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11 20 use internet based risk measurement services

Accounting Best PracticesFifth Edition_1 ppt

Accounting Best PracticesFifth Edition_1 ppt

Kế toán - Kiểm toán

... Inc., 111 River Street, Hoboken, NJ 07030, 201 -748-6 011, fax 201 -7486008, or online at www.wiley.com/go/permissions Limit of Liability/Disclaimer of Warranty: While the publisher and author have used ... Practices (Wiley, 200 4), Billing and Collections Best Practices (Wiley, 200 5), Payroll Best Practices (Wiley, 200 5), and Fast Close (Wiley, 200 5) STEVEN M BRAGG Centennial, Colorado July 200 6 ch00_FM_4773.qxd ... it is astoundingly simple, carries with it the risk of failure This risk must be tested repeatedly to ensure that it will not occur under actual use The type of testing can take a variety of forms...
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Accounting Best PracticesFifth Edition_3 docx

Accounting Best PracticesFifth Edition_3 docx

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... Ireland -based Fexco (www.fexcotaxreclaim.com), Meridian (a subsidiary of PRGSchultz Inc., located on the Web at www.meridianvat.com), and England -based The VAT Clearinghouse (www.thevatclearinghouse.com) ... post from standard X12 820 transactions, then it can handle the EPN STP 820 transaction as well, since it is a subset of the X12 820 transaction Technically, the EPN STP 820 file is encapsulated ... being used Cost: Installation time: 3–39 Use the Universal Payment Identification Code Companies frequently avoid giving out their bank account information on the grounds that it can be used to...
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Accounting Best PracticesFifth Edition_4 docx

Accounting Best PracticesFifth Edition_4 docx

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... is reached When this type of plan is used, participants tend to “game the system,” ch05_4773.qxd 12/29/06 8:59 AM Page 113 5 11 Use Activity -Based Budgeting 113 using incorrect sales or accounting ... a summarized budget model for use by upper management 5–9 Include a working capital analysis 5–10 Link to performance measurements and rewards 5 11 Use activity -based budgeting 5–12 Incorporate ... the inflation rate, average pay raise, ch05_4773.qxd 12/29/06 8:59 AM Page 111 5–9 Include a Working Capital Analysis 111 average employee benefit percentage, seasonality percentage for revenues,...
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Accounting Best PracticesFifth Edition_5 docx

Accounting Best PracticesFifth Edition_5 docx

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... Access bank account information on the Internet 6–2 Cost Shift money with electronic funds transfer 6–10 Use Internet- based cash flow analysis software 6 11 Utilize an investment policy Exhibit ... necessary to purchase more expensive software and install it in-house However, despite these problems, the use of an Internet- based treasury site may be well worth the effort for those organizations ... access is free, requires no special software besides an Internet browser, and can be accessed at once, if the user is connected to a direct-access Internet connection, such as a DSL, cable, or T1 phone...
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Accounting Best PracticesFifth Edition_7 pptx

Accounting Best PracticesFifth Edition_7 pptx

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... removed from the warehouse for production or sale If so, use a report writer to extract and sort this information, resulting in a report ch09_4773.qxd 12/29/06 9 :20 AM Page 208 208 Costing Best Practices ... be the case if ABC were used, so that lower price points will now be considered to yield accept- ch09_4773.qxd 12/29/06 9 :20 AM Page 211 9 11 Implement Target Costing 211 able gross margins Throughput ... production shortages caused by problems with the bills, and the warehouse staff sees components returned to the warehouse that were listed in the bills but not actually used; the production staff...
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Accounting Best PracticesFifth Edition_9 doc

Accounting Best PracticesFifth Edition_9 doc

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... rent-a-captive Cost: Installation time: ch11_4773.qxd 12/29/06 9:23 AM Page 259 11 21 Issue Catastrophe Bonds 259 11 20 Use Internet- Based Risk Measurement Services Anyone who invests in various ... ch11_4773.qxd 12/29/06 9:22 AM Page 255 11 16 Grant Employees Immediate 401(k) Eligibility 255 11 13 Use Internet- Based Options Pricing Services Any accounting or treasury ... through the Internet at www.riskgrades.com This on-line service grades the risk of any equity that the user enters into the system, reviewing its equity, interest rate, currency, and commodity risk...
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Accounting Best PracticesFifth Edition_11 potx

