Compare and contrast the way in which these problems were dealt with by the companies| Accounting paper
Relevent to business risk management
ACCT5919 – Individual paper Question
The Management group of your company is proposing to develop a manual, for internal use, the purpose of which is to train staff in areas of major risk, so that your company can avoid experiencing similar failures in risk management procedures. Management are aware that you have recently completed a course in business risk management, and have asked you to prepare a case study for inclusion in the manual covering one of the following six cases or another case of your choice (see below):
Company/Incident
Fukushima Daiichi
BP
The sinking of the Sewol Ferry CBA
Volkswagen Samsung
OR a Case Study of your choice* Another
The Risk Event – Nuclear disaster
– The Oil Spill in the Gulf of Mexico – The South Korean Ferry Disaster
– Failures in corporate governance – Engine emissions scandal
– Samsung Galaxy Note 7 recall
* If this option is chosen the case must receive prior approval from your supervisor (Course Presenter) based on a brief written proposal (of one (1) to two (2) A4 pages) submitted no later than the 10th August 2018 in hard copy or via email. Ensure that your email address is included to facilitate correspondence.
If you chose to complete a report on one of the six cases listed above you do not need to submit the proposal referred to above, simply submit your report by the due date.
The Project
Management has agreed the following specific tasks after discussions with you:
Describe the facts surrounding the case. Material for the analysis of the case should be drawn from the details of the case as reported in the press, internet, or other sources such as books and journals, and should be fully referenced.
You are required to identify at least two, and at most three, risk management issues illustrated by the case. Compare and contrast the way in which these issues were dealt with by the firm(s) involved with material presented in the course or other reference material dealing with the concepts or issues that the case illustrates. In your report you may also assess the effectiveness with which the crisis, created as a result of the failures in risk management evident in the case, were managed.
Management believes that the quality of this material will not be judged on the number of concepts or issues illustrated by a particular case study but on how well each concept or issue is illustrated. Therefore greater depth in the assessment of the risk management issues rather than breadth is required. Indeed, some of the management team argued that each case should only illustrate one or two concepts or issues at most, but finally agreed that two or there is acceptable.
Prepare a report as specified below.
The Report
Your report should contain the following sections:
Executive Summary: A concise review of the report including major findings and conclusions. This should be no more than one (1) A4 page. This section is allocated 4 marks out of 30.
Introduction and Aims: Outline the aims of the analysis and discuss the approach you have taken to develop your case material. Make explicit the criteria that you have used in choosing the risk management issue(s) identified in the case. This should be no more than one to two (1-2) A4 pages. This section is allocated 3 marks out of 30.
Case Study: This section should include the full text of your case study includes the facts of the case and your analysis, and in particular why the risk management issues examined in the case occurred. This section should be no more than six (6) pages. This section is allocated 12 marks out of 30.
Conclusion and Recommendations. Identify the lessons that can be learned from the case, your conclusions and the nature of any control procedures and/or risk treatment systems that you recommend should have been implemented or where failures occurred and give the reasons for your recommendations. This section should be no more than four (4) A4 pages. This section is allocated 9 marks out of 30.
References: Please list the sources you have consulted for the completion of the report. This section is allocated 2 marks out of 30.
Management has specifically asked that case studies stay within the length limit and be no longer than ten (10) to eleven (11) single sided A4 pages (size 12 font, one and a half line spacing) excluding the cover page, the reference list and any attachments, unless prior approval is obtained. Longer case studies should be negotiated with your supervisor (course presenter).
Grading
In grading the report marks will be allocated for each of the above sections of the report as above. Creative and innovative work will be rewarded. In particular in assessing the case study the assessment will consider the extent to which the case study effectively links the facts of the case to the risk management issues that have identified, and the extent to which the conclusions and lessons highlight better ways of addressing and managing the risk management issues identified.
General
The report should submitted by 5.00pm on Monday 9 April 2018 via Turnitin and include a cover page (DO NOT use the cover page template) indicating your name and student number. The cover page is not included in the page length restrictions for the assignment set out above.
In addition to submission of a via Turnitin on 3 September 2018, individual assignments, including a completed cover sheet template, must be submitted in hard copy at the start of class week commencing 3 September 2018.
Submission procedures are also set out in the Course Outline.
Project does not have any attached files
