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Course Details

The Accounting Controls Guidebook - A Practical Guide (Third Edition) (Course Id 799)

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Author : Steven Bragg, CPA
Status : Production
CPE Credits : 12.0
IRS Credits : 0
Price : $107.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 799

Description :

The Accounting Controls Guidebook describes the controls needed for all of the major functional areas of a business, including order entry, shipping, billing, cash receipts, accounts payable, payroll, and more.

Usage Rank : 0
Release : 2015
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : General knowledge of the accounting for sales, payables, payroll, and fixed assets, as well as the production of financial statements.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 17-Jun-2015
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.
Approved Audience :

NASBA QAS - NASBA Registry - 799

Keywords : Accounting, Accounting, Controls, Guidebook, Practical, Guide, Third, Edition, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

    Cite the situations in which controls can be avoided or must be installed, and note the nature of the best controls.
    Note the process steps and controls that can be inserted into the order entry process.
    Identify the procedure steps and controls used to process customer requests for credit.
    State the controls used to deal with sales orders, drop shipments, back orders, and merchandise returns.
    Cite the controls used in the computerized and manual issuance of invoices to customers.
    Cite the controls that can be used to provide structure to the collections process.
    State the controls associated with the receipt, recordation, and deposit of cash and checks.
    Identify the different types of controls that can provide structure to the purchasing function.
    State the controls that can be assigned to supplier invoice recordation and payments.
    Note the controls that can be inserted into the processing of employee expense reports.
    Identify the controls needed to provide a secure environment for the use of procurement cards.
    Note the steps in the petty cash process flow, how petty cash can be replaced, and the controls that can be instituted for petty cash.
    Recognize the controls used in the receiving area.
    Define the activities needed to create a proper payroll control environment, and note the indicators of payroll fraud.
    Recognize the controls used to safeguard fixed assets.
    State the controls used for cash forecasting, funds transfers, stock issuances, and collateral monitoring.
    Cite the process steps and controls that can be integrated into the period-end closing process, construction of financial statements, and chart of accounts.
    Note the controls that can be applied to the budgeting process and the monitoring of a project.

Chapter 1
The Accounting Controls Environment

Cite the situations in which controls can be avoided or must be installed, and note the nature of the best controls.

Chapter 2
Order Entry Controls

Note the controls that can be inserted into the order entry process.

Chapter 3
Credit Controls

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

Chapter 4
Shipping Controls

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

Chapter 5
Customer Billing Controls

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

Chapter 6
Collection Controls

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

Chapter 7
Cash Receipts Controls

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

Chapter 8
Purchasing Controls

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

Chapter 9
Accounts Payable Controls

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

Chapter 10
Expense Report Controls

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

Chapter 11
Procurement Card Controls

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

Chapter 12
Petty Cash Controls

Note 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
Receiving Controls

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

Chapter 14
Payroll Controls

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

Chapter 15
Fixed Asset Controls

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

Chapter 16
Treasury Controls

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

Chapter 17
Financial Reporting Controls

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

Chapter 18
Other Controls

Note the controls that can be applied to acquisitions, gift cards, inventory recordation, and inventory valuation.
Course Contents :

