Real life experiences with Continuous Controls Monitoring (CCM) on Master Data. Pat Culpan Jeet Kadam
|
|
|
- Ross Doyle
- 10 years ago
- Views:
Transcription
1 Real life experiences with Continuous Controls Monitoring (CCM) on Master Data Pat Culpan Jeet Kadam
2 What is Master Data? Master data is the core data that is essential for operating an industry. The kind of information treated as master data varies from industry to industry, company to company and even individual business units within the same company. Master data refers to real life entities pertinent to a business that are physically present in the world. For instance: assets, suppliers, customers, products, employees, bank accounts, corporate cards etc. are some examples of Master data.
3 Reference data are the supporting tables that make master data more meaningful. In most industries, master data will include fields that have recurring numeric text. These fields don t make any sense. Although when you link these fields to reference data, master data becomes more meaningful. Reference data consists of structural information for the industries. These might include texts for wage type, texts for organisational unit, texts for business unit, texts for job title, texts for position, details of employee s group and subgroup etc.
4
5 Different Types of Master Data Files Vendor Master Payroll Master Corporate Card Register Asset Master Business Area Data Organisational Unit Data Equipment Master Data Inventory Master Data Cost Centre Master Data General Ledger Master Data Tax Master Data User Access Master Data
6 Why Master data and not Transactions?
7 Different Systems interacting within the business Blood Passing through the body Master Data
8 Why Master Data and Not Transactions? An error in the master data may have ripple effects in the business processes. Incorrect master data will provide false representation of the business. Bad decisions will be made on reports generated through wrong or missing information. Incorrect master data might lead to duplicate transactions. Loss in terms of lost opportunities. Risk of leaking information to the wrong hands. Lack of compliance with regulations. Run over time or require lengthy rework. Negative impact on creditability of the organisation.
9 Research says that 75% of the transactional errors are caused due to errors in your master files.
10 What and How Often Should We Monitor Master Data? The intensity of clean up depends on various factors. These may include, but are not limited to: Feasibility to perform the test. Risk involved in the test. Managements role in the test. Availability of data. The size of the master data handling team. The size of the business.
11 Steps in Performing Analysis Planning Data Collection Analysing the Data Applying Analytics Generating Exceptions Reporting and Monitoring
12 Steps in Performing Analysis Planning Engage with management to determine the list of tests you want to perform. Determine the scope and objectives of the tests. Identify the source of the data that is being affected by the business process. Data Collection Get access to the raw data as a preference. If the data is coming from different sources then make arrangement to synchronise them in one application. Validate the data and look for completeness and accuracy.
13 Steps in Performing Analysis Analysing the Data Study the fields in the table and analyse how each and every field is being impacted by the business process. Create data definitions. Plan how are you going to achieve your set objective. Decide what kind of data analytics techniques are we going to use to achieve the set objectives. Applying Analytics Apply the analytics. Perform the tests.
14 Steps in Performing Analysis Generate Exceptions Arrive at the exceptions. Validate the exceptions with management to confirm that there are no false positives. Reporting and Monitoring Transfer the exception to the management for reviewing. Get the feedback. Formalise it as CCM if no changes are required. Ensure follow up procedures are in place.
15 Steps in Performing Analysis Generating Exception Report Reporting to Audit Reporting to Management
16 Outcomes and Results, and What We Do With Exceptions The exceptions need to be diverted to the right owner in order to get them resolved. Results must be analysed and a root cause analysis of the exceptions must be conducted. In the long run more focus should be placed on evolving a business process rather than fixing errors. The results must be time stamped and must have a proper audit trail on details of the exception.
17 DoH s Current Master Data Tests Accounts Payable tests Duplicate Vendors Vendor with missing address Missing / Invalid Australian Business Numbers(ABN) Vendor ABN deregistered with Australian Tax Office Vendor charging GST and not registered for GST Vendor blocked and then unblocked Vendor with bank account changes
18 DoH s Current Master Data Tests Accounts Payable test (cont.) One time vendors used multiple time Stale Vendors Corporate Card tests Limit Issues Terminated Card users access not cancelled Card not used Status Match Hybrid tests Employee Vendor fuzzy logic match
19 DoH s Current Master Data Tests Payroll tests Employee terminated but still having position Employee entering their own data Invalid / Incorrect Tax File Number (TFN) TFN not supplied All System tests Users who can change master data Segregation Of Duties
20 How to Get Management s Attention on Master Data Exceptions This really is an innovative approach, but I m afraid we can t consider it. It s never been done before
21 How to Get Management s Attention on Master Data Exceptions Two important aspects of analysis are: Reporting Presentation How effectively and efficiently you are able to report the analysis to different levels of management will determine how efficiently those exceptions would be fixed.
