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K2's Implementing Internal Controls in QuickBooks Environments

Wednesday, September 25
 2:00pm - 5:30pm

(Check-In 1:55pm)

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Online

4.00 Credits

Member Price $140.00

Price will increase by $20 after 9/18

Non-Member Price $205.00

Price will increase by $20 after 9/18

Overview

The QuickBooks ecosystem of accounting tools remains the most widely-used set of accounting applications small businesses use. Yet, many of these organizations struggle because of inadequate internal controls. In this seminar, you will learn options for improving internal controls in small businesses running QuickBooks Pro, Premier, Enterprise, or Online. Participate in this program to understand how you can create a robust system of internal controls in a small business environment, including businesses using QuickBooks accounting solutions.

In this session, you will also learn about the four common types of internal controls and how to assess the relative condition of the internal control structure of a small business. With this background in place, the focus then shifts to discovering the opportunities to enhance internal controls in QuickBooks-based environments using features found in the application. In addition, you will learn about additional internal control procedures for situations where you cannot establish adequate controls in QuickBooks. While many believe that QuickBooks-based organizations will forever face weak internal control structures, participating in this session will teach you how QuickBooks-based businesses can benefit from strong internal controls.

Objectives

  • Identify the importance of internal controls in QuickBooks environments
  • List four common types of internal controls and provide examples of each
  • Assess the relative strength or weakness of a QuickBooks-based organization's internal control structure
  • Create and implement appropriate internal controls using tools and features found in various editions of QuickBooks
  • Highlights

  • Critical risks in QuickBooks environments
  • Internal control options that can mitigate risk to prudently acceptable levels
  • Enabling alternative control measures to improve internal controls in QuickBooks environments
  • Designed For

    Accountants and other business professionals who want to improve internal controls in QuickBooks and QuickBooks Online environments

    Prerequisites

    Fundamental knowledge of internal controls and QuickBooks solutions

    Preparation

    None

    Notice

    By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy. https://www.ctcpas.org/events/cpe-policies

    Leader(s):

    Leader Bios

    Lawrence McClelland, Associate, K2 Enterprises, LLC

    Mac McClelland, an attorney and accounting professional, is an associate of K2 Enterprises of Hammond, Louisiana, and Network Management Group of Hutchinson, Kansas.

    Mac was formerly the director of the Centre for Financial Studies at the University of Otago in Dunedin, New Zealand, where he lived and worked for seven years from 1990 to 1997. He was also a member of the faculty of the Advanced Business Programme, ranked in the top 100 MBA programs in the world by The Economist, specializing in business strategy and strategic management accounting.

    He gained his practical experience in information systems with the National Aeronautics and Space Administration, and has an established practice in business and technology consulting. Mac has taught hundreds of continuing professional education seminars to accountants and business managers in the United States, New Zealand, Australia, Japan, and Southeast Asia. His presentations are highly rated, and he has won several awards for teaching excellence.

    Mac has been published in leading business and practitioner journals, including Tax Ideas, Computers in Accounting, Journal of Accounting Education, Chartered Accountants Journal of New Zealand, and the top-rated Journal of Accounting Research.

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    Non-Member Price $205.00

    Member Price $140.00