Accounting Controls: Ensuring Financial Integrity - 4th Edition by Steven M. Bragg, Exams of Accounting

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Accounting Controls

th

Edition

Steven M. Bragg

• Chapter 1 – The Accounting Controls Environment
  • Learning Objectives
  • Introduction..........................................................................................................................................
  • The Genesis of Accounting Controls
  • The Proper Balance of Control Systems...............................................................................................
  • The Nature of Risk
  • Common Fraud Risk Factors
  • Control Principles.................................................................................................................................
  • The Failings of Internal Controls...........................................................................................................
  • Preventive and Detective Controls
  • Manual and Automated Controls
  • Constructing a System of Controls
  • Special Case – Acquisitions
  • Special Case – Employee Turnover
  • Special Case – Rapid Growth
  • Control System Documentation
  • Terminating Controls..........................................................................................................................
  • Controls Education
  • Structure of this Book.........................................................................................................................
  • Summary
  • Review Questions
  • Review Answers
• Chapter 2 – Order Entry Controls
  • Learning Objectives
  • Introduction........................................................................................................................................
  • Order Entry Process Overview
  • In-Process Order Entry Controls
  • Alternative Order Entry Control Systems
    • Control System for Manual Order Entry
    • Control System for Computerized Order Entry................................................................................
  • Additional Order Entry Controls – Fraud Related
  • Additional Order Entry Controls – Periodic Actions
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 3 – Credit Controls
  • Learning Objectives
  • Introduction........................................................................................................................................
  • Credit Process Overview....................................................................................................................
  • In-Process Credit Controls
  • Alternative Credit Control Systems.....................................................................................................
    • Control System for Manual Credit Management
    • Control System for Computerized Credit Management
  • Additional Credit Controls – Fraud Related.........................................................................................
  • Additional Credit Controls – Periodic Actions......................................................................................
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 4 – Shipping Controls............................................................................................................
  • Learning Objectives
  • Introduction........................................................................................................................................
  • Shipping Process Overview
  • In-Process Shipping Controls
  • Alternative Shipping Control Systems
    • Control System for Manual Shipping
    • Control System for Computerized Shipping
  • Additional Shipping Controls – Fraud Related
  • Additional Shipping Controls – Periodic Actions
  • Summary
  • Review Questions
  • Review Answers
• Chapter 5 – Customer Billing Controls...............................................................................................
  • Learning Objectives
  • Introduction........................................................................................................................................
  • Customer Billing Process Overview....................................................................................................
  • Customer Billing Process Overview....................................................................................................
  • In-Process Customer Billing Controls
  • Alternative Customer Billing Control Systems.....................................................................................
    • Control System for Manual Customer Billings.................................................................................
    • Control System for Computerized Customer Billings
  • Additional Customer Billing Controls – Fraud Related.........................................................................
  • Additional Customer Billing Controls – Periodic Actions......................................................................
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 6 – Collection Controls..........................................................................................................
  • Learning Objectives
  • Introduction........................................................................................................................................
  • Collection Process Overview..............................................................................................................
  • In-Process Collection Controls
  • Alternative Collection Control Systems...............................................................................................
  • Additional Collection Controls
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 7 – Cash Receipts Controls...................................................................................................
  • Learning Objectives
  • Introduction........................................................................................................................................
  • Cash Receipts Process Overview
  • In-Process Cash Receipts Controls
  • Alternative Cash Receipts Control Systems
    • Control System for Cash Receipts..................................................................................................
    • Control System for Check Receipts
    • Control System for Lockbox Receipts.............................................................................................
    • Control System for Remote Deposit Capture
  • Additional Cash Receipts Controls – Fraud Related
  • Additional Cash Receipts Controls – Periodic Actions
  • Additional Accounting Policies
  • Summary
  • Review Questions iii
  • Review Answers
• Chapter 8 – Purchasing Controls........................................................................................................
  • Learning Objectives
  • Introduction........................................................................................................................................
  • Purchasing Process Overview
  • In-Process Purchasing Controls
  • Alternative Purchasing Control Systems.............................................................................................
    • Control System for Purchasing with Bids
    • Control System for Purchasing without Bids
    • Controls for Purchasing with a Computerized System
  • Additional Purchasing Controls – Fraud Related
  • Additional Purchasing Controls – Periodic Actions..............................................................................
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 9 – Accounts Payable Controls...........................................................................................
  • Learning Objectives