22 How to Get Management s Attention on Master Data Exceptions Try to understand the psychology identify their key issues. Get them the result they are looking for and win their confidence. Put some easy wins on the board that would attract their attention. Provide them with assurance that you are with them and there to help them rather than spying on them.
23 Exception Reporting
24
25 How to Get Management s Attention on Master Data Exceptions
26 ACL s Audit Analytic Capability Maturity Model ad hoc repetitive continuous
27 Contact Details
28 Questions?
THE ABC S OF DATA ANALYTICS
THE ABC S OF DATA ANALYTICS ANGEL BUTLER MAY 23, 2013 HOUSTON AREA SCHOOL DISTRICT INTERNAL AUDITORS (HASDIA) AGENDA Data Analytics Overview Data Analytics Examples Compliance Purchasing and Accounts Payable
Total exception management
continuous control monitoring Total exception management Insight & Assurance See through the complexity of systems and processes and you will know your business inside out control PLAN report analyse improve
ACL EBOOK. Detecting and Preventing Fraud with Data Analytics
ACL EBOOK Detecting and Preventing Fraud with Data Analytics Contents Why use data analysis for fraud?... 4 Internal control systems, while good, are not good enough... 5 Purpose-built data analytics is
An Introduction to Continuous Controls Monitoring
An Introduction to Continuous Controls Monitoring Reduce compliance costs, strengthen the control environment and lessen the risk of unintentional errors and fraud Richard Hunt, Managing Director Marc
50 Tips for Closing Year End with Confidence. Sheri Carney [email protected]
50 Tips for Closing Year End with Confidence Sheri Carney [email protected] Prep Tips 1) Attend Year End Procedures in Microsoft Dynamics GP class at The Resource Group» Dec 11 th or Dec 20 th» www.resgroup.com/training
Internal Audit Testing and Sampling Techniques. Chartered Institute of Internal Auditors May 2014
Internal Audit Testing and Sampling Techniques Chartered Institute of Internal Auditors May 2014 Controls Testing Slide 1 Testing Priorities Risk B1 Risk A1 Risk B2 Risk A2 Risk C2 Risk C1 Controls testing
SUGGESTED CONTROLS TO MITIGATE THE POTENTIAL RISK (Internal Audit)
Unit: Subject: Sarbanes-Oxley Act Review - Inventory Management Title: Risk & Control Identification Year end: MILL RAW MATERIALS Receiving of Raw Materials Raw materials are received and accepted only
Michigan Department of Treasury Tax Compliance Bureau Audit Division. Audit Sampling Manual
Audit Division Audit Sampling Manual Disclosure This manual is not intended as a statement of law, Department policy, or of the Treasurer s official position. The information contained in this manual has
How To Conduct A Statistical Sampling
Ministry of Finance Tax Bulletin ISSUED: February 2014 Bulletin CTB 004 gov.bc.ca/consumertaxes Statistical Sampling Carbon Tax Act, Motor Fuel Tax Act, Provincial Sales Tax Act, Tobacco Tax Act This bulletin
GST AND TAX INVOICES ACCOUNTS RECEIVABLE PROCEDURES
AMINISTRATIVE 5 FINANCE AN RESOURCES NUMBER 054 Policy atabase ocument Reference Number 51054 GST AN TAX INVOICES ACCOUNTS RECEIVABLE PROCEURES Parent Policy Title GST (Goods and Services Tax) Policy Associated
Using Data Analytics to Detect Fraud
Using Data Analytics to Detect Fraud Gerard M. Zack, CFE, CPA, CIA, CCEP Introduction to Data Analytics CPE Instructions Course Objectives How data analytics can be used to detect fraud Different tools
Executive - Salary Guide
Salary Guide Executive - Salary Guide Chief Financial Officer $138,000 to $250,000+ Highest ranking financially-oriented position within a company. Responsibilities include overall financial control and
Basic Accounting. Supplement for Using Simply Accounting Version 8.0 for Windows by. M. Purbhoo and D. Purbhoo
Basic Accounting Supplement for Using Simply Accounting Version 8.0 for Windows by M. Purbhoo and D. Purbhoo Basic Accounting Contents: Accounting Theory 3 Basic Accounting 3 Balance Sheet 3 Income Statement
10-1. Auditing Business Process. Objectives Understand the Auditing of the Enteties Business. Process
10-1 Auditing Business Process Auditing Business Process Objectives Understand the Auditing of the Enteties Business Process Identify the types of transactions in different Business Process Asses Control
