Learn how governments use internal controls to protect their money.

A NASBA-approved course developed by the University of Georgia for government employees. Internal controls are the first line of defense in assuring that assets are safeguarded against fraud, waste and abuse.

Snapshot

Format: Online

Hours: 5.4

Credits: 0.54 CEUs / 6.5 CPEs

When: Start anytime

Cost: $279 - $319

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Internal Controls: Accounts Receivable and Cash Receipts will familiarize you with the comprehensive internal controls that should exist for accounts receivable and cash receipts in a governmental environment.

This self-paced, online course explains the fundamentals of internal control and the application of those controls over cash collections and accounts receivable. The online format allows you to progress at your own pace, augmented by consultation with a financial professional upon request.

Certificate of Program Completion
The course is one of four courses in the Internal Control series, which includes:

The University of Georgia will award a Certificate of Program Completion to graduates who successfully complete the four-course series in a 12-month period.

You will learn:

  • The definition and components of Internal Controls
  • The importance of Internal Controls and the limitations
  • Effective Internal Controls of cash receipts and accounts receivable
  • Reporting and correcting internal control deficiencies

This dynamic course has a detailed curriculum consisting of 7 lessons:

Lesson 1 — Internal Control Review

  • Recall the definition internal control.
  • Recognize the three categories of objectives and the five interrelated components of an effective internal control system.
  • Recall how objectives and components work together to create an effective internal control system.

Lesson 2 — Importance of Internal Control

  • Recall why internal controls are valuable to an organization.
  • Recognize internal control within GAGAS and the Single Audit Act.
  • Recall how internal controls are a deterrent to fraud.

Lesson 3 — Effective Internal Controls Over Cash Receipts

  • Recall the definition of cash and cash receipts.
  • Identify internal control objectives for cash and cash receipts.
  • Recognize how fraud occurs in the cash receipting function.

Lesson 4 — Effective Internal Controls Over Accounts Receivable

  • Identify internal control objectives for accounts receivable.
  • Recognize how fraud occurs in the receivable function

Lesson 5 — Segregation of Duties

  • Recall the definition of segregation of duties.
  • Identify duties that should be segregated for cash receipts/accounts receivable areas.
  • Recall how to complete a segregation of duties evaluator for a sample government.

Lesson 6 — Internal Controls Deficiencies

  • Recall internal control testing performed by external auditors.
  • Recognize the components for reporting internal control deficiencies.
  • Recognize the different types of internal control deficiencies.

Lesson 7 —Case Study in Developing Internal Controls for Cash Receipts/Accounts Receivable

  • Identify the internal controls missing by applying the knowledge acquired in this course.
  • Recognize what duties should be properly segregated.

Who Should Attend?

  • Governmental employees who require knowledge of the government’s internal controls relating to the accounts receivable and cash receipts processes.
  • Governmental employees who seek to meet the requirements of the Local Government Finance Officer Certification Program offered through the University of Georgia’s Carl Vinson Institute of Government.
  • Professionals with private sector experience who want to gain knowledge of the internal control’s necessary for accounts receivable and cash receipts.
  • Accounting professionals seeking continuing professional education credits.

Course Information

Course Number: 

1549-003

Course Date Info: 
  • Enroll at any time
  • Complete the course's required online quizzes and exercises within 30 days of issuance of course access details (i.e., a Welcome email containing the course URL, username and password)
  • To complete this course, you will read the lessons and complete each lesson's exercises and quizzes. At the conclusion of the final lesson, you must also successfully complete an online final examination with a score of 70% or better. Throughout the lessons, you will encounter many different types of interactive exercises
  • View Frequently Asked Questions for more details about the course.

Field of Study: Auditing (Governmental)
Delivery Method: QAS Self Study
Advance Preparation: None
Program Level: Basic
Prerequisites: None

Course Fee(s): 

$279 (US Funds) – Residents of Georgia
$319 (US Funds) – Non-Resident of Georgia
$50 (US Funds) – One-Month Extension (Only one extension is granted per participant)

Prepayment is required to be registered. Prices listed are per person. Prices are subject to change.

Cancellation/Refund Policy: If you have not accessed the online course at all, you may request a refund minus a $50 cancellation fee. Requests must be sent to student@georgiacenter.uga.edu no later than seven (7) days after the issuance of your course access information.