Internal Control – a key to management success

Training Outline:

• Internal Control in brief
• The necessity of Internal Control
• Scope of Internal Control (it ranges from personal to the business arena and to the entire society at large)
• Internal control as an Aid to Management success i.e., Internal Control is a management tool to become successful
• “Trust, but verify” – the essence of internal control
• Components of effective internal control
• General Checklists of Internal control:
  • Control environment.
  • Accounting system.
• Few checklists of Internal Control
  • Checklist of Cash and Bank.
  • Checklist of procurement and payables.
  • Employee compensation (Salaries and wages).
  • Internal control checklists on stores/materials
  • Internal control checklist on labor/wages and salaries
• Internal control in large business/industrial units along with budgetary control.
• Special Notes on Internal Control
• Conclusion/ Limitations of Internal Control
• Q&A session

Note:

• All participants will get a digital certificate from Thriving Skills Limited.
• Must set up your first name, last name, and display name from settings of your profile for your certificate.
• Don’t click on the “FINISH COURSE” button.
• If you click on the “FINISH COURSE” button then the webinar will be finished and a Certificate will be generated.

Instructor of this Training:

M A Wahab

The courses of this Instructor:

1. Job Interview skills
2. Internal Control – a key to management success
3. Effective Budget preparation & Budgetary Control – essential for business success