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Finance & Accounting PolicyPro®

Policies and procedures are essential to managing risk and communicating internal controls, but the work required to create and maintain them can seem daunting. Finance & Accounting PolicyPro (FAPP) has over 270 sample policies, procedures and other documents, plus authoritative commentary in the areas of finance, corporate governance, operations and marketing to save you time and effort in establishing and updating internal controls.

Finance & Accounting PolicyPro helps to:

Meet your finance, accounting, corporate governance, marketing and operations obligations with Finance and Accounting PolicyPro
  • Bring the clarity and consistency that are essential for internal controls
  • Communicate requirements for meeting external and internal compliance requirements
  • Implement robust internal controls detailing how processes are to be managed to minimize inefficiency and fraud
Click here to take a free trial of Finance & Accounting PolicyPro Click here to see what policies and resources are included with FAPP
Bullet point image Loose-leaf and software formats
Bullet point image Six updates a year
Bullet point image One-year subscription: $875
Bullet point image Annual renewal: $655

Co-published by:

Finance and Accounting PolicyPro is co-published by CPA Canada and First Reference

Practical

FAPP is designed for directors, executives and managers who are responsible for managing risk and the efficient administration of the company. Use the PolicyPro software to:

Authoritative

Finance & Accounting PolicyPro is co-published with The Chartered Professional Accountants of Canada (CPA Canada), written by Jeffrey D. Sherman, Bcomm, MBA, CIM, FCPA, FCA, and edited by Apolone Gentles, JD, CPA, CGA, FCCA. The resource is the only policy-development service based on Canadian compliance and best practice. Each section includes expert commentary on why organizations need the policy and important considerations when developing a custom policy.

Current

Updated every two months, Finance & Accounting PolicyPro contains policies, procedures and commentary that reflect the most current compliance and best practice requirements based on recognized internal control and quality management frameworks, including the COSO Internal Control – Integrated Framework and ISO 9000 and ISO 14000 standards and PEM Risk/Control Practice Aids.

About Finance & Accounting PolicyPro

Loose-leaf (Click on the chapters for more information)

Volume I - Finance

Introduction

Chapter 1.00 - The Revenue Cycle
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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
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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
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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
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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
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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
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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
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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
  • 7.08 IFRS - International Financial Reporting Standards

Volume II - Corporate Governance

Introduction

Chapter 1.00 - Governance
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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
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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
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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
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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
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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
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Chapter 6.00 - Internal Controls

  • 6.01 Responsibility for internal control
  • 6.02 Internal control processes
  • 6.03 Internal Control Implementation
  • 6.04 Internal Control Monitoring

Print ISSN 1709-7029 Online ISSN 1923-8908
ISBN 978-0-9735149-8-8

Software

Use the PolicyPro® software to

Volume III (electronic version only)

Operations and Marketing

Chapter 1.00 - Design and Development
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Chapter 1.00 - Design and Development

  • 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

Chapter 2.00 - Storage and Delivery
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Chapter 2.00 - Storage and Delivery

  • 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

Chapter 3.00 - Non-conforming Product
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Chapter 3.00 - Non-conforming Product

  • 3.01 Control of Non-conforming Product
  • 3.02 Corrective Action
  • 3.03 Preventive Action
  • 3.04 Complaint Handling

Chapter 4.00 - Manufacturing
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Chapter 4.00 - Manufacturing

  • 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

Chapter 5.00 - Environmental Management
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Chapter 5.00 - Environmental Management

  • 5.01 Environmental Protection
  • 5.02 Hazardous Material Management
  • 5.03 Recycling
  • 5.04 Energy Conservation
  • 5.05 Sustainability
  • 5.06 Emissions Trading

Chapter 6.00 - Sales and Marketing
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Chapter 6.00 - Sales and Marketing

  • 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

Chapter 7.00 - Service
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Chapter 7.00 - Service

  • 7.01 Warranty Service
  • 7.02 Customer Service Management
  • 7.03 Service and Technical Support

Chapter 8.00 - Document and Data Control
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Chapter 8.00 - Document and Data Control

  • 8.01 Document Development
  • 8.02 Document Distribution
  • 8.03 Document Revision
  • 8.04 Temporary Changes to Documents
  • 8.05 Contract Revision
Authors and Editors

Jeffrey D. Sherman, Bcomm, MBA, CIM, FCPA, FCA, is a director or CFO of several public companies and has had over 20 years of executive management experience. His interests include corporate governance, risk management, accounting and finance, restructuring and start-up enterprises.

Mr. Sherman has lectured and conducted seminars for many organizations, and was an adjunct professor at York University for 15 years. He is a popular course director and course author for many organizations, including The Chartered Professional Accountants of Canada (CPA Canada) and other provincial institutes of chartered professional accountants and law societies, and has written many magazine articles on finance and accounting. He has written over 20 books including: Finance & Accounting PolicyPro, Not-for-Profit PolicyPro and Information Technology PolicyPro (guides to risk management, governance, procedures and internal controls, all published by First Reference and CPA Canada), Cash Management Toolkit (published by CPA Canada), as well as Canadian Cash and Treasury Management, Canadian Risk Management and Financial Instruments: A Guide for Financial Managers (all published by Thomson-Reuters/Carswell).

Apolone Gentles, JD, CPA, CGA, FCCA, is an Ontario lawyer and editor with over 20 years of business experience.

She has held senior leadership roles in non-profit organizations, leading finance, human resources, information technology and facilities teams. She has also held senior roles in audit and assurance services at a "Big Four" audit firm. Apolone has also lectured in auditing, economics and business at post-secondary schools.

Co-published by:

Finance and Accounting PolicyPro is co-published by CPA Canada and First Reference
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