Finance and Accounting PolicyPro

Compliance Made Easy

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Finance and Accounting PolicyPro
Finance, accounting and corporate governance policies and procedures

Product at a glance
Authors/Editors
Contents

Product at a glance

Finance and Accounting PolicyPro (FAPP) is a fast, easy, cost-effective way to build a solid internal control framework that complies with Canadian best business practices and compliance requirements.
FAPP contains a comprehensive collection of ready-to-use model finance, accounting and corporate governance policies and procedures. Each policy includes expert advice about why it’s needed, and how it can be implemented and customized. Because this content is included in both the print manual and the PolicyPro™ software application, FAPP is both an authoritative reference work as well as a powerful tool to create your own policy manual. And the powerful PolicyPro application is fully integrated with Word and Excel, so there's no new software to learn.
Co-published with the Canadian Institute of Chartered Accountants, FAPP policies and procedures are cross-referenced to the COSO internal control framework and the CICA’s Practice Engagement risk/control matrices.
Two-volume annual subscription looseleaf service. 6 updates per year. Approximately 800 pages. All content incorporated in PolicyPro software (included in price). Price: $575. Annual renewals: $370.

Authors/Editors

Co-author

Jeffrey D. Sherman, B.Comm., M.B.A., C.A., has over 20 years business experience as Chief Financial Officer of both public and private companies, as a consultant specializing in corporate finance, and has worked for a large chartered bank in various senior capacities. Mr. Sherman has lectured and conducted seminars for many organizations and was an adjunct professor at York University from 1985 - 2000. He has written extensively on contemporary finance, business and accounting issues. For more information about Mr. Sherman, click here.

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.

Contents

Volume I - Finance

Introduction
Chapter 1.00 - The Revenue Cycle
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
Chapter 2.00 - The Purchasing Cycle
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
Chapter 3.00 - Inventory and Costing
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
Chapter 4.00 - Payroll
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
Chapter 5.00 - Banking and Treasury
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
Chapter 6.00 - Fixed Assets
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
Chapter 7.00 - Accounting and Reporting
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

Volume II - Corporate Governance

Introduction
Chapter 1.00 - Governance
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
Chapter 2.00 - Strategy and Planning
2.01 Strategic planning
2.02 Business planning
2.03 Budgets and forecasts
2.04 Succession planning
Chapter 3.00 - General Management
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
Chapter 4.00 - Legal and Regulatory
4.01 Monitoring Laws and Regulations
4.02 Contract administration
4.03 Patents
4.04 Copyrights and trademarks
4.05 Litigation
Chapter 5.00 - Risk Management
5.01 Risk Assessment
5.02 Risk management
5.03 Business recovery planning
5.04 Insurance
5.05 Physical security
Chapter 6.00 - Internal Controls
6.01 Responsibility for internal control
6.02 Internal control processes
6.03 Internal Control Implementation