Purchasing Controls
Control purchasing activities by implementing a structured system of internal safeguards around one of the largest cash outflows in an organization. This course examines the full purchasing process flow, the documentation that supports it, and the controls required at each stage. You will apply core control principles, evaluate different types of controls, and integrate them into a cohesive internal control system that governs purchasing effectively.
Format
PDF Course
Course Lists
Duration
2 Hours
Course Information
Author: Steven Bragg
Course Number: AC1166
Learning Objectives
- Recognize the characteristics of a system of internal controls.
- Recall the situations in which it is possible to operate with weak controls.
- Recognize the best types of controls.
- Specify how a continuous controls monitoring system functions.
- Recall the different types of controls that can be applied to the purchasing function.
- Recall how supplier certification can contribute to the system of purchasing controls.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: November 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
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