Accounting Best PracticesFifth Edition_11 potx

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... 14–4 Use identical chart of accounts for subsidiaries Data Warehousing 14–5 Use data warehouse for report distribution 14–6 Use forms/rates data warehouse for automated tax filings 14–7 Use the ... in use, and so is more applicable to smaller companies Cost: Installation time: ch14_4773.qxd 12/29/06 9:28 AM Page 341 14–6 Use Forms/Rates Data Warehouse for Automated Tax Filings 341 14–6 Use ... and accounts payable, for suppliers will refuse to provide additional goods and services unless they are paid In these cases and others, the greatest risk is that only one person knows how to process...
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Accounting Best PracticesFifth Edition_13 pot

Accounting Best PracticesFifth Edition_13 pot

Kế toán - Kiểm toán

... system 17–7 Switch to salaried positions 17–8 Use computerized time clocks 17–9 Use biometric time clocks 17–10 Track time with mobile phones 17 11 Use honor system to track vacation and sick time ... the warehouse staff creates a bar-coded part number for each item as it enters the warehouse and attaches the bar code to the item It also creates preset bar code labels for each warehouse location ... solution is to use real-time radio frequency scanning (see the following best practice) to upload transactions immediately Finally, the warehouse staff must be carefully trained in the use of this...
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Podcast Accounting Best Practices_2 pot

Podcast Accounting Best Practices_2 pot

Kế toán - Kiểm toán

... is reached When this type of plan is used, participants tend to “game the system,” ch05_4773.qxd 12/29/06 8:59 AM Page 113 5 11 Use Activity -Based Budgeting 113 using incorrect sales or accounting ... a summarized budget model for use by upper management 5–9 Include a working capital analysis 5–10 Link to performance measurements and rewards 5 11 Use activity -based budgeting 5–12 Incorporate ... the inflation rate, average pay raise, ch05_4773.qxd 12/29/06 8:59 AM Page 111 5–9 Include a Working Capital Analysis 111 average employee benefit percentage, seasonality percentage for revenues,...
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Podcast Accounting Best Practices_3 docx

Podcast Accounting Best Practices_3 docx

Kế toán - Kiểm toán

... Access bank account information on the Internet 6–2 Cost Shift money with electronic funds transfer 6–10 Use Internet- based cash flow analysis software 6 11 Utilize an investment policy Exhibit ... necessary to purchase more expensive software and install it in-house However, despite these problems, the use of an Internet- based treasury site may be well worth the effort for those organizations ... access is free, requires no special software besides an Internet browser, and can be accessed at once, if the user is connected to a direct-access Internet connection, such as a DSL, cable, or T1 phone...
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Podcast Accounting Best Practices_4 potx

Podcast Accounting Best Practices_4 potx

Kế toán - Kiểm toán

... assigning a risk class to each customer, and then assigning a loss probability to open receivables based on the risk class Risk classifications can be calculated with elaborate in-house risk scoring ... declining order by risk score Divide the sorted list into fourths (low risk through high risk) , and determine the bad debt percentage for the previous year for each category Use the format in ... percentage: Risk Category Current Receivable Balance Historical Bad Debt Percentage Estimated Bad Debt by Risk Category Low risk $ 9,500,000 0.8% $ 76,000 Medium low 7,250,000 1.6% 116 ,000 Medium...
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Podcast Accounting Best Practices_6 pdf

Podcast Accounting Best Practices_6 pdf

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... Internet- based auction 11 11 Use Web broadcasting for public reporting Option Management 11 12 Automate option tracking 11 13 Use Internet- based options pricing services Pension Management 11 14 ... Obtain advance rating assessments 11 19 Rent a captive insurance company 11 20 Use Internet- based risk measurement services 11 21 Issue catastrophe bonds (continues) ch11_4773.qxd 12/29/06 9:22 AM ... Activities 11 1 Strategize cost of capital reductions 11 2 Obtain financing through Internet lender sites 11 3 Issue direct access notes 11 4 Purchase debt directly from the government 11 5 Take...
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Podcast Accounting Best Practices_8 ppt

Podcast Accounting Best Practices_8 ppt

Kế toán - Kiểm toán

... site 13–8 Sell the shared services center 13–9 Switch to an application service provider Reporting 13–10 Switch to on-line reporting 13 11 Track function measurements 13–12 Use Balanced Scorecard ... the Internet, progressing through an intranet site, and ending with a custom-made file structure with comprehensive user access The best approach ch13_4773.qxd 12/29/06 9:26 AM Page 311 13–12 Use ... Internet site, a company can also this over the phone or with downloaded PC -based software that uses a dial-up modem Once a company’s total tax remittances to the federal government exceed $200 ,000...
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Podcast Accounting Best Practices_10 pptx

