2.How do the three key activities of the financial manager relate? 3.What is the main goal of the financial manager? How does the risk-return trade-off relate to the financial managers main goal?

What are the behavioural aspect of participation of a management accountant in the budgeting process.

Read Chapter 6, Strategic Risk Management at the LEGO Group, starting on page 93. Review the corporate culture and solutions and history of LEGO Group again. Then answer the questions below and submit your answered document to this dropbox. What are the advantages of integrating ERM with strategy and strategy execution as described in this case? How does scenario analysis as described in this case help an organization to prepare for uncertainties? What are the advantages of using the PAPA model to categorize risks? How would you describe the “Strategic Risk Management Return on Investment” at LEGO?

A number of tools and techniques have been used under management accounting to help management in achieving the desired goals. As a management accountant, justify the statement.