January 22, 2018

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.
October 30, 2017

Cost Accounting Information

What are the different types of accounting costs that your company can accrue, and how can you build cost accounting policies to minimize their effects?
October 16, 2017

What Are Common Embezzlement Schemes?

What embezzlement techniques are considered the most common embezzlement schemes used by embezzlers?
October 11, 2017

What Is an Accounting Department Organization Chart?

The companyƒ's Accounting Department Organization Chart provides the foundation for coordinating and administrating your accounting management system.
February 13, 2017
Creating an Accounting Manual

Creating an Accounting Manual of Policies and Procedures

What should be in you accounting manual so it is the most useful to your organization?
April 5, 2016

Implementing Financial Controls

Implementing Financial Controls You may be familiar with the COSO (Committee of Sponsoring Organizations of the Treadway Commission) framework for internal control. COSO has received significant attention when referenced by the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) as an example of an “internal control” system as required by Sarbanes-Oxley Act (SOX) sections 302 and 404.
April 5, 2016

Top Financial Accounting Internal Controls

Top Ten Financial Accounting Internal Controls The CFO Financial Accounting 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.
April 5, 2016

Writing an SEC Accounting Manual of Policies and Procedures

Why are you Writing an SEC Accounting Manual of Policies & Procedures? 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 SEC accounting manuals of policies and procedures is an important task. Consider a template from Bizmanualz to help save you time.
June 22, 2015

What Are Common Accounting Methods?

Accounting methods and accounting standards are typically defined within your accounting manual, which also defines your policies, procedures, and internal controls for Sarbanes Oxley and other compliance needs.