Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.


After completing the course,
- Students will have knowledge of risk management in organizations, including risk identification, risk analysis, and risk response.
- Students will be familiar with the process-oriented and accounting focused perspective on risk management.
- Students will be able to analyze and question the covered theoretical/empirical perspectives.
- Students will be able to apply their conceptual understanding to the empirical and practical problems in contemporary organizations.

Credits: 6

Schedule: 11.01.2022 - 24.02.2022

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Vikash Sinha

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English


  • valid for whole curriculum period:

    - Risk analysis: objectives, identification, risk assessment, risk response
    - Risk management frameworks and regulations (e.g., COSO)
    - Risk Management and other management accounting systems such as performance management, budgeting and planning
    - Risk management, corporate governance, and reporting quality
    - Reporting and governance roles and approaches
    - Auditing and risk management

Assessment Methods and Criteria
  • valid for whole curriculum period:

    - Exam (40 points; 40 %)

    - Exercises (60 points, 60 %)

    To pass the course, student must obtain:

    1. a) at least 20 points from the exam, and
    2. b) at least 50 points from the whole course (exam + exercises).

  • valid for whole curriculum period:

    Total 160 h, including

    - Contact teaching


Study Material
  • valid for whole curriculum period:

    Readings announced at the beginning of the course.

Substitutes for Courses
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

    13 Climate Action


Further Information
  • valid for whole curriculum period:

    Teaching Period:

    2020-2021 Spring III

    2021-2022 Spring III

    Course Homepage:

    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu ( instead of WebOodi.

    See the registration time in Sisu.