Risk Management

by John Taylor
access120 days access
cpd hours4 CPD hours
price£75+vat

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

Making improvements

  • Risk profiling
  • Individuals within the organisation
  • The influence of external factors
  • The nature of the industry
  • Organisation-wide approaches
  • Preparing for the unexpected

John is a Chartered Accountant who spent many years advising small and medium-sized businesses across the North of England. He specialised in dealing with the particular problems faced by large family-owned companies. John joined Bradford College where he taught a wide range of students from diverse backgrounds and with varying levels of ability. John later joined Leeds Met University where he specialised in teaching auditing on ACCA professional courses and Forensic Accounting at Masters level. He is now a freelance author and lecturer.

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Verifiable CPD
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  1. Was the learning activity relevant to your career?
  2. Can you explain how you will apply the learning in the workplace?

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