Purchasing Controls
A massive amount of funding is channeled through the purchasing function, so it should be structured within a proper system of controls. In the Purchasing Controls course, we discuss all aspects of the purchasing process flow, the forms used, and the controls needed to ensure that purchasing activities are properly conducted. The course also addresses systems of internal control, control principles, types of controls, and several related issues.
Format
PDF Course
Level
Overview
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.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.