#Risk management analysis

[reitziluz]

i've always enjoyed the way tsubomi is portrayed. she's not really part of the story and we don't know much about her outside of her being the target of mob's feelings and in a way a symbol or symbolic goal for his character arc - but that's the point! the point is that that's a shitty thing in a story and also in real life to do to another person!

she has a very strong feeling of having her own thing going on. she's not the love interest in a shounen series, she's a middle schooler with her own life and troubles. there's kind of a meta level to it too, how we as the audience are not entitled to find out every detail of her life, right? i like how understated her portrayal is while also being consistent with the things that we actually see of her true self are. truly, she's a strong person who knows what she's about.

specifically the conveyor belt of confessions and her justified annoyance at having to deal with the emotions of all these people that have cast her into the role of their love interest is just *chefs kiss* perfect and a mood

[allaboutforexworld]

Social Trading in a Nutshell

Social trading has revolutionized the way individual investors participate in the financial markets. By leveraging the collective wisdom and strategies of experienced traders, newcomers can improve their trading outcomes. This article explores the concept of social trading, its benefits, risks, and how to get started. What is Social Trading? Social trading is a form of investing that allows…

[99pax1cotidie100]

🦩🌳💸Using Decision Trees in Financial Analysis🔍

Decision Trees are a powerful financial analysis tool that clarifies the expected value of capital investment opportunities. It is used in business operations where companies continuously struggle with big decisions on product development, operations management, human resources, and others. Decision Tree analysis method lets us explore the ranging elements influencing a decision.

🦩📉💸Stakeholders and Risk

Let’s say that there is a parent company investing the funds expects some investments across their portfolio of subsidiaries to fail and have hedged against that by diversifying their risk exposures. The sales manager of the company has a lot to gain in regards to increased product quality to offer to potential clients and nothing to lose if the project is not successful. However, for the plant manager that will be in charge of building the new modernized factory, failure may mean losing his job. Such a situation where there is a significant number of different stakeholder points of view introduces an undesirable element of politics in the decision-making process. To mitigate the risk of such politics leading to wrong decisions, we need to ask who bears the risk and what is the risk and look at each decision from the perspective of each stakeholder, when performing our analysis.

🦩📊💸Evaluate Investment Opportunities with Decision Trees

Decision Trees is a great laying out information tool that enables systematic analysis and leads to a more robust and rigorous decision-making process. The technique is excellent for illustrating the structure of investment decisions, and it can be crucial in the evaluation of investment opportunities. Decision Trees in financial analysis are a Net Present Value (NPV) calculation that incorporates different future scenarios based on how likely they are to occur. The cash flows for a given decision are the sum of cash flows for all alternative options, weighted based on their assigned probability.

🦩🌳💸To prepare a Decision Tree analysis, we take the following approach:

Identify the points of decision and the alternative options available at each of them.

Identify aspects of uncertainty and type or range of alternative outcomes.

Estimate the values for the analysis: *Probabilities of events and results from actions *Costs of and possible gains from various events and activities.

Analyze alternative amounts and choose a course (calculate the present value for each state).

🦩🌳💸Decision Tree Analysis is an essential tool in the decision-making process and investment analysis as it determines the value of investment opportunities and clarifies the connection between current and future decisions and uncertain circumstances which enables management to consider the available courses of action with more ease and clarity.

[markalison231]

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[open-era]

Candlestick Charting: A Tale of Tradition and Innovation from Japan

Candlestick charting's rich origins in Japan reveal timeless insights into market sentiment. Embrace the past's wisdom as we navigate today's markets, confident that understanding emotions will illuminate brighter trading paths! 🚀📈 #FinancialWisdom

Candlestick charting, a vital tool for traders globally, originated in 18th-century Japan amid a feudal society and a thriving rice market. Developed by legendary trader Munehisa Homma, it visualised price movements using candlesticks, revealing market psychology and predicting trends. Steve Nison’s introduction of candlestick charting to the West in the 1980s revolutionised technical analysis.…

[musical-chick-13]

Having Too Many Feelings™ about Lady Macbeth today.

[maritimeriskmanagement]

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[shirasmith26]

[suchi05]

MCA Requirements with SAP System | Toggle Now

It’s been almost a year since the Ministry of Corporate Affairs (MCA), India introduced a new set of guidelines to companies on April 1, 2023, aiming to bring transparency and restrict or reduce data manipulation of books within the company. This prompted SAP clients to initiate new processes such as enabling audit trails and change logs. However, many customers are still unsure about what they need to do.

