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In earlier articles,I mentioned about Finance’s role as a business partner to other operating managers in terms of performing financial reviews of your competitors. In this article, we’ll review to what degree your Company fares in terms of Competitive Intelligence. The following questions are set to test: Risk identification Risk monitoring Management actions When risk management is concerned,we tend to look at insurance,physical security,and etc. as the major component of risk. However,it seems that the Economist Intelligence Unit’s (EIU) latest survey revealed the following: “ human capital risks such as skills shortage,succession issues and the loss of key personnel were seen by [...] There are many ways of assessing business risks. Append below is one sample of a formal way of assessing business risk based on the value and weighing and adding together to get the results. The greater the rating,the higher the overall risk of that activity. (Source:CIMA’s guideline on Internal Control) INHERENT RISK Factor Values [...] Market Risk: 1. In December 1994,Orange County’s Treasurer,Bob Citron,who was entrusted with a USD7.5 billion investment pool,invested a significant amount of money in derivative securities namely “structured notes” and inverse floaters” When interest rates rose,the rates on these derivatives securities declined along with the [...] Before we delve further into Risk management,we need to understand why we should be concern with it. The benefits managing Risk or Risk management are: Once we have established a sound risk management culture into the organisation’s business framework,it promote productivity in the sense that senior management and line managers can [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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