This session revisits useful, but potentially underutilized, managerial accounting techniques. You will appreciate a fresh look at concepts you may not have considered since your college days. We will illustrate practical ways you can immediately implement managerial accounting analysis in your professional endeavors.
Product Code
1000005096-141174
Credit Type
CPE: 4
CPE-AA: 4
CPE-Technical: 4
Intended Audience
CPAs and other financial professionals preparing the type of work described.
NASBA Field of Study
Auditing
Level of Difficulty
Intermediate
Prerequisites
none
Advance Preparation
None
Learning Objectives
Describe critical concepts promulgated by COSO’s internal control and enterprise-wide risk management
Explain best practices for designing, implementing and monitoring internal controls over reliable financial reporting
Apply exercises and case studies to reinforce fundamental theory through "real-life" scenarios that both internal and external accounting personnel performing internal control-related activities in the nonprofit industry
Major Subjects
Recognizing the importance of each of the key components of a sound system of internal controls over financial reporting, regardless of a nonprofit entity's nature, size or complexity
Understanding the critical role of information technology (IT) general and application controls to reliable financial reporting, even in less-complex IT environments
Exercise in documenting an understanding of the design of internal controls for common classes of transactions for nonprofit entities
Identifying and evaluating the sufficiency of key controls to satisfy control objectives
Understanding the importance of verifying whether an understanding of the design of internal controls has actually been "implemented", and how to exactly go about doing that
Additional Details
This prerecorded broadcast is provided through our partnership with ACPEN. The Instructor will be available via the chat feature.