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Course Level :Basic
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Credits :2
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Pre-requisites :None
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Advance Preparation :None
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Properly managing outstanding accounts and collecting payments from customers are critical aspects of a company's financial operations.
Understanding the key controls in the collection process is essential for ensuring the company's financial stability and success. This course is designed to equip attendees with a clear understanding of internal control definitions and concepts, benefiting auditors, business managers, and anyone involved in the process.
In this CPE Course, we will delve into the collection process for outstanding accounts, providing participants with valuable insights into risk identification, fraud prevention, and the construction of effective internal controls. By recognizing the typical fraud risk factors and components of the Fraud Triangle and Fraud Diamond, you can better safeguard the company's financial assets. Additionally, they will learn the principles and limitations of internal controls, enabling them to implement preventive and detective controls suitable for both manual and automated systems.
Additionally, you will become familiar with COSO's Internal Control–Integrated Framework and the Sarbanes Oxley Act, which are integral to establishing a robust system of internal controls. They will also identify the primary activities involved in collecting outstanding accounts, comprehend process-specific controls, and explore various considerations and monitoring techniques to ensure an efficient collection process.
Major topics covered in this CPE Auditing Course:
Join this course to enhance your knowledge of internal controls or improve your organization's financial processes, this course equips them with the necessary skills to handle collection for outstanding accounts effectively and responsibly.
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 through its website: www.NASBARegistry.org.
Owner, CPE Academy
Reid Conrad is a renowned CPA. With contagious enthusiasm, he engages audiences uniquely through text-based presentations. He is a distinguished renowned educator, and esteemed presenter in the realm of Accounting. With a passion that knows no bounds, Reid's presentations are infused with an infectious enthusiasm that captivates his audience.
Reid is a trailblazer in the field, sharing his knowledge exclusively through text-based formats. His mastery of the written word allows him to communicate complex Accounting concepts with exceptional clarity and precision, leaving a lasting impact on his audience's understanding.
CPE Academy is an educational firm comprised of CPAs with experience in public accounting, industry, internal audit, and university teaching. The principals have more than 40 years of experience and their public accounting experience includes audits for both large and small CPA firms with several large publicly traded clients. Their industry experience includes home building and oil and gas accounting. Their internal audit experience includes process reviews, contract audits, agreed upon procedures, and regulatory engagements. Their university teaching includes a wide range of accounting, auditing, data analytics, and tax courses. With the unique combination of extensive corporate experience and university level teaching the firm is able to offer exceptional educational material.
107 Ratings
GH
Sep 28th, 2023
Too many questions in the "Rate your Experience" section
JB
Jun 19th, 2024
nice control review of AR collection
JW
Mar 26th, 2024
great step by step for bad debt
PH
Sep 20th, 2024
Excellent course study!
TE
Apr 27th, 2024
excellent course
