Accountant’s Guidebook: Management Reports And More

4 Credits: Accounting


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Accountant’s Guidebook: Management Reports And More

Course Level
CPE Credits

4 Credits: Accounting

Course Description

This insightful course, adapted from Stephen Bragg’s The Accountant’s Guidebook and presented by Jeff Sailor, is a valuable resource for professionals looking to enhance their management of reports, cash receipts, collections, and payroll. Participants will benefit from a detailed exploration of management reports, gaining knowledge on creating a core group of continually adjusted reports tailored to their business needs. The course also covers cash management, offering techniques to improve handling of various payment forms. In the realm of collections, attendees will learn a spectrum of tactics, helping them choose the right approach for different scenarios. Additionally, the course addresses payroll management, providing strategies to improve departmental efficiency and staff competency. Through this course, professionals will gain a comprehensive understanding and practical skills to manage these essential aspects of their business, leading to improved operational efficiency and effectiveness.

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Learning Objectives

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

  • State the purpose of responsibility reporting.
  • List an item that is not important for properly managing margin reports.
  • Cite a limitation of variance analysis.
  • Name a common line item in a flash report.
  • Define the variance where volume variance relates to the use of direct labor.
  • Calculate selling price variance.
  • Specify a possible cause of an unfavorable sales volume variance.
  • Cite the importance of the value date.
  • Define a lockbox network.
  • Identify the kind of information required by automatic cash application.
  • Define the mechanism that keeps cash application from delaying daily bank deposits.
  • List an advantage of a bank lockbox and an alternative to using it.
  • Specify a characteristic of remote deposit capture.
  • Name something not accomplished through an online payment app.
  • List an advantage of converting a receivable into a promissory note.
  • Specify the purpose of the COD roll.
  • Name a way to reduce the cost of using attorney letters.
  • Define the grace period in collections.
  • Identify what A-B testing helps to design.
  • Cite a characteristic of a postdated check.
  • Specify when the promissory note approach and filing in small claims court are best used in collections.
  • Define a payroll cycle.
  • Identify when employees are paid in a biweekly payroll system and in a semimonthly payroll system and a key difference between the two systems.
  • Name a timekeeping solution for an hourly employee who nearly always works 40 hours a week.
  • Choose an action that will not help protect the confidentiality of payroll information.
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Course Specifics

Course ID
Revision Date
October 10, 2022


Advanced Preparation


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)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Jeff Sailor Headshot

Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software. Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights …