Fundamentals of Risk Management for Accountants and Managers

by Collier,Paul M.

• ISBN13: 9780750686501
• ISBN10: 0750686502
• Format: Nonspecific Binding
• Copyright: 2009-05-08
• Publisher: Routledge

Summary

In today's economic climate, no manager or board of directors can afford to ignore the importance of risk management to their business. This vital guide to the risks so many businesses face explains how to identify and manage risk, showing practitioners and students the financial and non-financial risk management skills they need to safeguard their organization. Practical and applied, it includes bite-sized case studies from a range of industries and:

Author Biography

Paul M Collier is a Senior Lecturer in Management Accounting, Professor of Accounting and Deputy Head of the Department of Accounting and Finance, Monash University in Melbourne, Australia. He is also a CIMA examiner who has many years experience in financial and general management roles in the business and public sector in both the UK and the US.

Table of Contents

Introduction	p. ix
About the Author	p. xiii
Introducing Risk Management	p. 1
The Emergence of Risk	p. 3
Risk in the Corporate Governance Agenda	p. 15
Risk and Governance in the Public and Third Sectors	p. 31
The Structure of Enterprise Risk Management	p. 43
Towards Enterprise Risk Management	p. 45
Risk Categorisation	p. 59
Strategy, Culture and Risk Appetite	p. 67
Identifying, Assessing and Estimating Risk	p. 79
Risk Evaluation, Treatment and Reporting	p. 89
Internal Control and the Manager's Role in Enterprise Risk Management	p. 99
Risk Applications in Organisations	p. 113
Risk and Financial Reporting	p. 115
Risk and Financial Decision-Making	p. 131
The Management of Financial Risk	p. 143
Risk and Information Systems	p. 155
Risk Management for Health and Safety	p. 167
Credit Risk Management	p. 177
Strategy and Business Risk	p. 183
Project Risk and Contract Risk	p. 195
Fraud and Theft Risk	p. 203
Risk, Regulation and the Environment	p. 215
Risk and Business Continuity Management	p. 223
Risk and Insurance	p. 229
Risk in Banking and Operational Risk	p. 235
Evaluating Risk Management	p. 243
The Audit Committee, Enterprise Risk Management and Internal Control	p. 245
Enterprise Risk Management and the Audit Function	p. 261
The Future of Enterprise Risk Management	p. 269
Index	p. 277
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