It is essential to properly receive goods. In the Receiving Controls course, we discuss all aspects of the receiving process flow, the forms used, and the controls needed to ensure that receiving 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 that can be applied to the receiving function.
Specify the types of reports prepared by the receiving department.
Major Topics
The Genesis of Accounting Controls
Common Fraud Risk Factors
Fraud Triggers
Control Principles
Terminating Controls
Controls Education
Receiving Concepts
