Financial- and business risks analysis of Oy Korpilampi Ab
Tiitinen, Pekka (2017)
Tiitinen, Pekka
Haaga-Helia ammattikorkeakoulu
2017
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2017060111866
https://urn.fi/URN:NBN:fi:amk-2017060111866
Tiivistelmä
This paper presents the project of developing a financial and business risk analysis report for Oy Korpilampi Ab. The goal is to identify the major risks the company faces. The main risk categories analyzed are financing risks, credit/default risks, currency risks, liquidity and solvency risks, compliance and taxation risks and accounting risks. The theory explains these risks from the hospitality industry’s point-of view.
The project is completed by acquiring relevant information from the commissioning company and analyzing it to see what are the risks that the commissioning company is exposed to. The information consists of financial statements and information about the procedures related to the company’s finances and accounting. The methods used in the analysis include some financial ratios as well as interviewing the commissioning company’s management about its procedures and comparing this information to the theories to see if the procedures expose the company to certain risks.
The results of the analysis are shown in a risk mapping report that states the major risks and factors that cause the exposure to them. The commissioning company currently manages many of the risks presented in the paper to some extent. However, it is subject to minor risks in the categories that are analyzed. The most imminent risks faced are financing risks, credit risks and accounting related risks originating from outsourced accounting activities of the commissioning company. No imminent major risks can be found without further profound analysis.
The commissioning company is recommended to develop its risk management strategy further and implement new methods focusing on various risk categories.
The project is completed by acquiring relevant information from the commissioning company and analyzing it to see what are the risks that the commissioning company is exposed to. The information consists of financial statements and information about the procedures related to the company’s finances and accounting. The methods used in the analysis include some financial ratios as well as interviewing the commissioning company’s management about its procedures and comparing this information to the theories to see if the procedures expose the company to certain risks.
The results of the analysis are shown in a risk mapping report that states the major risks and factors that cause the exposure to them. The commissioning company currently manages many of the risks presented in the paper to some extent. However, it is subject to minor risks in the categories that are analyzed. The most imminent risks faced are financing risks, credit risks and accounting related risks originating from outsourced accounting activities of the commissioning company. No imminent major risks can be found without further profound analysis.
The commissioning company is recommended to develop its risk management strategy further and implement new methods focusing on various risk categories.