Identifying the Proper Balance of Internal Controls | Accounting & Bookkeeping Online Course by Udemy

Finance & Accounting Online Course by Udemy, On Sale Here

This course further explores the types of ICs, how they can be properly utilized.

An excellent training about Accounting & Bookkeeping

Identifying the Proper Balance of Internal Controls

Internal Controls (IC) are in place for a reason. They help maintain the control environment and establish efficient and effective processes. They also serve as a mitigation technique for identifying when processes have changed and when procedures need to be adjusted. In todays business world, all personnel must understand the concept of internal control, how they should be utilized and their benefits. The purpose and value of internal controls are often misunderstood and misapplied by management. Internal controls should be viewed as a value-oriented activity that assists the organization in the effective execution of its objectives. Properly designed and executed controls are the key to ensuring this view. This courseexplores the types of ICs, how they can be properly utilized and the cost benefit considerations for implementation. Internal control is aprocessdesigned to providereasonable assuranceregarding the achievement ofobjectivesin the following areas: Effectiveness and efficiency of operationsReliability of financial reportingCompliance with applicable laws and regulationsSafeguarding assetsIf you would like Continuing Education Credit (e.g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: Identifying and Implementing the Proper Balance of Internal Controls. Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an approved-by-the-governing-body CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.

Udemy is the leading global marketplace for learning and instruction

By connecting students all over the world to the best instructors, Udemy is helping individuals reach their goals and pursue their dreams.

Study anytime, anywhere.

START HERE