Overview
The accounts receivable
process includes the sub-cycles of acquiring and accepting customer
orders; writing sales contracts; granting customer credit; shipping or
otherwise delivering products or services; billing and recording sales
and lease transactions; maintaining and monitoring accounts receivable;
instituting effective collection procedures; recording and controlling
cash receipts; establishing pricing and promotional activities; and
properly valuing receivable balances.
In management's selection of procedures and techniques of control, the degree of control implemented is a matter of reasonable business judgment. The common guideline used in determining the degree of internal controls implementation is that the cost of a control should not exceed the benefit derived.
The Order to Cash Process (O2C) Process is comprised of several sub-processes that must have a foundation of internal controls for SOX 404 certification process. This webinar will explore those sub-processes and will highlight the risk risks and controls that are required for SOX 404.
In management's selection of procedures and techniques of control, the degree of control implemented is a matter of reasonable business judgment. The common guideline used in determining the degree of internal controls implementation is that the cost of a control should not exceed the benefit derived.
The Order to Cash Process (O2C) Process is comprised of several sub-processes that must have a foundation of internal controls for SOX 404 certification process. This webinar will explore those sub-processes and will highlight the risk risks and controls that are required for SOX 404.
Why should you attend this webinar?
- Learn how other processes impact the AR process.
- Learn about the Internal Control Standards for the AR and Order to Cash (O2C) Process
- Learn about the process risks and how key controls can mitigate these risks.
- Learn how to improve your SOX 404 process.
Areas Covered in the Session:
- Brief Overview of SOX 404
- What Auditors Look For
- Process Flow of the Order to Cash (O2C) Process
- The Sub-Processes Within the ORC Process
- Internal Control Standards
- Risks
- Key Controls
- Q&A
Who can Benefit:
- CFO
- Controller
- Accounts Receivable Management
- Corporate Credit Manager
- Customer Contract Management
- Corporate Counsel (Legal Department)
- Customer Master File Management
- Customer Order Management
- Customer Order Processors and Order Entry
Compliance Key INC
717-208-8666
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