Key Process Controls – Order Entry

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Accountant/Bookkeeper/Tax Professionals

Free (Only Today)

3 Credits

Subject Area

Auditing

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Are you looking to enhance your understanding of internal controls and their pivotal role in establishing a dependable accounting system in today's competitive and intricate business landscape?
This CPE Auditing Course is designed to cater to individuals from various backgrounds, including internal auditors, business managers, and anyone keen to gain insights into internal controls, their improvement, and auditing processes.
In this CPE course, we will cover essential internal control definitions and concepts, allowing participants to either refresh their knowledge or delve into this critical aspect for the first time. A significant highlight of this course is its detailed exploration of the order entry process, encompassing key activities executed under both manual and computerized systems. Even though manual systems are becoming less common in the digital age, understanding their intricacies is vital for accountants, auditors, and business managers to grasp the crucial documents involved in the process.
Additionally, attendees will gain practical knowledge, empowering you to optimize internal controls, streamline processes, and foster consistent accounting practices, setting you apart in today's dynamic and demanding business environment.
Major topics covered in this course:
Application Controls
Automated Controls
Credit Limit
Internal Controls
Invoice
Job Order Costing
Management Fraud
Manual Controls
Master Purchase Order
Preventative Internal Controls
Process Costing
Purchase Order
Requisition
Sales Order
Sarbanes Oxley Act
Segregation of Duties
Don't miss out on this opportunity to strengthen your skillset and stay ahead in the ever-evolving world of finance and accounting. Enroll now and unlock your potential with our comprehensive internal controls and order entry process course!

Learning Objectives

To recognize the definition of internal control along with internal control concepts, comprehending the continuum of internal controls for businesses, approaches for adding internal controls, and balancing costs of evolving internal controls systems.
To properly identify risk categories, distinguishing between internal and external risk, as well as inherent and residual risk, to develop effective risk management strategies.
To recognize the typical fraud risk factors, as well as understand the components of the Fraud Triangle and Fraud Diamond, enabling the establishment of preventive measures against fraudulent activities.
To recognize the principles to keep in mind when constructing internal controls, ensuring comprehensive coverage of controls, and understanding the limitations or conceptual failings that may arise in their implementation.
To properly identify internal control categories, distinguishing between preventative or detective controls and manual or automated controls, optimizing control implementation based on specific business needs.
To recognize the primary steps required to construct a system of internal controls, drawing insights from COSO’s Internal Control–Integrated Framework and the Sarbanes Oxley Act, ensuring robust control systems aligned with industry standards.
To properly identify the attributes of job order and process costing, understanding the key elements of these costing methods.
To properly identify the three primary order entry activities, essential steps involved in efficiently processing customer orders.
To properly identify key documents in the order entry process, integral to ensuring accuracy and completeness in the order fulfillment process.
To recognize the process-specific controls related to the order entry process, optimizing efficiency and accuracy in order entry procedures.
To properly identify additional order entry process considerations, periodic monitoring analysis, and other procedures, ensuring continuous improvement and adherence to best practices in the order entry process.

Course Qualification

Webinar Qualifies For

3 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
3 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
3 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
3 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
3 CPE Credit of Auditing for Certified Management Accountants (CMA)
3 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
3 CPD Credit of Auditing for Certified Financial Forensics (CFF)
3 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
3 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
3 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
3 CPE Credit for Certified Internal Controls Auditor (CICA)
3 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
3 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
3 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
3 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)
3 CPE Credit for Certified Controls Specialist (CCS)

Additional details

Course Level :

Basic
Credits :

3
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

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.

Presenter

About Presenter

Reid Conrad

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.

About Company

CPE Academy

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.

Faq

FAQs content

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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