CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Accounting Controls Guidebook

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
12 Credits: Accounting

Course Description

A proper system of accounting controls can mean the difference between a reliable accounting operation that consistently processes business transactions and one that appears to be in a continual state of crisis. In the Accounting Controls Guidebook, Steven M. Bragg discusses the overall system of controls, the controls that can be installed for individual accounting processes, and controls for other systems that are peripherally related to accounting operations. You’ll learn everything you need to know about all of the major functional areas of a business, including order entry, shipping, billing, cash receipts, accounts payable, payroll, and more.

Learning Objectives

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

Chapter 1

  • Recognize situations in which controls can be avoided or must be installed, the nature of the best controls, and areas of concern.

Chapter 2

  • Specify the order entry process and examples of controls that can be inserted into the process.

Chapter 3

  • Identify the procedure steps and controls used to process customer requests for credit.

Chapter 4

  • State the controls used to deal with sales orders, drop shipments, back orders, and merchandise returns.

Chapter 5

  • Cite the controls used in the computerized and manual issuance of invoices to customers.

Chapter 6

  • Cite the controls that can be used to provide structure to the collections process.

Chapter 7

  • State the controls associated with the receipt, recordation, and deposit of cash and checks.

Chapter 8

  • Identify the different types of controls that can provide structure to the purchasing function.

Chapter 9

  • State the controls that can be assigned to supplier invoice recordation and payments.

Chapter 10

  • Specify the controls that can be inserted into the processing of employee expense reports.

Chapter 11

  • Identify the controls needed to provide a secure environment for the use of procurement cards.

Chapter 12

  • 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.

Chapter 13

  • State the controls used in the receiving area, as well as the proper treatment of customer-owned goods.

Chapter 14

  • Recognize the activities needed to create a proper payroll control environment, and the indicators of payroll fraud.

Chapter 15

  • Identify the controls used to monitor, value, and report on fixed assets.

Chapter 16

  • State the controls used for cash forecasting, funds transfers, stock issuances, and collateral monitoring.

Chapter 17

  • Cite the controls that can be integrated into the period-end closing process, construction of financial statements, and chart of accounts.

Chapter 18

  • Specify the controls that can be applied to acquisitions, gift cards, inventory recordation, and inventory valuation.

Course Specifics

Course ID
1153298
Revision Date
April 21, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
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 …

Steven M. Bragg, CPA Read More »

Accounting Controls Guidebook

Expert Instructors
Format
CPE CREDITS
12 Credits: Accounting

$336.00$376.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
12 Credits: Accounting

Course Description

A proper system of accounting controls can mean the difference between a reliable accounting operation that consistently processes business transactions and one that appears to be in a continual state of crisis. In the Accounting Controls Guidebook, Steven M. Bragg discusses the overall system of controls, the controls that can be installed for individual accounting processes, and controls for other systems that are peripherally related to accounting operations. You’ll learn everything you need to know about all of the major functional areas of a business, including order entry, shipping, billing, cash receipts, accounts payable, payroll, and more.

Learning Objectives

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

Chapter 1

  • Recognize situations in which controls can be avoided or must be installed, the nature of the best controls, and areas of concern.

Chapter 2

  • Specify the order entry process and examples of controls that can be inserted into the process.

Chapter 3

  • Identify the procedure steps and controls used to process customer requests for credit.

Chapter 4

  • State the controls used to deal with sales orders, drop shipments, back orders, and merchandise returns.

Chapter 5

  • Cite the controls used in the computerized and manual issuance of invoices to customers.

Chapter 6

  • Cite the controls that can be used to provide structure to the collections process.

Chapter 7

  • State the controls associated with the receipt, recordation, and deposit of cash and checks.

Chapter 8

  • Identify the different types of controls that can provide structure to the purchasing function.

Chapter 9

  • State the controls that can be assigned to supplier invoice recordation and payments.

Chapter 10

  • Specify the controls that can be inserted into the processing of employee expense reports.

Chapter 11

  • Identify the controls needed to provide a secure environment for the use of procurement cards.

Chapter 12

  • 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.

Chapter 13

  • State the controls used in the receiving area, as well as the proper treatment of customer-owned goods.

Chapter 14

  • Recognize the activities needed to create a proper payroll control environment, and the indicators of payroll fraud.

Chapter 15

  • Identify the controls used to monitor, value, and report on fixed assets.

Chapter 16

  • State the controls used for cash forecasting, funds transfers, stock issuances, and collateral monitoring.

Chapter 17

  • Cite the controls that can be integrated into the period-end closing process, construction of financial statements, and chart of accounts.

Chapter 18

  • Specify the controls that can be applied to acquisitions, gift cards, inventory recordation, and inventory valuation.

Course Specifics

Course ID
1153298
Revision Date
April 21, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
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 …

Steven M. Bragg, CPA Read More »

Accounting Controls Guidebook

Expert Instructors
Format
CPE CREDITS
12 Credits: Accounting

$336.00$376.00

Clear