August 3, 2022

What Is an Accounts Receivable Policy Manual?

The purpose of your Accounting Policy Manual is to document the financial principles and policies governing your companyƒ's accounting practices.
December 8, 2021

What are Static and Dynamic Policy and Procedure Systems?

Historically, compliance has been the focus of most knowledge management systems but, can you really have compliance without control?
December 3, 2021

Why is Succession Planning So Important?

 A company’s most valuable asset is its people. It’s an aphorism many attribute to Marcus Lemonis, but that has actually been understood by successful business managers since before he was even born. Yet in an uncertain world, we can be sure of one thing – nobody is going to stay in their role forever.  Why is succession planning so important?
November 28, 2021

What Are Internal Controls for Cash Security?

Cash control in business is about prevention; preventing the temptation and opportunity for employees to commit fraud or abuse.
November 18, 2021

What Are Common Embezzlement Schemes?

What embezzlement techniques are considered the most common embezzlement schemes used by embezzlers?
July 10, 2021

How are Financial Controls Implemented?

Financial controls are documented in your finance processes, policies, and procedures manual template. SOX, in general, has generated a lot of discussion about internal controls even requiring financial policies and procedures. How are financial controls implemented?
January 13, 2021

What are Financial Internal Controls?

The Internal Control Procedures Series provides a risk reducing framework of financial internal controls for the ten core accounting cycles — these cycles make up the accounting body of knowledge.  Each financial cycle focuses on a key element of business accounting and, therefore, should be covered in your company’s financial accounting policies and procedures manual.
January 13, 2020

What are Accounting Policies & Procedures Manuals?

Every company should document its accounting procedure process.  A well-designed and properly maintained system of accounting policies and procedures documentation enhances your accountability and consistency, while at the same time producing long-term savings from reduced duplication, rework, training, and increased focus, consistency, and productivity. Writing accounting manuals of policies and procedures is an important task. Consider a template from Bizmanualz to help save you time.
July 1, 2019

What Is SOX Corporate Governance?

Sarbanes-Oxley (SOX) requires an internal control system. Yet the current financial crises indicates that the needed internal controls are not effectively implemented in many companies.