There is increasing disruption and uncertainty in an ever-changing global world, with evolving and new technology, decreasing product life cycles, increasing customer and societal expectations, and increased risks associated with ongoing value creation by organisations. In this environment, there are numerous external and internal business risks for an organisation to achieve value creation. Risks include competition; financial constraints; regulatory/legal requirements; ineffective corporate leadership; inappropriate strategy setting and execution; inadequate organisational structure and processes and organisational capabilities. Developing effective ways of managing such business risks is critical for organisational sustainability. This course addresses this emergent field conceptually, technically, and speculatively. Case studies and research are used throughout the course.

• To provide a practical understanding of the nature of business risks faced by organisations.
• To examine the impact of risk on the decision-making processes of organisations.
• To review the techniques used to identify, assess and quantify these risks.
• To examine strategies and techniques used to mitigate the impact of these risks on an organisation, including the role of strategy formulation and implementation and the development of effective risk control strategies, processes, and structures.

This course will assist students to better understand the significance of adequately assessing and managing risk at a strategic, operational, and tactical level of an organisation and in making informed risk-based business decisions. The course builds upon material in other management accounting course offerings.

This course will assist students to better understand the significance of adequately assessing and managing risk in the context of the management of business operations and in making informed business decisions. The course builds upon material in other management accounting course offerings.

• To provide a practical understanding of the nature of business risks faced by organisations.

• To examine the impact of risk on the decision-making processes of organisations.  

• To review the techniques used to identify, assess and quantify these risks.  

• To examine strategies and techniques used to mitigate the impact of these risks on an organisation, including the role of strategy formulation and implementation and the development of effective risk control strategies, processes and structures.  

The course is conducted in a single 2 to 2.5-hour weekly face-to-face seminar. The course makes extensive use of case studies to demonstrate real-life examples of situations where specific issues in the area of risk management have been either poorly or well managed. Students are expected to prepare prior to each lecture and actively engage in discussion related to the cases and the course material.

Refer Moodle

As a student at UNSW you are expected to display academic integrity in your work and interactions. Where a student breaches the UNSW Student Code with respect to academic integrity, the University may take disciplinary action under the Student Misconduct Procedure. To assure academic integrity, you may be required to demonstrate reasoning, research and the process of constructing work submitted for assessment.

To assist you in understanding what academic integrity means, and how to ensure that you do comply with the UNSW Student Code, it is strongly recommended that you complete the Working with Academic Integrity module before submitting your first assessment task. It is a free, online self-paced Moodle module that should take about one hour to complete.

You are expected to complete all assessment tasks for your courses in the School of Accounting, Auditing & Taxation. In some courses, there will be a minimum pass mark required on the final exam due to the need to assure individual mastery of specific course learning outcomes for accounting accreditation requirements.  Where applicable this is explained in the assessment section of this course outline.

In order to pass this course, you must:

• achieve a composite mark of at least 50 out of 100;
• achieve a minimum seminar attendance of 80%; and
• meet any additional requirements described in the Assessment Summary section.

You are expected to attempt all assessment requirements in the course.

Minimum 80% attendance required ( 8 of 10 seminars) to pass the course.

This course consists of 10 weekly seminars and three assessment tasks.

The website for this course is on Moodle and should be consulted regularly. It will contain announcements and all relevant material for the course.

There is no prescribed text for this course. Relevant material will be made available on Moodle.

Resources will be made available on Moodle, or via the library or internet.

No additional costs.

Feedback is regularly sought from students and continual improvements are made based on this feedback. At the end of this course, you will be asked to complete the myExperience survey, which provides a key source of student evaluative feedback. Your input into this quality enhancement process is extremely valuable in assisting us to meet the needs of our students and provide an effective and enriching learning experience. The results of all surveys are carefully considered and do lead to action towards enhancing educational quality.

Student feedback is important and each term the feedback is used to continually improve the course.