Risk-Based Approach in Financial Investments Management

DOI

10.2991/iscfec-19.2019.94How to use a DOI?

Keywords

financial investments, risk-oriented approach, internal control sys-tem, financial reporting, risk-management.

Abstract

The formation of an internal control system for both the company as a whole and for various accounting objects is an actual and necessary process that indicates the level of maturity of the business. The existence of developed organizational measures, methods and procedures allows in a preventive manner to focus management attention on risky areas of business processes and determine activities to optimize the performance of company to achieve its goals and strategy. In these conditions, a risk-oriented approach in accounting becomes a priority for increasing the information openness of business as a part of the company's internal control system. In present work we examine the imple-mentation of risk-based approach in financial investments ac-counting through the definition of a list of controls to reduce the risks of unreliable information in the financial statements and methodology for calculating the reserve for impairment of financial investments.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - J. Klimova
PY  - 2019/05
DA  - 2019/05
TI  - Risk-Based Approach in Financial Investments Management
BT  - Proceedings of the International Science and Technology Conference "FarEastСon" (ISCFEC 2019)
PB  - Atlantis Press
SP  - 332
EP  - 334
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-19.2019.94
DO  - 10.2991/iscfec-19.2019.94
ID  - Klimova2019/05
ER  -