Accounting Controls

Price: $110.00

CPE Credits: 12.0

Category:

Course Number: AACNTRSB

accounting controls

Description:
Controls are an essential ingredient of the modern business, since they can reduce error rates, minimize fraud, and ensure that procedures are completed in a consistent manner. The Accounting Controls Guidebook reveals the controls you need for every accounting system, from billings to financial reporting, in addition to such operational areas as order processing, shipping, and receiving. Controls are separately stated for manual and computerized accounting systems. The course also addresses types of controls, control principles, the proper balance of control systems, and how to construct a system of controls. In short, this is the essential desk reference for the accountant who wants to install and maintain a well-constructed system of controls.  Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: General knowledge of the accounting for sales, payables, payroll, and fixed assets, as well as the production of financial statements.

Author: Steven Bragg, CPA

Publication: December 2013
Update: May 2018

Format: PDF
Pages: 287

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • • Cite the situations in which controls can be avoided or must be installed, and note the nature of the best controls.
    • Specify the process steps and controls that can be inserted into the order entry process.
    • Identify the procedure steps and controls used to process customer requests for credit.
    • State the controls used to deal with sales orders, drop shipments, back orders, and merchandise returns.
    • Cite the controls used in the computerized and manual issuance of invoices to customers.
    • Cite the controls that can be used to provide structure to the collections process.
    • State the controls associated with the receipt, recordation, and deposit of cash and checks.
    • Identify the different types of controls that can provide structure to the purchasing function.
    • State the controls that can be assigned to supplier invoice recordation and payments.
    • Specify the controls that can be inserted into the processing of employee expense reports.
    • Identify the controls needed to provide a secure environment for the use of procurement cards.
    • Specify the steps in the petty cash process flow, how petty cash can be replaced, and the controls that can be instituted for petty cash.
    • Recognize the controls used in the receiving area.
    • Define the activities needed to create a proper payroll control environment, and note the indicators of payroll fraud.
    • Recognize the controls used to safeguard fixed assets.
    • State the controls used for cash forecasting, funds transfers, stock issuances, and collateral monitoring.
    • Cite the process steps and controls that can be integrated into the period-end closing process, construction of financial statements, and chart of accounts.
    • Specify the controls that can be applied to the budgeting process and the monitoring of a project.

Description:
Controls are an essential ingredient of the modern business, since they can reduce error rates, minimize fraud, and ensure that procedures are completed in a consistent manner. The Accounting Controls Guidebook reveals the controls you need for every accounting system, from billings to financial reporting, in addition to such operational areas as order processing, shipping, and receiving. Controls are separately stated for manual and computerized accounting systems. The course also addresses types of controls, control principles, the proper balance of control systems, and how to construct a system of controls. In short, this is the essential desk reference for the accountant who wants to install and maintain a well-constructed system of controls.  Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: General knowledge of the accounting for sales, payables, payroll, and fixed assets, as well as the production of financial statements.

Author: Steven Bragg, CPA

Publication: December 2013
Update: May 2018

Format: PDF
Pages: 287

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • • Cite the situations in which controls can be avoided or must be installed, and note the nature of the best controls.
    • Specify the process steps and controls that can be inserted into the order entry process.
    • Identify the procedure steps and controls used to process customer requests for credit.
    • State the controls used to deal with sales orders, drop shipments, back orders, and merchandise returns.
    • Cite the controls used in the computerized and manual issuance of invoices to customers.
    • Cite the controls that can be used to provide structure to the collections process.
    • State the controls associated with the receipt, recordation, and deposit of cash and checks.
    • Identify the different types of controls that can provide structure to the purchasing function.
    • State the controls that can be assigned to supplier invoice recordation and payments.
    • Specify the controls that can be inserted into the processing of employee expense reports.
    • Identify the controls needed to provide a secure environment for the use of procurement cards.
    • Specify the steps in the petty cash process flow, how petty cash can be replaced, and the controls that can be instituted for petty cash.
    • Recognize the controls used in the receiving area.
    • Define the activities needed to create a proper payroll control environment, and note the indicators of payroll fraud.
    • Recognize the controls used to safeguard fixed assets.
    • State the controls used for cash forecasting, funds transfers, stock issuances, and collateral monitoring.
    • Cite the process steps and controls that can be integrated into the period-end closing process, construction of financial statements, and chart of accounts.
    • Specify the controls that can be applied to the budgeting process and the monitoring of a project.
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