Money matters can be intimidating for even the smartest people If you have not picked up financial intelligence through your work or in the classroom you will easily be relegated to the sidelines However having a solid understanding of basic financial terms and methods is critical to your position as a Professional Today corporations and business owners want Professionals that are able to participate in financial discussions When terms like ROI EBIT and GAAP are used you'll want to know what people are talking about
Learning how your position and/or department affect the company bottom line will ensure that you can fully participate in the financial success of your company Securing your seat at the table means developing and continuing to exercise your ability to influence decisions and decision makers within your organization In this 2 day workshop you will be able to practice financial decision making and problem solving in a real life simulated environment Elshaddaiconsulting.net
Today's employers must be aware of the complex compliance issues relating to the proper classification of employees versus independent contractors.
The IRS plans to flag employers for audit should they issue both a 1099 and W-2 to the same identification number.
BEWARE! The IRS has also begun a coordinated effort of enforcement and sharing of
information with the DOL (Department of Labor) and the States. Join this informative webcast so that you will be prepared to recognize the unique differences between your employees and independent contractors.
Who Will Benefit:
Line senior executives responsible for company operations performance
IT and quality assurance professionals
Legal counsel officers that help develop agreements and service contracts
Purchasing and Procurement Executives
Legal Counsel Functions (Internal or External)
Corporate and Internal Audit Executives, Internal and Information System Auditors
Executives Dependent on Key Support Infrastructure Services, Such as IT and other business services
Contingency Planning and Emergency Preparedness Professionals that must specify SLAs
CIOs, CFOs, and any C-level Executive that Vitally Dependent on or that oversees Business Services
External Auditors and Consultants in Risk Management and Contingency Planning
Chief Risk Managers and Chief Security Officers (CSOs) and Professionals
Individual Responsible for Negotiating Outsourced Services
Compliance and Regulatory Mandate Officers/Professionals
Who Will Benefit:
Internal and external audit professionals
Accounting and audit practitioners
Senior financial management seeking to reduce their vulnerability to costly frauds
Compliance and ethics managers
CFO's/senior financial managers
Who Will Benefit:
AML/BSA officers and consultants
AML/BSA software developers
Risk and compliance management personnel
Regulatory compliance associates and managers
HIPAA Audit program – how it works
Fines and penalties for violations of HIPAA regulations.
The HIPAA Audit Protocol of 2012 along with the sets of questions asked at other HIPAA audits previously.
What HHS OCR is likely to ask you if you are selected for an audit, and what you'll have to have prepared already when they do.
The rules that you need to comply with and policies you can adopt that can help you come into compliance.
How having a good compliance process can help you stay compliant more easily.
What you'll need to have documented to survive an audit and avoid fines.
Factors which can facilitate identification of controls
Considering proactive, detective and responsive controls
Considering controls across following aspects - process, policies, human, technology and physical
Considering risks which may result from introduction of new controls
Assigning ownership of risks and controls
Assessing design and operating effectiveness of controls
Assessing residual risk exposure after assessing controls
Performing cost vs benefit analysis of controls
Monitoring efficiency and effectiveness of controls
Areas Covered in the Webinar:
Definition of Financial Statement Fraud
Common Reasons for Financial Statement Fraud
Red Flags to Look for in Fraudulent Financial Statements
Basic Understanding of How Financial Statement Fraud is Committed
Analysis used to Detect Financial Statement Fraud
Other Methods of Vetting Financial Statements
Who Will Benefit:
Investors and their brokers, money managers, etc.
Credit and collection department personnel
Financial institution compliance personnel
Banking compliance personnel
Gain a practical understanding of the Schedule M-3 reporting and disclosure requirements.
Learn about changes to Schedule M-3 reporting requirements for 2014 tax year.
Learn about how to complete Schedule M-3 for a parent-subsidiary consolidated group.
Understand how to identify and substantiate uncertain tax positions on the Schedule UTP.
Learn why it is important to “get the numbers right” when completing Schedules M-3 and UTP.
The vital role that financial intermediation plays in facilitating and promoting national and global economic activity by providing the means for making and receiving payments, for borrowing and lending, for effecting transactions, for insuring risks, and for raising capital and promoting investment
The increasing complexity and operational risk across financial systems.
The concentration of clearing and settlement processes in most financial systems.
Deepening interdependencies among financial industry participants within and across jurisdictions.
The recurring pattern of natural disasters or extreme weather conditions.