  • Introduction......................................................................................................................................
  • Accounts Payable Process Overview
  • In-Process Accounts Payable Controls.............................................................................................
  • Alternative Accounts Payable Control Systems
    • Control System for Manual Accounts Payable
    • Control System for Computerized Accounts Payable....................................................................
    • Control System for Evaluated Receipts
  • Additional Payables Controls – Trend Analysis.................................................................................
  • Additional Payables Controls – Fraud Related..................................................................................
  • Additional Payables Controls – Periodic Actions...............................................................................
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 10 – Expense Report Controls
  • Learning Objectives
  • Introduction......................................................................................................................................
  • Expense Report Process Overview
  • In-Process Accounts Payable Controls.............................................................................................
  • Alternative Expense Report Control Systems
    • Control System for Manual Expense Reporting
    • Control System for Computerized Expense Reporting
  • Additional Expense Report Controls – Fraud Related
  • Additional Expense Report Controls – Periodic Actions
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 11 – Procurement Card Controls
  • Learning Objectives
  • Introduction......................................................................................................................................
  • Procurement Card Process Overview
  • In-Process Procurement Card Controls
  • Alternative Procurement Card Control Systems................................................................................ iv
    • Procurement Card Control System without a Transaction Log
    • Procurement Card Control System with a Transaction Log
  • Additional Procurement Card Controls – Fraud Related
  • Additional Procurement Card Controls – Periodic Actions.................................................................
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 12 – Petty Cash Controls.....................................................................................................
  • Learning Objectives
  • Introduction......................................................................................................................................
  • Petty Cash Process Overview
  • In-Process Petty Cash Controls
  • The Petty Cash Control System
  • Additional Petty Cash Controls – Fraud Related
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 13 – Receiving Controls
  • Learning Objectives
  • Introduction......................................................................................................................................
  • Receiving Process Overview............................................................................................................
  • In-Process Receiving Controls
  • Alternative Receiving Control Systems.............................................................................................
    • Control System for Receiving with a Manual System
    • Controls for Receiving with a Computerized System
  • Additional Receiving Controls – Fraud Related.................................................................................
  • Additional Receiving Controls – Periodic Actions..............................................................................
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 14 – Payroll Controls
  • Learning Objectives
  • Introduction......................................................................................................................................
  • Payroll Process Overview
  • In-Process Payroll Controls..............................................................................................................
  • Alternative Payroll Control Systems
    • Control System for Manual Payroll
    • Control System for Computerized Payroll
    • Control System for Outsourced Payroll.........................................................................................
    • Control System for Cash Payroll Payments
  • Additional Payroll Controls – Trend Analysis
  • Additional Payroll Controls – Fraud Related
  • Additional Payroll Controls – Periodic Actions
  • Additional Payroll Controls – Related Activities.................................................................................
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 15 – Fixed Asset Controls v
  • Learning Objectives
  • Introduction......................................................................................................................................
  • Fixed Asset Process Overview.........................................................................................................
  • In-Process Fixed Asset Controls
  • Alternative Fixed Asset Control Systems
  • Additional Fixed Asset Controls – Fraud Related..............................................................................
  • Additional Fixed Asset Controls – Periodic Actions
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 16 – Treasury Controls
  • Learning Objectives
  • Introduction......................................................................................................................................
  • The Cash Forecasting Controls Environment
  • The Funds Investment Control Environment.....................................................................................
  • The Debt Procurement Control Environment
  • The Stock Issuance Control Environment
  • Additional Treasury Controls – Fraud Related
  • Summary
  • Review Questions
  • Review Answers
• Chapter 17 – Financial Reporting Controls
  • Learning Objectives
  • Introduction......................................................................................................................................
  • Financial Reporting Overview
  • In-Process Financial Reporting Controls
  • Additional Controls for Public Companies.........................................................................................
  • Balancing Controls against Speed
  • Additional Financial Reporting Controls – Fraud Related
  • Additional Financial Reporting Controls – Periodic Actions
  • Additional Accounting Policies
  • Summary
  • Review Questions
  • Review Answers
• Chapter 18 – Other Controls
  • Learning Objectives
  • Introduction......................................................................................................................................
  • Acquisition Controls
  • Budgeting Controls
    • Budget Creation Controls
    • Budget Integration Controls..........................................................................................................
    • Summary of Budget Controls
  • Gift Card Controls
  • Information Technology Controls......................................................................................................
  • Inventory Recordation Controls
  • Inventory Valuation Controls
  • Project Controls
    • Controls for Cost Plus Pricing Arrangements................................................................................
    • Controls for Fixed Fee Pricing Arrangements
    • Controls for Internal Projects
    • Summary of Project Controls
  • Review Questions vi
  • Review Answers
• Glossary
• Index