This course will enable you to:
- Evaluate risk and understand all elements of risk management
- Categorise risk and create a process to systemise risk management
- Establish the difference between quantitative and qualitative risk assessments
- Integrate risk monitoring into your organisation
- Profile risk and identify organisation-wide approaches to risk management
All organisations face risks, but they aren't all the same. Some can deliver benefits, but others can have damaging impacts. Risks can occur anywhere in your organisation and, as accountants, we play a key role in managing risk and protecting our organisations against the consequences.
This course provides an overview of effective risk management. It will enable you to categorise and evaluate risk to maximise opportunities and limit disasters as well as carry out quantitative and qualitative risk assessments. Discover what it takes to integrate risk monitoring and organisation-wide approaches to risk management in your organisation.
Understanding risk management
- Creating a holistic approach
- Corporate governance and risk management
- Corporate strategy and risk
- Risk analysis
- The spectrum of risk
- Risk assessment
- Managing risk and change
Systemising risk management
- Risks faced by business
- Pure risks
- External risks where some control is possible
- Internal risks
- Identifying the risks
- Flawed decision-making
- Biased thinking
Processes and procedures
- Approaches to decision-making
- Quantifying risk
- Qualitative risk assessment
- Mapping risks
- Determining the probability of a risk
- Vulnerable business areas
- Responding to assessed risk
- Integrated risk monitoring
- Risk profiling
- Individuals within the organisation
- The influence of external factors
- The nature of the industry
- Organisation-wide approaches
- Preparing for the unexpected
ACCA partner with accountingcpd.net to provide high quality CPD for members. As an ACCA member, you are required to complete at least 40 relevant units of CPD each year, where one unit is equal to one hour. 21 units must be verifiable; the other 19 can be non-verifiable.
Your accountingcpd.net course counts as verifiable CPD, if you can answer "yes" to these questions:
- Was the learning activity relevant to your career?
- Can you explain how you will apply the learning in the workplace?
You select courses that meet these criteria, and as you complete each course you get a CPD certificate so you can provide ACCA with the evidence that you undertook the learning activity.