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Financial Risks Management
Major: Finance, Banking and Insurance
Code of subject: 6.072.03.E.070
Credits: 6.00
Department: Finance
Lecturer: Doctor of the Sciences (in Economic), Professor Khoma Iryna Borysivna
Semester: 7 семестр
Mode of study: денна
Завдання: Special (professional, subject) competences (SC)
SC06. Ability to use modern information and software
provision for receiving and processing data in the field of finance,
banking and insurance.
SC10. Ability to determine, justify and take responsibility for professional decisions.
Professional competencies of the professional direction "Corporate
finances"
SC12. The ability to analyze the financial condition of corporations and determine effective directions of financial and economic development
activities and increasing financial potential.
Professional competences of the professional direction "Finance and credit"
SC17. The ability to analyze financial potential, use methods of assessing solvency and managing portfolios of services and investments of financial institutions, taking into account the state of the financial market and macroeconomic factors.
Learning outcomes: PR05. Possess a methodical toolkit for diagnosing the state of financial systems (state finances, including budget and tax systems, finances of economic entities, household finances, financial markets, banking system and insurance).
PR10. Identify sources and understand the methodology for determining and methods of obtaining economic data, collect and analyze the necessary financial information, calculate
indicators that characterize the state of financial systems in terms of financial risk.
PR13. To have general scientific and special methods of researching financial processes.
PR14. Be able to think abstractly, apply analysis and synthesis to identify key characteristics of financial systems, as well as the behavior of their subjects under the influence of financial risk.
PR30. Diagnose the state of operational and investment activities of financial corporations and assess the prospects and risks of cooperation with them, carry out financial monitoring procedures.
Required prior and related subjects: prerequisites: Financial analysis. Insurance services. International banking operations.
co-requisite: Financial monitoring and anti-fraud. Financial infrastructure. Distribution of financial products.
Summary of the subject: The concept of financial risk. Features of financial risk in the current conditions of enterprise management. Minimizing financial risks. Economic methods of reducing financial risk. Development of measures that mitigate the impact of risk situations on the company's activities. Methodology of Financial Risk Management. Development of financial risk management program. Applied aspects of avoiding financial risks in financial and economic activity.
Опис: The concept of financial risk. Features of financial risk in the current conditions of enterprise management. Minimizing financial risks. Economic methods of reducing financial risk. Development of measures that mitigate the impact of risk situations on the company's activities. Methodology of Financial Risk Management. Development of financial risk management program. Applied aspects of avoiding financial risks in financial and economic activity.
Assessment methods and criteria: Methods of monitoring the knowledge and skills of the student of education when studying the discipline include:
1. Current control of the work of the student of education:
- Test survey;
- Oral examination and frontal examination in practical classes;
- Solving problems using the research method, the research-statistical method; the spectrum of economic and mathematical methods, in particular the method of the theory of probabilities, the information-receptive method, the heuristic method; decision-making method, optimization method, dynamic programming method, problem statement method, methods of structural-functional and system-complex diagnostics, reproductive method, etc. and design of solutions in the form of reports and independent works.
2. Final control: Examination (written and oral component)
Written component:
- Tasks of the 1st level - tests;
- Tasks of the 2nd level - difficult tests;
- Tasks of the 3rd level - solving problems
Критерії оцінювання результатів навчання: Assessment of the knowledge of students in the discipline "Financial Risk Management" is carried out on the basis of examination control, which is held at the end of the semester. The final control consists of an assessment of the acquired knowledge of students in practical (seminar) classes, which is determined in the amount of 30 points, a written component of 57 points and an oral component of 13 points in the exam.
Порядок та критерії виставляння балів та оцінок: • Current control: thematic control over the level of knowledge during the semester, oral inquiry (30%).
• Final control (control measure, ezam): written-oral form (70%).
Recommended books: Basic:
1. Politylo Mariia, Khoma Iryna, Chubka Olha, Yaroshevych Natalia, Yakymiv Andriy. FINANCE, MONEY AND CREDIT: Tutorial. Lviv: Novyi svit-2000, 2022. 234 p.
