CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Enterprise Risk Management: Practical Applications

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
10 Credits: Finance

Course Description

A well-run business needs to factor risk into its daily operations in order to keep from incurring unexpected losses. This course provides detailed guidance for doing so. Enterprise Risk Management describes the concept of risk management, how to identify risks, and how to prioritize the responses to these risks. The course also shows how to integrate risk management into an organization’s strategy and day-to-day operations, and who is responsible for it. The course addresses risk management at the level of the individual functional area, including treasury and accounting, sales and marketing, human resources, and information technology. There is coverage of contingency planning, insurance, financial analysis, and risk-related measurements and reports. Risk management is a major failing in many organizations; use the planning advice in this course to rise above the crowd.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Recognize the benefits of risk management, the circumstances under which an organization can retain risk, the characteristics of an enterprise risk management system, and the contents of an organization’s risk profile.

Chapter 2

  • Note the contents of a credit rating system, and the circumstances under which operational hedges, forward contracts, payment netting, call options, and interest rate swaptions are used.

Chapter 3

  • Identify the risk mitigation efforts that can benefit from centralized marketing management and product testing, as well as the tactics used to mitigate the risk of false marketing claims.

Chapter 4

  • Specify the uses of surety bonds, as well as the available risk mitigation alternatives for late deliveries.

Chapter 5

  • Recognize the alternatives available to reduce the risks of insufficient capacity.

Chapter 6

  • Identify the risk-related benefits of offering a richer benefits package to employees, as well as the options available for offsetting a decline in employee morale.

Chapter 7

  • Identify the uses to which multiple scenario modeling and internal audits can be put, as well as how to reduce the risk of issuing financial statements that contain errors.

Chapter 8

  • Recognize which risk can be reduced by the use of a hot site, and the risk represented by portable storage media.

Chapter 9

  • Specify the risk mitigation tactics related to political risk and alliance risk.

Chapter 10

  • Identify the employee notification systems that can be used in the event of an emergency, which forms of communication are the most effective, and which issues with employees may arise immediately after a disaster has occurred.

Chapter 11

  • Recognize the reasons why deductibles and co-pay are included in insurance contracts, the issues with all-perils coverage, and the circumstances under which reimbursement occurs under business interruption insurance.

Chapter 12

  • State how risk should be incorporated into analyses involving pricing, dividends, capital budgeting, and research & development.

Chapter 13

  • Identify the uses to which risk-related reports can be put, the types of leading indicators, and how to evaluate credit ratings.

Course Specifics

Course ID
3188020
Revision Date
November 30, 2018
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Enterprise Risk Management: Practical Applications

Expert Instructors
Format
CPE CREDITS
10 Credits: Finance

$290.00$320.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
10 Credits: Finance

Course Description

A well-run business needs to factor risk into its daily operations in order to keep from incurring unexpected losses. This course provides detailed guidance for doing so. Enterprise Risk Management describes the concept of risk management, how to identify risks, and how to prioritize the responses to these risks. The course also shows how to integrate risk management into an organization’s strategy and day-to-day operations, and who is responsible for it. The course addresses risk management at the level of the individual functional area, including treasury and accounting, sales and marketing, human resources, and information technology. There is coverage of contingency planning, insurance, financial analysis, and risk-related measurements and reports. Risk management is a major failing in many organizations; use the planning advice in this course to rise above the crowd.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Recognize the benefits of risk management, the circumstances under which an organization can retain risk, the characteristics of an enterprise risk management system, and the contents of an organization’s risk profile.

Chapter 2

  • Note the contents of a credit rating system, and the circumstances under which operational hedges, forward contracts, payment netting, call options, and interest rate swaptions are used.

Chapter 3

  • Identify the risk mitigation efforts that can benefit from centralized marketing management and product testing, as well as the tactics used to mitigate the risk of false marketing claims.

Chapter 4

  • Specify the uses of surety bonds, as well as the available risk mitigation alternatives for late deliveries.

Chapter 5

  • Recognize the alternatives available to reduce the risks of insufficient capacity.

Chapter 6

  • Identify the risk-related benefits of offering a richer benefits package to employees, as well as the options available for offsetting a decline in employee morale.

Chapter 7

  • Identify the uses to which multiple scenario modeling and internal audits can be put, as well as how to reduce the risk of issuing financial statements that contain errors.

Chapter 8

  • Recognize which risk can be reduced by the use of a hot site, and the risk represented by portable storage media.

Chapter 9

  • Specify the risk mitigation tactics related to political risk and alliance risk.

Chapter 10

  • Identify the employee notification systems that can be used in the event of an emergency, which forms of communication are the most effective, and which issues with employees may arise immediately after a disaster has occurred.

Chapter 11

  • Recognize the reasons why deductibles and co-pay are included in insurance contracts, the issues with all-perils coverage, and the circumstances under which reimbursement occurs under business interruption insurance.

Chapter 12

  • State how risk should be incorporated into analyses involving pricing, dividends, capital budgeting, and research & development.

Chapter 13

  • Identify the uses to which risk-related reports can be put, the types of leading indicators, and how to evaluate credit ratings.

Course Specifics

Course ID
3188020
Revision Date
November 30, 2018
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Enterprise Risk Management: Practical Applications

Expert Instructors
Format
CPE CREDITS
10 Credits: Finance

$290.00$320.00

Clear