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Managerial Risk Accounting and Control - A German Perspective

24 Pages Posted: 7 Apr 2008  

Peter Winter

University of Mannheim - Department of Business Administration, Management Accounting and Operations Management

Date Written: August 21, 2007

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.

Keywords: Controlling, Germany, Management Accounting, Risk, Risk Management, Risk Measurement

JEL Classification: M40, M41, M46

Suggested Citation

Winter, Peter, Managerial Risk Accounting and Control - A German Perspective (August 21, 2007). Available at SSRN: https://ssrn.com/abstract=1117205 or http://dx.doi.org/10.2139/ssrn.1117205

Peter Winter (Contact Author)

University of Mannheim - Department of Business Administration, Management Accounting and Operations Management ( email )

Schloss
Mannheim, 68131
Germany

HOME PAGE: http://hoitsch.bwl.uni-mannheim.de/

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