Launceston
Introduction
Organisations are vulnerable to financial risk, including funding and liquidity risk, market risk from interest rate, exchange rate or commodity price movements, credit risk and operational risk. The purpose of this subject is to equip you with the necessary skills to assess these financial risks and manage them strategically with the use of financial instruments. The Financial Risk Management unit discusses the process of investment evaluation that is covered in the Strategic Management Accounting subject and examines some of the practical elements and complexities of hedge accounting in relation to the international financial reporting standards that are covered in the Financial Reporting subject.
Summary 2021
| Unit name | Financial Risk Management |
|---|---|
| Unit code | BFA744 |
| Credit points | 12.5 |
| Faculty/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Accounting and Accountability |
| Coordinator | |
| Level | Postgraduate |
| Available as student elective? | No |
| Breadth Unit? | No |
Availability
Note
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Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
Special approval is required for enrolment into TNE Program units.
TNE Program units special approval requirements.
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).
Learning Outcomes
| LO1 | Explain risk and a risk management framework. |
| LO2 | Be able to analyse the funding, liquidity, interest rate, foreign exchange, commodity price, credit and operational risk faced by organisations. |
| LO3 | Advise an organisation on the procurement and management of funding and the allocation to competing long-term investments. |
| LO4 | Explain the nature and characteristics of derivatives. |
| LO5 | Explain responsibilities for financial risk and regulatory requirements, and the control framework for managing both financial and operational risks. |
Fees
Requisites
Prerequisites
BFA503 and BFA605
Co-requisites
N/A
Mutual Exclusions
You cannot enrol in this unit as well as the following:
N/A
Teaching
| Teaching Pattern | Please see the unit outline for details. |
|---|---|
| Assessment | Home Collections (15%), Online Test (20%), Take-Home Exam (65%). |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required | Please see the unit outline for details. |
|---|---|
| Recommended | You may need a scientific financial calculator. |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.