Classification of financial risks of business activities

Abstract

It has been proven that entrepreneurial activity is always associated with risk. As a rule, operations with an increased level of risk bring the greatest profit. But, at the same time, as the level of risk increases, the threat of loss of financial stability and bankruptcy of the enterprise increases. It was determined that as an economic category, risk means the probability of unforeseen losses (reduction or complete loss of profit, loss of planned income, occurrence of unforeseen expenses, loss of part of income or all equity) in a situation of uncertainty in the conditions of financial and economic activity.