Strategic Risk Analysis

Introduction

An organization always faces various risks. It is essential for financial professionals and managers to have the skills to identify, evaluate and manage various risks that could adversely affect the organization. This course provides the students with the competences required to identify, analyze, evaluate and manage risks as well as developing techniques, processes and internal control systems to manage the risks associated with both operations, cash flows and capital investment decisions.

Course content

The course content is composed of selected parts from the CIMA (Chartered Institute of Management Accountants) professional qualification syllabi. The first part of the course follows the P3 module on risk management with a focus on how governance and assurance relate to risk management. The second part follows the F3 module on financial strategy with a focus on different tools to manage various financial risks such as currency risk and interest rate risk.

Topics covered include:

• Risk, and risk management
• Strategies and corporate objectives
• The role of risk management in a corporate governance perspective
• The process of risk management – identification, assessment of risk
• Considering internal control and judging control risk
• Implications of risk on financial reporting
• Risk reporting
• Strategic financial and non-financial objectives
• Identifying the exposure to financial risks
• Tools to mitigate finanancial risks