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: 09.01.2024 - 22.02.2024

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:

    The course material is primarily divided into five topics.
    I. Organizational/Process perspectives on risk - enterprise risk management, risk culture
    II. Corporate governance and risk management - three lines of defence, COSO ERM & IC - risk appetite, risk
    oversight, risk analysis
    III. ISO 31000 standard and network and individual perspectives on risks
    IV. Risk management, management accounting & risk regulation
    V. Risk reporting

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 - 28 hr

    - individual assignment - 30 hr

    - Group assignment - 32 hr

    - Exam Preparation - 35 hr

    - Reading - 17 hr

    - self-study - 18 hr



Substitutes for Courses
SDG: Sustainable Development Goals

    12 Responsible Production and Consumption


Further Information
  • valid for whole curriculum period:

    Teaching Language : English

    Teaching Period : 2022-2023 Spring III
    2023-2024 Spring III

    Enrollment :

    Registration for courses: in Sisu.