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