AFX1230 - Introduction to risk

Leader: Mr Warren Gillian

Offered

Caulfield First semester 2007 (Day)

Synopsis

This unit is designed to introduce the concept of risk as a business philosophy and to introduce the students to the Australian Risk Management Standard, AS/NZS 4360:1999.

Objectives

The learning objectives of this unit are to:

• demonstrate an understanding of the scope, application and definition of risk;
• explain the risk treatment requirements needed by business;
• compare and contrast the risk management process with existing approaches to governance, compliance and control;
• apply the risk approach to effective business control, by reference to AUS/NZ 4360:2004;
• apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with risk.

Assessment

Assignment (3000 words): 30%
Examination (3 hours): 70%