Auditing accounts receivable (AR) is a cornerstone for ensuring financial accuracy and prudence in financial operations.
As outlined in this course, the audit process exemplifies the diligence required to scrutinize AR balances. Through confirmation responses from clients, this CPE Course navigates potential discrepancies, identifying issues ranging from damaged shipments to partial payments, thereby fortifying the reliability of reported AR figures.
This online CPE webinar illuminates the paradigm shift by the Current Expected Credit Loss (CECL) model. By amalgamating historical data, current market conditions, and prudent forecasts, the CECL model stands as a bulwark against financial volatility. From percentage of sales analysis to aging AR assessments, auditors leverage a spectrum of methodologies to gauge the adequacy of credit loss allowances. Complemented by monitoring techniques like average collection periods, these methods provide invaluable insights into AR management efficiency, fostering financial resilience and transparency.
Join this CPE Course, it is the path toward financial prudence and reliability. Through robust methodologies, adherence to accounting standards, and a keen eye for detail, the audit process fortifies AR balances. It lays the groundwork for sustainable financial stewardship in an ever-evolving landscape.
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Here is the link to your interests: Accounting & Auditing CPE Courses
President, Emergent Solutions Group LLC
Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
LMD
Great presentation. The detailed different scenarios presented make the concepts more understandable.
AA
Many Thanks to the respected lady instructor and to my-cpe organization
Very informative with examples. The jokes did help break the monotony.
RW
Jen always gives a great webinar !!! thank you
FK
great course
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