How Does Internal Controls: Capital Assets Work?
Internal Controls: Capital Assets will familiarize you with the components of a comprehensive internal control framework with a focus on the importance of internal controls over capital assets. You will also learn how to determine what is required for a proper segregation of duties within the capital assets function. In addition, you will be provided tools to assist you in determining what duties should be segregated.
You have one (1) month to work through the six (6) course lessons. This course qualifies as an elective in the completion of the Local Finance Officer Certification Program for local government personnel in the State of Georgia. This course could also qualify for continuing professional education requirements for CPAs.
In this course you’ll work at your own pace and on your own schedule, assessing your knowledge through self-tests, interactive exercises, and end-of-lesson quizzes that provide instant feedback. Your successful completion of the quizzes at the conclusion of each lesson will allow you to progress to the next lesson’s quiz. Once you have successfully completed all of the end-of-lesson quizzes, you will have access to the final online course examination. At each step along the way, you’ll have access to a finance professional who will respond to your e-mailed questions: cviogelc@uga.edu
While working on the course, you’ll be able to refer to the online help for instructions on how to use the software tools and navigate through the course. For questions about the concepts presented in the course, you can contact a finance professional using the links provided in the course.
Course Requirements
To complete this course, you will read the online lessons, answer the lesson self-tests, and complete all interactive exercises/quizzes built into each lesson. You must score at least 100% on each of the lesson quizzes before you will be permitted to attempt the final examination.
About the Final Examination
The final is a timed exam. You have up to 60 minutes to complete the online exam for this course. You must complete the exam in one session. Therefore, you must allow for adequate uninterrupted time. The online final examination consists of 25 objective, multiple-choice, randomly generated questions, and one matching question. The questions for the final exam are presented to you all at one time. The questions may be answered in the order given or questions may be skipped and revisited later during your exam time. You must earn 70% or greater on the exam to complete this course successfully. If you do not earn 70% or greater on the final exam on your first attempt, one retest is available online. The retest is randomly selected and will not necessarily duplicate the same questions as the original exam (first attempt). Once the examination has been submitted for grading, you will learn your results immediately; however, you will not be able to see feedback on the questions that you answered incorrectly.
Four-Course Certificate Program
Upon successfully completing of all four internal controls courses, a Certificate of Program Completion from the University of Georgia is awarded to all enrollees who complete the four-course series in a 12-month period. The internal control series includes:
- Internal Controls: Accounts Payable and Cash Disbursements
- Internal Controls: Accounts Receivable and Cash Receipts
- Internal Controls: Capital Assets
- Internal Controls: Payroll