Audit of Cash Balances
Audit of Cash Balances Chapter 23 2008 Prentice Hall Business Publishing, Auditing 12/e, Arens/Beasley/Elder 23-1 Learning Objective 1 Show the relationship of cash in the bank to the various transaction
Article: Control Systems and Controls Testing: General Review
Article: Control Systems and Controls Testing: General Review By: Paul Lydon, BA, CPA, MBS (Hons), PGCLTHE, FHEA Current Examiner in P1 Auditing The main duty of auditors is to report to the members on
City of Berkeley. Accounts Payable Audit
City of Berkeley Accounts Payable Audit Prepared by: Ann-Marie Hogan, City Auditor, CIA, CGAP Teresa Berkeley-Simmons, Audit Manager, CIA, CGAP Frank Marietti, Senior Auditor, CIA, CGAP Presented to Council
MD AOC Project Introduction to PeopleSoft
Insert Pictures that represent Customer on Master slide MD AOC Project Introduction to PeopleSoft PeopleSoft Vendor Management Agenda Introduction Session Objectives PeopleSoft Overview Key Features Business
ACCOUNTING POLICIES AND PROCEDURES
Unit: Subject: Sarbanes-Oxley Act Review - Financial Reporting Title: Risk & Control Identification Year end: ACCOUNTING POLICIES AND PROCEDURES Management should define and communicate accounting principles.
The National Address Management Framework
The National Address Management Framework Presented by: Joseph Abhayaratna Chief Technical Officer PSMA Australia Limited National Address Management Framework Overview What A national coordinated approach
Chapter 15 Auditing the Expenditure Cycle
Chapter 15 Auditing the Expenditure Cycle Expenditure cycle consists of activities related to the acquisition of and payment for plant assets and goods and services. Two major transaction classes: 1 purchases
Basic Concepts of Accounting Subsidiary Subsidiary Special Special Inform Infor a m tion Ledgers Ledger Journals Jour Systems
COMPUTERIZED ACCOUNTING SYSTEMS Basic Concepts of Accounting Information Systems Subsidiary Ledgers Special Journals Computerized accounting systems Manual accounting systems Example Advantages Sales journal
Finance and Accounting Control, Record Keeping and Reporting Services
Position Title: Finance Officer Job Description Department: Reports To: Finance Financial Analyst Purpose The Finance Officer is responsible for the maintenance of finance and accounting transactions and
10426: Large Scale Project Accounting Data Migration in E-Business Suite
10426: Large Scale Project Accounting Data Migration in E-Business Suite Objective of this Paper Large engineering, procurement and construction firms leveraging Oracle Project Accounting cannot withstand
Solutions to Student Self Assessment Questions
Solutions to Student Self Assessment Questions Chapter 9 Testing and evaluation of systems Questions Two questions are placed within the text: (9.1) Case study 9.1 Broomfield plc: sales and trade receivables
Chapter 15: Accounts Payable and Purchases
Accounting Research Manager - Audit Private Accounting Research Manager Miller Interpretations and Other Resources Knowledge-Based Audit Procedures Chapter 15: Accounts Payable and Purchases Chapter 15:
Position Description
Position Description Finance and Payroll Officer Maternity Leave Position POSITION DETAILS POSITION TITLE: REPORTS TO: DEPARTMENT: ORGANISATIONAL LEVEL: LOCATION: EMPLOYMENT STATUS: Finance and Payroll
Process Control Optimisation with SAP
Process Control Optimisation with SAP The procure-to-pay cycle, which includes all activities from the procurement of goods and services to receiving invoices and paying vendors, is a basic business process.
WHITE PAPER. Best Practices for the Use of Data Analysis in Audit. John Verver, CA, CISA, CMC
WHITE PAPER Best Practices for the Use of Data Analysis in Audit John Verver, CA, CISA, CMC CONTENTS Executive Summary...1 The Evolving Role of Audit Analytics...3 Applications of Audit Analytics...3 Approaches
Fraud Workshop Finding the truth in the transactions
Your Trusted Partner for Audit Analytics Fraud Workshop Finding the truth in the transactions Copyright 2011 ACL Services Ltd. Robin Clough, ACDA ACL Certified Trainer Copyright 2011 ACL Services Ltd.
