12 2 post financial statements in an excel pivottable on the internet
Accounting Best PracticesFifth Edition_1 ppt
... of these other organizations and the company doing the benchmarking, this can serve as a reminder that continuous change is necessary in order to survive If management sees and heeds this warning, ... effective ch 02_ 4773.qxd 12/ 29 /06 9:08 AM 12 Page 12 How to Use Best Practices over the long term remains on- site By taking these steps, a company can increase its odds of spreading best practices ... of these best practices are the use of process-centering, on- line reporting, and creating a contract-terms database Chapters through 17 are the heart of the book since they contain information...
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Accounting Best PracticesFifth Edition_3 docx
... Exchange) in a standard NACHA file, and is routed through the originating bank via the ACH network to the receiving bank, which posts the payment and then forwards the remittance information in the ... for the name of the initiating party, which appears in the information transmitted by the bank The result is a callback to the company, asking for the detail so the supplier can properly post the ... to the seller The primary purpose of the ACH transaction is to move money, while X 12 transactions are designed to move data In order to move both money and data in the same transaction, the X12...
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Accounting Best PracticesFifth Edition_4 docx
... expensive one To avoid any missing invoices, one must continually compare the shipping log maintained by the shipping department with the invoice register maintained by the accounting department Any ... for the invoices Another option is to give these people read-only access to invoices in the accounting computer system, so they can call up invoice information on their computers, rather than ... information into the format needed by the consolidator, and then send this file over the Internet to the consolidator, which then posts the information Customers then access their invoices in a summary...
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Accounting Best PracticesFifth Edition_5 docx
... for any lastminute alterations Cost: Installation time: ch05_4773.qxd 12/ 29 /06 8:59 AM Page 125 5 25 Use Video Conferencing for Budget Updating 125 5 24 Use On- Line Budget Updating One of the ... in deductions lingering on the accounts receivable aging report The best approach for managing these deductions varies based on the incoming volume For instance, if the collections staff is inundated ... that wire transfer information can be sent electronically to the bank Yet another version is to send wire transfers by accessing the bank’s database on- line and performing all the work oneself With...
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Accounting Best PracticesFifth Edition_7 pptx
... information, the decision may be a wrong one because the overhead cost component of the information was wrong The reason why overhead costing information is incorrect in so many instances is ... ch09_4773.qxd 12/ 29 /06 9 :20 AM Page 21 2 21 2 Costing Best Practices one can report on the activities which truly have the greatest impact on product costs Cost: Installation time: 9 12 Track Excess ... accounting staff can create the best costing reports in the world, constantly update this information, and hound the production, engineering, and purchasing staffs incessantly to improve the situation,...
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Accounting Best PracticesFifth Edition_9 doc
... 12 21 Train the staff in closing procedures 12 22 Use cycle counting to avoid month-end counts 12 23 Use internal audits to locate transaction problems in advance (continues) ch 12_ 4773.qxd 12/ 29 /06 ... Reports 12 1 Move operating data to other reports 12 2 Post financial statements in an Excel PivotTable on the Internet 12 3 Restrict the level of reporting 12 4 Write financial statement footnotes in ... operating data for inclusion in the financial statements Complete a preliminary set of financial statements ch 12_ 4773.qxd 12/ 29 /06 9 :24 AM Page 28 5 12 19 Document the Process 28 5 Exhibit 12. 4 (Continued)...
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Accounting Best PracticesFifth Edition_11 potx
... 12/ 29 /06 9 :26 AM Page 325 13 26 Create an Ongoing Training Program 325 transactions, and training on specific functions within the company’s accounting software Also, by bringing together trainers ... Cost: Installation time: 13 23 Subscribe to an On- Line Tax Information Service Congress is constantly tinkering with the tax laws, while the IRS continues to issue a flood of interpretations in response ... ch13_4773.qxd 12/ 29 /06 9 :26 AM Page 328 328 General Ledger Account Structure Maintaining a chart of accounts Entering a new organization Maintaining account groups Using organization groups Setting up the...
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Accounting Best PracticesFifth Edition_13 pot
... received at the end of the accounting period, resulting in the reporting of inaccurate inventory figures in the financial statements All this because someone in the warehouse is slow in entering receipts ... location and posts them at each location Anyone moving stock then scans the part number bar code and the bar code for the location to which it is being shifted, and manually enters a quantity and ... additional W -2 forms, or to download files containing the employee manual or other relevant personnel information Further, they can register for company training classes, update emergency contact information,...
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Podcast Accounting Best Practices_2 pot
... expensive one To avoid any missing invoices, one must continually compare the shipping log maintained by the shipping department with the invoice register maintained by the accounting department Any ... for the invoices Another option is to give these people read-only access to invoices in the accounting computer system, so they can call up invoice information on their computers, rather than ... information into the format needed by the consolidator, and then send this file over the Internet to the consolidator, which then posts the information Customers then access their invoices in a summary...
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Podcast Accounting Best Practices_3 docx
... for any lastminute alterations Cost: Installation time: ch05_4773.qxd 12/ 29 /06 8:59 AM Page 125 5 25 Use Video Conferencing for Budget Updating 125 5 24 Use On- Line Budget Updating One of the ... in deductions lingering on the accounts receivable aging report The best approach for managing these deductions varies based on the incoming volume For instance, if the collections staff is inundated ... that wire transfer information can be sent electronically to the bank Yet another version is to send wire transfers by accessing the bank’s database on- line and performing all the work oneself With...
