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In recent decades we've seen how non-financial risks such as operational, cyber, model, conduct, climate change and many others have grown exponentially both in their size and complexity. We've also seen how devastating unexpected losses can be for a business; they're a CEO's and CFO's worst nightmare. It's a frequently overlooked fact that an unexpected financial loss must have previously existed as an unquantified and unreported exposure to non-financial risk. It follows that if the threat of unexpected losses is to be minimized accountants and risk managers must refocus their methods and systems onto the quantification and accounting for non-financial risks. Risk Accounting explains, with worked examples, how this can be done. Risk Accounting transforms color-coded (traffic light) risk assessments into aggregatable and comparable cross-enterprise risk diagnostics and, through accounting for the financial impacts inherent in quantified non-financial risks, backward-looking accounting profit is upgraded to forward-looking sustainability as the primary accounting measure of corporate performance.
An insightful book for school leaders, it offers support to address the demands and pressures faced by leaders when they come into post. It provides guidance on becoming an Ofsted outstanding school and maintaining a high standard of leadership long-term.Peter Hughes, the CEO of Mossbourne Federation, explains his journey of breaking barriers in education and running one of the most successful schools in the country. By reflecting on his career, he offers up a blueprint for successful leadership in schools. The book provides a replicable framework of support for leaders throughout, and gives practical tips and examples of practices that are proven to work. The recurring themes of persistence, risk and motivation inspire the reader to understand what it means to be an exceptional school, and the examples and tips provided help the reader to walk away with actionable steps to sustain and build upon their own leadership skills.
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