კონფერენცია

∘ Ana Tsulaia ∘ Levan Mikava ∘
EVALUATION AND NEUTRALIZATION OF FINANCIAL RISKS IN THE CONDITIONS OF MODERN CHALLENGES

Summary

Business process risk management refers to the process that identifies, evaluates and responds to risks arising in the course of business activities. Its function is to reduce the probability of occurrence of negative events and the negative consequences caused by them to a minimum, the severity of the consequences and to ensure the continuity of business activities in case of their occurrence.

Any activity is associated with various risks, which have a great impact on the activities of business entities. The largest part of these risks is financial risk - this risk is related to the danger of unexpected failure or loss of expected profit, income, cash. The article discusses the financial risk management policy as part of the overall financial strategy of the enterprise and one of the prerequisites for the financial stability of the company.

Keywords: Risks, risk management, financial risks.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Ana Tsulaia ∘ Levan Mikava ∘ EVALUATION AND NEUTRALIZATION OF FINANCIAL RISKS IN THE CONDITIONS OF MODERN CHALLENGES Summary Business process risk management refers to the process that identifies, evaluates and responds to risks arising in the course of business activities. Its function is to reduce the probability of occurrence of negative events and the negative consequences caused by them to a minimum, the severity of the consequences and to ensure the continuity of business activities in case of their occurrence. Any activity is associated with various risks, which have a great impact on the activities of business entities. The largest part of these risks is financial risk - this risk is related to the danger of unexpected failure or loss of expected profit, income, cash. The article discusses the financial risk management policy as part of the overall financial strategy of the enterprise and one of the prerequisites for the financial stability of the company. Keywords: Risks, risk management, financial risks.