A survey conducted by ToggleNow between September 2023 and March 2024 found that 7 out of 10 customers attempted to implement the rules, but they might not have completed all the necessary steps. Here’s how companies are dealing with the situation:

What the Requirement says? How are companies handling it today? What is the Challenge? Enable audit trail of every transaction. Companies are enabling the SM19/SM20 audit logs. Enabling SM19/SM20 audit logs will not only occupy lot of space, but also impacts the system performance. Creating an edit log of each change made in books of account along with the date when such changes were made. This is a standard feature of SAP where the change logs are captured in the following tables:

CDHDR: Change document header table

CDPOS: Change document item table

SCDO: Change document object table

SCDO2: Change document object table (newer version)

TCURR: Exchange rates table (used for currency conversion)

T000: Clients table (tracks changes to client-specific data)

T001W: Plant parameters table (tracks changes to plant-related data)

T001L: Storage locations table (tracks changes to storage location data)

While this is a standard feature, users in SAP can still delete these logs, which need to be secured. Many of the clients haven’t implemented additional security features to protect the edit/change logs. Audit trail cannot be disabled/deleted. Audit trails are enabled by Admins in the production environments and will be backed up periodically. Users with administrative authorizations can still disable or delete these audit trails/logs.

No backdated entries, no deleted/amended vouchers allowed. This is controlled with authorizations. Many of the users have wider authorizations which allows them to poste backdated entries.

It's about transparency and no room for data manipulation. Debug authorization is restricted to specific users which allows them to make changes in run-time. Debug authorizations are not properly maintained. Many users have access to SE16 with debug, allowing them to change entries without proper records.

Ensure your software has a timestamp for every action. This is a default functionality. As mentioned, performing changes from RFMs, and in debug mode doesn’t leave the timestamp. This must be controlled.

Track every transactional change, no exceptions. This is a default functionality. Change logs can be deleted. Thus, authorization controls to be implemented.

Keep the edit log permanently on. This is a default functionality. Edit logs can be deleted. Thus, authorization controls to be implemented. Capture user details for accountability. This is a default functionality. With RFMs, users can utilize other IDs and make changes. RFMs and RFCs to be secured.

Maintain a clear sequence of actions. This is a default functionality. This is a default functionality.

In conclusion, the management of audit logs such as SM19/SM20 presents challenges, as enabling them may consume significant storage space and affect system performance. Despite being a standard feature, users in SAP can still delete these logs, highlighting the necessity for enhanced security measures.

Many clients have not implemented additional safeguards, leaving the system vulnerable to unauthorized alterations. Furthermore, users with administrative privileges can easily disable or erase audit trails, while wider authorizations enable the posting of backdated entries. Debug authorizations are often overlooked, granting users access to SE16 with debug capabilities, compromising data integrity.

Moreover, changes made through RFMs and in debug mode lack timestamp records, necessitating stricter controls. The deletion of change and edit logs underscores the imperative for robust authorization controls. To mitigate risks, RFMs and RFCs must be secured to prevent unauthorized access and alterations.

Absolutely! Evaluating your SAP system to ensure compliance with the Ministry of Corporate Affairs (MCA) requirements is crucial for maintaining transparency and data integrity within your organization. Our team of experts specializes in SAP systems and regulatory compliance, and we’re here to assist you every step of the way.

Here’s how ToggleNow can help:

Comprehensive Assessment: Our team will conduct a thorough assessment of your current SAP system to identify any gaps or areas that need improvement to meet MCA requirements.

Customized Solutions: Based on the assessment findings, we’ll tailor solutions specifically for your organization to ensure compliance with MCA guidelines while optimizing system performance and security.

Implementation Support: Our team will provide hands-on support during the implementation phase such as authorization adjustments, guiding you through the process of configuring your SAP system for additional changes to align with MCA requirements effectively.

Training and Education: We offer training sessions to educate your team on best practices for maintaining compliance within the SAP environment, empowering them to utilize the system efficiently and securely.

Ongoing Support: Our commitment doesn’t end with implementation. We’ll provide ongoing support and maintenance to address any evolving compliance needs and ensure your SAP system remains aligned with MCA regulations.

Let’s schedule a consultation to discuss your specific requirements and how our expertise can help you achieve and maintain compliance with MCA guidelines.

