Author: Steven Bragg
A proper system of accounting controls can mean the difference between a reliable accounting operation that consistently processes business transactions and one that appears to be in a continual state of crisis. In The Accounting Controls Guidebook, we discuss the overall system of controls, the controls that can be installed for individual accounting processes, and controls for other systems that are peripherally related to accounting operations.
In Chapter 1, we discuss the accounting controls environment, including the nature of risk, control principles, and how to construct a system of controls. In Chapters 2 through 7, we cover the specific controls needed for the sales cycle, from the initial receipt of orders through credit granting, shipping, billing, collections, and the receipt of cash. This coverage includes an overview of each process, as well as the controls and policies needed for each one. In Chapters 8 through 13, we cover the specific controls needed for the procurement cycle, including purchasing, accounts payable, receiving, and several related topics. Again, this coverage includes an overview of each process, as well as the controls and policies needed for each one. In Chapters 14 through 17, we cover the same types of information for additional topics, including payroll, fixed assets, treasury, and financial reporting.
Designed ForThe Accounting Controls Guidebook is designed for both professionals and students. Professionals can use it as a reference tool for creating and revising control systems, while it provides students with an overview of the entire system of controls.
NASBA Field of Study
Accounting (15 hours)