There are no prerequisites

Course Description

A business needs a set of well-designed procedures to ensure that its transactions are completed in a uniform manner. These procedures can eliminate inefficiencies, reduce the possibility of fraud, and decrease the number of transaction errors. This course will help you establish effective systems and improve accounting controls. You'll learn about the procedures and forms needed for all of the major accounting and other functional areas of a business, including order entry, shipping, billing, cash receipts, accounts payable, payroll, and more.


Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.

Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).

Course Specifics

Aug 8, 2018
There are no prerequisites

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Cite the situations in which procedures should or should not be employed, and the best procedure format to use. Also note the constituencies most interested in the development of procedures.

Chapter 2

  • Specify the uses of order forms and return merchandise authorizations, and the application of verification techniques in the order entry process flow.

Chapter 3

  • Identify the clauses and documents used in a credit review, as well as the triggering events for credit changes.

Chapter 4

  • Specify the documents required in the shipping process flow.

Chapter 5

  • Cite the flow of documents required to produce a customer invoice.

Chapter 6

  • Specify the uses to which a credit memo can be put, and the positions involved in the collection process.

Chapter 7

  • Identify the steps in the cash receipts process flow.

Chapter 8

  • State the authorizing documents used to order goods and services, as well as the steps in the purchasing process.

Chapter 9

  • Specify the control points in the analysis and processing of procurement card statements.

Chapter 10

  • Identify allowable items to include in an expense report and situations in which per diem payments are made.

Chapter 11

  • Recognize the situations in which the petty cash amount should be altered, and actions to take if a variance is found.

Chapter 12

  • Recognize the documents used to control the inflow of goods to a business, and the contents of inventory tags.

Chapter 13

  • Specify the reasons for using three-way matching and the variations on this concept to improve the processing of payables, as well as the use of adjustment letters.

Chapter 14

  • Identify the reasons for verifying count tags and the uses to which a cycle counting report can be put.

Chapter 15

  • State the differences between a timesheet and timecard and note the contents of an employee record. Also recognize the types of employee pay deductions.

Chapter 16

  • Cite the reasons for using a capital request form, the steps required to dispose of a fixed asset, and whether to engage in a post installation review.

Chapter 17

  • Identify how investable cash is calculated, the use of a cash concentration account, and when to distribute inter-company cash.

Chapter 18

  • Identify the situations in which subsidiary ledgers are closed, when approvals are needed before financial statements can be issued, and the approval process for EDGARizing financial statements.


Choose Your Preferred Format

Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy

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