Accounting risk: types, explanations and examples
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Accounting risk: types, explanations and examples
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- Distinguish between different kinds of risk and the steps involved in the financial riskmanagement process.Explain the difference between financial risk andbusiness risk.Financial risk management encompasses the management of (a) operational risk, strategic risk, and credit risk (b) credit risk, market risk, and liquidity risk (c) compliance risk, credit risk, and strategic risk (d) pure risk, speculative risk, and strategic risk
