Finance and Accounting PolicyPro

Ready-to-Use Policies You Can Trust

Product at a glance
Authors/Editors
Contents

Co-published with the CICA, Finance & Accounting PolicyPro contains the tools and resources to establish and maintain robust internal controls in the areas of finance, accounting, corporate governance, operations and marketing. Updated six times a year, the publication offers:

Resources to quickly understand what policies are needed, build a policy manual and keep it up to date
Access to over 90 samples of finance and accounting plus 50 samples of operations model policies which may either be used "as is" or edited to fit your preferences
A comprehensive overview of each policy, and advice on how it should be written and applied
Sample policies on the revenue and purchasing cycles, inventory and costing, payroll, banking and treasury, fixed assets, accounting and reporting
Corporate governance model policies dealing with board policies, strategy and planning, legal and regulatory issues and risk management
Environmental management and sustainability model policies
Model policies and procedures based on recognized internal control and quality management frameworks, including the COSO Internal Control - Integrated Framework and ISO 9000 and ISO 14000 standards
PEM Risk/Control Matrices to identify key controls that must be tested to satisfy audit objectives in the CICA’s Practice Engagement Manual
Free 30-day trial. One year FAPP subscription $745, annual renewals $475

Co-author

Jeffrey D. Sherman, MBA, FCSI, FCA, has over 20 years business experience as chief financial officer and as an author, lecturer and professor focussing on corporate finance. Mr. Sherman has lectured and conducted seminars on topics such as corporate governance, internal control, treasury and derivatives, advanced accounting issues, cash management, and risk management. He has presented to many different organizations including the Treasury Management Association of Canada, Canadian Bar Association, Law Society of Upper Canada, Institute of Chartered Accountants of Ontario, Canadian Management Association, Infonex, Insight, Acumen, Institute of Chartered Accountants of Nova Scotia, Institute of Chartered Accountants of Manitoba. More....

Co-author

Stephanie F. Smith, B. Comm., M.B.A., is the principal of a contract executive and management consulting firm. Her hands-on policy and operational experience with small and medium-sized organizations spans business, government and not-for-profit. Ms. Smith has helped many organizations create business policies that are relevant and easy to use and implement.

Looseleaf Version
The looseleaf manuals provide comprehensive, straightforward, authoritative and current guidance on internal control issues.

(Click on the links below to learn more.)

Volume I - Finance

Introduction
- 1.01 Point of Sale Revenues
- 1.02 Customer Order Processing
- 1.03 Sales Contracts
- 1.04 Extending Credit
- 1.05 Sales Commissions
- 1.06 Warranties and Guaranties
- 1.07 Customer Refunds
- 1.07 Customer Refunds - Retail
- 1.08 Overdue Accounts and Bad Debts
- 1.08 Overdue Accounts and Bad Debts - Statement
- 1.09 Revenue Recognition
- 1.10 Accounting for Retail Sales Promotions
- 1.11 Sales Taxes
- 1.12 Management Reporting
- 2.01 Expense Authorization
- 2.02 Petty Cash
- 2.03 Company Credit Cards
- 2.04 Expense Advances and Expense Allowances
- 2.05 Travel Guidelines
- 2.06 Purchase Orders
- 2.07 Supplier Records and Management
- 2.08 Purchase Contracts
- 2.09 Receipt of Purchased Goods and Services
- 2.10 Payment for Purchased Goods and Services
- 2.11 Supplier Refunds and Discounts
- 2.12 Recognition of Costs
- 2.13 Sales Tax Paid or Payable
- 2.14 Management Reporting
- 3.01 Raw Materials Inventory
- 3.02 Work in Process Inventory
- 3.03 Finished Goods Inventory
- 3.04 Inventory Count
- 3.05 Costing
- 3.06 Management Reporting
- 4.01 Employee Records
- 4.02 Employee Benefits
- 4.03 Salaries, Wages and Overtime
- 4.04 Commissions
- 4.05 Bonuses
- 4.06 Pension Plan (Group RRSP)
- 4.07 Recognition of Costs
- 4.08 Management Reporting
- 5.01 Bank Accounts
- 5.02 Cash Receipts
- 5.03 Returned Items
- 5.04 Cheque Issuance
- 5.05 Investing Excess Funds
- 5.06 Loans to Employees
- 5.07 Loans and Borrowing
- 5.08 Foreign Currencies and Foreign Exchange Management
- 5.09 Cash Management
- 5.10 Financial Instruments
- 6.01 Fixed Asset Acquisition and Records
- 6.02 Security of Fixed Assets
- 6.03 Amortization
- 6.04 Fixed Asset Inventory
- 6.05 Disposal Of Fixed Assets
- 7.01 Use of Generally Accepted Accounting Principles
- 7.02 Management and Financial Reporting
- 7.03 Financial Disclosure and Notes
- 7.04 Accounting Controls
- 7.05 General Accounting Procedures
- 7.06 Spreadsheets
- 7.07 Income Taxes
- 7.08 IFRS - International Financial Reporting Standards

