Accounting Policies and Procedures Manual: A Blueprint for Running an Effective and Efficient Department, Fifth Edition

Chapter 8. Accounting Controls Manual

Introduction

The controls in this controls manual can be used as a checklist to ensure that a complete control system is in place for all major accounting transactions. The following list itemizes the groups of controls to be found within this accounting controls manual:

• Basic order entry

• Computerized order entry

• Electronic order entry

• Basic credit granting

• Computerized credit granting

• Basic purchasing

• Basic inventory procurement

• Computerized purchasing

• Procurement cards

• Goods in transit

• Manual receiving

• Computerized receiving

• Receiving—evaluated receipts

• Manual accounts payable

• Computerized accounts payable

• Manual cash disbursements

• Computerized cash disbursements

• Electronic payments

• Obsolete inventory

• Manufacturing resources planning

• Just-in-time manufacturing

• Basic shipping

• Drop shipping

• Shipping—evaluated receipts

• Basic billing

• Computerized billing

• Advanced billing systems

• Credit memos

• Basic cash receipts

• Basic check handling

• Computerized check handling

• Credit card receipts

• Lockbox receipts

• Petty cash

• Investments

• Basic payroll

• Basic inventory storage/movement

• Basic perpetual inventory tracking

• Computerized perpetual inventory tracking

• Inventory bar code scanning

• Inventory zone putaway and picking

• Inventory pick-to-light

• Inventory cross-docking

• Inventory valuation

• Computerized timekeeping

• Computerized payroll

• Payroll self-service

• Cash payroll payments

• Electronic payroll payments

• Electronic payroll remittances

• Outsourced payroll

• Fixed assets

The sequence of controls in the list follows the standard ...