Business & Finance

Risk management deals with the identification of risks, understanding their level of assessment and also prioritizing them so that they can be handled in the right manner. Strategies used to manage include transferring risks to third parties so that they take on the burden of handling them and also accepting a part of the risk consequences to mitigate the and take step to provide a solution to it.Various standards have been set for risk management and these include standards set by the Project Management Institute and the National Institute of Science and Technology as well as ISO Standards. The core activities in risk management are as follows:• Identifying risks and assessing them to find out their impact • Identifying ways Continue reading…

Outstanding student loan debt is a major problem for many graduates. It is possible to negotiate with your creditors and possibly reduce or even eliminate your student loan debt. If you’re not up to the negotiations yourself, you can hire a company to negotiate with creditors on your behalf. However, if you fully intend and have the ability to pay your debt, it’s usually better to contact your creditors yourself. If you reach the stage where you can’t keep up with the repayments, it’s vital that you contact your creditors as soon as possible and explain your situation.It will help your situation greatly if you manage to contact your creditors before they contact you. Professional debt negotiating programs offer plans, Continue reading…

IntroductionThis manual is written to advise on an approach to managing risk, with regards to procedures to follow in conducting risk analyses and treatment.Background of my OrganisationI will focus my attention on the management of risks for my company in general. My company is involved in the trading of steel products, mainly for construction purposes, as well as the sales and purchases of agricultural products such as beans, maize and rice. With regards to these products, letters of credit (LCs) have to be initiated regularly for such products to be sold overseas. As part of the accounting and finance function, my responsibilities are not only in the proper accounting treatment of such transactions, but also as part of the team Continue reading…