Course Outline for Accounting- expense/revenue.pptx

Course outline for accounting

1. Course Outline Business Process, Activity Drivers and Business Impact

2. Understanding the Revenue Recognition Principle What are the Processes Involve and its Impact? Sales Ordering Invoicing – change from Available for Sale to Invty Committed What’s the value of change in Inventory Status? Why do we have to invoice only SKUs to be delivered? What is purpose of Invoicing? Checking Out (change from Invty Committed to Sales in Transit) What is the value of change in Inventory Status? What is the purpose of doing the Delivery Receipt? What is the purpose of clicking the Check out Button? Acknowledgement – Revenue/Cost/AR Recognition What is the purpose of clicking the Acknowledgement? What if no acknowledgement? What can happen if payment is not honored? How to Reconcile Daily Sales Report How to Reconcile Daily Sales to AR Aging Report Why it is important to Pay off Receivables on Time? How to view report? Why is Collection/Cash Remittance Important?

3. Understanding the Expense Recognition What are the Processes Involve and its Impact? Purchase Ordering Goods Receiving What’s the importance of clicking the Goods Received on Time? What are the proforma accounting entries involved? What’s the importance of signing the Delivery Receipt and Reconciliation of DR with the customer’s Invoice? Document Clearing What is the importance of the review? How do I review? What is impact of incorrect price input during PO? What is impact of Docs Clearing Rejection? Who are the persons/function to be informed in cases of Docs Clearing Rejection? Why? What’s the proforma accounting entry Payment Processing and Releasing? Why it is important to pay on time? What are the implications if not able to pay on time What is Implication to the Cash Flow Planning? How to Reconcile Accounts Payable

4. Understanding the Expense Recognition What are the Processes Involve and its Impact? Purchase Ordering Goods Receiving What’s the importance of clicking the Goods Received on Time? What are the proforma accounting entries involved? What’s the importance of signing the Delivery Receipt and Reconciliation of DR with the customer’s Invoice? Document Clearing What is the importance of the review? How do I review? What is impact of incorrect price input during PO? What is impact of Docs Clearing Rejection? Who are the persons/function to be informed in cases of Docs Clearing Rejection? Why? What’s the proforma accounting entry Payment Processing and Releasing? Why it is important to pay on time? What are the implications if not able to pay on time What is Implication to the Cash Flow Planning? How to Reconcile Accounts Payable

5. Understanding Inventor and Inventory Movement What are the Activities driving Inventory Movement How Important is the Inventory to the Business? What can happen if we do not have available Stock? What are the Impact if we have overstocking? Goods Receiving Why Goods Receiving is to be done timely? What is its impact if not Gred on Time? Checked Out Why Checked out has to be performed timely also? What is its impact should there be count if Checked Out is not performed in the system? Stock Transfers Stock Withdrawals Inventory Disposals Proper Piling/Tagging Inventory Condemnation What’s my responsibility as the Warehouse Head/Clerk in all of these processes? What to confirm Daily? What Will I report Daily as Warehouse? How do I Reconcile? How to Count? What the Preparations and Guidelines? Daily Counting – Non Posting Monthly Counting - Posting

6. What’s Next?