A business needs a set of well-designed accounting procedures to ensure that its transactions are completed in a uniform manner. These procedures can eliminate inefficiencies, reduce the possibility of fraud, and decrease the number of transaction errors. This course will help you establish effective systems and improve accounting controls. You’ll learn about the procedures and forms needed for all of the major accounting and other functional areas of a business, including order entry, shipping, billing, cash receipts, accounts payable, payroll, and more.
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.
CPAs, CFOs, controllers, financial professionals, and auditors.
Cite 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. Cite the flow of documents required to produce a customer invoice, and more.
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