11 5 take a business unit public

... In alphabetical order, the various causes of failure are noted as follows: • Alterations to packaged software A very common cause of failure is that a best practice requires changes to a software ... Cost Accounting Design and Maintenance of Accounting Manuals Essentials of Payroll Fast Close Financial Analysis GAAP Guide GAAP Implementation Guide Inventory Accounting Inventory Best Practices ... for a best practice, because a software upgrade may alter the data accessed through the interface Thus, alterations to packaged software are doomed to failure unless there is absolutely no way...

Ngày tải lên: 20/06/2014, 18:20

... 12/29/06 9:09 AM Page 51 3– 25 Link Supplier Requests to the Accounts Payable Database 51 3– 25 Link Supplier Requests to the Accounts Payable Database A significant task for an accounts payable person, ... accounts payable staff is to maintain a complete and accurate database of suppliers, which typically includes address and payment information ch03_4773.qxd 12/29/06 54 9:09 AM Page 54 Accounts Payable ... workload of the accounts payable staff Cost: Installation time: 3–32 Install a Payment Factory In a typical accounts payable environment, a company allows its subsidiaries to manage their own payables...

Ngày tải lên: 20/06/2014, 18:20

... percentages, the inflation rate, average pay raise, ch 05_ 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 ... charged as a standard percentage of sales, consider setting up a “freight” sales tax authority in the accounting software that will automatically include a shipping charge as part of the sales ... to train each manager’s executive assistant, who can process any changes to the budget model that the manager wishes to make Cost: Installation time: 5 9 Include a Working Capital Analysis All...

Ngày tải lên: 20/06/2014, 18:20

... banks and bank accounts The staff of AvantGard-ASP then takes two to three days to contact each bank and arrange for automated porting of the company’s cash transactions to the AvantGard-ASP site, ... company’s bank accounts and the book balances it maintains for each of those accounts For example, a retail store operation may have a separate bank account for each of hundreds of locations, each ... software This software maintains a central database of budgeting information that is automatically updated when users enter information They can enter information in a variety of ways—via dial-up...

Ngày tải lên: 20/06/2014, 18:20

... variances by comparing the standard scrap to actual scrap The problem with this approach is that the company adopts a mind-set that the standard scrap levels are acceptable, and so never undertakes ... for approval, though this irritates the sales manager A better and more politically correct variation is to persuade the sales manager to adopt a midway solution that leaves both parties partially ... certainly does not track activity-based costs; a secondary software package must be purchased that takes information from the general ledger, as well as allocation bases from a variety of locations,...

Ngày tải lên: 20/06/2014, 18:20

... Installation time: 11 25 Install a Treasury Workstation The multitude of treasury-based transactions can take up a large part of the finance staff’s workday and is highly subject to error These tasks ... Financials Task Controller Assistant Controller Calculate Depreciation ✓ Calculate Interest Accrual General Ledger Accountant ✓ Compare to A/ P Detail ✓ Compare to A/ R Detail ✓ Compare to F /A Detail ... Cost: Installation time: 11 18 Obtain Advance Rating Assessments A company with publicly held debt can never be sure about the change in its rating by a major rating service after it has taken some...

Ngày tải lên: 20/06/2014, 18:20

... 15 7 Avoid overauditing of internal audits 15 8 Complete all internal audit work papers in the field 15 9 Create a control standards manual 15 10 Create an on-line internal audit library 15 11 ... known as a data warehouse, since data of all kinds can be stored there When in place, this arrangement allows a company to store all the operating data it desires in the same place as its financial ... E-commerce Financial planning and analysis Global finance Management accounting Mergers and acquisitions Six sigma Supply-chain management Taxation Revenue-chain management All of these reasons sum...

Ngày tải lên: 20/06/2014, 18:20

... passes along the standard company computer network to the company materials management database Transaction verifications flow along the same route back to the portable terminal If there are many ... accuracy, almost completely eliminate paper-based transactions, and have a more efficient work force Mechanically, an RF system begins with a transactional entry being transmitted from a portable ... (most applicable for WIP inventory or retail applications) This implementation approach allows for a gradually increasing investment in the technology as a company gradually learns about its applicability...

Ngày tải lên: 20/06/2014, 18:20

... percentages, the inflation rate, average pay raise, ch 05_ 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 ... charged as a standard percentage of sales, consider setting up a “freight” sales tax authority in the accounting software that will automatically include a shipping charge as part of the sales ... to train each manager’s executive assistant, who can process any changes to the budget model that the manager wishes to make Cost: Installation time: 5 9 Include a Working Capital Analysis All...

Ngày tải lên: 21/06/2014, 04:20

... banks and bank accounts The staff of AvantGard-ASP then takes two to three days to contact each bank and arrange for automated porting of the company’s cash transactions to the AvantGard-ASP site, ... company’s bank accounts and the book balances it maintains for each of those accounts For example, a retail store operation may have a separate bank account for each of hundreds of locations, each ... software This software maintains a central database of budgeting information that is automatically updated when users enter information They can enter information in a variety of ways—via dial-up...

