Financial risk management in higher education involves identifying, assessing, and managing the risks associated with financial activities, such as budgeting, investments, fundraising, and debt management. This process involves analyzing the potential impact of various financial risks, developing strategies to mitigate those risks, and monitoring and adjusting those strategies over time.

Effective financial risk management can help higher education institutions maintain financial stability, meet their financial obligations, and achieve their strategic goals. It can also help institutions to build resilience and adaptability in the face of uncertain economic and market conditions.

• Classify the main components of asset and liability management

• Forecast financial risk and describes its various types

• Identify the key issues between financial risk and crisis management

• Financial Risk Management Terminology Sheet 

• Building World-Class Universities: Different Approaches to a Shared Goal. (2013). Germany: SensePublishers.