FINA 3250 Risk Management Strategies

Identification and mitigation of financial risks using insurance, derivatives, and internal control mechanisms.

About this course

In this course, you will explore the frameworks and tools used to manage financial uncertainty. You will learn how to identify various types of risk, from market fluctuations to operational failures, and evaluate strategies to mitigate them. The curriculum covers the use of insurance, internal controls, and financial derivatives as primary mechanisms for risk transfer and reduction.

Who takes this course

This course is an elective designed for students in the Accounting and Financial Planning programs. It provides essential knowledge for those pursuing careers in corporate finance, risk analysis, or financial advisory services.

Credits: 3 · Hours: 45

Prerequisites

• FINA 1650 Business Law Essentials
• FINA 2840 Corporate Finance Theory

Learning outcomes

• Identify and categorise operational, market, credit, and liquidity risks facing modern organisations.
• Evaluate the effectiveness of insurance products and internal control mechanisms for risk transfer and reduction.
• Apply basic derivative instruments, such as forwards and options, to hedge specific financial exposures.
• Develop a comprehensive risk management plan that aligns with an organisation's strategic objectives and regulatory requirements.

Evaluation