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  Home > Course Details
 

Course Details - Go to Course Contents

   New ! ! !   QAS   Registry
    
Title :

The New Controller Guidebook

Author :

Steven Bragg, CPA

Status :

Production

CPE Credits :

20.0

IRS Credits :

0

Price :

$149.95

Passing Score :

70%

Primary Subject-Field Of Study :

Accounting - Accounting and Auditing

Description :

The New Controller Guidebook describes each responsibility of the new controller and shows you how to manage each one as efficiently as possible. Topics also include the financial statements, closing the books, budgeting, and computer system selection.

Usage Rank :

0

Release :

2011

Version :

999

Prerequisites :

None

Experience Level :

Overview

Additional Contents :

Complete, no additional material needed

Advance Preparation :

None

Delivery Method :

Self-Study

Intended Participants :

Anyone needing Continuing Professional Education (CPE)

Approved Audience :

NASBA QAS - NASBA Registry -  - 

Revision Date :

01/20/2012

NASBA Course Declaration :

Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.

Comments :

CPE, online, self-study, self study, CPA, CPAs, continuing professional education, continuing education, accounting, accountants, business, commerce, controller, financial statements, closing the books, biudgeting, computer system

Learning Objectives :

Course Learning Objectives

    • Describe the role of the controller and the chief financial officer, and the activities to address during the controller’s first days on the job.
    • Explain how to reconcile cash, administer petty cash, forecast and invest cash, and set up a system of cash controls.
    • Explain how to measure and manage the credit and collection functions.
    • Discuss the methods for creating and issuing customer invoices, as well as how to account for them.
    • Demonstrate the types of inventory tracking and costing systems available, and how to manage them.
    • Explain how to track fixed assets, as well as set up accounting and control systems for them.
    • Discuss how to manage the accounts payable function and set up a proper system of controls for it.
    • Describe the accounting for basic equity-related transactions.
    • Describe how to increase the efficiency and effectiveness of the payroll department, as well as how to account for common payroll transactions.
    • Explain the techniques available for improving the efficiency and effectiveness of the work flow of the accounting department.
    • Demonstrate the various steps needed to close the books and issue financial statements.
    • Describe the financial statements and the different types of available reporting formats.
    • Explain the additional financial reporting requirements of a publicly-held company.
    • Discuss the types of management reports to issue, and the reporting concerns related to each one.
    • Describe how the various components of the budget are assembled to create a complete budget package.
    • Explain the various methods for reviewing and subsequently evaluating a capital budgeting proposal.
    • Describe the steps required to select and install an accounting computer system.

Chapter 1
The Controller Job Description

Describe the role of the controller and the chief financial officer, and the activities to address during the controller’s first days on the job.

Chapter 2
Cash Management

Explain how to reconcile cash, administer petty cash, forecast and invest cash, and set up a system of cash controls.

Chapter 3
Credit and Collections Management

Explain how to measure and manage the credit and collection functions.

Chapter 4
Billing Management

Discuss the methods for creating and issuing customer invoices, as well as how to account for them.

Chapter 5
Inventory Management

Demonstrate the types of inventory tracking and costing systems available, and how to manage them.

Chapter 6
Fixed Assets Management

Explain how to track fixed assets, as well as set up accounting and control systems for them.

Chapter 7
Accounts Payable Management

Discuss how to manage the accounts payable function and set up a proper system of controls for it.

Chapter 8
Equity Management

Describe the accounting for basic equity-related transactions.

Chapter 9
Payroll Management

Describe how to increase the efficiency and effectiveness of the payroll department, as well as how to account for common payroll transactions.

Chapter 10
Department Management

Explain the techniques available for improving the efficiency and effectiveness of the work flow of the accounting department.

Chapter 11
Closing the Books

Demonstrate the various steps needed to close the books and issue financial statements.

Chapter 12
The Financial Statements

Describe the financial statements and the different types of available reporting formats.

Chapter 13
Public Company Financial Reporting

Explain the additional financial reporting requirements of a publicly-held company.

Chapter 14
Management Reports

Discuss the types of management reports to issue, and the reporting concerns related to each one.

Chapter 15
Budgeting

Describe how the various components of the budget are assembled to create a complete budget package.

Chapter 16
Capital Budgeting

Explain the various methods for reviewing and subsequently evaluating a capital budgeting proposal.

Chapter 17
Computer System Selection and Installation

Describe the steps required to select and install an accounting computer system.
   

