Reference no: EM13863758
Assignment: Assets and Risk Management
In order to successfully manage risk, one must understand risk itself and the assets at risks. The way one goes about managing risk will depend on what needs to be protected, and from what to protect it.
Write a three to four (3-4) page paper in which you:
Explain at least two (2) different risk assessment methodologies.
Describe the key approaches to identifying threats relevant to a particular organization.
Describe different types of assets that need protection.
Explain the relationship between access and risk, and identify the tradeoffs of restricting access to the organization's assets.
Use at least two (2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow
APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Describe the components of an effective organizational risk management program.
Use technology and information resources to research issues in IT risk management.
Write clearly and concisely about topics related to IT risk management using proper writing mechanics and technical style conventions.
|
Prepare the journal entry to amortize the patent
: Tandem Industries purchased a patent on January 1, 2014, for $2,000,000. The patent's legal life is 20 years but the company estimates that the patent's useful life will only be 5 years from the date of acquisition. On June 30, 2014, the company paid..
|
|
Using the straight-line method of depreciation
: Garbo Company acquired equipment on January 1, 2013 for $70,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-y..
|
|
How would you plan for a company divisional capabilities
: How would you plan for a company's divisional capabilities? How does one plan to address divisional limitations? What methods may be used to fill gaps between capabilities and limitations
|
|
What is the net present value of the investment of machine
: A company is considering the purchase of a new machine that will cost the company $30,000 and will be worth zero at the end of 3 years. Their current tax rate is 20% and they will depreciate the machine $10,000 over the next 3 years. The cost of capi..
|
|
Identifying threats relevant to a particular organization
: Explain at least two different risk assessment methodologies - describe the key approaches to identifying threats relevant to a particular organization.
|
|
Potential responses to financial statement level risks
: In designing further audit procedures, the auditors should assess the risks of material misstatement of the financial statements. Describe the auditors' general approach to such risk assessment. Identify potential responses to financial statement lev..
|
|
What is projected net cash flow
: When you first start out, you can expect sales to be well below 1,000 cups daily. what is your projected net cash flow if you only sell 300 m medium cups of coffee daily (m-f) at $3.50 per cup and have expenses of $6,000 for the week?
|
|
Prepare dressers adjusting entry
: Dresser Company’s weekly payroll, paid on Fridays, totals $8,080. Employees work a 5-day week. Prepare Dresser’s adjusting entry on Wednesday, December 31, and the journal entry to record the $8,080 cash payment on Friday, January 2.
|
|
Compute service revenue and operating expenses
: Kelly Company had cash receipts from customers in 2014 of $150,220. Cash payments for operating expenses were $97,860. Kelly has determined that at January 1, accounts receivable was $13,810, and prepaid expenses were $18,340. At December 31, account..
|