All companies, regardless of their size, ownership structure, activity they perform or any other determinant, face different types of business risks in their operations. Different authors diversify risks in different ways, but the risks inherent in all subjects: individuals, business systems, but also the state are the financial risks that are the focus of this paper. In order to be able to manage risks in a high-quality manner, it is necessary to recognize the ways of their manifestation, to become familiar with the sources and ways of their suppression, and to continuously monitor the business in order to be able to react in a timely manner to early signals that indicate potential risks. Practice has shown that those business systems that have a developed control system and an elaborate plan for responding to the occurrence of risks often turn financial risks into their gains. Therefore, in this paper, all the components of financial risks are defined and the methods that can be used to influence the detection and suppression of these risks are explained, which is an attempt to contribute to the systematization of the theoretical basis related to financial risk management.