EMT105 Financials and Risks Management Activities for Events Assignment Example Singapore

Students in Singapore who want to pursue management programs can consider pursuing modular undergraduate courses like Financials and Risks Management Activities for Events having a course code of EMT105.

This part-time undergraduate program is of duration 6 months. Singapore University of Social Sciences also abbreviated as SUSS is there to provide quality education and training on the course curriculum. The language of communication is used to impart training and education to the students in English.

This write-up is an assignment sample and it discusses the course, the topics that are included in the course as also the learning outcomes that are associated with the course.

This write-up also provides information to the students about how the latter can get access to high-quality academic assignment writing services to further their academic and professional interests.

About EMT105 Financials and Risks Management Activities for Events Course

The course (EMT105 Financials and Risks Management Activities for Events) is a level 1 course that is offered to management students at the Singapore University of Social Sciences (SUSS). The credit units that are associated with this course are 5.

The course in context provides the students, know-how on why financial skills are a vital requirement for an event manager. The course has an objective to guide the students so that they can better comprehend budgeting concerning an event organization as also operations.

The course also covers risk detection and risk management strategies. It also discusses risk responses for events.

Topics covered in  the EMT105 Financials and Risks Management Activities for Events course

This section of the assignment sample highlights the topics that are part of the course curriculum.

Following topics are discussed as part of the course curriculum (EMT105 Financials and Risks Management Activities for Events):-

• Financial terminologies
• Events finance planning
• Financial controls and planning
• Allocation and preparation of budgets
• Suppliers and contractors
• Comparing budgeted and actual performances
• Feasibility studies for financials management
• Risk and plan analysis
• Types of risks
• Assessment of risks
• Risk responses
• Risk management

Know more about the contents of the course by referring to the course on EMT105 Financials and Risks Management Activities for Events.

learning outcomes of EMT105 Financials and Risks Management Activities for Events course

This section of the assignment sample highlights the various outcomes of learning the course on EMT105 Financials and Risks Management Activities for Events.

Following are the course learning outcomes that are discussed below:-

What are the important financial terminologies used in events?

Important financial terminologies include finance, financial statements, and fixed assets. Finance is a term that is used for money used in funding a business.

Financial statements are a summary of the financial condition of a business. They can include profit and loss, cash flow statements, and balance sheets. Fixed assets are assets that are utilized for running a business.

Like this, other financial terminologies are used concerning events. These financial terminologies help the students to get an understanding of the subject.

The course on EMT105 Financials and Risks Management Activities for Events provides the readers and audience about such terms. Read the course to know more in this regard.

What is the significance of event financial planning?

Events financial planning is all about predicting the financial outcomes of events. In this context, the budget that is associated with events is a forecast about the expenditures and incomes incurred by the event based on information collected and plans made.

In this context, it is relevant to say that predictions of the event’s financial outcomes require taking place at the early planning stages. The course on EMT105 Financials and Risks Management Activities for Events also discusses the significance of events financial planning.

Discuss the risks and risk assessments applicable for events

There can be different types of risks associated with events. In this context risk assessments is the method of estimating the damages that are caused by financial hazards.

Risk assessments help to understand the risk ratings. By understanding the risk levels the organizers of events can set priorities on risks. The course in context discusses elaborately the risk types as well as risk assessments for events.

Evaluate the suppliers and contractors profiles required for running successful events

The course in context highlights the ways and means by which the profiles of contractors and suppliers required to run successful events can be assessed and evaluated.

Discuss the budget concerning actual performances using proper evaluation strategies

The course discusses financial planning. It helps the readers and audience of the course to know the budget required for financial planning. The course also helps the management students to comprehend how the budget is prepared to keep in consideration actual performances utilizing appropriate evaluation strategies.

Display of the various steps for risk responses

There are as many as 5 risk response strategies and they are 1) avoidance, 2) prepare and monitor, 3) acceptance, 4) transference, 5) mitigation. The course on EMT105 Financials and Risks Management Activities for Events helps the readers and audiences to know the various steps for risk responses.

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