- NY Credits : 3.0
- TX Credits : 3.0
Managing an Accounting Department
This course introduces administration of an accounting department in a small- to medium-sized entity. Topics include evaluating the effectiveness and efficiency of the operations, the accounting system, the coordination of tasks and responsibilities, as well as managing the accounting department staff. This course also takes a look at the billing cycle and recommendations for successful credit and collections along with processing accounts payable and recommendations for controlling expenses. And, finally, opportunities for improving the efficiency of the general ledger closing process are addressed. This basic level course is most beneficial to professionals new to managing an accounting department or business manager who may be at the staff or entry level in 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:
evaluate the staffing, process and procedures of an accounting department,
draft an effective employee manual,
identify the most appropriate methods to recruiting, hire, retain and train qualified staff,
evaluate the performance of staff in the accounting department,
identify the process for managing payroll,
recognize an efficient and effective billing cycle,
evaluate the credit and collections process,
process accounts payable effectively and efficiently while following IRS regulations,
recognize opportunities to control disbursements, and
identify efficiencies for closing the general ledger.