FINANCIAL RISK MANAGEMENT CERTIFICATION COURSE
Financial Risk Management Certification Course CPE Credits DIsclosure
Recommended CPE credit: 16
Recommended field of study: Financial Accounting
Program level: Advanced.
Advance preparation: None
Additional disclosure information
- Learn industry recommended financial risk management procedures and best practices.
- Receive training from a financial risk management professional with 30+ years of experience.
- Four ways to learn: public class, webinar, self-study, or on-site training.
- Public class and webinar limited to four students for maximum learning.
- Certificate issued on completion.
- Cost: Two-day class $1,399.00
- Available Discounts
What will I learn in the Financial Risk Management Certification Course?
In the Financial Risk Management Certification Course, you will learn industry best practices for preserving the economic value of a firm by using financial instruments to identify and analyze areas of potential risk threatening the assets, earning capacity, or success of a business. Similar to general risk management, financial risk management requires identifying its sources, measuring them, and creating a plan to address them.
Enterprise Risk Management
Organizations are faced with a wide variety of potentially adverse outcomes. Such outcomes are referred to collectively as risks in this module. The purpose of this module is to provide an examination of the essential elements of risk management as well as the concept of enterprise risk management (ERM). Enterprise risk management refers to a comprehensive, organization-wide approach to identifying, measuring, and managing the various risks that threaten the organization’s objectives.
ERM is pertinent to treasury professionals since the treasury function is typically responsible for some of ERM’s subcategories, such as financial risk management. In many organizations, the board of directors has a risk management committee that provides oversight to management regarding the identification and evaluation of ERM-related issues. Some organizations have also added the chief risk officer (or chief risk management officer), whose primary responsibility is ERM. The chief risk officer is typically accountable to the board of directors for the measurement, management, and reporting of risks faced by the firm. Published standards, including the International Organization for Standardization (ISO) 31000 standard (revised in 2018), provide a framework and process for managing enterprise risk.
This module begins with reviewing general risk management principles, including outlining the overall risk management process, policy, and oversight. The section is followed by a discussion of the various types of enterprise and operational risks, along with techniques for measuring risk such as Sensitivity Analysis, Scenario Analysis, Value at Risk (VaR), Cash Flow at Risk (CaR), and Monte Carlo Simulation. The module closes with a discussion of insurance as part of the risk management process by transferring risk via insurance, dealing with insurance providers and brokers, insurance risk management services, and risk-financing techniques, and a brief discussion of disaster recovery and business continuity plans.
Financial Risk Management
The previous module introduced a standard process for enterprise risk management, which involved identifying, measuring, managing, and monitoring risks. This module builds on that framework by discussing the primary tools and techniques used to manage financial risks.
In most firms, the treasury department is responsible for financial risk management. Since the treasury department is a clearinghouse for daily financial information, treasury professionals are well-positioned to understand and control a firm’s exposure to financial risks. For domestic firms, financial risk has traditionally been driven by interest rate risk. However, increased globalization and international trade have created a corresponding need to manage foreign exchange and commodities risk.
This module begins with an overview of financial risk management, including a discussion of the three primary areas of financial risk, interest rate risk, foreign exchange (fx) risk, and commodity/input price risk. Next, the derivative products, forwards, futures, swaps, and options used to hedge financial risks are described. Following this discussion, examples are provided that apply these derivatives to managing interest rate and foreign exchange risk. The module closes with discussing other issues pertinent to financial risk management, accounting and tax issues, and hedging policy statements.
Treasury Policies and Procedures
Organizations use policies to identify and describe key risks and establish essential limits, guidelines, accountabilities, and risk management practices. A policy guides activities in a particular area and establishes performance evaluation guidelines and process measurements. Meanwhile, a procedure is a specified series of actions or operations that should be executed consistently to achieve the desired results identified in the policy. In other words, procedures should follow the policy’s guidelines and are how the policy is implemented. Policies should be clearly stated and enforced, as they are the basic principles, often approved by the board of directors, by which an organization operates.
This module provides an overview of the role of treasury policies and procedures and key control considerations for treasury policies. It discusses the key elements needed in developing an effective policy statement, objectives and scope, developing the policy, policy approval, procedure development and implementation, and policy review, updates, and revisions.
The module concludes by providing a list of key treasury policies: liquidity management policy, bank account and financial services authority policies, payments policy, wire transfer policy, credit and collections policy, cash flow forecast\ng policy, short-term and long-term investment policies, investment valuation and impairment policies, payment card policies, merchant card policy, outsourcing policy, financial risk management policies, regulatory compliance policies, funding/financing policies, dividend policy, treasury systems policy, and cyber risk management policy, and the elements considered when developing them.
Additional Accounting Training and Treasury Courses
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In the Certified Treasury Professional © Training Program, students will learn the process of creating and governing the policies and procedures managing the cash, investments, and other financial assets of a business to optimize current and medium-term liquidity and make solid financial decisions involving invested and investable assets that ensure the company manages financial risk successfully to maximize owner’s or shareholder’s wealth.
In the Cost Accounting Training Course, you will learn the accounting process used for the recording, classifying, analyzing, summarizing, allocating, and evaluating all key costs, including inventory valuation, job costing, production process costing, standard costing, and fixed costs such overhead and depreciation of capital equipment, to enable management to consider various alternative courses of action and control of costs based on cost efficiency and company capability.
Print 🖨 PDF 📄 CPA CONTINUING PROFESSIONAL EDUCATION (CPE) CREDITS Learn in-person or online accounting/treasury best practices and earn CPE credits in one to five-day CPA continuing education classes. The Academy of Business Training, sponsor number CPE.00469, provides Continuing Professional Education (CPE) credits to meet the continuing education requirement for Certified Public Accountants. We comply with the Standards for Continuing
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