Surgent's Controllership Skills Update: Risk Management (Webinar)
Friday, March 6, 2020
Accounting - Technical (1.0)
Business Management & Organization - Non-Technical (1.0)
, CMA, MBA
American Institute of Certified Public Accountants
Standard member fee
Standard nonmember fee
to receive member fee.
The most recent recession and its fallout, weather (look at 2017), process and product failures, and unethical behavior have again highlighted failures by numerous organizations in identifying and managing risk. The size and reputation of organizations proved not to be the key to success. Again, we saw that failures can result in areas/industries thought to be "under control" through their policies, practices and/or regulations. A core activity of financial management is to effectively protect the assets of their organizations, without significantly reducing new ideas and growth. This brief program provides insights and approaches to identify risk and manage the above noted trade-off. The course is designed for financial managers looking to quickly build upon their existing knowledge and experience, as well as to help to start the less experienced individual. It offers ideas that can be used immediately, as well as longer term approaches. Updated to include new information particularly in the areas of Disaster Planning, Business Continuity and Ethics, as well as a sample group exercise to test your current risk management systems.
Who should take this program?
Public, private, and non-profit organizations and their members - CFOs, CEOs, controllers, auditors, and managers
Rethinking Risk Management: Historic view, Challenges, Rules, Recent lessons, Required skills
Sources of Risk: Economy, Competitors, Operations, Investments, Strategy, Compensation, Routine practices, Unethical behavior
Enterprise Risk Management (ERM): Defining ERM, Areas of focus, Implementation, Planning for disasters, Business continuity, Contingencies
Analytical Tools: Post-completion evaluations, Simulation, Z-score, Hedging, Brainstorming Mind mapping, Delphi technique
Understand the sources of risk and potential actions/behavior that may hide them
Gain up-to-date knowledge of risk management and build upon and improve existing practices
Recognize actions/steps that can result in measurable benefits to an organization
Become familiar with the process of Business Continuity Planning
Identify and discuss analytical tools and areas for further investigation
NASBA ID#: 103212
Group Internet Based
Experience and/or exposure to financial management