Surgent's Controllership Skills Update: Risk Management

Course Details

Date

Tuesday, April 15, 2025

1:00pm – 3:00pm (Registration: 3:02pm)

Location

Online

CPE Credit

2 hours CPE credit

Level of Knowledge

Update

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Experience and/or exposure to financial management

Description

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.

Highlights

  • 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

Objectives

  • 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

Designed For

Public, private, and non-profit organizations and their members - CFOs, CEOs, controllers, auditors, and managers

Course Pricing

WYOCPA Member Fee
$99.00

Non-Member Fee
$129.00

Your Price
$129.00

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