• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Identify risk and recommendation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › Identify risk and recommendation

  • This topic has 2 replies, 2 voices, and was last updated 14 hours ago by crystal096.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • May 16, 2025 at 8:20 am #717287
    crystal096
    Participant
    • Topics: 4
    • Replies: 10
    • ☆

    Hi Team,

    My tutor recommended learning the following key risks to identify risks from a scenario:

    Business / Strategic risk
    ? Financial risk
    ? Liquidity risk
    ? Credit risk
    ? Foreign exchange risk
    ? Interest rate risk
    ? Market risk
    ? Market-share / competitive risk
    ? Political risk
    ? Legal & compliance risk
    ? Environmental risk
    ? Reputation risk
    ? Health & safety risk
    ? Technology risk
    ? Operational risk
    ? Intellectual risk

    Whilst I can see that the majority of them can be identified in a scenario I am finding it slightly limiting and more challenging to answer the question. I have experience with risk management at work so naturally my head identifies some risks that do not fit those buckets.

    I was just doing an exam paper and in the mark scheme can see risks such as:
    -Brand new industry
    -Inability to gain market share
    -lack of marketing insight
    -impact on current operations
    -impact on brand
    -ethical concerns

    Clearly these are not worded in the way my tutor has recommended I identify the risks, and the latter approach makes my life far easier.

    My question is, is there a prescribed set way on identifying risks? Do we have to identify it according to the list my tutor has strongly advised we memorise?

    Your advise is much appreciate thanks so much team!

    May 16, 2025 at 11:31 pm #717296
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10587
    • ☆☆☆☆☆

    The list you set out is very comprehensive, and can be a useful checklist. However ee, as the question you attempted shows, risks might not be described in ways congruent with the list.

    However, you do not need to express risks using the same terms as the marking scheme.

    So, investing in a brand new industry would almost certainly give rise to financial risks, market risk, legal and compliance risk, operational risk and technology risk.

    Impact on brand = reputation risk
    Ethical risk = legal and compliance.

    As well as using your list, ask yourself “What could go wrong with this project?”. That can be an effective way to identify potential risks.

    May 17, 2025 at 12:50 pm #717302
    crystal096
    Participant
    • Topics: 4
    • Replies: 10
    • ☆

    thanks very much really reassuring!

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • The topic ‘Identify risk and recommendation’ is closed to new replies.

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • nosiphoceliwedlamini@gmail.com on Financial instruments – convertible debentures – ACCA Financial Reporting (FR)
  • NirajNathani99 on PPE – revaluation upwards – ACCA Financial Reporting (FR)
  • AKN1989 on Linear Programming – Maximum contribution – ACCA Performance Management (PM)
  • Motsotase910 on Contingent Assets and Liabilities – ACCA Audit and Assurance (AA)
  • Kim Smith on ACCA F2 Key to success

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in