Course

Course Summary
Credit Type:
Course
ACE ID:
MACI-0094
Organization's ID:
5812
Organization:
Management Concepts, Inc.
Location:
Classroom-based
Length:
3 days, 21 hours
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 1 Accounting, Business Administration, or Financial Controls
Description

Objective:

To provide learners with tools and hands-on experience in completing critical parts of the internal control over financial reporting (ICOFR) process, from initial planning through reporting on the results.

Learning Outcomes:

  • Discuss the importance of ICOFR in the current accountability environment, define and explain the concepts, requirements, and terminology of ICOFR
  • Draw relationships between the key programmatic and financial stakeholders in the ICOFR process
  • Coordinate ICOFR requirements with performance and accountability reporting and other related requirements
  • Describe and apply a structured and systematic approach for ICOFR
  • Identify the roles and responsibilities of participants of the ICOFR process
  • Ensure reliable reporting under ICOFR and avoid common pitfalls
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Classroom Exercise
  • Discussion
  • Lectures
Supplemental Materials