The Accounting Procedures Guidebook ON DEMAND
Available Until
Your Desk
11.0 Credits
Member Price $308.00
Non-Member Price $354.00
Overview
The typical business needs a system of policies and procedures in order to reduce errors, minimize fraud, and maintain tight control over its operations. This course contains the detailed procedures and forms needed for every accounting system, from accounts payable to treasury, as well as for such operational areas as order entry, shipping, purchasing, and receiving. Procedures are separately stated for manual and computerized accounting systems. The course also addresses how to create and enforce procedures, as well as when to update them.
Highlights
Overview of accounting procedures. Order entry procedures. Credit procedures. Shipping procedures. Customer billing procedures. Collection procedures. Cash receipts procedures. Purchasing procedures. Procurement card procedures. Expense report procedures. Petty cash procedures. Receiving procedures. Accounts payable procedures. Inventory procedures. Payroll procedures. Fixed asset procedures. Treasury procedures. Closing the books procedures.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Specify the situations in which procedures should or should not be employed, and the best procedure format to use. Also note the constituencies most interested in the development of procedures. Specify the uses of order forms and return merchandise authorizations, and the application of verification techniques in the order entry process flow. Identify the clauses and documents used in a credit review, as well as the triggering events for credit changes. Specify the documents required in the shipping process flow. Specify the flow of documents required to produce a customer invoice. Specify the uses to which a credit memo can be put, and the positions involved in the collection process. Identify the steps in the cash receipts process flow. State the authorizing documents used to order goods and services, as well as the steps in the purchasing process. Specify the control points in the analysis and processing of procurement card statements. Identify allowable items to include in an expense report and situations in which per diem payments are made.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
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 Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $354.00
Member Price $308.00