accounting best practices by steven m bragg

... of time on the success of a best practices implementation. TIMING OF BEST PRACTICES Both the timing of a best practice implementation and the time it takes to com- plete it have a major impact ... that maintains a mainframe computer that receives messages from a number of subscribing companies. The message recipient dials into its elec- tronic mailbox at the third-party’s mainframe (usually ... this problem involves a fun- damental lack of communication, especially to those people who are most impacted by change. When a single implementation is completed without Why Best Practices Fail...

Ngày tải lên: 13/12/2013, 11:32

... con- siderable amount of programming time should reserve that time in advance with the programming staff to ensure that the programming is completed on time. Also, the management team must have a ... can reduce the number of transaction errors, by such means as automated employee expense reports, automated bank account deductions, or a simplified commission calculation system. By implementing a plethora ... 110 Chapter 7 Collections Best Practices 128 Chapter 8 Commissions Best Practices 154 Chapter 9 Costing Best Practices 167 Chapter 10 Filing Best Practices 184 Chapter 11 Finance Best Practices 206 Chapter...

Ngày tải lên: 13/02/2014, 23:20

... con- siderable amount of programming time should reserve that time in advance with the programming staff to ensure that the programming is completed on time. Further, the management team must have ... reduce the number of transaction errors, by such means as automated employee expense reports, automated bank account deductions, or a simplifi ed commission calculation system. By implementing a ... best practices implementation. Timing of Best Practices The timing of a best practice implementation, the time it takes to complete it, and the pacing of installations have a major impact on the...

Ngày tải lên: 09/05/2014, 17:37

... essentially eliminates the time saved by the originating company when it first set up the ACH payment system. Some companies have created a system that issues separate payment notifications by mail, but ... Payable Best Practices ch03_4773.qxd 12/29/06 9:10 AM Page 76 82 Billing Best Practices Exhibit 4.1 Summary of Billing Best Practices Best Practice Cost Install Time Invoice Delivery 4–1 Avoid missed ... system, specifically targeted at payables. It features complex software with many interfaces, since it must handle incoming payment information in many data formats, work-flow management of payment...

Ngày tải lên: 22/06/2014, 16:20

... suitable time lag been built into the plan to account for the ramp-up time needed to implement the automation? Some of these problems are present in all but the best budget models. The best practice ... contracts to pay fixed monthly amounts. In these cases, a com- pany issues invoices for the same amount every month to all of its customers. The customers then pay the same amount every month and the ... problem is that the most efficient EDI systems require some automation. A standard EDI system requires one to manually enter all transactions, as well as manually extract them from the EDI mailbox...

Ngày tải lên: 22/06/2014, 16:20

... customer are extremely small—the cost of contacting them may exceed the profit from annual sales to them. Thus, a company with a small num- ber of customers or many low-volume customers may not ... cable, or T1 phone 130 Cash Management Best Practices Exhibit 6.1 Summary of Cash Management Best Practices Best Practice Cost Install Time 6–1 Access bank account information on the Internet 6–2 ... Structure Using Best Practices ch06_4773.qxd 12/29/06 9:14 AM Page 131 Total Impact of Best Practices on the Cash Management Function 143 Exhibit 6.3 Impact of Best Practices on the Cash Management Function this...

Ngày tải lên: 22/06/2014, 16:20

... Commissions Best Practices Exhibit 8.1 Summary of Commissions Best Practices Best Practice Cost Install Time Commission Calculations 8–1 Automatically calculate commissions in the computer system 8–2 ... final commissions from actual data 8–3 Construct a standard commission terms table 8–4 Periodically issue a summary of commission rates 8–5 Simplify the commission structure Commission Payments 8–6 ... Best Practices (Wiley, 2005). 186 Credit and Collections Best Practices ch07_4773.qxd 12/29/06 9:16 AM Page 186 198 Commissions Best Practices Exhibit 8.2 Impact of Best Practices on the Commissions...

Ngày tải lên: 22/06/2014, 16:20

... to operate. By making these changes, a number of system reliability problems can be eliminated. • Scheduled downtime. One of the most common employee complaints regard- ing system downtime is that maintenance ... Practices Exhibit 10.1 Summary of Filing Best Practices Best Practice Cost Install Time Mailroom Improvements 10–1 Open envelopes with a belt sander 10–2 Improve the mailroom interface Computer-Related ... into your computer system and bypass the mailroom. • Mailroom opens all mail. Don’t just let the mailroom forward envelopes to employees without first opening them (unless they are marked “confidential”), since...

