1 CPE Although travel and entertainment expenses are often a small component of overall corporate expenditures, they are one of the highest inherent risk areas for inappropriate costs and fraud. Expenditures are a businessman's best friend but can also be management's worst nightmare if not properly handled. This process area inherently provides prime opportunity for unauthorized or inappropriate and lavish expenditures by executives and personnel. When this occurs, more than just dollars are at stake for the company. Uncontrolled and poorly managed travel and entertainment expenditures can impact reputation, operations and compliance areas.
This course provides insight into how to bring control and intelligent management to your company's T&E expenditures by bringing people, process and technology to bear along with best practices.
Who can Benefit:
- Professionals in the office of the CFO
- CEO/CFO
- Board Members
- Internal Auditors
- Compliance Professionals
- Operational professionals
- Finance Professionals
Learning Objectives
- Recognize the role of technology in managing travel and entertainment (T&E) expenses
- Identify automated expense tools
- Identify methods for evaluating T&E expenses
- Discover policy thoughts on T&E expenses
- Discover safeguards for T&E expenses
Last updated/reviewed: March 7, 2024
Included In Certifications
This course is included in the following Certification Programs:
15 CoursesNot-For-Profit and Small Business Entities Certification
- Introduction to Not-for-Profit Entities
- Introduction to Accounting for Not-For-Profit Entities
- Identifying and Implementing the Proper Balance of Internal Controls
- Segregation of Duties for Core Business Processes
- Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
- Bookkeeping: Payroll And Expenses
- Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
- Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
- Management Internal Control Essentials
- Financial Statement Essentials for Not-for-Profits
- Not-for-Profit Financial Statements Part 2
- Not for Profit Financials - Focus on Net Assets
- Cyber Risk in Small-Medium Entities
- Fraud in Small-Medium Entities
- Not-For-Profit Accountability and Responsibility
15 CoursesManagement Oversight, Analysis and Internal Controls Certification
- Management Internal Control Essentials
- Comprehensive Examination of COSO 2013: Components and Principles
- Keys to an Effective Code of Conduct
- Fraud Risk Assessments
- Enterprise Risk Management 101
- Identifying and Implementing the Proper Balance of Internal Controls
- Information Technology (IT) Controls in Emerging Business Environments
- Analyzing Financial Ratios - Solvency, Liquidity and Debt
- Analyzing Financial Ratios - Leverage
- Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
- Keys to Understanding Conflicts of Interest
- Documentation Methods For Internal Control Processes
- Segregation of Duties for Core Business Processes
- Professional Skepticism - Keys to Maintaining
- Whistleblower Hotlines - Effective Management
63 Reviews (282 ratings)
Reviews
Anonymous
()
This is an area that's sometimes overlooked and takes a bit of effort to keep on top of. Thanks for the pointers.
Anonymous
(Anonymous)
Excellent course on travel and entertainment expenses. The course gives very good explanations on why you should have a T&E policy as this is an area that can be abused. I've performed T&E audits and have seen people try to take advantage especially when your policy is weak.
Lawrence Hirsch
(Controller at Builders design)
Ah Ha, automation of T & E is the bomb. That is the direction my company needs to move in. Thank you for mentoring me in this course. Lynn, yet again the time I spend with you returns value for my time. Thank you, Larry
Garrett Ancel
(Travel & Expense Specialist at Charter Communications)
Great Course. It was very informative. I liked learning about the different ways that employees can help to prevent fraud from happening whether it be from executives or regular employees. Lots of options were explained.
Janette Fulton
(Bookkeeper, Administrative support at Heavenly Host Lutheran ECC)
I have predominately been in charge of T&E in my career, which I enjoy, but wow, some people try the darndest things! Policy is KEY in calling out fraudulent charges. Companies that have clear policies are the best!
Michael Izzo
(Accounting Manager at Stream.io, INC.)
A lot of times we overlook the T&E policy especially during times of COVID when traveling has been limited. This was a great refresher on safeguards and using analytical skills to find abuse of policies.
Anonymous
(Accounting Manager)
This course is a good refresher if your responsibilities do not normally include T&E activities as part of your daily routine. It helps you to understand why companies implement policies.
Tracy Doud
( at Ashley Furniture)
Some of your stories...like the one about the person staying at a lavish hotel who got away with this for quite a while. I can see this being a problem in private companies more so.
Anonymous
(Director of FInance)
This course was a good overview of Managing and Controlling Travel and Expense Reports. The instructor is well versed on the subject and was easy to follow. Documents were helpful.
Jake Laptad
(Senior Associate at Grant Thornton)
Lynn does a great job explaining the Travel and Expense enhancements, how technology has effected T&E as well as the important policies and safeguards to help monitor T&E.
Anonymous
(Controller)
Nice continuation from the 1st segment. The use of available Technology tools can really be a game-changer is this area. Thanks for the short, but meaningful course.
Anonymous
(N/A)
The was an informative course on travel and entertainment controls. The speaker offered good suggestions for improving a company's T&E policies.
Anonymous
()
Relevant information that I can use for a current project at my company to document policies and procedures, including credit card use/T&E.
Anonymous
(-)
An excellent course that highlights new challenges and key considerations in an area relevant to many organizations. Well worth the time!
Anonymous
()
This course was basic regarding T&E, but did cover the main points and gave examples of ways to improve processes or have better controls.