ACL WHITEPAPER. Automating Fraud Detection: The Essential Guide. John Verver, CA, CISA, CMC, Vice President, Product Strategy & Alliances
ACL WHITEPAPER Automating Fraud Detection: The Essential Guide John Verver, CA, CISA, CMC, Vice President, Product Strategy & Alliances Contents EXECUTIVE SUMMARY..................................................................3
How to Survive a DCAA Audit
How to Survive a DCAA Audit www.paulgunn.com 1 How to Survive a DCAA Audit - Overview Areas of interest and expectations of a typical audit: 1. Introduction o 2. The DCAA and Types of audits 3. Preparing
Basic Securities Reconciliation for the Buy Side
Basic Securities Reconciliation for the Buy Side INTRODUCTION This paper focuses on the operational control requirements of a buy-side securities trading firm with particular reference to post trade reconciliation.
Business Intelligence Maturity In Australia
Business Intelligence Maturity In Australia Paul Hawking, Robert Jovanovic, Carmine Sellitto Victoria University ERP Research Group July 010 Aristotle makes it sound so simple. Starting with $6 after the
Assessment Schedule 2013 Accounting: Prepare financial information for an entity that operates accounting subsystems (91176)
NCEA Level 2 Accounting (91176) 2013 Page 1 of 7 Assessment Schedule 2013 Accounting: Prepare financial information for an entity that operates accounting subsystems (91176) Evidence Part A Question One
BT Managed Mobility Expenses. Complete visibility and control to reduce your mobile communication costs
BT Managed Mobility Expenses Complete visibility and control to reduce your mobile communication costs The challenge of spiralling mobility costs Many organisations are struggling to control rising mobility
NCOE whitepaper Master Data Deployment and Management in a Global ERP Implementation
NCOE whitepaper Master Data Deployment and Management in a Global ERP Implementation Market Offering: Package(s): Oracle Authors: Rick Olson, Luke Tay Date: January 13, 2012 Contents Executive summary
Audit Program for Accounts Payable and Purchases
Form AP 50 Index Audit Program for Accounts Payable and Purchases Legal Company Name Client: Balance Sheet Date: Instructions: The auditor should refer to the audit planning documentation to gain an understanding
WEEK 6. Objective 1: Sales Transaction Cycle Risks
WEEK 6 CSA ch4 & GS ch10: pp457-488 Objective 1: Sales Transaction Cycle Risks The major assertions of interest to the auditor in ST of balances for account receivable are existence and valuation and allocation.
Continuous Controls Monitoring ISACA, Houston Chapter. August 17, 2006
Continuous Controls Monitoring ISACA, Houston Chapter August 17, 2006 Purpose of Discussion Understand impact of Continuous Controls Monitoring (CCM) on the Information Systems Audit community To perform
AGA Kansas City Chapter Data Analytics & Continuous Monitoring
AGA Kansas City Chapter Data Analytics & Continuous Monitoring Agenda Market Overview & Drivers for Change Key challenges that organizations face Data Analytics What is data analytics and how can it help
Division of Finance and Budget Strategic Plan
Division of Finance and Budget Strategic Plan June 11, 2014 Finance and Budget Division Accounting Accounts Payable Accounts Receivable Budget Office Bursar s Office Capital Projects & Contracts Administration
Accounts Payable. Best Practices: Existing Control: Control Gap: Controls Evaluation and Gap Analysis. Purchasing
Accounts Payable Gap Analysis: POS identifies the following Best Practices as efficient and effective control processes for the above risk. Listed for comparison are the controls currently in place, if
Accounting Systems: Complying with FAR Requirements. John S. Sroka, CPA Acquisition Cost/Price Analyst
Accounting Systems: Complying with FAR Requirements John S. Sroka, CPA Acquisition Cost/Price Analyst Background Information FAR Requirements FAR Part 9: Contractor Qualifications FAR Part 16: Cost-reimbursement
BSBFIA303A Process accounts payable and receivable
BSBFIA303A Process accounts payable and receivable Revision Number: 1 BSBFIA303A Process accounts payable and receivable Modification History Not applicable. Unit Descriptor Unit descriptor This unit describes
Release: 1. FNSACCT407B Set up and operate a computerised accounting system
Release: 1 FNSACCT407B Set up and operate a computerised accounting system FNSACCT407B Set up and operate a computerised accounting system Modification History Not applicable. Unit Descriptor This unit
The following figures summarize ways in which dut:es could be segregated with two, three and four people.
