1. Examine and describe the role and implication of risk and reward in business.
Knowledge and Understanding

2. Analyse the importance of risk management to individuals and businesses.
Knowledge and Understanding

3. Evaluate the impact of risk on financial statements, budgeting and costing techniques used by businesses.
Communication
Analysis

1. Initial Assessment – MCQs (0.5hrs) (15%) (LO1) to test first week guided independent study
2. Individual computer-based exam (online) - Exam 0.5 hr (25%) (LO2)
3. Individual computer-based exam (online) - Exam 1.0 hr (60%) (LO3)

The exams will be computer based and will consisting of different types of questions, such as multiple choice, open ended, missing word, true or false and calculations.

Without risk, there is often no reward. In this module, you will explore the evolution and nature of financial markets and their susceptibility to shock. You will gain a solid foundation in the concepts of risk and return.

Risk is part of our daily lives and is an important consideration in business. Learning how to manage risk, when to avoid it, when to transfer, how to reduce it or even when to accept it are necessary skills. The module will teach you why it is imperative to be risk aware in business.

You will learn the essential terminologies and categories of risks, together with risk management approaches and tools which you can apply to an organization.

Risk management helps identify, assess, and manage problems and is essential for the success of any business. With this course, you will get to know useful information about risk management that will serve you well in your career.

Without risk, there is often no reward. In this module, you will explore the evolution and nature of financial markets and their susceptibility to shock. You will gain a solid foundation in the concepts of risk and return, portfolio theory and basic budgeting.

Concepts, theories and principles will be explored, practiced and demonstrated. Practical skills enhanced by recommended videos and talks. Cognitive and personal skills developed in open-ended problem-solving exercises. Oral feedback is given during sessions. The assessment will examine the wider learning outcomes expressed in the descriptor

You will undertake ‘formative’ assessments during the module to help you monitor your learning and provide you and us with ongoing feedback on your progress, that helps you prepare for the ‘summative assessment(s) during or at the end of the module.

Woods, M. (2021). Risk Management in Organizations: An Integrated Cased Study Approach. Abingdon: Routledge.
(release Jan 2021)
Seal, W. et al. (2019). Management Accounting. (6th Ed.). London: McGraw-Hill Education.
Pritchard, C.L. (2015). Risk Management: Concepts and Guidance. Boca Raton: CRC Press/Taylor & Francis Group.

TEDx videos will be used to give background information and aid discussions.

LinkedIn Learning will be utilised including:
https://www.linkedin.com/learning/accounting-foundations-2/the-importance-of-accounting
https://www.linkedin.com/learning/accounting-foundations-2/the-accounting-equation
https://www.linkedin.com/learning/accounting-foundations-2/budgets-solving-problems-in-advance
The University Library and Learning Resources - books and academic journals
The module VLE
Electronic data bases
Learning support materials
Online Tools, Internet

N/A