Strategic Management Financial & Political Risk David Warnock-Smith Strategic Management Programme • • • • Introduction to “risk” and “risk management” Sources of risk Risk classification Overview and management of: – Financial risk – Political risk – (Business / operational risk) Strategic Management Risk - Definition “The fact that the results of any action are not certain‚ but may take more than one value. Risk is usually used to describe the form of uncertainty where‚ while
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[7] The moon being closer to the earth when full‚ so [8] its gravitational pull is stronger. I knew that it took about eight hours for the tides to change from high to low‚ sixteen hours for a complete cycle of tides. (9) I didn’t have to wait to learn these things in school. In our house they were everyday knowledge. [1] Often‚ my [10] brother and I‚ joined our mother on her adventures into tidal lands. [2] At the very low tides of the full moon‚ when
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Computer Risks and Exposures Computers of all kinds within an organisation are constantly faced with a variety of risks and exposures. It is helpful if we first define these terms: • Computer risk Probability that an undesirable event could turn into a loss • Computer exposure Results from a threat from an undesirable event that has the potential to become a risk • Vulnerability A flaw or weakness in the system that can turn into a threat or a risk The total impact of computer risks range from
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The Water Cycle * Name three important needs of water. a. Almost all of the body’s living cells need and depend on water to perform their functions. b. Water carries nutritive elements to the cells and carries away waste materials and salts to the kidneys. c. Water serves as an important constituent of lubricants. * How is water distributed through the biosphere About 97 percent of all water is in the oceans. Three percent of all Earth’s water that is freshwater. The majority‚ about 69
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would be violated if a. disclosure in the statements of pledged receivables was inadequate b. unbilled shipments occurred during the period c. fictitious sales transactions were included in accounts receivable d. the allowance for doubtful accounts was understated 2) The rights and obligations assertion applies to: A: Transactions on accounts 3) Which of the following assertions is NOT made by management in placing an item in the financial statements? a. Presentation and disclosure
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The carbon cycle shows how carbon is recycled -Carbon dioxide is taken in by plants in order to carry out photosynthesis and make food. -The carbon from the carbon dioxide is used to make carbohydrates‚ fats and proteins that make up the plant body. For example the cell wall of plants is made from cellulose - a carbohydrate. -Some of this carbon is returned into the atmosphere as carbon dioxide when the plant respires. When these plants are eaten by other animals this carbon becomes part
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Auditing is an examination and verification of a company’s financial and accounting records and supporting documents by a professional‚ such as a Certified Public Accountant. According to AlBaraka‚ Islamic bank is an institution that mobilizes financial resources and invests that money in an attempt to achieve pre-determined islamically - acceptable social and financial objectives. Both mobilization and investment of money should be conducted in accordance with the principles of Islamic Sha’riah
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The Business Cycle: Recession: Characteristics: The economy slows down‚ and the level of sales and production orders start declining. Production facilities become underutilized‚ and companies respond by reducing the work rate. Workers who had been hired basis are laid off‚ and/or this reduces their disposable income. Celebrity Example: Stephen Baldwin Filed for bankruptcy. Personal debt of $2.3 million. Owed more than $1 million in taxes. Victim of the housing market collapse. Trough: Characteristics:
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(TCO 4) To succeed in an action against the auditor‚ the client must be able to show that: Student Answer: the auditor was fraudulent. the auditor was grossly negligent. there was a written contract. there is a close causal connection between the auditor’s behavior and the damages suffered by the client. Instructor Explanation: Page 121 Points Received: 2 of 2 Comments: 2. Question : (TCO 4) The principal issue to be resolved
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1. Jasmine is not violating the Code of Professional Conduct‚ as long as she keeping both of her jobs separated properly. She should not go and provide financial services to her audit clients‚ because that would be a violation of the Independence rule (rule 101). She should also be aware of rule 301. She is bringing her audit work to her financial services company‚ where other CPA are employed as well. She has to make sure that they don’t have access to the client’s information. 2. This depends
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