2. Laktionova O.A. Management of financial risks: a textbook / Vinnytsia: Vasyl Stus DonNU, - 2020. - 256 p.
3. Shklyaruk S.G. Management of financial risks: textbook. way. / SG Shklyaruk. - Kyiv: SE "Ed. House "Staff", 2019. - 494 p.
4. Lukyanova V.V. Diagnostics of risk of activity of the enterprise: [monograph] / V.V. Lukyanov. - Khmelnytsky: PE. Kovalsky VV, 2017. - 312 p.
5. Lukyanova V.V. Economic risk: textbook. manual / V.V. Lukyanova, T.V. Head. - К ., 2017. - 462 p.
6. Donets L.I. Economic risks and methods of measuring them: Textbook. manual / L.I. Donetsk. - Kyiv: Center for Educational Literature, 2016. - 312 p.
7. Vitlinsky V.V. Riskology in economics and entrepreneurship: [monograph] / V.V. Vitlinskyi, G.I. Velikoivanenko - K.: KNEU, 2014. - 480 p.
8. Ilyashenko S.M. Economic risk: a textbook. - [2nd ed. ext. and processing.] / S.M. Ilyashenko. - Kyiv: Center for Educational Literature, 2014. - 220 p.
9. Machina N.I. Economic risk and methods of its measurement: textbook. manual / Н.І. Machine. - Kyiv: Center for Educational Literature, 2013. - 188 p.
10. Orel S.M. Risk. Basic concepts: textbook. manual / С.М. Orel, M.S. Painted. - Lviv: Lviv Polytechnic National University Publishing House, 2008. - 88 p.
11. Vitlinsky V.V. Risk in management / V.V. Vitlinsky, S.I. – К., 2015. - 336 p.
12. Vitlinsky V.V. Economic risk: game models: Textbook. manual / V.V. Vitlinsky, P.I. Verchenko, A.B. Seagal, J.S. - К .: КНЕУ, 2012. - 446 с.
13. Khoma I.B. Financial analysis: textbook. manual [2nd ed.] / I.B. Khoma, N.I. Andrushko, K.M. Locksmith. - Lviv: Lviv Polytechnic National University Publishing House, 2012. - 335 p.
14. Khoma I.B. Formation and use of systems of diagnostics of economic protection of industrial enterprise: [monograph] / І.Б. Khoma. - Lviv: Lviv Polytechnic National University Publishing House, 2012. - 504 p.
Auxiliary:
1. Khoma I. FEATURES OF CURRENCY RISK MANAGEMENT IN THE SYSTEM OF FINANCIAL AND ECONOMIC PROTECTION OF ENTERPRISES: Scientific Foundations in Economics and Management: collective monograph / Kovalenko V., Lyutyy I., Zatonatska T., – etc. – Іnternational Science Group. – Boston : Primedia eLaunch, 2022. 653 р. – PP. 261- 268.
2. Khoma Iryna. Financial modelling of an impact of investment maintenance on the condition and diagnostics of economic protectability of enterprises / Management, finance, economics: modern problems and ways of their solutions: collective monograph / Zhydovska N., – etc. – Іnternational Science Group. – Boston : Primedia eLaunch, 2021. 615 р. - PP. 136-146.
3. Khoma I.B. Optimization of credit risk from the standpoint of protection of banking institutions: theoretical and applied principles / I.B. Homa, Yu.V. Myrhorodets // Electronic scientific journal "Azov Economic Bulletin". - Issue 1 (24), 2021. - P. 196-201.
4. Khoma I.B. Features of currency risk management / Proceedings of the International scientific-practical conference "Risk management in the financial sector" (International scientific conference on risk management in the financial sector), December 6-7, 2019 / Educational and Scientific Institute of Economics and Management Lviv Polytechnic National University. - Lviv: SPOLOM, 2020. - 68 p. - P. 14-16.
