Accountant's Guidebook: Management Reports And More FLEXCAST
Available Until
Your Desk
4.0 Credits
Member Price $196.00
Non-Member Price $225.00
Overview
In this course, presenter Jeff Sailor covers the topics of management reports, cash receipts management, collection tactics, and payroll management.
Highlights
The Duration of a Report. Responsibility Reporting. The Flash Report. Expense Reporting. Margin Reporting. Variance Reporting. The Purchase Price Variance. Material Yield Variance. Labor Rate Variance. Variable Overhead Spending Variance.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
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, and more.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Jeff Sailor, Western CPE
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 with humor in high-energy presentations. He’s also adept at presenting complex topics in a very practical, easy-to-understand manner, thus earning him rave reviews for more than 20 years. Jeff currently presents seminars, webcasts, and in-house instruction for Western CPE. He’s also a featured speaker at national conferences as well as at state and regional meetings.
For more than 10 years, Jeff has served as an AICPA peer reviewer, focusing on small firms and sole practitioners. He also served on the Resource Committee for the Private Company Financial Reporting Committee (PCFRC). Jeff has spoken at two NASBA national conferences on how to make education more engaging for practitioners.
Non-Member Price $225.00
Member Price $196.00