Course description

Strategic Risk Analysis

Introduction

The implementation of an organisation strategy always faces different risks. Therefore, it is essential for financial professionals to have the skills to identify, evaluate and manage various risks that could adversely affect the implementation of the organisation’s strategy. This course provides the students with the competences required to identify, analyse, 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. This course follows closely the syllabus of the Risk Management P3 module of the CIMA professional qualification.

Course content

Topics covered include:

  • Understanding strategies and corporate objectives
  • The role of risk management in a corporate governance perspective
  • Understanding business, industry, etc with consequence for risk management
  • The process of risk management – identification, assessment of risk
  • Considering internal control and judging control risk
  • Considering the risk of fraud, consequences for reporting
  • Risk analysis of important transactions cycles
  • Sampling, test methods, including the use of statistical methods
  • Risk reporting
  • Quality requirements of risk management - generally accepted risk standards

Learning outcome knowledge

After finishing this course, the student should have knowledge about:

  • Differing types of risk that organizations face as well as possible responses to these risks.
  • Tools and processes required for strategy implementation.
  • Corporate governance and its associated risks.
  • The internal auditing process.
  • Financial risks that organizations face.
  • Alternative risk management tools.
  • Risks and conflicts arising from capital investment decisions.

Exam organisation

  • Presentation and discussion: 30%
  • Written exam: 70%