Volume II - Corporate Governance

Introduction
- 1.01 Board structure and mandate
- 1.02 Role, rights and responsibilities of stakeholders
- 1.03 Role, rights and responsibilities of directors
- 1.04 Role, rights and responsibilities of executive officers
- 1.05 Board of directors meetings
- 1.06 Shareholders meetings
- 1.07 Board committees
- 1.08 Relationship with Internal Auditors
- 1.09 Relationship with External Auditors
- 1.10 Ethics and business conduct
- 1.11 Confidentiality and privacy
- 1.12 Governance in a not-for-profit organization
- 2.01 Strategic planning
- 2.02 Business planning
- 2.03 Budgets and forecasts
- 2.04 Succession planning
- 3.01 Policy development and document control
- 3.02 Quality management
- 3.03 Management reports and review
- 3.04 Public relations
- 3.05 Delegation of authorities and authorization procedures
- 3.06 Records management and retention
- 4.01 Monitoring Laws and Regulations
- 4.02 Contract administration
- 4.03 Patents
- 4.04 Copyrights and trademarks
- 4.05 Litigation
- 5.01 Risk Assessment
- 5.02 Risk management
- 5.03 Business recovery planning
- 5.04 Insurance
- 5.05 Physical security
- 6.01 Responsibility for internal control
- 6.02 Internal control processes
- 6.03 Internal Control Implementation
- 6.04 Internal Control Monitoring

Electronic Version

Provides an easy way to build, maintain and distribute a policy manual from reliable and easily customizable model policies.
Contains over 90 model finance and accounting policies in ready-to-use format covered in the looseleaf manuals
Contains 50 operations policies in ready-to-use format
- - 1.01 Product Development
  - 1.02 Design and Development Plan
  - 1.03 Design Input
  - 1.04 Design Output
  - 1.05 Design Review
  - 1.06 Design Verification
  - 1.07 Design Validation
  - 1.08 Design Transfer
  - 1.09 Design Change
- - 2.01 Receiving
  - 2.02 Inspection and Testing
  - 2.03 Inspection, Measurement and Test Equipment
  - 2.04 Storage
  - 2.05 Handling
  - 2.06 Packaging
  - 2.07 Delivery
- - 3.01 Control of Non-conforming Product
  - 3.02 Corrective Action
  - 3.03 Preventive Action
  - 3.04 Complaint Handling
- - 4.01 Product Identification and Traceability
  - 4.02 Production Scheduling
  - 4.03 Process Control
  - 4.04 Production Equipment Maintenance
  - 4.05 Audits
  - 4.06 Training
- - 5.01 Environmental Protection
  - 5.02 Hazardous Material Management
  - 5.03 Recycling
  - 5.04 Energy Conservation
  - 5.05 Sustainability
  - 5.06 Emissions Trading
- - 6.01 Plans, Research and Strategy
  - 6.02 Advertising and Direct Marketing
  - 6.03 Product Identifiers
  - 6.04 Corporate Image and Communication Standards
  - 6.05 Corporate Website
  - 6.06 Sales Training
  - 6.07 Customer Relationship Management
  - 6.08 Trade Shows
  - 6.09 Customer Satisfaction Survey
  - 6.10 Requests for Quotation
  - 6.11 Sales Leads
  - 6.12 Do Not Call Registry
- - 7.01 Warranty Service
  - 7.02 Customer Service Management
  - 7.03 Service and Technical Support
- - 8.01 Document Development
  - 8.02 Document Distribution
  - 8.03 Document Revision
  - 8.04 Temporary Changes to Documents
  - 8.05 Contract Revision