The controller plays a unique role regarding inventory, fixed assets, accounts payable, and equity management systems. The skills required for each of these departments are disparate, but they have one thing in common: success in each area depends on accurate, detailed systems of record keeping. In Controller's Role in Assets, Liabilities, and Equity, Steven Bragg breaks down each department, detailing the management strategies and techniques necessary to help you succeed. You'll gain insight and systemic knowledge on inventory valuation, fixed asset controls, controls and processes to assist accounts payable, and accounting for various components of equity.
This course covers material also contained in The New Controller Guidebook.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
Define a perpetual inventory system
Identify characteristics of the first in, first out method
Determine how the weighted average method is applied
Chapter 2
List a use for passive RFID tags
Specify a control that can be used to stop theft of fixed assets
Chapter 3
Describe what is meant by scrubbing accounts payable
List documents used in a three-way match
Chapter 4
Define par value
List an outcome of a company buying back stock
Define a scrip dividend
Major Topics
Inventory Management
Fixed Assets management
Accounts Payable Management
Equity Management
