accounting internal controls, accounts receivable factoring, accounts receivable financing, bad debt definition, bad debt reserve accounting, credit risk, credit risk analysis, credit risk management, internal controls audit, internal controls checklist, risk management, Sarbanes Oxley compliance
For many companies, Accounts Receivable Financing is the largest or second largest asset on the balance sheet. Therefore, any weakness in the financial controls for A/R could have a serious impact on the company’s financial statements. As well, since Accounts Receivable departments interact with almost every other department in the company, weak controls in A/R can lead to increased risk in other areas.
Why Should You Attend:
This session will provide you with the tools you need to establish and maintain strong accounting internal controls in the A/R department that meet Sarbanes-Oxley compliance and reduce risk and protect company assets. There will be opportunities for online discussion and questions.
Areas Covered in the Session:
Topics covered will include:
- Establishing segregation of duties
- Setting up cash application controls
- Structuring bad debt reserve accounting
- Improving credit policy
- Introducing collateral controls
- Developing invoice accuracy
- Review the approval process
- Examining the role of IT systems
- Integrating SOX into daily routines
Know how to establish, maintain, and improve Accounts Receivable controls that comply with Sarbanes-Oxley.
Who Will Benefit:
- Credit Professionals required to co-certify
- Financial Managers
- Financial Controllers
- Company Executives
- Anyone involved in the SOX A/R compliance process
For more detail please click on this below link:
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