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Live Webcast Replay

K2’s Implementing Internal Controls in QuickBooks Environments


Total Credits: 4 including 4 Auditing- Technical

Average Rating:
   4.8
Category:
ACPEN Industry Institute |  Industry |  Accounting and Auditing
Faculty:
Tommy Stephens
Course Levels:
Intermediate
Duration:
4 hours
License:
Access for 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 in use by small businesses, yet many of these organizations struggle because of inadequate internal controls. In this seminar, you will learn options for how you can improve internal controls in small businesses running QuickBooks Pro, Premier, Enterprise, or Online.

 

Through participating in this program, you will learn the importance of maintaining a strong system of internal controls in a small business environment, including businesses using QuickBooks accounting solutions. 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 by using features found in the application. In addition, you will learn about supplemental internal control procedures for situations where effective controls cannot be established through QuickBooks. In sum, while many believe that QuickBooks-based organizations are destined for weak internal control structures, by participating in this program you will learn how QuickBooks-based businesses can benefit from a strong system of internal controls.

Basic Course Information

Learning Objectives

Upon completing this course, you should be able to:

  • 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
  • Auditing
  • Quickbooks

Course Materials

Faculty

Tommy Stephens Related seminars and products: 46


Thomas G. Stephens, Jr., received a Bachelor of Science in Business Administration degree (Major in Accounting) from Auburn University in 1985.  Upon graduation, Mr. Stephens began working for an Atlanta-based public accounting firm.  After earning his designation as a Certified Public Accountant, Mr. Stephens worked for BellSouth Corporation in Atlanta as an Internal Auditor.  After two years as an auditor, he was promoted to Staff Manager and then Operations Manager of the Internal Audit Group.  In 1991, he transferred to the Comptrollers’ department of BellSouth and served as Manager of the Cost Accounting organization.   While working full-time at BellSouth Corporation, Mr. Stephens also attended graduate school, earning a Masters of Science (Major in Finance) from Georgia State University in 1992.

Mr. Stephens left BellSouth in 1994 and opened his public accounting practice in the metropolitan Atlanta area.  In his practice, Mr. Stephens provides accounting, tax, and consulting services to individuals and a wide variety of small and emerging businesses.  Additionally, in 1995 he began authoring and presenting continuing professional education courses to accounting and finance professionals.  In 2003, Mr. Stephens affiliated with K2 Enterprises and in 2007 he joined the firm as a partner. To date, he has lectured nationally 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-two years, Mr. Stephens has presented over 2,100 educational sessions to over 61,000 participants nationwide.

Presently, Mr. Stephens resides in Woodstock, Georgia where, in addition to his association with K2 Enterprises, he provides consulting services to small businesses and CPA firms.  In addition to an active professional career, Mr. Stephens enjoys an active personal life as well.  He and Michelle – his wife of thirty-one years – have two children.  His hobbies include snow skiing, fishing, and running.  Additionally, Mr. Stephens maintains professional memberships with the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants and is a past member of the Institute of Internal Auditors.


Dates

Sat, Mar 13, 2021 - 02:00pm to 05:41pm EST
Fri, Mar 26, 2021 - 09:30am to 01:11pm EDT
Tue, Apr 13, 2021 - 02:00pm to 05:41pm EDT
Mon, Apr 26, 2021 - 09:30am to 01:11pm EDT
Thu, May 13, 2021 - 02:00pm to 05:41pm EDT
Wed, May 26, 2021 - 09:30am to 01:11pm EDT
Mon, Jun 14, 2021 - 02:00pm to 05:41pm EDT
Sat, Jun 26, 2021 - 09:30am to 01:11pm EDT
Tue, Jul 13, 2021 - 02:00pm to 05:41pm EDT
Mon, Jul 26, 2021 - 09:30am to 01:11pm EDT
Fri, Aug 13, 2021 - 02:00pm to 05:41pm EDT
Thu, Aug 26, 2021 - 09:30am to 01:11pm EDT
Mon, Sep 13, 2021 - 02:00pm to 05:41pm EDT
Thu, Sep 23, 2021 - 09:30am to 01:11pm EDT
Wed, Oct 13, 2021 - 02:00pm to 05:41pm EDT
Tue, Oct 26, 2021 - 09:30am to 01:11pm EDT
Sat, Nov 13, 2021 - 02:00pm to 05:41pm EST
Mon, Nov 29, 2021 - 09:30am to 01:11pm EST
Mon, Dec 13, 2021 - 02:00pm to 05:41pm EST
Wed, Dec 29, 2021 - 09:30am to 01:11pm EST

Additional Info

Basic Course Information

Original Recording Date 2020
Date Added to Catalog 8/19/2020
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

Reviews

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Overall:      4.8

Total Reviews: 11

Comments

Dawn Y

"THANK YOU!"

Robbins A

"Great topic with real life applications"

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