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Live Webcast Replay

K2's 2023 Implementing Internal Controls In Quickbooks Environments


Total Credits: 4 including 4 Auditing- Technical

Average Rating:
Not yet rated
Categories:
ACPEN Industry Institute |  Industry |  Accounting and Auditing
Faculty:
Thomas G. Stephens Jr., CPA.CITP, CGMA
Course Levels:
Intermediate
Duration:
4 hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

The QuickBooks ecosystem of accounting tools remains the most widely-used set of accounting applications used by small businesses. Yet, many of these organizations struggle because of inadequate internal controls. In this seminar, you will learn options for improving internal controls in small businesses running QuickBooks Pro, Premier, Enterprise, or Online. Participate in this program to understand how you can create a robust system of internal controls in a small business environment, including businesses using QuickBooks accounting solutions.

In this session, you will also learn about the four common types of internal controls and how to assess the relative condition of the internal control structure of a small business. With this background in place, the focus then shifts to discovering the opportunities to enhance internal controls in QuickBooks-based environments using features found in the application. In addition, you will learn about additional internal control procedures for situations where you cannot establish adequate controls in QuickBooks. In sum, while many believe that QuickBooks-based organizations will forever face weak internal control structures, by participating in this session, you will learn how QuickBooks-based businesses can benefit from strong internal controls.

Basic Course Information

Learning Objectives
  • Identify the importance of internal controls in QuickBooks environments
  • List four common types of internal controls and provide examples of each
  • Assess the relative strength or weakness of a QuickBooks-based organization’s internal control structure
  • Create and implement effective internal controls using tools and features found in various editions of QuickBooks

Major Subjects
  • Critical risks in QuickBooks environments
  • Internal control options that can mitigate risk to prudently acceptable levels
  • Enabling alternative control measures to improve internal controls in QuickBooks environments

Course Materials

Faculty

Thomas G. Stephens Jr., CPA.CITP, CGMA's Profile

Thomas G. Stephens Jr., CPA.CITP, CGMA Related Seminars and Products

Shareholder

K2 Enterprises


Tommy Stephens received a Bachelor of Science in Business Administration degree (Major in Accounting) from Auburn University in 1985. In 1992, he earned a Master of Science degree (Major in Finance) from Georgia State University in Atlanta. Presently, Tommy is a Certified Public Accountant, a Certified Information Technology Professional, and a Chartered Global Management Accountant.

During his professional career, Tommy has gained valuable experience in a variety of positions, including:

  • Working as an auditor and technology consultant for an Atlanta-based public accounting firm;
  • Leading an Internal Audit staff and managing a Cost Accounting team for a Fortune 500 company;
  • Serving as a Chief Financial Officer for an international engineering organization; and
  • Founding and managing his public accounting firm that provides accounting, tax, and consulting services to individuals and a variety of small and emerging businesses.

In 1995, Tommy began authoring and presenting continuing professional education courses to accounting and finance professionals. In 2003, he affiliated with K2 Enterprises, and in 2007, he joined the firm as a partner. To date, he has lectured internationally on subjects such as internal controls for small businesses, technology strategies, computer hardware and software applications, tax strategies and compliance, and financial accounting standards and applications. Over the past twenty-five years, Tommy has presented over 2,700 educational sessions to over 70,000 participants throughout the United States and Canada.

Presently, Tommy resides in Woodstock, Georgia, where he enjoys an active personal life with his wife. His hobbies include snow skiing, fishing, running, and other outdoor activities. Tommy maintains professional memberships with the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants. Additionally, he is a past member of the Institute of Internal Auditors.


Dates

Tue, May 07, 2024 - 12:00pm to 03:36pm EDT
Wed, May 29, 2024 - 02:00pm to 05:36pm EDT
Wed, Jun 05, 2024 - 04:00pm to 07:36pm EDT
Thu, Jun 20, 2024 - 10:00am to 01:36pm EDT
Thu, Jun 27, 2024 - 06:00pm to 09:36pm EDT
Tue, Jul 09, 2024 - 10:00am to 01:36pm EDT
Wed, Jul 31, 2024 - 12:00pm to 03:36pm EDT
Fri, Aug 16, 2024 - 10:00am to 01:36pm EDT
Fri, Aug 30, 2024 - 12:00pm to 03:36pm EDT
Tue, Sep 03, 2024 - 10:00am to 01:36pm EDT
Sat, Sep 21, 2024 - 12:00pm to 03:36pm EDT
Fri, Oct 04, 2024 - 10:00am to 01:36pm EDT
Tue, Oct 15, 2024 - 12:00pm to 03:36pm EDT
Mon, Nov 11, 2024 - 10:00am to 01:36pm EST
Tue, Nov 26, 2024 - 12:00pm to 03:36pm EST
Tue, Dec 03, 2024 - 10:00am to 01:36pm EST
Thu, Dec 12, 2024 - 12:00pm to 03:36pm EST
Sat, Dec 21, 2024 - 10:00am to 01:36pm EST
Tue, Jan 07, 2025 - 12:00pm to 03:36pm EST
Thu, Jan 16, 2025 - 10:00am to 01:36pm EST
Sat, Feb 15, 2025 - 12:00pm to 03:36pm EST
Fri, Feb 28, 2025 - 10:00am to 01:36pm EST
Fri, Mar 07, 2025 - 12:00pm to 03:36pm EST
Tue, Mar 25, 2025 - 10:00am to 01:36pm EDT
Fri, Apr 04, 2025 - 12:00pm to 03:36pm EDT
Sat, Apr 26, 2025 - 10:00am to 01:36pm EDT
Thu, May 01, 2025 - 12:00pm to 03:36pm EDT
Tue, May 13, 2025 - 10:00am to 01:36pm EDT

Additional Info

Basic Course Information

Original Recording Date 2023
Date Added to Catalog 8/25/2023
Prerequisites Fundamental knowledge of internal controls and QuickBooks solutions
Advanced Preparation None
Designed For  Accountants and other business professionals who want to improve internal controls in QuickBooks and QuickBooks Online environments
Course Developer K2 Enterprises
Yellow Book No

Additional Information

Instructional Delivery Method Group Internet Based
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Course Registration Requirements Online Registration

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