Financial Risks Management

Major: Finance, Banking and Insurance
Code of subject: 7.072.01.M.018
Credits: 5.00
Department: Finance
Lecturer: Doctor of the Sciences (in Economic), Professor Khoma Iryna Borysivna
Semester: 2 семестр
Mode of study: денна
Learning outcomes: • 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 conditions of financial risk • PR13. Have general scientific and special methods of studying financial processes while optimizing the magnitude of financial risk. • 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 in risky situations.
Required prior and related subjects: prerequisites: Financial management; Insurance Management. co-requisite: Bankruptcy; Methodology of Research in Financial Relations; Research on the Transformation of the Financial System.
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.
Assessment methods and criteria: • Current control: thematic control over the level of knowledge during the semester by the results of the protection of laboratory works, oral inquiry (70%). • Final control (control measure, differentiated test): implementation and defence of control works, written-oral form (30%)
Recommended books: Basic: 1. Laktionova O.A. Management of financial risks: a textbook / Vinnytsia: Vasyl Stus DonNU, - 2020. - 256 p. 2. Shklyaruk S.G. Management of financial risks: textbook. way. / SG Shklyaruk. - Kyiv: SE "Ed. House "Staff", 2019. - 494 p. 3. Lukyanova V.V. Diagnostics of risk of activity of the enterprise: [monograph] / V.V. Lukyanov. - Khmelnytsky: PE. Kovalsky VV, 2017. - 312 p. 4. Lukyanova V.V. Economic risk: textbook. manual / V.V. Lukyanova, T.V. Head. - К ., 2017. - 462 p. 5. Donets L.I. Economic risks and methods of measuring them: Textbook. manual / L.I. Donetsk. - Kyiv: Center for Educational Literature, 2016. - 312 p. 6. Ilyashenko S.M. Economic risk: a textbook. - [2nd ed. ext. and processing.] / S.M. Ilyashenko. - Kyiv: Center for Educational Literature, 2014. - 220 p. 7. Kuzmin O.Ye. Risk management in innovation: teaching method. manual / O.Ye. Kuzmin, N.Yu. Podolchak. - Lviv: Lviv Polytechnic National University Publishing House, 2009. –176 p. 8. Machine NI Economic risk and methods of its measurement: textbook. manual / Н.І. Machine. - Kyiv: Center for Educational Literature, 2013. - 188 p. 9. Orel S.M. Risk. Basic concepts: textbook. manual / С.М. Orel, M.S. Painted. - Lviv: Lviv Polytechnic National University Publishing House, 2008. - 88 p. 10. Vitlinsky V.V. Risk in management / V.V. Vitlinsky, S.I. – К., 2015. - 336 p. 11. 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. 12. 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. 13. 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. 14. Donets LI Economic risks and methods of measuring them: A textbook. - Kyiv: Center for Educational Literature, 2006. - 312 p. Auxiliary 1. 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. 2. Khoma I.B. Problems of financial intermediaries and their impact on financial and economic processes in the country in the context of the COVID-19 pandemic / I.B. Khoma, P.A. Goryslavets // Problems of legal, financial and economic support for the development of the national economy (sectoral and territorial aspects): monograph / ed. L.M. Savchuk, L.M. Bandorina. - Dnipro: Porohy, 2021. - 468 p. - P.352-369. 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. Management of business conflicts with the use of fuzzy set theory / I.B. Khoma // International scientific-practical journal "Economics and State". - K. - № 7. - 2014. - P. 50-53. 14. 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. 15. 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.