Risk Assessment (LIVESTREAM) (LIAA17/22)
Gone are the days where the CFO simply manages the preparation of financial statements for the organization. Now, more than ever, CFO’s are responsible for other operational parts of the organization, including risk management. This course is a how to guide for CFO’s that are being asked to take on the role of risk manager for their companies. We will explore how to measure and score risks in an organization. We also explore common insurance terms and commercial insurance policies, as well as how to take control of managing internal risks through non-insurance methods.
CFO’s & Controllers who are involved in the risk management process.
- State the difference between traditional risk management and enterprise-wide risk management.
- List the elements of a good risk register.
- Compute risk scores using factors of frequency and severity.
- Recognize the difference between risk control and risk financing measures.
- Identify the key terms of your insurance policy.
- Name the types of insurance policies that may be applicable to your organization.
- State the non-Insurance methods of mitigating risk within an organization.
- List best practices to follow when terminating employees.
- Identify succession planning issues in an organization.
- Why risk management?
- Risk Basics
- Traditional Risk Management vs. ERM
- Developing the Risk Management Process
- Elements of a Good Risk Register
- Risk Control vs. Risk Financing
- Common Insurance Terms
- Sections of the Insurance Policy
- Common Business Insurance Policies
- Employee Termination –Best Practices
- Succession Planning Documents
- Key Person Life Insurance
- Buy-Sell Agreements
- Other Succession Planning Consideration