2012年ACCA《P1专业会计师》备考复习指导31

2012年ACCA《P1专业会计师》备考复习指导31
Impact of risk to stakeholders
Risk to shareholders
　　<1> Impact of risk:
　　Decline in market price of share, reduction in their investment, lost of income from dividend and long term capital gains
　　<2> Control of risk:
　　a.Some shareholders will, for the chance of higher returns, be prepared to bear greater risks
　　b.Other may prefer security of their investment therefore they are more risk averse
　　c.Shareholders have the power to remove management
Risk to Debt providers and creditors
　　<1> Impact of risk:
　　Loss of loan and interest, payment delay
　　<2> Control of risk:
　　a.Denial of credit or higher interest charges,
　　b.Applying restrictive covenants,
　　c.Requiring company to meet certain financial criteria,
　　d.Providing security in the form of assets mortgage or director’s personal guarantees,
　　e.Putting the company into liquidation
Risk to employees and managers
　　<1> Impact of risk:
　　Loss of remuneration and job security, low job satisfaction and motivation, less opportunity of train and promotion, unclear career path, threats to personal well-being, health and safety issues.
　　<2> Control of risk:
　　a.Risk avoidance through legislation
　　b.Risk transfer through insurance
　　c.Risk reduction through compensation of good pay and working condition
　　d.Pursuing of own goals rather than shareholder interests
　　e.Refusal of cooperation or resignation