Risk Accounting and Risk Management for Accountants

Protect your business - learn how to successfully design, implement and use risk control measures Risk is often defined as the chance of injury, damage or loss - in finance, risk is usually, though not always, related to the volatility of the future value of a position due to changes in creditworthiness, market behaviour or, more generally, uncertain events, unexpected happenings and other outliers. Accountants and auditors are confronted with challenges associated with the evaluation of risk on a daily basis. This book gives you practical information on the most significant developments in risk management policies and practices based on extensive research in the United States, England, Germany, France, Italy, Switzerland and Sweden. Specifically aimed at accountants, this book begins with the fundamental factors underpinning risk: volatility and uncertainty, before explaining how and why accounting, auditing and risk correlate. This book is practical in orientation and includes many case studies to guide your hand in the new realm of accounting functions. Themes covered in this wide ranging book include: Credit risk Market risk Liquidity risk Investment risk Event riskChorafas, Dimitris N. is the author of 'Risk Accounting and Risk Management for Accountants', published 2007 under ISBN 9780750684224 and ISBN 0750684224.