ACCOUNTING, AS A INFORMATION FACT SHEET OF RISK MANAGEMENT OF THE ENTERPRISE
Journal Title: The Institute of Accounting, Control, and Analysis in the Globalization Circumstances - Year 2018, Vol 1, Issue 3
Abstract
Introduction. The variety of types of risks that accompany the economic activity of the enterprise, the existence of various types of threats to the economic stability of the enterprise encourage the creation of a risk management system and protection against possible threats and negative consequences. Risk management is a system of identification, assessment, prevention and insurance measures in order to minimize possible economic losses in the process of economic activity. Methods. Comparison, grouping and statistical methods are used. Results. The article considers the information provision of the analysis as an effective risk management tool. The presented proposals are intended to make economic analysis an effective risk management tool in order to avoid negative consequences of risks, to formulate the strategy of the enterprise, increase the efficiency and quality of making management decisions. Discussion. The use of economic analysis in the process of risk management will allow obtaining quantitative and qualitative characteristics of risk and their consequences, reduce the degree of uncertainty, substantiate the most optimal method of risk management, and provide interested parties with risk information.
Authors and Affiliations
Olena Zorina
Keywords
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