CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Controller's Role in Assets, Liabilities, and Equity

Icon_Self-Study
QAS Self-Study
Icon_Level
Overview
Credits
CPE Credits
2 Credits: Accounting

Course Description

The controller plays a unique role regarding inventory, fixed assets, accounts payable, and equity management systems. The skills required for each of these departments are disparate, but they have one thing in common: success in each area depends on accurate, detailed systems of record keeping. In Controller’s Role in Assets, Liabilities, and Equity, Steven Bragg breaks down each department, detailing the management strategies and techniques necessary to help you succeed. You’ll gain insight and systemic knowledge on inventory valuation, fixed asset controls, controls and processes to assist accounts payable, and accounting for various components of equity.

This course covers material also contained in The New Controller Guidebook.

Learning Objectives

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

Chapter 1

  • Define a perpetual inventory system
  • Identify characteristics of the first in, first out method
  • Determine how the weighted average method is applied

Chapter 2

  • List a use for passive RFID tags
  • Specify a control that can be used to stop theft of fixed assets

Chapter 3

  • Describe what is meant by scrubbing accounts payable
  • List documents used in a three-way match

Chapter 4

  • Define par value
  • List an outcome of a company buying back stock
  • Define a scrip dividend

Course Specifics

Course ID
1143403
Revision Date
July 16, 2020
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

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 »

Controller's Role in Assets, Liabilities, and Equity

Expert Instructors
CPE CREDITS
2 Credits: Accounting

$58.00$78.00

Clear
Icon_Self-Study
QAS Self-Study
Icon_Level
Overview
Credits
CPE Credits
2 Credits: Accounting

Course Description

The controller plays a unique role regarding inventory, fixed assets, accounts payable, and equity management systems. The skills required for each of these departments are disparate, but they have one thing in common: success in each area depends on accurate, detailed systems of record keeping. In Controller’s Role in Assets, Liabilities, and Equity, Steven Bragg breaks down each department, detailing the management strategies and techniques necessary to help you succeed. You’ll gain insight and systemic knowledge on inventory valuation, fixed asset controls, controls and processes to assist accounts payable, and accounting for various components of equity.

This course covers material also contained in The New Controller Guidebook.

Learning Objectives

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

Chapter 1

  • Define a perpetual inventory system
  • Identify characteristics of the first in, first out method
  • Determine how the weighted average method is applied

Chapter 2

  • List a use for passive RFID tags
  • Specify a control that can be used to stop theft of fixed assets

Chapter 3

  • Describe what is meant by scrubbing accounts payable
  • List documents used in a three-way match

Chapter 4

  • Define par value
  • List an outcome of a company buying back stock
  • Define a scrip dividend

Course Specifics

Course ID
1143403
Revision Date
July 16, 2020
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

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 »

Controller's Role in Assets, Liabilities, and Equity

Expert Instructors
CPE CREDITS
2 Credits: Accounting

$58.00$78.00

Clear