企业的风险管理财务和会计方面外文翻译精选

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1、本科毕业论文（设计）外文翻译原文：EnterpriseRiskManagement:FinancialandAccountingPerspectivesERMandFinanceOperations:KeyFinancialRisksRecentfinancialdisastersinfinancialandnon-financialfirmsandingovernmentalagencieshaveledtoincreasedemphasisonvariousformsofriskmanagementsuchasmarketriskmanagement,creditriskmanageme

2、nt,andoperationalriskmanagement.Financialinstitutionslikebanksarefurthermotivatedbytheneedtomeetvariousregulatoryrequirementsforriskmeasurementandcapital.Thereisanincreasingtendencytowardanintegratedorholisticviewofrisks.Aframeworkforthinkingaboutthecollectiveriskofagroupoffinancialinstrumentsandan

3、individualsecurity’scontributiontothatcollectiveriskwouldbeuseful.ATillinghast-TowersPerrinsurveyhasreportedthatnearlyhalfoftheinsuranceindustryusedanintegratedriskmanagementprocess(withanother40%planningtodoso),and40%hadachiefriskofficer.EnterpriseRiskManagement(ERM)isanintegratedapproachtoachievi

4、ngtheenterprise’sstrategic,programmatic,andfinancialobjectiveswithacceptablerisk.ThephilosophyofERMgeneralizestheseconceptsbeyondfinancialriskstoincludeallkindsofrisks.Forexample,aportfolioofequityinvestmentshasbeengeneralizedtotheentirecollectionofrisksfacinganorganization.Anumberofprincipleshaveo

5、ftenbeenfoundusefulinpractice:1.Portfolioriskcanneverbethesimplesumofvariousindividualriskelements.2.Onehastounderstandvariousindividualriskelementsandtheirinteractionsinordertounderstandportfoliorisk.3.Thekeyrisk,i.e.,themostimportantrisk,contributesmosttotheportfolioriskortheriskfacingtheentireor

6、ganization.Therefore,decisionmakersshouldbemostconcernedaboutkeyriskdecisions.4.Usingquantitativeapproachestomeasureriskisveryimportant.Forexample,akeyfinancialmarketriskcanbroadlybedefinedasvolatilityrelativetothecapitalmarkets.Onemeasureofthisriskisthecostofcapital,whichcanbemeasuredthroughmodels

7、suchastheWeightedAverageCostofCapital(WACC)andCapitalAssetPricingModel(CAPM).ERMandFinancialOperationsTraditionalfinanceoperationshavefocusedoncostandefficiencyinoperationsandprocesses.Afirmisassumedtoseeke