The Journal of Accounting and Management, Vol 3, No 3 (2013)

Abstract

In the economic activity of any organization may appear times difficult to avoid and overcome, which may lead to the insolvency and ultimately bankruptcy. The many factors that generate business risk determines its manifestation in various forms such as market risk, economic risk, financial risk, risk of technological change, currency risk or bankruptcy risk. The purpose of risk analysis in organizations is revealing the factors acting on these types of risks, the size of their influence on the variability of results under the organization structure, reserves and measures to reduce and thus eliminate the risk. Proper financial planning is the key to success of any business presenting risks, and its absence is a key element in the failure of many economic organizations.