Receiving Controls

Ensure that goods are received accurately and recorded properly by implementing a structured receiving control system. This course examines the complete receiving process flow, the documentation that supports it, and the controls required to verify quantities, quality, and authorization. You will apply internal control principles, evaluate different types of controls, and integrate them into a cohesive system that protects assets and improves operational reliability.
Format

PDF Course

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Duration

2 Hours

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Course Information

Author: Steven Bragg
Course Number: AC1165

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 receiving function.
  • Specify the types of reports prepared by the receiving department.

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.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.