Table of Contents
Chapter 1 - The Controller Job
Description
The Controller Job Description
The Chief Financial Officer Job
Description
Overview of the Bank Reconciliation
The Bank Reconciliation Procedure
The Bank Reconciliation Statement
Negative Cash on the Balance Sheet
Chapter 3 - Credit and Collections
Management
Credit Terms and the Cost of Credit
Other Cash Acceleration Techniques
The Allowance for Doubtful Accounts
Credit and Collection Controls
Chapter 4 - Billing Management
Sales Tax Exemption Certificates
Chapter 5 - Inventory Management
The Perpetual Inventory System
How to Set Up Inventory Record
Keeping
The First In, First Out Method
Accounting for Obsolete Inventory
Chapter 6 - Fixed Assets Management
RFID Tracking Active Transmission
RFID Tracking Passive Transmission
Controls for Fixed Asset Acquisition
Controls for Fixed Asset Theft
Controls for Fixed Asset Disposal
Chapter 7 - Accounts Payable
Management
Accounting for Accounts Payable
Accounts Payable Record Keeping
Stock Issued in Exchange for Non-Cash
Assets or Services
The Repurchase of Stock (Treasury Stock)
Chapter 9 - Payroll Management
Chapter 10 - Department Management
Chapter 11 - Closing the Books
Core Steps: Issue Customer Invoices
Core Steps: Calculate Depreciation
Core Steps: Consolidate Division
Results
Core Steps: Eliminate Intercompany
Transactions
Core Steps: Review Journal Entries
Core Steps: Reconcile Accounts
Core Steps: Close Subsidiary Ledgers
Core Steps: Create Financial
Statements
Core Steps: Review Financial
Statements
Core Steps: Accrue Tax Liabilities
Core Steps: Write Cover Letter
Core Steps: Issue Financial
Statements
Delayed Steps: Issue Customer
Invoices
Delayed Steps: Closing Metrics
Delayed Steps: Document Future
Closing Changes
Delayed Steps: Update Closing
Procedures
Chapter 12 - The Financial
Statements
The Single-Step Income Statement
The Multi-Step Income Statement
The Condensed Income Statement
The Contribution Margin Income
Statement
The Multi-Period Income Statement
How to Construct the Income
Statement
How to Construct the Balance Sheet
Overview of the Statement of Cash
Flows
How to Prepare the Statement of Cash
Flows
The Statement of Retained Earnings
Overview of the Statement of
Retained Earnings
How to Prepare the Statement of
Retained Earnings
Chapter 13 - Public Company
Financial Reporting
Comparison of the Integral and
Discrete Views
Primary Segment Reporting Issues
Presentation of Earnings per Share
The Public Company Closing Process
The Disclosure of Non-GAAP
Information
Chapter 14 - Management Reports
Variable Overhead Spending Variance
Variable Overhead Efficiency
Variance
Fixed Overhead Spending Variance
Problems with Variance Analysis
Inventory Turnover Measurements
Measurements and the Soft Close
The Reasons for Budget Iterations
Overview of the Revenue Budget
The Ending Finished Goods Inventory
Budget
Production Budgeting for Multiple
Products
The Direct Materials Budget (Roll up
Method)
The Direct Materials Budget
(Historical Method)
The Manufacturing Overhead Budget
The Sales and Marketing Budget
The Research and Development Budget
Additional Estimation Elements
Chapter 17 - Capital Budgeting
Capital Budget Proposal Analysis
The Capital Budgeting Application Form
Chapter 18 - Computer System
Selection and Installation
Demonstrations and Reference Checks
Final
Examination
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