Ngày tải lên: 21/06/2014, 04:20

... every day, and have a manager inquire about the status of all items in the account on a regular basis Also, not evaluate the performance of the cash application staff based on how fast they can apply ... Manufacturing National Professional Apparel Manufacturers National Electronics and Communications National Seed Distributors National Fundraising Manufacturers National Steel Mill National Garage ... National Credit Management Groups National Agricultural Credit Conference National Musical Instrument National Christian Suppliers National Paper Packaging Credit Group National Coated Paper and...

Ngày tải lên: 21/06/2014, 04:20

... that the archived data may be in a format that will be unreadable a few years from now—after all, how many companies today have equipment that can read data stored on one of the old storage mediums ... documents that are immediately available to serve as back-up information, a company can literally stop functioning at once There are a number of steps that a company can take to improve the reliability ... this approach, a company creates a separate legal entity for a subsidiary, with a separate board of directors, and sells shares in it to the public through an initial public offering This approach...

Ngày tải lên: 21/06/2014, 04:20

... give each business unit manager an assigned tax contact who is available to answer taxation-related questions, as well as to review business plans for activities that may have a tax impact This ... organizations that occupy a large geographical area, the accounting staff faces the chore of somehow sending financial and operational reporting information to many locations This can mean a mass ... can always release a study that shows the (almost invariably) minor changes in the allocation base from month to month An alternative approach that may quash any fears of this sort is to use a...

Ngày tải lên: 21/06/2014, 04:20

... documents and that must be cleared by the audit team before the work papers will receive final approval Workflow software can also maintain a database of previous audit work at each company location, as ... system, and occasionally does not a good job in this capacity For example, the late or inaccurate data entry of receiving information can lead to inaccurate financial statements, as well as inaccurate ... easily search for items of particular interest Cost: Installation time: 15 11 Create and Disseminate Information from a Best Practices Database A large company will have many internal auditors...

Ngày tải lên: 21/06/2014, 04:20

... passes along the standard company computer network to the company materials management database Transaction verifications flow along the same route back to the portable terminal If there are many ... accuracy, almost completely eliminate paper-based transactions, and have a more efficient work force Mechanically, an RF system begins with a transactional entry being transmitted from a portable ... (most applicable for WIP inventory or retail applications) This implementation approach allows for a gradually increasing investment in the technology as a company gradually learns about its applicability...

Ngày tải lên: 21/06/2014, 04:20

... papers in the field 15 9 Create a control standards manual ch19_4773.qxd 12/29/06 9:38 AM Page 4 65 Appendix A 15 10 Create an on-line internal audit library 15 11 Create and disseminate information ... Create a contract terms database Adobe Systems Incorporated 3 45 Park Avenue San Jose, CA 9 51 10 408 -53 6-6000 www.adobe.com Related best practice: Chapter 7, E-mail invoices in Acrobat format Aligo ... Driver analysis Calendars, activity, 306 Capacity Analysis, 106–107 Tracking, 212 Capital budget, 118 , 119 –120 Captive insurance company, 258 Cash Application techniques, 170 Unapplied, 152 – 153 Cash...

Ngày tải lên: 21/06/2014, 04:20

... banks and bank accounts The staff of AvantGard-ASP then takes two to three days to contact each bank and arrange for automated porting of the company’s cash transactions to the AvantGard-ASP site, ... company’s bank accounts and the book balances it maintains for each of those accounts For example, a retail store operation may have a separate bank account for each of hundreds of locations, each ... software This software maintains a central database of budgeting information that is automatically updated when users enter information They can enter information in a variety of ways—via dial-up...

Ngày tải lên: 21/06/2014, 18:20

... variances by comparing the standard scrap to actual scrap The problem with this approach is that the company adopts a mind-set that the standard scrap levels are acceptable, and so never undertakes ... for approval, though this irritates the sales manager A better and more politically correct variation is to persuade the sales manager to adopt a midway solution that leaves both parties partially ... certainly does not track activity-based costs; a secondary software package must be purchased that takes information from the general ledger, as well as allocation bases from a variety of locations,...

Ngày tải lên: 21/06/2014, 18:20

... that the archived data may be in a format that will be unreadable a few years from now—after all, how many companies today have equipment that can read data stored on one of the old storage mediums ... documents that are immediately available to serve as back-up information, a company can literally stop functioning at once There are a number of steps that a company can take to improve the reliability ... this approach, a company creates a separate legal entity for a subsidiary, with a separate board of directors, and sells shares in it to the public through an initial public offering This approach...

Ngày tải lên: 21/06/2014, 18:20

... Installation time: 11 25 Install a Treasury Workstation The multitude of treasury-based transactions can take up a large part of the finance staff’s workday and is highly subject to error These tasks ... Financials Task Controller Assistant Controller Calculate Depreciation ✓ Calculate Interest Accrual General Ledger Accountant ✓ Compare to A/ P Detail ✓ Compare to A/ R Detail ✓ Compare to F /A Detail ... Cost: Installation time: 11 18 Obtain Advance Rating Assessments A company with publicly held debt can never be sure about the change in its rating by a major rating service after it has taken some...

Ngày tải lên: 21/06/2014, 18:20