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/).
Cite this article
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 -