172 pages

• ·         Describe the role of the controller and the chief financial officer, and the activities to address during the controller’s first days on the job.

• ·         Explain how to reconcile cash, administer petty cash, forecast and invest cash, and set up a system of cash controls.

• ·         Explain how to measure and manage the credit and collection functions.

• ·         Discuss the methods for creating and issuing customer invoices, as well as how to account for them.

• ·         Demonstrate the types of inventory tracking and costing systems available, and how to manage them.

• ·         Explain how to track fixed assets, as well as set up accounting and control systems for them.

• ·         Discuss how to manage the accounts payable function and set up a proper system of controls for it.

• ·         Describe the accounting for basic equity-related transactions.

• ·         Describe how to increase the efficiency and effectiveness of the payroll department, as well as how to account for common payroll transactions.

• ·         Explain the techniques available for improving the efficiency and effectiveness of the work flow of the accounting department.

• ·         Demonstrate the various steps needed to close the books and issue financial statements.

• ·         Describe the financial statements and the different types of available reporting formats.

• ·         Explain the additional financial reporting requirements of a publicly-held company.

• ·         Discuss the types of management reports to issue, and the reporting concerns related to each one.

• ·         Describe how the various components of the budget are assembled to create a complete budget package.

• ·         Explain the various methods for reviewing and subsequently evaluating a capital budgeting proposal.

• ·         Describe the steps required to select and install an accounting computer system.

Presentation Method:   Self-Study

Category:  Accounting

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