Business Processes and Internal Controls (BL5)

Description

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 process

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