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

  1. Introduction to Not-for-Profit Entities
  2. Introduction to Accounting for Not-For-Profit Entities
  3. Identifying and Implementing the Proper Balance of Internal Controls
  4. Segregation of Duties for Core Business Processes
  5. Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
  6. Bookkeeping: Payroll And Expenses
  7. Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
  8. Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
  9. Management Internal Control Essentials
  10. Financial Statement Essentials for Not-for-Profits
  11. Not-for-Profit Financial Statements Part 2
  12. Not for Profit Financials - Focus on Net Assets
  13. Cyber Risk in Small-Medium Entities
  14. Fraud in Small-Medium Entities
  15. Not-For-Profit Accountability and Responsibility

15 CoursesManagement Oversight, Analysis and Internal Controls Certification

  1. Management Internal Control Essentials
  2. Comprehensive Examination of COSO 2013: Components and Principles
  3. Keys to an Effective Code of Conduct
  4. Fraud Risk Assessments
  5. Enterprise Risk Management 101
  6. Identifying and Implementing the Proper Balance of Internal Controls
  7. Information Technology (IT) Controls in Emerging Business Environments
  8. Analyzing Financial Ratios - Solvency, Liquidity and Debt
  9. Analyzing Financial Ratios - Leverage
  10. Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
  11. Keys to Understanding Conflicts of Interest
  12. Documentation Methods For Internal Control Processes
  13. Segregation of Duties for Core Business Processes
  14. Professional Skepticism - Keys to Maintaining
  15. Whistleblower Hotlines - Effective Management
58 Reviews (264 ratings)

Reviews

5
Anonymous Author
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.

5
Member's Profile
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

5
Member's Profile
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!

5
Member's Profile
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.

4
Anonymous Author
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.

4
Member's Profile
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.

5
Anonymous Author
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.

5
Anonymous Author
The was an informative course on travel and entertainment controls. The speaker offered good suggestions for improving a company's T&E policies.

5
Anonymous Author
Relevant information that I can use for a current project at my company to document policies and procedures, including credit card use/T&E.

4
Anonymous Author
An excellent course that highlights new challenges and key considerations in an area relevant to many organizations. Well worth the time!

4
Anonymous Author
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.

5
Anonymous Author
course provides a solid and extensive overview of the pitfalls associated with the Travel and Entertainment expense reporting process.

4
Anonymous Author
This class was a good continuation on T&E. The class brought up some great ideas to enhance controls regarding T&E.

5
Member's Profile
This course is the second part in relation to the costs considered. Worth seeing for everyone who saw the first part

5
Anonymous Author
One of my favorite instructors. Relevant information for anyone responsible for conducting a T&E audit or review.

5
Anonymous Author
I would recommend this course to those new to Travel and Entertainment. Nicely presented and good information.

5
Anonymous Author
Great class as usual by Lynn! It is to the point, short and highlights the importance of T&E controls!

5
Member's Profile
The course was great and a very useful, because it contained all necessary measurements of the course.

5
Member's Profile
The topic well explained and thought provoking.best for employees with Travel and expenses experience

5
Anonymous Author
This presentation was very relevant to current day challenges and provided information on safeguards

5
Anonymous Author
good seminar that all employees should periodically review to make certain they do not get lazy

5
Anonymous Author
I thinking the instructor did a great job explaining the information and sharing the examples.

3
Anonymous Author
Very basic information. Suggest more in-depth guidance/suggestion on automated expense tools.

5
Member's Profile
Informative, effective, and practical overview on travel and entertainment expenses issues.

5
Anonymous Author
Great overview of T&E policies and review right when we are rolling out a refreshed policy!

5
Anonymous Author
Very good course of effectively managing and controlling Travel and Entertainment Expense.

5
Member's Profile
This was very informative and allowed me a chance to look at T&E in a fresh perspective.

5
Anonymous Author
Text is looks easy but ractically realized heavy resistance by employee and management.

5
Member's Profile
I have taken her three courses in T&E. Very useful for planning my next T&E audit.

5
Anonymous Author
Great course on T&E and the methods you can use to bring value by auditing this area.

5
Member's Profile
Good review of T & E policies/proceduress. Broad coverage of use of travel programs

5
Anonymous Author
Well presented topic. Good for internal auditors to use in building audit programs.

4
Anonymous Author
Leader gave us many aspects to recall when reviewing T & E. Policy is important

4
Anonymous Author
This was good course with some good ideas around T&E. It was short and concise.

Anonymous Author
Suggestions on types of things to evaluate through reporting and analytics.

4
Anonymous Author
well explained concise course that touches upon management of t&e expenses

5
Anonymous Author
A little bit outdated, but overall useful information and good reminders.

4
Anonymous Author
Good basic course on travel and expenses. Slides are good for reference.

4
Anonymous Author
This was a good overview of controlling travel and entertainment costs

5
Member's Profile
provided great insight into potential areas of travel concern.

5
Anonymous Author
This was a helpful guide for T and E improvement. Thank you.

5
Anonymous Author
Very entry level course. I would recommend for beginners.

3
Anonymous Author
More information on analytics to identify misuse.

5
Member's Profile
Course met all expectations and was easy to follow

4
Anonymous Author
Just what the title implies "Managing T&E"

4
Member's Profile
A lot of useful info in this presentation.

4
Anonymous Author
Short albeit good review of T&E expenses.

5
Member's Profile
Instructor always has great information.

4
Member's Profile
Another good course by Lynn. Take it.

Member's Profile
A good introduction to managing T&E.

4
Member's Profile
Good theory supporting suggestions.

5
Anonymous Author
Easy to follow. Good points made.

4
Anonymous Author
Informative. Thanks!

5
Member's Profile
top of the line

5
Member's Profile
Good overview

5
Anonymous Author
Good course.

4
Member's Profile
Great course

5
Member's Profile
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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
Methods for Managing
  Role of Technology7:07
  Automated Expense Tools5:52
  Methods for Evaluating T&E14:52
  Policy Thoughts6:15
CONCLUSION
  Safeguards8:14
Continuous Play
  Travel & Entertainment Expenses – Methods for Managing44:33
SUPPORTING MATERIALS
  Slides: Effectively Managing and Controlling Travel and Entertainment (T&E) ExpensesPDF
  Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses Glossary/IndexPDF
REVIEW & TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam