The
Syllabus outlines the content of the paper and
how that content is examined.
Risk
management has gained prominence in recent years
as one of key managerial disciplines.
AIM
This paper develops knowledge and understanding
of the main theories and frameworks of risk
management. It enables managers to identify
and manage risk in their organisations. After
considering how a company can manage all aspects
of risk through a corporate governance framework
the paper then focuses on the particular area
of financial risk . It looks in detail at the
techniques and models available to measure and
control all aspects of financial risk within
an organisation.
CONTENT
General Risk
Management
-
Risk policy
-
Risk audits and risk mapping
-
Reporting of risk management
Corporate
Governance
-
Theoretical perspectives of corporate governance
-
Corporate governance frameworks, codes and
systems
-
Role of the executive in corporate governance
-
Internal control: Internal audit, audit
committees and organisational control
-
Implementation of corporate governance
-
Reporting of corporate governance
Management
of Financial Risk
-
Risk measurement
-
Types of financial risk: gearing, interest
rate risk, foreign exchange rate risk, credit
risk, cash flow
-
Debt versus equity
-
The optimal capital structure
-
Dividend policy
-
Hedging techniques
-
Use of derivatives
-
Insurance
For
detailed syllabus on
paper 1 click
here and for study guide
click here. |