The following figures summarize ways in which dut:es could be segregated with two, three and four people. Segregation of Duties- Two people Accountant or other financial personnel 11,,. Rec()rdpl~dges
An Auditor s Guide to Data Analytics
An Auditor s Guide to Data Analytics Natasha DeKroon, Duke University Health System Brian Karp Services Experis, Risk Advisory May 11, 2013 1 Today s Agenda Data Analytics the Basics Tools of the Trade
Data Analytics For the Restaurant Industry
Data Analytics For the Restaurant Industry 2014 Sunera Snapshot SAP ACL Copyright 2013 Sunera LLC. 2 About Our Speaker Matt Osbeck, CPA, CIA, ACDA Matt is a Senior Manager in the Los Angeles office of
RELEVANT TO FOUNDATION LEVEL PAPER FAU / ACCA QUALIFICATION PAPER F8
RELEVANT TO FOUNDATION LEVEL PAPER FAU / ACCA QUALIFICATION PAPER F8 Audit procedures Audit procedures are an important area of the syllabus, though candidates often use inappropriate audit procedures
PDF Invoicing. Dispelling the Myths. My suppliers want to send PDF invoices are these the same as electronic invoices?
My suppliers want to send PDF invoices are these the same as electronic invoices? Do PDF invoices provide me with structured data that can be used in my finance application? PDF Invoicing Dispelling the
Assessment Schedule 2010 Accounting: Prepare financial statements and related accounting entries for sole proprietors (90224)
NCEA Level 2 Accounting (90224) 2010 page 1 of 7 Assessment Schedule 2010 Accounting: Prepare financial statements and related accounting entries for sole proprietors (90224) Evidence Statement ONE Part
Oracle ERP Cloud Period Close Procedures O R A C L E W H I T E P A P E R J U N E 2 0 1 5
Oracle ERP Cloud Period Close Procedures O R A C L E W H I T E P A P E R J U N E 2 0 1 5 Table of Contents Introduction 7 Chapter 1 Period Close Dependencies 8 Chapter 2 Subledger Accounting Overview 9
THE EXPENDITURE CYCLE Part I
CHAPTER THE EXPENDITURE CYCLE Part I Businesses need resources in order to conduct their business to produce and sell a product or to provide a service. The expenditure cycle is concerned with the acquisition
TIPS AND TRICKS for the CORE ACCOUNTING MODULES REMINDER:
REMINDER: Please remember that this document is meant to be a guideline with some ideas of ways you can use MAS 90 / 200 core accounting modules more fully. However, your settings or process may not work
SuccessWare 21 Online Class Curriculum
SuccessWare 21 Online Class Curriculum The following is a list of the classes that we currently offer our users in an online format. Each of the class consists of the stated number of 90 minute sessions.
BDO Consulting. Segregation of Duties Checklist
BDO Consulting Segregation of Duties Checklist August 2009 BDO Consulting s Fraud Prevention practice is pleased to present the 2009 Segregation of Duties Checklist. We have developed this tool to assist
CHAPTER 9 PRESCRIBED FORMS, TAXES, AND GENERAL INFORMATION
9-1 PRESCRIBED FORMS CHAPTER 9 PRESCRIBED FORMS, TAXES, AND GENERAL INFORMATION The State Board of Accounts is charged by law with the responsibility of prescribing and installing a system of accounting
Auditing Application User Account Security and Identity Management with Data Analytics
Auditing Application User Account Security and Identity Management with Data Analytics James Kidwell, JD, CISA Senior Information Systems Auditor Audit Services Session Agenda and Learning Objectives Brief
Welcome to the topic on managing delivery issues with Goods Receipt POs.
Welcome to the topic on managing delivery issues with Goods Receipt POs. In this topic, we will explore how to receive incorrect shipments from a vendor in a goods receipt PO document. Sometimes your supplier
Statistical Sampling. Audit Manual. Chapter 13. Sales and Use Tax Department California State Board of Equalization
Audit Manual Chapter Statistical Sampling Sales and Use Tax Department California State Board of Equalization This is an advisory publication providing direction to staff administering the Sales and Use
Using Data Analytics to Detect Fraud
Using Data Analytics to Detect Fraud Fundamental Data Analysis Techniques 2016 Association of Certified Fraud Examiners, Inc. Discussion Question For each data analysis technique discussed in this section,
Account Numbering. By separating each account by several numbers, many new accounts can be added between any two while maintaining the logical order.
