Audit,Business Processes and Digitalization
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LKR1500
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3.Sales management
The videos include knowledge on below areas,

  • Sales process
  • Sales orders
  • Dispatch and delivery
  • Receipt
  • Risks and controls in the sales process
  • Customer selection and credit control

4.The procurement cycle
The videos include knowledge on below areas,

  • The procurement process
  • Supplier selection
  • Budgetary controls in purchasing
  • Placing orders and receiving delivery
  • Payment
  • Other aspects of procurement
  • Example purchasing process
  • Business risk in the procurement proces

5.Payroll management
The videos include knowledge on below areas,

  • The payroll system
  • Employees joining and leaving the organisation
  • Payment of wages and salaries
  • Attendance records
  • Running the payroll
  • Deductions from pay
  • Leave sheets
  • Payments of wages in cash
  • Payroll reconciliation
  • Business risks in the payroll process

6.Cash management
The videos include knowledge on below areas,

  • Avoiding the use of bank notes and coins for receipts and payments
  • Maintenance of a cash book
  • The current bank balance: balancing the cash book
  • Recording cash received and banked
  • Making payments from the bank account
  • Bank reconciliations
  • Cash surpluses: making investments
  • The petty cash system
  • Payments of petty cash claims
  • Recording petty cash claims in the petty cash book
  • Imprest system for petty cash
  • Business risks in the cash management process

7.Property, plant and equipment management
The videos include knowledge on below areas,

  • What is property, plant and equipment?
  • Controlling capital expenditure
  • Vendor selection and tender procedures
  • Recording non-current assets in the bookkeeping system
  • Non-current asset register
  • Physical controls over non-current assets
  • Disposal of non-current assets
  • Controls over non-current assets
  • Business risks associated with the PPE management process

8.Inventory management
The videos include knowledge on below areas,

  • Inventory control
  • Issuing materials from store
  • Storing materials
  • Inventory ordering quantities
  • Inventory control levels
  • Other systems of stores control
  • Physical safeguards for inventory
  • Business risks connected with the inventory management process
  • Inventory valuation