Overview

8.0 Credits
ONLINE

Whether you are a seasoned CFO or a staff professional, we all want to enhance our skills and become more effective. We discuss four improvement methods, including getting the most from the sales function, how CFOs can (and should) deliver much more value, new skills to develop, and how to find the time to do this. We also review the value of sustainability, ESG reporting, and measurement. A newer technique that adds value to our role so we can become even more effective. Each of these four topics will help you truly deliver more value.

Objectives

  • Understanding the process to determine the cost of quality within your organization. Why does quality matter? Why is quality so valuable?
  • To have a better understanding of the various external and internal risks present today and expected tomorrow - and to understand methods to mitigate risk
  • Review insurance law and discuss issues regarding the selection of insurance policies. What is valuable to know about insurance exceptions and exclusions?
  • How to successfully implement ERM and integrate it into everyday business practice

Major Topics

Quality is Free – But How Do We Measure the Cost?

Customers demand quality. We expect quality in what we do and in what we consume. In 1985, Philip Crosby told us that quality is free. We will examine Crosby's statement and look at the four aspects of the cost of quality – prevention, appraisal, internal failure, and external failure. What are the true costs associated with each of these elements? How do we determine the way in which each aspect can be measured? We will test the adage that an ounce of prevention is worth a pound of cure to see if this 16:1 relationship holds true. Quality matters, and we need to know how to evaluate the true cost of quality and the value.

Understanding and Mitigating External and Internal Risks: How?

Risk is everywhere, but which risks matter? In the dynamic landscape of modern business, the role of a Chief Financial Officer (CFO) extends far beyond financial management. It encompasses navigating an array of external and internal risks that can impact organizational performance and sustainability. This seminar will empower professionals with the foresight and practical tools needed to understand, anticipate, and mitigate both external and internal risks. We must be aware and anticipate. If we do not adequately prepare, the organization will be exposed to avoidable and onerous risk. This course is essential for leaders and organizations that want to survive and thrive.

Insurance – How to Manage Your Insurance Program

At its core, insurance is risk management. What insurance does the organization need? What types? What limits should we buy? How large a deductible should we accept? What is the difference between a deductible and a self-insured retention? What do I need to know about insurance contracts? What should I expect of my insurance broker? What coverage is available and what do I need to buy? This is specifically designed for any leader responsible for insurance and risk. The insurance function is critical to the ongoing viability of an organization. We will review a practical approach to managing insurance.

Effective Implementation of Enterprise Risk Management

Many have tried to implement ERM, and many have failed. This seminar will provide a route map of how to implement an effective ERM program without disrupting the organization by building ERM practices into everyday management and planning.

 

Prerequisite

Preferably management accounting experience, or at least six (6) months of professional financial statement analysis experience.

Advanced Preparation

Experience preparing or reviewing accounting processes and reports. Experience preparing or reviewing financial performance reports. Experience working with internal clients or external clients and business leaders. Bring a laptop.

Sessions

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Friday, October 17, 2025

General Sessions
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