Chart of Accounts The chart of accounts is a listing of all the accounts in the general ledger, each account accompanied by a reference number. To set up a chart of accounts, one first needs to define
We now examine the documents and procedures used to perform each step. Step 1: Capture Transaction Data on Source Documents
Journals and Ledgers TRANSACTION PROCESSING: DOCUMENTS AND PROCEDURES IN A MANUAL AIS One basic function of the AIS is the efficient and effective processing of data about a company s transactions. Transaction
Using Technology to Automate Fraud Detection Within Key Business Process Areas
Using Technology to Automate Fraud Detection Within Key Business Process Areas 2013 ACFE Canadian Fraud Conference September 10, 2013 John Verver, CA, CISA, CMA Vice President, Strategy ACL Services Ltd
AAT Level 2 Diploma in Accounting and Business
AAT Diploma in Accounting and Business Qualification specification Version date: July 2014 Ofqual qualification number: 60100229 1 Purpose statement Who is this qualification for? The purpose of this qualification
Accounting Information Systems with ERP Applications ICT 30430
Accounting Information Systems with ERP Applications ICT 30430 Class Tests Will be held during the lecturers. If a student absent for the test, no marks allocated. There will be 5 tests during the semester.
Data Governance Best Practices
Data Governance Best Practices Rebecca Bolnick Chief Data Officer Maya Vidhyadharan Data Governance Manager Arizona Department of Education Key Issues 1. What is Data Governance and why is it important?
NETWORK BUSINESS SYSTEMS SOFTWARE SYSTEM DOCUMENTATION ----------------------------------------------------------------- ACCOUNTS PAYABLE FEATURES
NETWORK BUSINESS SYSTEMS SOFTWARE SYSTEM DOCUMENTATION ----------------------------------------------------------------- ACCOUNTS PAYABLE FEATURES * You can use the same check as the NBS Payroll System
AUDIT PLAN: RECEIVABLES
Audit procedures for receivables AUDIT PLAN: RECEIVABLES Completeness Agree the balance from the individual sales ledger accounts to the aged receivables listing and vice versa. Match the total of the
Kofax White Paper. Overcoming Challenges in AP Automation. Executive Summary. Benefits of Accounts Payable Automation
Kofax White Paper Executive Summary Accounts payable automation presents unique challenges. It is characterized by large volumes of data, arriving in different formats and media that must be securely received,
QUALITY ASSURANCE MANUAL JPM OF MISSISSIPPI, INC.
QUALITY ASSURANCE MANUAL JPM OF MISSISSIPPI, INC. Hattiesburg, MS Revision E 01/19/11 Revised to ISO 9001:2008 on July 9, 2009 JPM OF MISSISSIPPI, INC. MANAGEMENT QUALITY POLICY It is the goal of JPM of
Financial Close Optimization: Five Steps for Identifying and Resolving Systems and Process Inefficiencies
Financial Close Optimization: Five Steps for Identifying and Resolving Systems and Process Inefficiencies Introduction A recent survey by the Institute of Management Accountants found that financial closing
An Introduction to. Metrics. used during. Software Development
An Introduction to Metrics used during Software Development Life Cycle www.softwaretestinggenius.com Page 1 of 10 Define the Metric Objectives You can t control what you can t measure. This is a quote
Accounting Principles Critical to Success Presented By: C. P. Krishnan. www.cakintl.com
Accounting Principles Critical to Success Presented By: C. P. Krishnan Basic Accounting You Need to Know Assets, Liabilities, Equity, Income, & Expenses Assets Includes what you have and what people owe
Completing an Accounts Payable Audit With ACL (Aired on Feb 15)
AuditSoftwareVideos.com Video Training Titles (ACL Software Sessions Only) Contents Completing an Accounts Payable Audit With ACL (Aired on Feb 15)... 1 Statistical Analysis in ACL The Analyze Menu (Aired
PEOPLESOFT ENTERPRISE PAYABLES
PEOPLESOFT ENTERPRISE PAYABLES Oracle s PeopleSoft Enterprise Payables provides automated invoice and payment processing to ensure timely and accurate payment for KEY FEATURES Support shared service centers
three TESTS OF CONTROLS AND TESTS OF DETAILS
