CPA FINANCIAL RISK MANAGEMENT

ACC5FRM

Not currently offered

Credit points: 15

Subject outline

The purpose of this subject is to equip you with the necessary skills to assess financial risks such as funding and liquidity risk, market risk from interest rate, exchange rate or commodity price movements, credit risk, and operational risk, and manage them strategically with the use of financial instruments. It extends the governance framework covered in the CPA Ethics and Governance subject, further discusses the process of investment evaluation that was covered in the CPA Strategic Management Accounting subject, and examines some of the practical elements and complexities of hedge accounting in relation to the international financial reporting standards that were covered in the CPA Financial Reporting subject.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorAxel Schulz

Available to Study Abroad/Exchange StudentsYes

Subject year levelYear Level 5 - Masters

Available as ElectiveNo

Learning ActivitiesSeminars and online activities

Capstone subjectNo

Subject particulars

Subject rules

Prerequisites Must have completed 180 credit points of subjects as per the course structure in either LMCPA or LMFAN and seek subject co-ordinator's approval

Co-requisitesACC5SMA

Incompatible subjectsN/A

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsAll students enrolling in the CPA Professional subjects must first enrol with CPA Australia and provide evidence of associate membership with CPA Australia. The final exam for the CPA Professional subjects is the official CPA Professional Accreditation exam set and graded by CPA Australia. Students failing to pass this exam on the first attempt will be offered a second attempt in lieu for a supplementary exam. All CPA Australia exams are at the student's own cost, exam payments must be made directly to CPA Australia. Students choosing to exit after satisfactorily completing any four LBS subjects (60cps) may exit with a Graduate Certificate in Business. Students choosing to exit after satisfactorily completing any eight LBS subjects (120cps) may exit with a Graduate Diploma in Business. Students failing to satisfactorily complete all six CPA subjects will be able to transfer to complete the generic MPA, where completed CPA subjects will count towards the elective subjects of that degree.

Minimum credit point requirementN/A

Assumed knowledgeN/A

Readings

Blended material

Resource TypeRecommended

Resource RequirementN/A

AuthorLa Trobe University

YearN/A

Edition/VolumeN/A

PublisherLa Trobe University

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Study Guide - CPA Australia

Resource TypePrescribed

Resource RequirementN/A

AuthorCPA Australia

YearN/A

Edition/VolumeN/A

PublisherCPA Australia

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLcpaaustralia.com.au/myonlinelearning

Other descriptionN/A

Source locationN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

DISCIPLINE KNOWLEDGE AND SKILLS
INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry
PERSONAL AND PROFESSIONAL - Adaptability and Self-Management
PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility

Intended Learning Outcomes

01. Recognise risk and a risk management framework
02. Recognise the types of financial risk faced by an organisation and apply a practical approach to assessing, monitoring and managing an organisation's financial risk
03. Differentiate the funding, liquidity, interest rate, foreign exchange, commodity price, credit and operational risk faced by organisations
04. Advise an organisation on the procurement and management of funding and the allocation to completing long-term investment
05. Appraise the nature and characteristics of derivatives
06. Advise an organisation on the types of financial instruments that could be used to best manage an organisation's financial risk
07. Demonstrate the practical elements of accounting for derivatives for both embedded derivatives and derivatives used for hedging purposes
08. Summarise the responsibilities for financial risk and regulatory requirements, and the control framework for managing both financial and operational risks.

Subject options

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Subject not currently offered - Subject options not available.