Journal of Accounting, Entrepreneurship and Financial Technology (JAEF)
Vol 1 No 1 (2019): Journal of Accounting, Entrepreneurship and Financial Technology

Financial Risk Assessment Using Enterprise Risk Management Concept

Anastasia Filiana Ismawati (Universitas Ciputra)



Article Info

Publish Date
28 Jan 2020

Abstract

Risk management by using risk mapping can help X Hospital located in Yogyakarta in financial management towards operating as an objective company. Enterprise Risk Management (ERM) helps organizations manage all the risks precisely and in a more integrated way. This research focuses on the risk assessment in X hospital that has not applied ERM, to analyse its financial risks. From this test, X Hospital is expected to manage its risks by using the ERM methods more, in order than the sustainability of the business can be maintained over a longer period, and thus, being able to compete with the competitors. Based on the results of risk the assessment, out of the 15 risks identified. There are top three risks that cannot be acceptable. They are: financial management report risk, contribution risk and multiple jobs risk of X Hospital. The three risks need to get response and allocations of good funds and attention from the management.

Copyrights © 2019






Journal Info

Abbrev

JAEF

Publisher

Subject

Economics, Econometrics & Finance

Description

Coverage of JAEF includes, but is not limited to issues surrounding: Financial Accounting and Reporting, Capital Market. Management Accounting, Behavioral issues in Accounting. Accounting and Information System, Auditing. Taxation, Accounting Education, Corporate Governance, Professional Ethics. ...