Surgent's Controllership Skills Update: Risk Management
Overview
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.
Delivery Method: Individual webcast
CPE Credit: Accounting, Business management & organization
Program Level: Update
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.
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
Prerequisites
Experience and/or exposure to financial management
Designed For
Public, private, and non-profit organizations and their members - CFOs, CEOs, controllers, auditors, and managers
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
Preparation
None
Leader(s):
Leader Bios
Anthony LaRusso, AICPA
Anthony “Tony” LaRusso, MBA, CMA, has over 30 years of experience in industrial and service organizations. During his career he has held senior level management, operating and staff positions, including as president of companies with annual sales of $500 million consisting of domestic and international facilities. Tony has also held senior level positions in finance, planning and business development, as well as being a board member in start-up companies. Prior to retiring, during 2003, he was the president of a major division in an international company. Tony was an adjunct professor of management for 20 years and has written numerous articles on a variety of business topics. He is a member of several professional organizations, has spoken at annual meetings, programs at universities and served as an officer in trade associations. Tony also has had two books published: “Management: Ready Aim Fire” in 2005 and “Practical Financial Decision Making” in 2011. His biography is included in several publications by “Who’s Who.” In addition, since retiring from full-time employment, he has lectured in 35 states including at major corporations, conducted consulting activities and managed real estate investments for a family company. Tony has developed and written courses for the American Institute of CPAs (AICPA), was a reviewer for a new book and authored an article “How to Avoid Tunnel Vision.”
Non-Member Price $104.00
Member Price $99.00