Risk Management
This query is : Resolved
sarojjanoti
(Querist)
18 August 2008
Hi Friends
What is Risk Management ? What is the Role of Accountant/finance head in Risk Management ?
What is Risk Management ? What is the Role of Accountant/finance head in Risk Management ?
S.Srinivasaraghavan
(Expert)
18 August 2008
Risks are perils a business may encounter, contingent upon happening of an event.
Management of risk is nothing but identifying those risks and to the extent possible avoid it, prevent it or mitigate it, by ensuring suitable control measures.
Management of risk is nothing but identifying those risks and to the extent possible avoid it, prevent it or mitigate it, by ensuring suitable control measures.
sarojjanoti
(Querist)
19 August 2008
Thanks. Can u give me an example of financial risk which is usually faced by the company.
S.Srinivasaraghavan
(Expert)
14 October 2008
Example of a financial risk: Supposing you are exporting a product to US in terms of dollars. The risk you may have is appreciation of INR against USD inwhich case you will realise less INR against the invoice than you originally assumed.
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