TESTS OF CONTROLS AND TESTS OF DETAILS P A R T three Part 3 covers the major evidence-gathering procedures of the assurance services engagements. Chapter 9 covers tests of controls for the control risk
How to improve account reconciliation activities*
PwC Advisory Viewpoint How to improve account reconciliation activities* Many common account reconciliation problems are preventable. Effective management of account reconciliation activities greatly increases
Manual Accounts Payable Is a Critical Issue for SMEs
Manual Accounts Payable Is a Critical Issue for SMEs Contents Introduction Chapter 1: Business Intelligence Chapter 2: Capacity for Growth Chapter 3: Cost Conclusion 2 3 5 7 8 Manual Accounts Payable Is
ACCT341, Chapter 15 Accounting Software
ACCT341, Chapter 15 Accounting Software Introduction Accounting software Early decades primarily processed bookkeeping transactions Today it has become much more of a mgmt tool customizes financial reports
Increasing the Productivity and Efficiency of Business Transactions with Microsoft Business Solutions Navision Intercompany Postings
Increasing the Productivity and Efficiency of Business Transactions with Microsoft Business Solutions Navision Intercompany Postings White Paper Published: May 2004 Contents Introduction...1 Streamlining
IMMANUEL COLLEGE JOB DESCRIPTION. Classification: Grade 3 Lutheran Schools Enterprise Agreement 2012
IMMANUEL COLLEGE JOB DESCRIPTION Title: Finance Officer Payroll & Accounting Classification: Grade 3 Lutheran Schools Enterprise Agreement 2012 Tenure: Ongoing, full-time 1. Summary of the broad purpose
Kofax White Paper. Overcoming Challenges in Accounts Payable Automation. Executive Summary. Benefits of Accounts Payable Automation
Kofax White Paper Overcoming Challenges in Accounts Payable Automation Executive Summary Accounts payable automation presents unique challenges. It is characterized by large volumes of data, arriving in
Accounts Payable Best Practices
Accounts Payable Best Practices Presented by: Eddy Castaneda, CPA, MBA Accounts Payable Best Practices Top Practices AP Top Practices Document your current AP procedures Can identify overlapping work Can
BOROUGH OF RIVERDALE ACCOUNTING MANUAL. The Borough has developed the following accounting policies and procedures:
BOROUGH OF RIVERDALE ACCOUNTING MANUAL The Accounting Manual documents and/or references the accounting processes and procedures of the Borough. The internal accounting control processes and procedures
Bookkeeping Proficiency
Bookkeeping Proficiency (Exam) Your AccountingCoach PRO membership includes lifetime access to all of our materials. Take a quick tour by visiting www.accountingcoach.com/quicktour. Table of Contents (click
TRAINING IN FINANCIAL AND BUSINESS MANAGEMENT FOR ROAD CONTRACTORS MODULE ONE: SESSION FIVE PARTICIPANTS NOTES FINANCIAL ACCOUNTING FRAMEWORK
TRAINING IN FINANCIAL AND BUSINESS MANAGEMENT FOR ROAD CONTRACTORS 1.0 Purpose of session: The purpose of this session is; MODULE ONE: SESSION FIVE PARTICIPANTS NOTES FINANCIAL ACCOUNTING FRAMEWORK 1)
Invoices arriving into school should be stamped and sent off to Accounts Payable, where they will be scanned into SAP
SAP Vendor Invoice Management - Guidance for Coders Invoices arriving into school should be stamped and sent off to Accounts Payable, where they will be scanned into SAP You will be notified of invoices
CONTINUOUS CONTROLS MONITORING
Clarity. Certainty. Confidence. CONTINUOUS CONTROLS MONITORING Support Regulatory Compliance Improve Cost Management Drive Operational Performance Executives today are more challenged than ever to make
Internal Controls, Fraud Detection and ERP
Internal Controls, Fraud Detection and ERP Recently the SEC adopted Section 404 of the Sarbanes Oxley Act. This law requires each annual report of a company to contain 1. A statement of management's responsibility
Accounts Payable User Manual
Accounts Payable User Manual Confidential Information This document contains proprietary and valuable, confidential trade secret information of APPX Software, Inc., Richmond, Virginia Notice of Authorship
Internal Controls Best Practices
Internal Controls Best Practices This list includes the most common internal controls applied by small to medium sized businesses to their operations. It includes controls that apply to the processes most