Top Ten Record to Report (R2R) Best Practices for AP

Why Should You Attend:

Statutory, regulatory, and compliance requirements can add another layer of complexity during the fiscal year end close. Global organizations are required to support reporting with multiple accounting standards, and new legislation requires new systems and processes. Today’s information age has created a class of investors and shareholders who expect fast and easy access to the data created by current business activities which places the focus on all financial reporting and corporate transaction organizations such as accounts payable.

This webinar will illustrate a ten-step R2R checklist regarding policies and procedures, accrued expenses, internal controls, reconciling accounts, reporting variances and more.

Areas Covered in the Webinar:

• Introductions
• Your Ten Step Checklist
1. Policies and Procedures
2. Accrued Expenses
3. Properly Recognizing Expenses
4. Roles and Responsibilities During the Financial Close
5. The Review Process
6. Internal Controls
7. Reconciling Accounts
8. Reporting Variances
9. Journal Entries
10. Financial Close Metrics

Who Will Benefit:

• Financial Officers
• Controllers
• Accounts Payable Executives
• Shared Service Center Executives
• Internal Auditors

Instructor Profile:

Chris Doxey has held senior finance and controller positions at Digital Equipment Corporation, Compaq Computer Corporation, Hewlett Packard, MCI, APEX Analytix, and BSI Healthcare. She has a bachelor's degree in English, a bachelor's in accounting, a master's in business administration, and a graduate certificate in project management. As a management consultant, Ms. Doxey uses her foundation of experience to provide best practices and solutions to her clients in the areas of compliance, auditing, internal controls, and fraud prevention. She also serves as the Executive Director of the Controller Certification Program for the IOFM.

Ms. Doxey is a Certified Accounts Payable Professional (CAPP), holds a Certification in Controls Self - Assessment (CSA), is a Certified Internal Controls Auditor (CICA), and is a Certified Professional Controller (CPC). She has authored The Controller’s Best Practices Guide and The Controller’s Best Practices Guide to the Financial Close for the IOFM and IMA. She has also published two handbooks: AP Leadership Skills and Implementing a Controls Self -Assessment Program for Accounts Payable. She writes articles, blogs, and whitepapers for professional organizations and solution providers. She also provides several webinars and presentations throughout the year.

Ms. Doxey is a member of the Institute of Internal Auditors (IIA), the Institute for Internal Controls (The IIC), the Institute of Financial Operations (IFO), and the Institute of Management Accountants (IMA). She is a board member of the IMA’s Ethics Committee and Research Foundation. She is also a member of the advisory board for The IIC and is president of the Washington DC area chapter for both the IFO and The IIC organizations.

Topic Background:

CFOs, controllers, accounts payable organizations, and corporate finance departments often find themselves in the eye of today’s market whirlwinds with both internal and external reporting requirements to fulfill. Timely, accurate, and consistent data is always of critical importance and operational and strategic decisions are based upon it and precise planning depends upon it. Statutory, regulatory, and compliance requirements add yet another layer of complexity. Global organizations are required to support reporting with multiple accounting standards, and new legislation requires new systems and processes. The information age has created a class of investors and shareholders who expect fast and easy access to the data created by current business activities.

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