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21WI-0609: Risk Management: Process, Techniques and Tools (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Friday, December 3, 2021
2:30pm - 3:30pm Central Time
1 CPE (1 technical)

Risk Management -- Process, Techniques and Tools -- early in the session, there is a discussion of routine events (Quick Test) to demonstrate that all activities contain risk. Some of these are: accounting practices, spreadsheets, SOPs, compensation, pensions, capital projects and travel. Specific techniques/practices are discussed to identify and manage risk in these and other areas. Suggested tools/practices include effective changes to compensation programs, contingency planning, diversification and post-completion evaluations (for capital projects). Since risk exists with every action, risk management cannot be just another activity. It must be part of an organization's culture. Therefore, the benefits of establishing and maintaining an ERM system are discussed, as are the steps to undertake this process. Throughout the session real-world events are used to show the need for such an inclusive approach to risk management. The use of analytical tools and techniques for managing specific situations are discussed in detail. These include: Z-Score, simulation/monte carlo analysis, hedging, brainstorming, mind mapping and Delphi technique.

Major subjects

  • N/A

Learning objective(s)

  • Determine the process of risk management
  • Identify recurring activities where improved risk management can provide significant returns.
  • Identify the basis for an enterprise risk management.
  • Identify several analytical tools that can be used to forecast.
  • Analyze selected idea generating techniques to help identify hidden risk.

Who should take this program?

CPAs, Controllers, Financial Managers

Fees

Our records indicate you are a nonmember. If you register, you will be charged $69.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $59.00
checkmark Standard Nonmember Fee $69.00

More program information

Instructor Jennifer Elder, CSP, CPA, CMA, CIA, CFF, CGMA, MS
Location Online
Area
of study
Management
Field(s)
of study
Management Services - Technical (1.0)
Level Intermediate
Format Group Internet Based
Sponsor AICPA
NASBA ID#: 112891
Prerequisites Prereq. Management experience in accounting, finance, or operations
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.