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Managerial Risk Accounting and Control – A German perspective

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  • Winter, Peter

Abstract

Recent developments have sparked a renewed interest concerning risk related topics in nonfinancial companies. Risk management issues directly touch the domain of management accounting and control. In Germany, topics related to the support of corporate or enterprise risk management are commonly discussed under the label of “Risikocontrolling”, which will be translated as Managerial Risk Accounting and Control. However, the conceptual foundation of a risk oriented management accounting respectively managerial accounting for the purpose of decision-facilitation and decision-influence pertaining to risk management is neither well developed nor well diffused and integrated. Therefore, the development of special risk oriented management accounting instruments is considered necessary. The paper aims at giving an overview of the subject and development of “Risikocontrolling” in Germany as well as discussing the necessity and (measurement and behavioural) problems of managerial risk accounting. Finally, a proposal for the design of managerial risk accounting systems will be presented.

Suggested Citation

  • Winter, Peter, 2007. "Managerial Risk Accounting and Control – A German perspective," MPRA Paper 8185, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:8185
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    File URL: https://mpra.ub.uni-muenchen.de/8185/1/MPRA_paper_8185.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. Liem Tan Vo & Nhi Van Vo & Toan Ngoc Pham & Nguyen Ngoc Hien, 2023. "The Impact of Historical Performance and Managerial Risk-taking Propensity on the Behavior of Choosing Prospector Strategy and Using Strategic Management Accounting Information in Viet Nam Manufacture," SAGE Open, , vol. 13(4), pages 21582440231, December.

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    More about this item

    Keywords

    Controlling; Germany; Management Accounting; Risk; Risk Management; Risk Measurement;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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