Accounting Best Practices

On Demand | Combo Offers

  • 300 minutes
  • 0 Day Left
     May 25, 2021 - Jun 30, 2021
  •   08:00 AM - 01:00 PM ET
    05:00 AM - 10:00 AM PT

This webinar will give you practical tips for complying with the new guidelines for this complex area of accounting and reporting. Upon course completion, you will: be able to analyze typical transactions to recognize their lease characteristics and account for and report them in compliance with the new rules. Accounts Payable Best Practice.

Accounts Payable Best Practices

Join this session by expert speaker Mary S. Schaeffer, where she will include a discussion of the newest best practice every organization should implement to ensure crooks don't get their hands-on money or sensitive information.

Session Highlights:

  • Improve your invoice processing

  • Implement effective payment technologies

  • Comply with regulatory issues affecting the payment process

  • Avoid costly mistakes due to spoofed emails

  • Create effective expense reporting policies

  • Avoid costly master vendor file practices

  • Deter fraud (both internal and external)

Implementing the New Lease Accounting Standards

Join us for a quick study of the new rules by expert speaker Miles Hutchinson, where he will discuss how to do account modification, re-measurement, and termination of a lease.

Session Highlights:

  • Receive guidance for determining whether an arrangement is or contains a lease

  • Contrast ASC 842 with IFRS 16

  • Learn how to account for lease and non-lease components

  • Understand sale and leaseback transactions under the new rules

  • Identifying and accounting for leveraged transactions

  • We will summarize the presentation and disclosure rules for both Lessees and Lessors

Finance & Accounting 101

Join this session by expert speaker Carl Young, where he will explain the tools and techniques for how business financial transactions are transformed into financial statements.

Session Highlights:

•    The overall connection of financial transactions to required statements of:

  • Balance Sheet

  • Income Statement

  • Cash Flow Statement

  • The basic framework of finance and accounting and the concepts and principles used to transform transactions

  • Components of each financial statement using sample statements

  • Six Generic types of transactions in every company

  • The simple comparison of business to personal financial statements

  • The simple meaning of finance and accounting

  • The simple meaning of cash vs. accrual accounting

  • A simple explanation of debits and credits with actual exercises to illustrate their application in transforming transactions to statements

  • It is a great refresher for financial professionals

Accounts Payable and Sarbanes-Oxley Internal Controls

In this webinar expert speaker, Mike Morley will provide you with the tools you need to establish and maintain strong internal controls that meet Sarbanes-Oxley standards by reducing risk and protecting company assets and raising awareness of fraud issues in Accounts Payable, and examining processes to mitigate the risk associated with Accounts Payable to comply with SOX.

Session Highlights:

  • Safeguarding inventory purchasing

  • Examining supplier payments

  • Reviewing risks associated with payroll and taxes

  • Know best practices and types of approvals

  • Reviewing repetitive processes

  • Understanding the dangers inherent in inter-company payments

  • Verifying accruals

  • Assess currency issues

  • Building and using audit trails

*You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it at your convenience.

BFSI  Speakers

BFSI Speakers

Mary S. Schaeffer

Mary S. Schaeffer is the founder of AP Now, a B2B learning and information organization focused on creating business intelligence around the accounts payable and payment functions. The host of the AP Now podcast, she has also written 18 business books and is a frequent and popular speaker at both online and live events. Schaeffer has created a number of CPE self-study courses, customized training and online training events. 

Miles Hutchinson

Mr. Hutchinson is an accomplished businessman, business consultant and course leader specializing in finance, accounting and taxation. He excels at sharing these complex topics in a crystal clear manner. He is also proficient in sales & use taxation, payroll taxation, public speaking, problem solving, negotiating, time management, computer applications, technical documentation and facilitation. 

Carl Young

Carl Young is an Author, Speaker, Trainer, Consultant, and Coach. He holds an MBA and completed graduate studies in Accounting and Taxation. He is a former CFO of a 275M, high growth technology-based company. He has over 25 years of senior-level business management experience. In addition, he has over 25 years of training experience in finance, accounting, and business management. Former CEO of his own small parts manufacturing company as well as former Senior Financial Associate of the major consulting firm. 

Mike Morley

Mike Morley is a Certified Public Accountant and recognized authority in the field of finance. He has more than 25 years of experience in finance, including IFRS and SOX implementation, internal controls and fraud detection. An entertaining and informative speaker and trainer, Mike is the author of: “IFRS Simplified”, “Sarbanes-Oxley Simplified”, “Financial Statement Analysis Simplified” and "Credit for Canadians".

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