The AMA Handbook of Financial Risk Management

Preface

Managing financial risks is all about understanding how to reduce a complex business environment to workable concepts and models. Everything starts with risk. If the risk from a business operation is not acceptable, the analyst does not have to know financial management. But how do you know whether the risk is acceptable if you do not gather a few facts, make a few assumptions, and run some numbers that will give you a picture of risk and return?

The AMA Handbook of Financial Risk Management provides the tools for dealing with what are arguably the most important areas of financial decision making. In a broad risk management framework, every decision involves an exposure and an opportunity. This is a lesson from the emerging concept of ...