Course Contents - Go to Details

Chapter 1 - The Controller Job Description 

The Controller Job Description

The Chief Financial Officer Job Description

The New Controller Checklist

Chapter 2 - Cash Management

Overview of the Bank Reconciliation

The Bank Reconciliation Procedure

Bank Reconciliation Problems

The Bank Reconciliation Statement

Accounting for Petty Cash

The Cash Forecast

Cash Investments

Negative Cash on the Balance Sheet

Cash Controls

Cash Record Keeping

Chapter 3 - Credit and Collections Management

Receivables Measurement

Credit Management

Credit Terms and the Cost of Credit

Collections Management

Other Cash Acceleration Techniques

The Allowance for Doubtful Accounts

The Direct Write-off Method

Credit and Collection Controls

Chapter 4 - Billing Management

Billing Management

Structure of the Invoice

Accounting for Billings

Accrued Revenue

Accounting for Sales Taxes

Billing Controls

Chapter 5 - Inventory Management

The Periodic Inventory System

The Perpetual Inventory System

How to Set Up Inventory Record Keeping

Cycle Counting

Inventory Reconciliation

The Physical Inventory Count

Inventory Costing

Accounting for Obsolete Inventory

Chapter 6 - Fixed Assets Management

Fixed Asset Tracking

Accounting for Fixed Assets

Fixed Asset Controls

Fixed Asset Record Keeping

Audit Requirements

Chapter 7 - Accounts Payable Management

Accounts Payable Management

Three-Way Matching

Use Taxes

Accounting for Accounts Payable

Accounts Payable Controls

Accounts Payable Record Keeping

Chapter 8 - Equity Management

Accounting for Stock

Accounting for Dividends

Chapter 9 - Payroll Management

Payroll Cycle Duration

Streamlined Timekeeping

Timekeeping Systems

Electronic Payments

Employee Self-Service

Manager Self-Service

Transaction Error Analysis

Staff Training Program

The Payroll Calendar

Information Confidentiality

Accounting for Payroll

Payroll Controls

Chapter 10 - Department Management

Schedule of Activities

Error Tracking System

Process Reviews

Queue Management

Department Layout

Skills Review and Training

Consolidate Accounting

Chapter 11 - Closing the Books

Prior Steps: Update Reserves

Core Steps: Issue Customer Invoices

Core Steps: Value Inventory

Core Steps: Calculate Depreciation

Core Steps: Create Accruals

Core Steps: Consolidate Division Results

Core Steps: Eliminate Intercompany Transactions

Core Steps: Review Journal Entries

Core Steps: Reconcile Accounts

Core Steps: Close Subsidiary Ledgers

Core Steps: Create Financial Statements

Core Steps: Review Financial Statements

Core Steps: Accrue Tax Liabilities

Core Steps: Close the Month

Core Steps: Add Disclosures

Core Steps: Write Cover Letter

Core Steps: Issue Financial Statements

Delayed Steps: Issue Customer Invoices

Delayed Steps: Closing Metrics

Delayed Steps: Document Future Closing Changes

Delayed Steps: Update Closing Procedures

Chapter 12 - The Financial Statements

The Income Statement

The Balance Sheet

The Statement of Cash Flows

The Statement of Retained Earnings

Chapter 13 - Public Company Financial Reporting

Interim Reporting

Segment Reporting

Earnings per Share

The Public Company Closing Process

The Form 10-Q

The Form 10-K

Chapter 14 - Management Reports

The Duration of a Report

Responsibility Reporting

The Flash Report

Expense Reporting

Margin Reporting

Variance Reporting

Chapter 15 - Budgeting

The System of Budgets

The Reasons for Budget Iterations

Overview of the Revenue Budget

The Ending Finished Goods Inventory Budget

The Production Budget

Production Budgeting for Multiple Products

The Direct Materials Budget (Roll up Method)

The Direct Materials Budget (Historical Method)

The Direct Labor Budget

The Manufacturing Overhead Budget

The Sales and Marketing Budget

Diminishing Returns Analysis

The Research and Development Budget

The Administration Budget

The Compensation Budget

The Budgeted Income Statement

The Budgeted Balance Sheet

The Financing Budget

Chapter 16 - Capital Budgeting

Overview of Capital Budgeting

Bottleneck Analysis

Net Present Value Analysis

The Payback Method

Capital Budget Proposal Analysis

The Outsourcing Decision

The Capital Budgeting Application Form

The Post Installation Review

The Lease versus Buy Decision

Chapter 17 - Computer System Selection

Computer System Selection

Computer System Installation

Glossary

 

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