Skakalskyi Y. The controlling of enterprise financial risks

The dissertation is devoted to the theoretical foundations and methodological approaches to financial risk controlling in order to improve the efficiency of financial and investment decision-making. Classification of business risks based on projections of the Balanced Scorecard (BSC) was represented. The definition of financial risk and its dualism were defined more accurately. Essence of financial risk controlling was determined and its strategic direction emphasized. Modern approach to enterprise risk-management was compared with key national and international enterprise risk-management standards. The barest necessity of using behavioral features in the initial identification of enterprise financial risks was argued. The enterprise financial risk assessment model based on Value at Risk (VaR) methodology was implemented. The analysis and evaluation of major non-systematic financial risks were conducted. An approach to strategic financial risk management based on balanced scorecard was proposed. Administrative approach to operational management of market risks based on modeling the net income at risk was sustained. The ways to improve the information support of management decision-making based on risk-based internal audit were designated.