The possibility of terrorist or other malicious attacks targeted, directly or indirectly, at the infrastructure of the financial system.
A strong interest in maintaining public confidence in financial systems.
The objectives of this course is to provide professionals in the banking and financial sector with a sound foundation in the area of business.
Regulatory frameworks surrounding anti-money laundering
Objectives of an effective AML compliance program
Risk assessing your institution
Developing robust internal controls
Training for appropriate personnel
Expectations and duties of the appointed compliance officer
Effective audit program to ensure adequacy of your AML compliance program.
Learn how to conduct a risk assessment
Be able to design internal controls
Be able to evaluate and assess internal controls
Know what are key preventive and detective controls
Learn how good internal controls can reduce audit costs.
By using the RBIA approach, the organization’s internal audit should be able to conclude that:
Management has identified, assessed and responded to risks within and beyond the organization’s risk appetite
That the responses to risks are effective but not excessive in managing inherent risks within this risk appetite
Where residual risks are not in line with the risk appetite, action is being taken to remedy this
Risk management processes, including the effectiveness of responses and the completion of actions, are being monitored by management to ensure they continue to operate effectively
Risks, responses and actions are being properly classified and reported.
Which organizations should attend?
Asset management firms' representatives
Other financial institutions
Who should attend the Course?
Operational Risk Managers
Staff with roles and responsibilities in operational risk in risk management departments, businesses and central departments
All front-, middle- and back-office staff in operational roles
This course is not restricted to management staff alone but to all staff who are required to be “Operational Risk” aware.
Know how to review and evaluate policies and procedures for risk assessments
To provide instruction on how to determine your organization’s risks
How to determine your organization’s risk threshold based on the organization’s strategic plans and business models
To discuss how to conduct a comprehensive review of your current organization’s BSA/AML/OFAC risk assessment, including
Determining completeness of the risk assessments
Determining the thoroughness of risk assessments
Determining if current risk assessment matrixes are appropriate for your organization
To discuss how to establish risk assessments for your organization, specifically:
BSA risk assessments
AML risk assessments
OFAC risk assessments
To discuss how to perform the risk assessments
To provide instruction on periodically reviewing risk assessments to determine if they are still relevant, appropriate, and adequate
To discuss implementing the BSA/AML/OFAC risk assessment program at your organization.
How to determine the risks for your organization – how to get started on the ERM journey.
How to weight risk to determine the key risks – not all risks are created equal.
How to develop a common risk language – ERM has a language that needs to be customized for your organization.
How to determine risk appetite – learn the steps for establishing your organization’s risk appetite.
Which is the appropriate risk framework for your organization – evaluate the different risk frameworks.
How to develop and prioritize a risk portfolio – develop an ERM heat map.
How to develop your management’s risk tolerance – a tactical consideration for your ERM journey.
Who is responsible for the risk – what are the roles of the Board of Directors, Executive Management, Chief Risk Officer and Internal Audit
How to decide to avoid, accept, reduce or control a risk – how do you respond to the risks identified.
The appropriate risk monitoring and reporting processes .
If you are looking for answer of these questions, you would certainly benefit by attending this seminar:
Are you a new or current small business owner who would like to ensure your business is organized to protect your assets and maximize your potential financial returns?
As a non-accountant, are you unsure how your books should be kept?
Do accounting concepts seem like a foreign language?
Do you want to save on taxes, and make sure you are in compliance with tax laws?
Do you want to understand what you should expect from the person that prepares your income tax returns and plans your tax strategies?
This class is for anyone serious about improving their working capital management skills. Learn industry recommended working capital management procedures and best practices in a small class setting taught by an experienced business professional.
This course is part of the Certified Treasury Professional training.
This program presents and discusses all of the various aspects of treasury management. It covers the generally accepted principles and practices used to manage a firm's liquidity, capital, and risk management functions. As such, it also represents the body of knowledge that needs to be mastered to earn the Certified Treasury Professional (CTP) credential.
Students must complete the following courses:
CTP 101 Introduction to Treasury Management
CTP 201 Working Capital Management
CTP 301 Risk Management
CTP 401 Financial Management
To receive certification in Small Business Bookkeeping students must complete the following ABT courses:
CSBB 101 Bookkeeping
CSBB 201 QuickBooks
CSBB 301 Accounts Payable
CSBB 302 Accounts Receivable
CSBB 401 Payroll Management