Risk Accounting and Risk Management for Accountants - Softcover

Chorafas, Dimitris N.

Softcover

ISBN 10: 0750684224 ISBN 13: 9780750684224

Publisher: CIMA Publishing, 2007

Synopsis

Both Accountants and Auditors are confronted daily with challenges associated with the evaluation of credit risk, market risk, and other exposures. The book provides up-to-date information on the most significant developments in risk management policies and practices. Accountants whose work under International Financial Reporting Standards increasingly involves risk control in their job will find this book of practical value with the inclusion of material on "how to" successfully design, implementation and use risk control measures. Designed specifically for accountants the book starts with the fundamental factors underpinning risk: volatility and uncertainty, and then shows how and why accounting, auditing, and risk control correlate. The themes covered in the book include: credit risk, market risk, liquidity risk, investment risk, and event risk.

About this title

About the Author

Since 1961, Dr Dimitris N. Chorafas has advised financial institutions and industrial corporations in strategic planning, risk management, computers and communications systems, and internal controls. A graduate of the University of California, Los Angeles, the University of Paris, and the Technical University of Athens, Dr Chorafas has been a Fulbright scholar. Financial institutions which have sought his assistance include the Union Bank of Switzerland, Bank Vontobel, CEDEL, the Bank of Scotland, Credit Agricole, Österreichische Länderbank (Bank Austria), First Austrian Bank, Commerzbank, Dresdner Bank, Mid-Med Bank, Demir Bank, Banca Nazionale dell'Agricoltura, Istituto Bancario Italiano, Credito Commerciale and Banca Provinciale Lombarda. Among multinational corporations Dr Chorafas has worked as consultant to top management, are: General Electric-Bull, Univac, Honeywell, Digital Equipment Corp, Olivetti, Nestlé, Omega, Italcementi, Italmobiliare, AEG-Telefunken, Olympia, Osram, Antar, Pechiney, the American Management Association and host of other client firms in Europe and the United States. Dr Chorafas has served on the faculty of the Catholic University of America and as visiting professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology. Also, the University of Alberta, Ecole d'Etudes Industrielles de l'Université de Genève, and Technical University of Karlsruhe. More than 6,000 banking, industrial and government executives have participated in his seminars in the United States, England, Germany, other European countries, Asia and Latin America.

From the Back Cover

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 risk

Edition details

• Publisher: CIMA Publishing
• Publication date: 2007
• Language: English
• ISBN 10: 0750684224
• ISBN 13: 9780750684224
• Binding: Paperback
• Number of pages: 306