Accounting  |  Format: Flash

Often-Overlooked Internal Control Breakdowns in Accts Payable

Course Overview:
Strong internal controls are a good part of the fraud prevention framework any organization creates for the purposes of thwarting crooks. However, there are many places these controls fall down, and often they are in places where you least expect them. This is especially important when it comes to the accounts payable function. For control breakdowns in this area allow crooks easy access to the organization�s financial assets. This course takes a look at control breakdowns that are sometimes unintentionally ignored to the peril of the organization not addressing them. The issues evaluated in this course are critical to those who want to run an efficient, fraud-resistant accounts payable function.

� 2015 � Mary S. Schaeffer, Accounts Payable Now & Tomorrow, and CRYSTALLUS, Inc. ALL RIGHTS RESERVED No portion of this material may be reprinted, reproduced, transmitted, stored in a retrieval system, or otherwise utilized, in any form or by any means, electronic or mechanical, including photocopying or recording, now existing or hereinafter invented, nor may any part of this course be used for teaching without written permission from Mary S. Schaeffer.

Learning Objectives:
After completing this course, the course participant should be able to:

  • Determine the reasons internal controls fail and address them
  • Identify the control problems in the payment process
  • Recognize the control problems in the AP process
  • Point out common control issues around personnel
    Catalog Number: 99SCH10-tx
    CPE Credits: 1 Registry / 1 QAS
    Author: Mary S. Schaeffer
    Advanced Preparation:
    Course Level: Overview
    Field of Study: Accounting
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Windows or Mac OS
    Release/Expiration Dates: Mar 01, 2016 / Oct 14, 2020