Anonymous
(EVP)
course provides a solid and extensive overview of the pitfalls associated with the Travel and Entertainment expense reporting process.
Anonymous
(Sr. Accounting Manager)
This class was a good continuation on T&E. The class brought up some great ideas to
enhance controls regarding T&E.
Sergey Bulychev
(Internal Auditor at CPC)
This course is the second part in relation to the costs considered. Worth seeing for everyone who saw the first part
Anonymous
()
One of my favorite instructors. Relevant information for anyone responsible for conducting a T&E audit or review.
Anonymous
(Accounting & Finance Guy)
I would recommend this course to those new to Travel and Entertainment. Nicely presented and good information.
Anonymous
(Oracle Financials Analyst)
Great class as usual by Lynn! It is to the point, short and highlights the importance of T&E controls!
Georgios Baltos
( at EUI)
The course was great and a very useful, because it contained all necessary measurements of the course.
Maaret Stumpf
(pension accountant at Novelis)
The topic well explained and thought provoking.best for employees with Travel and expenses experience
Anonymous
(President & CEO)
This presentation was very relevant to current day challenges and provided information on safeguards
Anonymous
(Consultant)
good seminar that all employees should periodically review to make certain they do not get lazy
Anonymous
(Senior Associate IA)
I thinking the instructor did a great job explaining the information and sharing the examples.
Anonymous
(Consultant)
Very basic information. Suggest more in-depth guidance/suggestion on automated expense tools.
Warren Parker
(Senior Accounting Spec at SEIU)
Informative, effective, and practical overview on travel and entertainment expenses issues.
Anonymous
(Controller)
Great overview of T&E policies and review right when we are rolling out a refreshed policy!
Anonymous
()
Very good course of effectively managing and controlling Travel and Entertainment Expense.
Giselle Ventriere
(Business Office Manager at Language & Literacy Acad..)
This was very informative and allowed me a chance to look at T&E in a fresh perspective.
Anonymous
(finance controller /Director)
Text is looks easy but ractically realized heavy resistance by employee and management.
Antonio Crawford
(Senior Internal Auditor - Budget/Busines.. at Individual)
I have taken her three courses in T&E. Very useful for planning my next T&E audit.
Anonymous
()
Great course on T&E and the methods you can use to bring value by auditing this area.
Sylvia Ratliff
(internal audit consultant at self employed)
Good review of T & E policies/proceduress. Broad coverage of use of travel programs
Anonymous
(Head of Internal Audit)
Well presented topic. Good for internal auditors to use in building audit programs.
Anonymous
(Accounts Manager)
Leader gave us many aspects to recall when reviewing T & E. Policy is important
Anonymous
(Director)
This was good course with some good ideas around T&E. It was short and concise.
Anonymous
(Finance Director)
Suggestions on types of things to evaluate through reporting and analytics.
Anonymous
(-)
well explained concise course that touches upon management of t&e expenses
Anonymous
()
A little bit outdated, but overall useful information and good reminders.
Anonymous
(Director)
Good basic course on travel and expenses. Slides are good for reference.
Anonymous
(Senior Internal Auditor)
This was a good overview of controlling travel and entertainment costs
Anonymous
()
course was well written and the presenter provided good examples
Marilyn Vargas
(Auditor at U.S Department of Veterans Affair – De..)
provided great insight into potential areas of travel concern.
Anonymous
()
This was a helpful guide for T and E improvement. Thank you.
Anonymous
(CFO)
Very entry level course. I would recommend for beginners.
Anonymous
(Senior Internal Auditor)
More information on analytics to identify misuse.
Kendra Willson
( at SSA PC)
Course met all expectations and was easy to follow
Anonymous
(CFO)
Just what the title implies "Managing T&E"
Matt Brewer
(Division Controller at Universal Forest Products)
A lot of useful info in this presentation.
Anonymous
(None)
Short albeit good review of T&E expenses.
Terri Salazar-Rodriguez
(None at None)
Instructor always has great information.
Ara Toroyan
(Director - Financial Planning & Proc.. at NCCI Holdings, Inc.)
Another good course by Lynn. Take it.
Kevin Murray
(Business Partner - Strategic Projects at The Wesson Group)
A good introduction to managing T&E.
Craig Ward, CPA
(Chief Financial Officer at Geigerrig)
Good theory supporting suggestions.
Anonymous
(Accounts Payable Specialist)
Easy to follow. Good points made.
Anonymous
(Senior Fund Accountant)
Informative. Thanks!
Nicholas Mandrus
(Controller at Institute of Contemporary Art, Miami)
top of the line
Ronald DiPaola
(Special Projects Manager, Expense Reimbu.. at IBM)
Good overview
Anonymous
(Accounting Manager)
Good course.
Diane Gill
(Senior Director & Controller, Financ.. at Food Marketing Institute)
Great course
Vahé Hovakimian
(Financial Analyst at Great Place to Work Institute)
great!
Prerequisites
Course Complexity: Intermediate
Prerequisite: Exposure to internal controls
Advanced Preparation: None
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Lynn FountainCPA, CGMA, CRMA, MBA, cPIA, Consultant, Author, Trainer
About Illumeo
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- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 1608 W Campbell
- Av #221, Campbell, CA 95008
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