Ngày tải lên: 22/06/2014, 16:20

... commitments for which a company may be liable. The problem for company management is that the employ- ees who may be creating these commitments (especially in the purchasing and legal departments) ... 270 Implementation Issues for Financial Statements Best Practices 267 Exhibit 12.1 Summary of Financial Statements Best Practices Best Practice Cost Install Time Financial Reports 12–1 Move operating ... income and does not allow a company to pay down the opti- mal amount of debt. These problems can be mitigated by implementing regional treasury manage- ment centers, usually one per continent. By...

Ngày tải lên: 22/06/2014, 16:20

... employees on training issues. Thus, implement- ing these best practices will require detailed management by the internal audit man- ager to see when auditor time can be made available to complete ... from which the information is drawn. If any of the information from mul- tiple locations is to be combined to create summary-level reports, then either a custom interface must be built to combine ... the same information and to develop an automated solution for them first. Any remaining tax forms requiring special programming to automate should be reviewed on a case -by- case basis to determine...

Ngày tải lên: 22/06/2014, 16:20

... assemble materials for the production department to use. This is an extremely difficult best practice to implement. The concept that only a relatively small number of companies have fully implemented ... recommend the implementation of the system in which the person is an expert, since he or she can offer valuable implementation tips to the local management team in regard to installing the system. ... travel- ing to remote company locations. Further, this information is then available to all auditors, anywhere in the company, for immediate review. If audit documents must be approved by multiple people,...

Ngày tải lên: 22/06/2014, 16:20

... requiring greater implementation effort and that Implementation Issues for Payroll Best Practices 415 Exhibit 17.1 Summary of Payroll Best Practices Best Practice Cost Install Time Employee Deductions 17–1 ... formal training in any incremental improvements made to the system over time. Cost: Installation time: 16–27 Record Inventory Transactions with Radio Frequency Communications Even if a company ... For example, a person picks a part from stock, scans the item’s bar code and the loca- 396 Inventory Best Practices ch16_4773.qxd 12/29/06 9:33 AM Page 396 Summary 413 Exhibit 16.2 Impact of Best Practices...

Ngày tải lên: 22/06/2014, 16:20

... steps. Impacted best practices: •• Disallow prepayments • The company does not make purchases on behalf of employees. This policy keeps the accounting staff from making a series of deductions from employee paychecks ... the old 401(k) administrator may require a separation fee if the company is terminating its services inside of a minimum time interval, which may involve a small penalty payment. These issues ... time they have left. In most companies, this information is kept manually by the pay- roll staff, so employees troop down to the payroll department once a month (and more frequently in the prime...

Ngày tải lên: 22/06/2014, 16:20

... con- siderable amount of programming time should reserve that time in advance with the programming staff to ensure that the programming is completed on time. Further, the management team must have ... 7 Accounting Best Practices Fifth Edition Steven M. Bragg John Wiley & Sons, Inc. ch00_FM_4773.qxd 12/29/06 9:07 AM Page iii multiple best practices at the same time or one after another, there is more ... this book. xiii ch00_FM_4773.qxd 12/29/06 9:07 AM Page xiii Accounting Best Practices Fifth Edition Steven M. Bragg John Wiley & Sons, Inc. ch00_FM_4773.qxd 12/29/06 9:07 AM Page iii 20 Accounts Payable Best Practices Exhibit...

Ngày tải lên: 28/06/2014, 00:20

... can reduce the number of transaction errors, by such means as automated employee expense reports, automated bank account deductions, or a simplified commission calculation system. By implementing a plethora ... should reserve that time in advance with the programming staff to ensure that the programming is completed on time. Also, the management team must have a sufficient amount of time available to properly ... odds become even smaller if multiple depart- ments are involved. The main reason is that there is now an extra manager involved, who may not have the commitment of the accounting manager to make...

Ngày tải lên: 28/06/2014, 22:20

Ngày tải lên: 02/07/2014, 00:20

Ngày tải lên: 06/08/2014, 10:20

Ngày tải lên: 06/08/2014, 10:20

Ngày tải lên: 06/08/2014, 10:20

Ngày tải lên: 06/08/2014, 10:20