Policies and procedures are the foundation of internal controls for organizations. Taking a complicated subject and breaking it into manageable components, this book enables you to hit the ground running and significantly accelerate your completion of a solid policies and procedures program. Comprehensive and practical, this useful book provides you with sample documents you can personalize and customize to meet your company's needs.These manuals are favorites for organizations and companies that need a foundation and grounding to ensure an internal control posture of integrity, credibility, method, process and process: or a reminder of its importance. URLs were included when first published to encourage the dissemination and distribution of relevant chapters to those interested and in charge of the specific departments. Although times have changed, the principles professed are sound and solid for today s accounting and business environment. Implementing these cornerstones will produce a principled manageable approach. These manuals can be used by accounting individuals, finance departments, sole proprietor businesses, large corporations, accounting / auditing students and any others interested in specific topics or general disciplines. The discipline for the oversight processes and procedures are important when introducing or implementing auditing practices whether in accounting or throughout the organization. These manuals should be used together to provide the basics when setting up a department or specific process discipline, for learning about the strengths, weaknesses and opportunities within the specific focus areas.

Policies and procedures are the foundation of internal controls for organizations. Taking a complicated subject and breaking it into manageable components, this book enables you to hit the ground running and significantly accelerate your completion of a solid policies and procedures program. Comprehensive and practical, this useful book provides you with sample documents you can personalize and customize to meet your company's needs.These manuals are favorites for organizations and companies that need a foundation and grounding to ensure an internal control posture of integrity, credibility, method, process and process: or a reminder of its importance.URLs were included when first published to encourage the dissemination and distribution of relevant chapters to those interested and in charge of the specific departments.Although times have changed, the principles professed are sound and solid for today's accounting and business environment. Implementing these cornerstones will produce a principled manageable approach.These manuals can be used by accounting individuals, finance departments, sole proprietor businesses, large corporations, accounting / auditing students and any others interested in specific topics or general disciplines.The discipline for the oversight processes and procedures are important when introducing or implementing auditing practices whether in accounting or throughout the organization.These manuals should be used together to provide the basics when setting up a department or specific process discipline, for learning about the strengths, weaknesses and opportunities within the specific focus areas.

How to Use this Manual xiiiPreface xviiBefore Getting Started xixGetting Started with the Program xxiiiDeveloping the Table of Contents xxviiSelf Assessment xxxiProgram 1A01 Program Mandate 3A02 Overview--Getting Started: Presentation 9A03a Create, Revise, Issue Policies and Procedures 21A03b Template--Name of Document 26A04 Request to Deviate from Policies and Procedures 28A05 Rescind Policies and Procedures 32Policies and Procedures 35B01 Account Reconciliation 37B02 Accounting for Compensated Absences 41B03 Accounting for Goodwill, Patents, Trademarks, and Other Intangible Assets 44B04 Accounting for Mergers and Acquisitions 47B05 Accounting for Post-Employment Benefits 50B06 Accounting for Restructuring and Reorganization 53B07 Accounting for Sales Compensation: Expense, Accrual, Reconciliation 57B08 Accounts Payable: Request for Payment to Third Party Vendors 62B09 Accounts Receivable: Allowance for Doubtful Accounts 68B10 Accounts Receivable: Third-Party Trade and Customer--Credit, Collection, and Cash Applications 72B11 Accruals 81B12 Accounting and Audit-Related Complaints 86B13 Authorization: Delegation, SubDelegation of Authority 90B14 Bank Reconciliation 100B15 Business Combinations, Consolidation and Foreign Entity Reporting 103B16 Business Licenses 106B17 Cash and Banking 109B18 Communication with Financial Community 116B19 Escheat, Abandoned Property, Unclaimed Checks: U.S., Canada, and Where Local Regulations Require 119B20 Finance Code of Ethical Conduct 123B21 Key Financial Indicators 126B22 Financial Planning and Analysis 131B23 Property, Plant and Equipment: Fixed Assets, Long-Lived Assets, Tangible Assets 134B24 Foreign Currency Risk Management 153B25 Funding and Financing Risk Management 156B26 Hiring and Use of External Auditors 158B27 Income Tax Preparation and Reporting 164B28 Insurance and Risk Management 169B29 Intercompany Transactions 174B30 Inventory 180B31 Investment and Marketable Securities 186B32 Journal Entries: Routine, Non-Routine, and Estimates 189B33 Capital, Operating Leases, and Real Estate Rental Property 195B34 Letter of Representation, Quarterly Financial Sub Certification Process 202B35 Payroll and Salary Expense 208B36 Petty Cash 212B37 Physical Counts and Evaluation for Inventory, Property, Plant and Equipment 216B38 Prepaid Assets/Expenses 219B39 Revenue Recognition 222B40 Source and Use of Exchange Rates 228B41a Travel, Entertainment, and Expense 231B41b Travel, Entertainment, and Expense Manual 235Bonus Policies and Procedures 251C01 External Communications and Public Relations 253C02 Material Nonpublic Information and Insider Trading 261C03 Procurement 265C04 Records Information Management 270Index 287