:

  1. Difference in currency
  2. Different language and culture
  3. Government laws
  4. Political risk
  5. Different economic and legal systems

Financial Management

Financial Management is the application of general principles of management to the day to day business transactions of an organization.

The five major factors that complicate financial management are:

  1. Difference in currency between the countries that the firms have business at.
  2. Different language and culture: Every country have their own unique culture and language.
  3. Government laws
  4. Political risk
  5. Different economic and legal systems

Find out more on Financial Management at: https://brainly.com/question/989344

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