Running head: INTERNATIONAL ACCOUNTINGInternational accountingName of the studentName of the InstitutionName of the Lecturer1INTERNATIONAL ACCOUNTING2GlaxoSmithKline PLCIntroductionThe GlaxoSmithKline PLC is the most significant pharmaceutical company in the UnitedKingdom. As a multinational company operating in the highly generic sector, GlaxoSmithKlineis exposed to risk from different origins and calibrating this risk is "essential" for any companyintegrated into the connected world of the globalized economy. In this context, it examines thecurrent company financial trend, risks in the exchange rate and political risks, the hedgingtechniques used by the Company and any updating and improvement of these mechanisms inresponse to the consequences of the United Kingdom membership and the referendum of theEuropean Union. With 90% of sales abroad (with the United States as the leading market) ofGlaxoSmithKline members of the poll - relations assume the attitude of a spectator was the mostprominent winner in the UK and Gibraltar to the referendum against the European Union thisresult and try to examine the consequences of the US market. In particular, we focus on theunprecedented devaluation of the pound against the dollar, discuss the impact of the decelerationon investment expectations and suggest different ways that GSK should take about the USmarket.Company overviewGlaxoSmithKline (GSK) is a giant in the pharmaceutical and biotechnology industrie ...
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