CPA CPE - The Corporate Controller Course Description

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The Corporate Controller

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The Corporate Controller course is designed for CPA CPE. General information about this course is listed below.

Prerequisite - None

Program Level - Basic

Advance Preparation - None

Instructional Delivery Method - This course includes a minimum of 5 review questions with correct and incorrect responses and 5 exam questions for each cpe hour. For the best results we recommend the following steps to complete this course:

(1) Complete the reading assignments. We recommend you read and study all of the required materials prior to beginning the review or final exam.

(2) Complete the related review questions. Each review question offers interactive feedback for all questions. We recommend that you view all feedback, correct and incorrect, to each question. These responses focus on key areas related to the questions and will assist in preparing for the exam.

(3) Complete the exam. Review any incorrect answers

Recommended CPE Credit - 15 hours. These hours are based on pilot testing results and a 100 minute study hour.

Course Registration Requirements - CPAs should check the Sponsor Information page to determine if this course is available in their state of registration. Not suitable for EAs.

Lesson and Objectives	Reading Assignment
The Corporate Controller
1. The Controller's Job	Chapter 1
The learning objectives for this lesson are to gain an understanding of: History of the controller's function Main job functions Job description Job Qualifications Organizational structure of the accounting department Ethics
2. Internal Control	Chapter 2
The learning objectives for this lesson are to gain an understanding of: Basic elements Controls to use in your business Elements of internal accounting control Levels of controls Responsibility for proper internal controls Fraud Auditing for fraud
3. Planning and the Strategic Plan	Chapter 3
The learning objectives for this lesson are to gain an understanding of: Strategic plan overview System of plans Planning cycle Planning roles Planning timing and planning period Business mission Developing long-range objectives Developing long-range strategies
4. Long-Range Financial Plan	Chapter 4
The learning objectives for this lesson are to gain an understanding of: Layout and purpose Trends of revenues and profits Capital investments Cash flows and financing requirements Risk analysis Breakdown by business unit/product line/geography Financial position
5. Annual Plan	Chapter 5
The learning objectives for this lesson are to gain an understanding of: System of plans Annual planning cycle Role of the controller Sales planning Steps in developing the near-term sales plan Methods for determining the sales forecast Useful sources for forecasting information Break-even chart Changes in the sales mixture, sales price, and the cost
6. Sales	Chapter 6
The learning objectives for this lesson are to gain an understanding of: Role of the controller Sales analysis Sales standards Sales reports Product pricing
7. Distribution Expenses	Chapter 7
The learning objectives for this lesson are to gain an understanding of: Role of the sales manager Analyzing distribution costs Analyzing by application Setting the distribution budget
8. Direct Materials and Labor	Chapter 8
The learning objectives for this lesson are to gain an understanding of: Objectives Role of the controller Types of cost systems Measuring and controlling direct material costs Controlling direct material quantities Measuring and controlling direct labor costs Target costing
9. Overhead	Chapter 9
The learning objectives for this lesson are to gain an understanding of: Need for overhead controls Responsibilities of the controller Account classifications Fixed and variable costs Cost allocation Controlling overhead Production reports
10. General and Administrative Expenses	Chapter 10
The learning objectives for this lesson are to gain an understanding of: Functions involved Accounting for and allocating administrative expenses "Unique" expenses Controlling costs
11. Cash and Investments	Chapter 11
The learning objectives for this lesson are to gain an understanding of: Objectives of cash management Role of the controller Cash collections Cash disbursements Investment of short-term funds Accounting for records of investment Cash and investment controls
12. Receivables	Chapter 12
The learning objectives for this lesson are to gain an understanding of: Functions of the credit department Shortening the receivables cycle Reserve for doubtful accounts Receivables fraud and control
13. Inventory	Chapter 13
The learning objectives for this lesson are to gain an understanding of: Inventory management systems Inventory tracking Physical inventory procedure Inventory valuation Inventory fraud and controls
14. Property, Plant, and Equipment	Chapter 14
The learning objectives for this lesson are to gain an understanding of: Role of the controller Capital budgeting Postproject appraisals Other aspects fo fixed assets
15.Liabilities	Chapter 15
The learning objectives for this lesson are to gain an understanding of: Objectives Controls Credit agreement provisions Debt capacity Bond ratings Leverage
16.Equity	Chapter 16
The learning objectives for this lesson are to gain an understanding of: Role of the controller Cost of Capital Dividend policy Long-term equity planning Repurchasing common shares Capital stock records
17.Operational Accounting	Chapter 17
The learning objectives for this lesson are to gain an understanding of: Creating departmental job descriptions Creating a departmental training program Clearing out excess documentation Documenting all major processes Scheduling the department Correcting the underlying cause of errors Use of best practices Outsourcing selected accounting functions
18.Closing Procedures	Chapter 18
The learning objectives for this lesson are to gain an understanding of: Selecting the fiscal year Selecting interim reporting periods Quick close
19.Performance Measurements and Trends	Chapter 19
The learning objectives for this lesson are to gain an understanding of: Performance measurements Trends Interrelationship of ratios Just-in-time ratios
20. Financial Analysis	Chapter 20
The learning objectives for this lesson are to gain an understanding of: Analyzing financial statements Analyzing working capital Analyzing capital investments Analyzing capacity utilization Analyzing financing options
21. Taxes	Chapter 21
The learning objectives for this lesson are to gain an understanding of: Tax strategy Tax organization Role of the tax manager Tax records Tax versus book accounting Proper classification of accounts
22. Selecting a Financial Information System	Chapter 22
The learning objectives for this lesson are to gain an understanding of: Reasons to purchase software Defining systems requirements Existing system documentation Joint sessions Preparing the request for proposal distribution of the request for proposal Review of the vendor's completed proposal Reference calls Demonstration Site visits Cost of the system Final selection Contract negotiations Postimplementation review
23. Project Risk Management	Chapter 23
The learning objectives for this lesson are to gain an understanding of: Project risk categories Project risk management approach
24. Implementing a Successful CRM Solution	Chapter 24
The learning objectives for this lesson are to gain an understanding of: Defining a business case to drive shareholder value Clearly communicating the change imperative Building a winning team Preparing for the worst
25. Organizations Large and Small Embrace Shared Services	Chapter 25
The learning objectives for this lesson are to gain an understanding of: Executive summary About the survey Business case Implementation Operations Customer relations Next steps
26. Information Technology Offshore and Outsourcing	Chapter 26
The learning objectives for this lesson are to gain an understanding of: What offshoring is Providers' approach to outsourcing and offshoring Variants: Build, buy, rent Popular start-up options How offshoring is different from engaging a local service provider Ensuring that risks and rewards are balanced Deciding if offshoring is good for a company
27. Change Management	Chapter 27
The learning objectives for this lesson are to gain an understanding of: Implementation history Competing projects Degree of disruption Cost of failure Risks

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