Chapter 1 - The Accounting Controls Environment

The Genesis of Accounting Controls

The Proper Balance of Control Systems

The Nature of Risk

Common Fraud Risk Factors

Control Principles

The Failings of Internal Controls

Preventive and Detective Controls

Manual and Automated Controls

Constructing a System of Controls

Special Case - Acquisitions

Special Case Employee Turnover

Special Case Rapid Growth

Control System Documentation

Terminating Controls

Controls Education

Structure of this Book

Chapter 2 - Order Entry Controls

Order Entry Process Overview

In-Process Order Entry Controls

Alternative Order Entry Control Systems

Control System for Manual Order Entry

Control System for Computerized Order Entry

Additional Order Entry Controls Fraud Related

Additional Order Entry Controls Periodic Actions

Additional Accounting Policies

Chapter 3 - Credit Controls

Credit Process Overview

In-Process Credit Controls

Alternative Credit Control Systems

Control System for Manual Credit Management

Control System for Computerized Credit Management

Additional Credit Controls Fraud Related

Additional Credit Controls Periodic Actions

Additional Accounting Policies

Chapter 4 - Shipping Controls

Shipping Process Overview

In-Process Shipping Controls

Alternative Shipping Control Systems

Control System for Manual Shipping

Control System for Computerized Shipping

Additional Shipping Controls Fraud Related

Additional Shipping Controls Periodic Actions

Chapter 5 - Customer Billing Controls

Customer Billing Process Overview

In-Process Customer Billing Controls

Alternative Customer Billing Control Systems

Control System for Manual Customer Billings

Control System for Computerized Customer Billings

Additional Customer Billing Controls Fraud Related

Additional Customer Billing Controls Periodic Actions

Additional Accounting Policies

Chapter 6 - Collection Controls

Collection Process Overview

In-Process Collection Controls

Alternative Collection Control Systems

Additional Collection Controls

Additional Accounting Policies

Chapter 7 - Cash Receipts Controls

Cash Receipts Process Overview

In-Process Cash Receipts Controls

Alternative Cash Receipts Control Systems

Control System for Cash Receipts

Control System for Check Receipts

Control System for Lockbox Receipts

Control System for Remote Deposit Capture

Additional Cash Receipts Controls Fraud Related

Additional Cash Receipts Controls Periodic Actions

Additional Accounting Policies

Chapter 8 - Purchasing Controls

Purchasing Process Overview

In-Process Purchasing Controls

Alternative Purchasing Control Systems

Control System for Purchasing with Bids

Control System for Purchasing without Bids

Controls for Purchasing with a Computerized System

Additional Purchasing Controls Fraud Related

Additional Purchasing Controls Periodic Actions

Additional Accounting Policies

Chapter 9 - Accounts Payable Controls

Accounts Payable Process Overview

In-Process Accounts Payable Controls

Alternative Accounts Payable Control Systems

Control System for Manual Accounts Payable

Control System for Computerized Accounts Payable

Control System for Evaluated Receipts

Additional Payables Controls Trend Analysis

Additional Payables Controls Fraud Related

Additional Payables Controls Periodic Actions

Additional Accounting Policies

Chapter 10 - Expense Report Controls

Expense Report Process Overview

In-Process Accounts Payable Controls

Alternative Expense Report Control Systems

Control System for Manual Expense Reporting

Control System for Computerized Expense Reporting

Additional Expense Report Controls Fraud Related

Additional Expense Report Controls Periodic Actions

Additional Accounting Policies

Chapter 11 - Procurement Card Controls

Procurement Card Process Overview

In-Process Procurement Card Controls

Alternative Procurement Card Control Systems

Procurement Card Control System without a Transaction Log

Procurement Card Control System with a Transaction Log

Additional Payables Controls Fraud Related

Additional Payables Controls Periodic Actions

Additional Accounting Policies

Chapter 12 - Petty Cash Controls

Petty Cash Process Overview

In-Process Petty Cash Controls

The Petty Cash Control System

Additional Payables Controls Fraud Related

Additional Accounting Policies

Chapter 13 - Receiving Controls

Receiving Process Overview

In-Process Receiving Controls

Alternative Receiving Control Systems

Control System for Receiving with a Manual System

Controls for Receiving with a Computerized System

Additional Receiving Controls Fraud Related

Additional Receiving Controls Periodic Actions

Additional Accounting Policies

Chapter 14 - Payroll Controls

Payroll Process Overview

In-Process Payroll Controls

Alternative Payroll Control Systems

Control System for Manual Payroll

Control System for Computerized Payroll

Control System for Outsourced Payroll

Control System for Cash Payroll Payments

Additional Payroll Controls Trend Analysis

Additional Payroll Controls Fraud Related

Additional Payroll Controls Periodic Actions

Additional Payroll Controls Related Activities

Additional Accounting Policies

Chapter 15 - Fixed Asset Controls

Fixed Asset Process Overview

In-Process Fixed Asset Controls

Alternative Fixed Asset Control Systems

Additional Fixed Asset Controls Fraud Related

Additional Fixed Asset Controls Periodic Actions

Additional Accounting Policies

Chapter 16 - Treasury Controls

The Cash Forecasting Controls Environment

The Funds Investment Control Environment

The Debt Procurement Control Environment

The Stock Issuance Control Environment

Additional Treasury Controls Fraud Related

Chapter 17 - Financial Reporting Controls

Financial Reporting Overview

In-Process Financial Reporting Controls

Additional Controls for Public Companies

Balancing Controls against Speed

Additional Financial Reporting Controls Fraud Related

Additional Financial Reporting Controls Periodic Actions

Additional Accounting Policies

Chapter 18 - Other Controls

Acquisition Controls

Budgeting Controls

Budget Creation Controls

Budget Integration Controls

Summary of Budget Controls

Gift Card Controls

Inventory Recordation Controls

Inventory Valuation Controls

Project Controls

Controls for Cost Plus Pricing Arrangements

Controls for Fixed Fee Pricing Arrangements

Controls for Internal Projects

Summary of Project Controls

Glossary

Accounting Course 799 Home: https://www.cpethink.com/accounting-cpa-courses
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