- NY Credits : 6.0
- TX Credits : 6.0
Corporate Controllership Updated
When meeting the requirements that financial reports prepared for stakeholders must be materially accurate, a company's internal controls are designed to provide that reasonable assurance. Corporate Controllership covers the organization of the accounting department, including reporting and ethical responsibilities. The course will introduce the components of working capital and capital budgeting, then explore common standard ratios and explain why each is important. The Sarbanes-Oxley Act's impact on internal controls, as well as the COSO framework, will be examined. This basic level course is most beneficial to professionals new to this subject who may be at the staff or entry level in the organization but also for a seasoned professional with limited exposure to this topic.
Upon successful completion of this course, the user should be able to:
recognize the importance of providing timely, accurate, and usable reports,
identify the ethical responsibilities of the members of the accounting department,
recognize the components of working capital and why they are important to manage,
identify how net present value can be used to manage working capital,
recognize the importance of analyzing financial results,
identify and use the standard financial ratios and benchmarking methods,
identify how the Sarbanes-Oxley Act impacts internal controls, and
recognize the importance of internal control checklists and key internal controls in each of the functions within the accounting department.