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Podcast Accounting Best Practices_4 potx
... that there is no linkage between the customer contact information contained in the accounting software (e.g., names and addresses) and the same information in the tracking software This contact information ... relevant for the company’s industry, rather than the economy as a whole, since the conditions within some industries can vary substantially from the general economy If a company has international ... from the accounting database and fax it to the customer—all at the touch of a button To so, a company must link the invoice file in the accounting database to another file containing the name and...
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Podcast Accounting Best Practices_6 pdf
... ch11_4773.qxd 12/ 29 /06 9 :22 AM Page 24 7 11 2 Obtain Financing through Internet Lender Sites 24 7 • Review the capital spending plan to determine which planned purchases not involve increases in the capacity ... of the times when they can access ch11_4773.qxd 12/ 29 /06 9 :22 AM Page 25 1 11–9 Outsource the Company Stock Purchase Plan 25 1 these calls The only limitation on this approach is the number of investors ... Exhibit 10 .2 Overview of the Document-Imaging Process ch10_4773.qxd 12/ 29 /06 9 :21 AM Page 22 8 22 8 Filing Best Practices that there will be great difficulty in later locating it in the computer; in effect,...
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Podcast Accounting Best Practices_8 ppt
... ch 12_ 4773.qxd 12/ 29 /06 29 2 9 :24 AM Page 29 2 Financial Statements Best Practices any issues left to deal with by the end of the month, so the financial statements can be issued much more quickly Thus, an ongoing ... immediately following the end of an accounting period Cost: Installation time: 12 26 Conduct Daily Review of the Financial Statements Sometimes the initial review of the period-end financial statements ... information from the previous month as an allocation base By doing so, there is no allocation base to update in the midst of the frantic release of financial statements Instead, the update can...
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Podcast Accounting Best Practices_10 pptx
... determine the quantities in all other filled containers and manually count only the one partial container in front A variation on the standard container is a simple sealed plastic bag, which can ... version of the control standards manual, making a point of highlighting key changes to it Only by this constant emphasis on the importance of the manual will managers take the time to review and ... situations, the manager of the accounting function has the additional burden of selecting auditing targets, planning for audit teams to review them, managing the teams, and acting on their findings For...
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Podcast Accounting Best Practices_11 potx
... received at the end of the accounting period, resulting in the reporting of inaccurate inventory figures in the financial statements All this because someone in the warehouse is slow in entering receipts ... location and posts them at each location Anyone moving stock then scans the part number bar code and the bar code for the location to which it is being shifted, and manually enters a quantity and ... additional W -2 forms, or to download files containing the employee manual or other relevant personnel information Further, they can register for company training classes, update emergency contact information,...
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Podcast Accounting Best Practices_13 docx
... Page 4 62 4 62 Appendix A Chapter 12: Financial Statements Best Practices Financial Reports 12 1 Move operating data to other reports 12 2 Post financial statements in an Excel PivotTable on the Internet ... practices on, 126 128 Implementation issues, 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 ... parallel ones 12 18 Create a closing schedule 12 19 Document the process 12 20 Restrict the use of journal entries 12 21 Train the staff in closing procedures 12 22 Use cycle counting to avoid month-end...
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Risk and management Accounting Best Practices_3 doc
... for any lastminute alterations Cost: Installation time: ch05_4773.qxd 12/ 29 /06 8:59 AM Page 125 5 25 Use Video Conferencing for Budget Updating 125 5 24 Use On- Line Budget Updating One of the ... in deductions lingering on the accounts receivable aging report The best approach for managing these deductions varies based on the incoming volume For instance, if the collections staff is inundated ... that wire transfer information can be sent electronically to the bank Yet another version is to send wire transfers by accessing the bank’s database on- line and performing all the work oneself With...
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Risk and management Accounting Best Practices_5 docx
... information, the decision may be a wrong one because the overhead cost component of the information was wrong The reason why overhead costing information is incorrect in so many instances is ... ch09_4773.qxd 12/ 29 /06 9 :20 AM Page 21 2 21 2 Costing Best Practices one can report on the activities which truly have the greatest impact on product costs Cost: Installation time: 9 12 Track Excess ... accounting staff can create the best costing reports in the world, constantly update this information, and hound the production, engineering, and purchasing staffs incessantly to improve the situation,...
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Risk and management Accounting Best Practices_6 pot
... ch11_4773.qxd 12/ 29 /06 9 :22 AM Page 24 7 11 2 Obtain Financing through Internet Lender Sites 24 7 • Review the capital spending plan to determine which planned purchases not involve increases in the capacity ... of the times when they can access ch11_4773.qxd 12/ 29 /06 9 :22 AM Page 25 1 11–9 Outsource the Company Stock Purchase Plan 25 1 these calls The only limitation on this approach is the number of investors ... Exhibit 10 .2 Overview of the Document-Imaging Process ch10_4773.qxd 12/ 29 /06 9 :21 AM Page 22 8 22 8 Filing Best Practices that there will be great difficulty in later locating it in the computer; in effect,...
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Risk and management Accounting Best Practices_7 ppt
... 12 21 Train the staff in closing procedures 12 22 Use cycle counting to avoid month-end counts 12 23 Use internal audits to locate transaction problems in advance (continues) ch 12_ 4773.qxd 12/ 29 /06 ... Reports 12 1 Move operating data to other reports 12 2 Post financial statements in an Excel PivotTable on the Internet 12 3 Restrict the level of reporting 12 4 Write financial statement footnotes in ... operating data for inclusion in the financial statements Complete a preliminary set of financial statements ch 12_ 4773.qxd 12/ 29 /06 9 :24 AM Page 28 5 12 19 Document the Process 28 5 Exhibit 12. 4 (Continued)...
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