Webcast: Automotive Dealership Internal Control Activities (XSAUT217)
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This program will help the audit manager CPA understand what are the most important accounts that lead to the best cash flow for the dealership. It will also discuss what controls audit managers should observe during their visit, as well as the best practices for control activities and expenses in an automobile dealership.

9/8/2017
When: 09/08/2017
12:00 PM until 2:00 PM
Where: Webcast
SURGENT
AUT2-2017-01-WEBNR-251-01
United States
Presenter: Thomas Hern


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Acronym XSAUT217
CPE 2 hours
Vendor Surgent
Category
Accounting & Auditing
Level Basic
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for The management accounting person to improve their understanding of Automobile operations
Registration
Member $89
CPA Non-Member $114

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

This program will help the audit manager CPA understand what are the most important accounts that lead to the best cash flow for the dealership. It will also discuss what controls audit managers should observe during their visit, as well as the best practices for control activities and expenses in an automobile dealership.

Objectives

  • Understand the internal controls activities in an Automobile Dealership
  • Know automotive terms and how they apply to the business

Topics

  • The best practice control activities intervals: Daily, Weekly, Quarterly and Annually
  • Controls to observe during a client visit
  • 10 most important frozen cash accounts in a dealership
  • The importance of the Net Working Capital and Fixed Absorption Formulas
  • Reviewing dealership Expense Control
  • The important Tax Issues for an Automobile Dealership