Podcast Accounting Best Practices_10 pptx

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... these aisles 11 Use a bonus program Reward the entire warehouse staff with a bonus at the end of each month, based on the audited accuracy of the inventory A good measure above which bonuses should ... deliveries 16–10 Eliminate the receiving function 16 11 Use standard containers to move, store, and count inventory 16–12 Use different storage systems based on cubic transactional volume 16–13 Optimize ... returned to the warehouse, even though the pick list it used was intended to completely use up all items picked Any returns of this type indicate that the bills of material used to compile the...
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Podcast Accounting Best Practices_11 potx

Podcast Accounting Best Practices_11 potx

Kế toán - Kiểm toán

... system 17–7 Switch to salaried positions 17–8 Use computerized time clocks 17–9 Use biometric time clocks 17–10 Track time with mobile phones 17 11 Use honor system to track vacation and sick time ... the warehouse staff creates a bar-coded part number for each item as it enters the warehouse and attaches the bar code to the item It also creates preset bar code labels for each warehouse location ... solution is to use real-time radio frequency scanning (see the following best practice) to upload transactions immediately Finally, the warehouse staff must be carefully trained in the use of this...
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Podcast Accounting Best Practices_13 docx

Podcast Accounting Best Practices_13 docx

Kế toán - Kiểm toán

... plan 11 10 Sell shares in an Internet- based auction 11 11 Use Web broadcasting for public reporting Option Management 11 12 Automate option tracking 11 13 Use Internet- based options pricing services ... assessments 11 19 Rent a captive insurance company 11 20 Use Internet- based risk measurement services 11 21 Issue catastrophe bonds Treasury Management 11 22 Centralize foreign exchange management 11 23 ... 103–105 Line item preloading, 119 On-line updating, 125 Procedure, 116 119 Revisions, 122 Risk analysis, 115 116 Simplification, 123–124 Software, 120 121 Summary-level, 110 111 Business driver analysis,...
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Risk and management Accounting Best Practices_3 doc

Risk and management Accounting Best Practices_3 doc

Cao đẳng - Đại học

... Access bank account information on the Internet 6–2 Cost Shift money with electronic funds transfer 6–10 Use Internet- based cash flow analysis software 6 11 Utilize an investment policy Exhibit ... necessary to purchase more expensive software and install it in-house However, despite these problems, the use of an Internet- based treasury site may be well worth the effort for those organizations ... access is free, requires no special software besides an Internet browser, and can be accessed at once, if the user is connected to a direct-access Internet connection, such as a DSL, cable, or T1 phone...
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Risk and management Accounting Best Practices_5 docx

Risk and management Accounting Best Practices_5 docx

Cao đẳng - Đại học

... removed from the warehouse for production or sale If so, use a report writer to extract and sort this information, resulting in a report ch09_4773.qxd 12/29/06 9 :20 AM Page 208 208 Costing Best Practices ... be the case if ABC were used, so that lower price points will now be considered to yield accept- ch09_4773.qxd 12/29/06 9 :20 AM Page 211 9 11 Implement Target Costing 211 able gross margins Throughput ... production shortages caused by problems with the bills, and the warehouse staff sees components returned to the warehouse that were listed in the bills but not actually used; the production staff...
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Risk and management Accounting Best Practices_6 pot

Risk and management Accounting Best Practices_6 pot

Cao đẳng - Đại học

... Internet- based auction 11 11 Use Web broadcasting for public reporting Option Management 11 12 Automate option tracking 11 13 Use Internet- based options pricing services Pension Management 11 14 ... Obtain advance rating assessments 11 19 Rent a captive insurance company 11 20 Use Internet- based risk measurement services 11 21 Issue catastrophe bonds (continues) ch11_4773.qxd 12/29/06 9:22 AM ... Activities 11 1 Strategize cost of capital reductions 11 2 Obtain financing through Internet lender sites 11 3 Issue direct access notes 11 4 Purchase debt directly from the government 11 5 Take...
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Risk and management Accounting Best Practices_7 ppt

Risk and management Accounting Best Practices_7 ppt

Cao đẳng - Đại học

... rent-a-captive Cost: Installation time: ch11_4773.qxd 12/29/06 9:23 AM Page 259 11 21 Issue Catastrophe Bonds 259 11 20 Use Internet- Based Risk Measurement Services Anyone who invests in various ... ch11_4773.qxd 12/29/06 9:22 AM Page 255 11 16 Grant Employees Immediate 401(k) Eligibility 255 11 13 Use Internet- Based Options Pricing Services Any accounting or treasury ... through the Internet at www.riskgrades.com This on-line service grades the risk of any equity that the user enters into the system, reviewing its equity, interest rate, currency, and commodity risk...
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