A business needs to issue perfect invoices to its customers in order to be paid on time. In the Billing Controls course, we discuss all aspects of the billing process flow and the controls needed to ensure that billing activities are properly conducted. The course also addresses systems of internal control, control principles, types of controls, and several related issues.
Learning Objectives
Upon successful completion of this course, participants will be able to:
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 and policies that can be applied to the billing process.
Recall indicators of failures in the billing process.
Identify the process activities involved in billing customers.
Major Topics
The Genesis of Accounting Controls
Common Fraud Risk Factors
Fraud Triggers
Control Principles
Terminating Controls
Customer Billing Process Overview
