FRM Topic: System of FRM of Enterprise Summary of the lesson: Information support system of Financial risk management. Risk-analyses system of financial. - презентация

1 FRM Topic: System of FRM of Enterprise Summary of the lesson: Information support system of Financial risk management. Risk-analyses system of financial activity in enterprise. Risk-planning system of enterprises financial activity.

2 Ch. 1, Handbook Information support system of Financial risk management. Effectiveness of each management system depends on information support of an enterprise. In FRM the quality of received information plays significant role, because it will impact on profit, market value of enterprise, effectiveness of investment projects etc. slide 2

3 Ch. 1, Handbook Information system of FRM It is functional unit, that provides process of continually and purposeful gathering of informative indicators necessary for identification, evaluation and making of the effective management decisions for elimination of the FR. slide 3

4 Ch. 1, Handbook Users of information in FRM INTERNALINTERNAL Top Managers Financial managers Shareholders Other users slide 4

5 Ch. 1, Handbook Users of information in FRM EXTERNALEXTERNAL Creditors Potential investors Counteragents on operations activity Tax agencies Auditors and Advisors Stock Exchanges Other users slide 5

6 Ch. 1, Handbook Basic sources of internal indicators o Firms financial reports o Indicators of managerial accounting o Norm and planning indicators slide 6

7 Ch. 1, Handbook Basic external indicators o Country's Economic development o Financial market conjuncture o Activity of partners and competing firms o Bills and regulatory indicators slide 7

8 Ch. 1, Handbook REQUIREMENTS OF FINANCIAL INFORMATION COMPLETENESS CREDIBILITY TIMELINESS CLARITY RELEVANCY COMPARABILITY EFFECTIVENESS slide 8

9 Ch. 1, Handbook Risk-analyses system of financial activity in enterprise Financial Risk-analyses it is the investigation process of internal and external environment, that effect on financial statement and basic results of financial activity of enterprise in order to identify and objective assessment of financial risk slide 9

10 Ch. 1, Handbook Forms of the Financial Risk-analyses system 1. On the Assessment pattern 1.1. Qualitative 1.2. Quantitative 2. On sources of Risk origin 2.1. System (regular) 2.2. None system (irregular) 3. On organization of Risk analyses (RA) 3.1. Internal FR analyses 3.2 External FR analyses slide 10

11 Ch. 1, Handbook Forms of the Financial Risk-analyses system 4. On object of RA 4.1. RA of financial activity of an enterprise on the whole 4.2. RA of financial activity on an enterprises specific competences 4.3. RA of financial activity on an enterprises specific operations 5. On period of RAs conducting 5.1. Preliminary FRA 5.2. Operating FRA 5.3. Retrospective FRA slide 11

12 Ch. 1, Handbook slide 12