Read more: https://togglenow.com/blog/expert-tips-for-aligning-your-sap-system-with-mca-requirements/

[allaboutforexworld]

Success and Failure in Forex Trading

Forex trading, or foreign exchange trading, is a challenging yet potentially rewarding endeavor. Traders enter the market with hopes of achieving financial success, but the path is often fraught with both triumphs and setbacks. Understanding the factors that contribute to success and failure in forex trading is crucial for any trader aiming to navigate this volatile market…

[karan777]

[mitsde123]

Boost Your Career with an Online PGDBA in Finance Management

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[smartfx]

Strategic Risk Management Essentials

3 min read

“Explore how strategic risk management can shield your business from the unexpected and steer you towards greater stability and success.”

Understanding the Scope of Strategic Risk Management

Strategic risk management is a holistic approach that identifies, assesses, and mitigates risks that could impede an organization’s ability to achieve its objectives. This encompasses a wide range of potential risks, including financial, operational, reputational, and strategic uncertainties. By understanding the breadth and depth of these risks, companies can better prepare for potential challenges and capitalize on opportunities for growth.

Moreover, strategic risk management is not a one-time event but an ongoing process that evolves with the business landscape. It involves continuous monitoring of the internal and external environment to detect early signs of emerging risks. This proactive stance enables organizations to adapt and respond swiftly to changes, ensuring long-term resilience and competitive advantage.

Key Components of an Effective Risk Management Strategy

An effective risk management strategy is built on several key components. First, it requires a clear understanding of the organization’s risk appetite, which defines the level of risk the company is willing to accept in pursuit of its objectives. Second, it involves the identification of potential risks through various methods such as risk assessments, audits, and stakeholder feedback.

Third, risk prioritization is crucial, enabling the allocation of resources to manage risks that pose the greatest threat to the organization’s goals. Fourth, implementing risk management strategies such as diversification, insurance, or contingency planning is essential to reduce the impact of risks. Lastly, continuous monitoring and review of the risk management framework ensure that it remains effective and aligned with the organization’s evolving objectives.

Integrating Risk Management into Corporate Strategy

Integrating risk management into corporate strategy is vital for aligning risk-related decisions with the organization’s overall direction and goals. This integration ensures that risk management is not an isolated function but is embedded in all strategic planning and decision-making processes.

Effective integration can be achieved by involving key stakeholders in risk discussions, ensuring that risk management considerations are included in strategic planning sessions, and by using risk-adjusted performance metrics to drive accountability and performance. By doing so, organizations can create a strategic advantage by anticipating and managing risks more effectively than their competitors.

Technological Tools for Enhancing Risk Management

Advancements in technology have provided a plethora of tools that can significantly enhance an organization’s risk management capabilities. These include data analytics and business intelligence platforms that enable the analysis of large volumes of data to identify patterns and predict potential risks.

Additionally, software solutions for risk assessment and monitoring can automate many of the time-consuming processes involved in risk management, increasing efficiency and accuracy. Artificial intelligence and machine learning are also emerging as powerful tools in risk identification and decision-making, offering the ability to process and analyze information at a scale and speed beyond human capability.

Cultivating a Risk-Aware Culture in Your Organization

A risk-aware culture is one where employees at all levels understand the importance of risk management and are empowered to identify and address risks. Cultivating such a culture involves regular training and communication, encouraging openness about discussing risks, and rewarding risk-aware behavior.

Leadership plays a critical role in fostering a risk-aware culture by setting the tone at the top, demonstrating a commitment to risk management, and integrating risk considerations into everyday business activities. When risk management becomes a part of the organizational culture, it improves the likelihood of early risk detection and effective management, contributing to the overall health and success of the company.

[suchi05]

SAP GRC Access Control | SAP AC Implementation | SAP AC Support | SAP GRC Tool | ToggleNow

ToggleNow specializes in optimizing SAP Access Control to increase your organization’s security and compliance. With extensive experience, we possess a profound understanding of its capabilities and evolution.

Beyond standard implementations, our expertise lies in leveraging SAP Access Control’s features to automatically detect, remediate, and prevent access risk violations, reducing compliance costs significantly. We excel in crafting tailored rule libraries for seamless integration with platforms like SuccessFactors and ARIBA, ensuring your organization maximizes the potential of SAP Access Control while minimizing limitations. Partner with ToggleNow to enhance your organization’s security and compliance measures effectively.

Read more: https://togglenow.com/services/sap-access-control/