5. Khoma I.B. Innovative approaches to investment portfolio risk management: financial tools and mathematical apparatus / I.B. Khoma // Innovative technologies in the development of modern society: materials of the II International scientific-practical conference, October 8, 2020 - Educational and Scientific Institute of Entrepreneurship and Advanced Technologies of the National University "Lviv Polytechnic". - Lviv. - Lviv: Lviv Polytechnic Publishing House, 2020. - Access mode: http://ippt.lpnu.ua/documents/materialy_2_npk_2020.pdf free. - P. 103-107. - 150 p.
6. Khoma I.B. Clarification of the allowable error during the application of the interpolation method to find the optimal ways to neutralize the risks of the investment portfolio / I.B. Khoma // Economic space: Collection of scientific works. - № 156. - Dnipro: PDABA, 2020. - p. 226. - P. 221-225.
7. Khoma I.B. Formation of the step-by-step mechanism of transformation of strategic financial management of the enterprise at the bifurcation point / I.B. Khoma // Theory and methodology of formation of investment-financial strategy of development of subjects of national economy: monograph / ed. L.M. Savchuk, A.V. Skull. - Dnipro: Zhurfond, 2019. - 420 p. - P. 231-247.
8. Khoma I. The mechanism of control and management of financial risks in business / I. Khoma, O. Poburko // Information and innovation technologies in economics and administration: monograph. – (Series of monographs Faculty of Architecture, Civil Engineering and Applied Arts ; monograph 27) - Katowice School of Technology ; edited by O. Chukurna, M. Gawron-Lapuszek. - Wydawnictwo Wyzszej Szkoly Technicznej w Katowicach / P. Horyslavets, N. Dobosz, A. Kazarian, K. Beregovska, V. Teslyuk, Y. Pozdnyakov, M. Lapishko, R. Feshchur, M. Tymoshchuk, S. Shyshkovskyi, A. Manila, I. Khoma, O. Poburko, I. Bakushevych, Y. Bakushevych, O. Slyusarchuk, Y. Slyusarchuk. – Katowice: Wydawnictwo Wyzszej Szkoly Technicznej w Katowicach, 2019. – 267 р. – РР. 218-231.
9. Khoma I.B. Diagnosis of the risk of loss of profits in business due to business conflicts / I.B. Khoma // Bulletin of the Volyn Institute of Economics and Management. - 2014. - № 10, v. 2. - P. 283 - 292.
10. Khoma I.B. Accounting for signs of detection of business conflicts in the control system of economic protection of the enterprise / I.B. Khoma // Bulletin "Management and Entrepreneurship in Ukraine: Stages of Formation and Problems of Development" of the National University "Lviv Polytechnic", 2014. - № 794. - P. 103-108.
11. Khoma I.B. Estimation and application of interpolation methods in search of optimal ways to neutralize investment portfolio risks / I.B. Khoma // Bulletin of the Lviv Polytechnic State University "Problems of Economics and Management". - Lviv. Published by NU LP, № 484. - 2003. - P. 389- 394.
12. Khoma I.B. Prevention of business conflicts in the process of development and implementation of anti-crisis management subsystems / I.B. Khoma // Bulletin "Management and Entrepreneurship in Ukraine: Stages of Formation and Problems of Development" of the National University "Lviv Polytechnic", 2015. - № 819. - P.104-112.
13. Khoma I.B. Clarification of approaches to risk management in the system of safe operation of the enterprise / I.B. Khoma, M.I. Danyliuk // Scientific Bulletin of the National Forestry University of Ukraine: a collection of scientific and technical works. - Lviv: RVV NLTU of Ukraine. - 2014. - Vip. 24.7. - P. 223-228.
14. Gyhor О.B. The essence of the concept of "financial risk" and its classification / O.B. Gyhor, М.О. Shtekhan // Scientific Bulletin of NLTU of Ukraine, series: economics, planning and management in industries. - 2013. - № 23.10. - P. 146–149.
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