Implementing Internal Controls in QuickBooks Environments FLEXCAST
Available Until
Your Desk
4.0 Credits
Member Price $196.00
Non-Member Price $225.00
Overview
Are you grappling with the challenge of maintaining robust internal controls in your QuickBooks-run small business? You’re not alone. Many organizations find this a daunting task, often leading to operational inefficiencies and heightened risks. This seminar directly addresses this widespread issue by guiding you through the process of strengthening internal controls in environments using QuickBooks Pro, Premier, Enterprise, or Online. We delve into the significance of a solid internal control system, particularly in small business settings, and how it can be the cornerstone of your financial integrity. You’ll learn to identify the four key types of internal controls, assess the current state of your organization’s controls, and discover practical strategies to fortify them using QuickBooks’ own features. Beyond QuickBooks, the seminar also explores additional control procedures for scenarios where QuickBooks alone isn’t sufficient. By the end of this session, you’ll have transformed your perspective on QuickBooks, seeing it not as a barrier to effective control, but as a tool to achieve a robust, secure financial environment.
Highlights
QuickBooks. Fundamentals of small business internal control. Implementing effective preventive controls with QuickBooks. Detecting issues using internal controls. The value of compensating controls in QuickBooks.
Prerequisites
None.
Designed For
Accountants and other business professionals who want to improve internal controls in QuickBooks and QuickBooks Online environments.
Objectives
Identify the importance of internal controls in QuickBooks environments. List four common types of internal controls and provide examples of each. Assess the relative strength or weakness of a QuickBooks-based organization’s internal control structure. Create and implement appropriate internal controls using tools and features found in various editions of QuickBooks.
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
Thomas Stephens Jr, Partner, K2 Enterprises, LLC
Thomas G. Stephens, Jr., received a Bachelor of Science in Business Administration degree (Major in Accounting) from Auburn University in 1985. Upon graduation, Mr. Stephens began working for an Atlanta-based public accounting firm. After earning his designation as a Certified Public Accountant, Mr. Stephens worked for BellSouth Corporation in Atlanta as an Internal Auditor. After two years as an auditor, he was promoted to Staff Manager and then Operations Manager of the Internal Audit Group. In 1991, he transferred to the Comptrollers’ department of BellSouth and served as Manager of the Cost Accounting organization. While working full-time at BellSouth Corporation, Mr. Stephens also attended graduate school, earning a Masters of Science (Major in Finance) from Georgia State University in 1992. Mr. Stephens left BellSouth in 1994 and opened his public accounting practice in the metropolitan Atlanta area. In his practice, Mr. Stephens provided accounting, tax, and consulting services to individuals and a wide variety of small and emerging businesses. As part of his practice, he developed a successful consulting practice providing installation and support services of small business accounting software. Additionally, he began authoring and presenting continuing professional education courses to accounting and finance professionals. In 2003, Mr. Stephens affiliated with K2 Enterprises and in 2007 he joined the firm as a partner. To date, he has lectured nationally on subjects such as internal controls for small businesses, technology strategies, computer hardware and software applications, tax strategies and compliance, and financial accounting standards and applications. Over the past nineteen years, Mr. Stephens has presented in excess of 1,800 educational sessions to over 55,000 participants nationwide. Presently, Mr. Stephens resides in Woodstock, Georgia where, in addition to his association with K2 Enterprises, he provides consulting services to small businesses and CPA firms. In addition to an active professional career, Mr. Stephens enjoys an active personal life as well. He and Michelle – his wife of twenty-nine years – have two children. His hobbies include snow skiing, fishing, and running. Additionally, Mr. Stephens maintains professional memberships with the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants and is a past member of the Institute of Internal Auditors.
Non-Member Price $225.00
Member Price $196.00