Accounting Best Practices - Hardcover

Bragg, Steven M.

Hardcover

ISBN 10: 0471444286 ISBN 13: 9780471444282

Publisher: Wiley, 2003

Synopsis

New best practices for the evolving business

Everyone knows that adopting accounting best practices can improve efficiency and reduce error rates in the accounting department, but less obvious are the benefits gained from better reporting of information to other parts of the company. More accurate data reported faster can play an integral role in both short- and long-term strategic planning. Accounting guru Steven Bragg explains how to leverage this and other opportunities in his authoritative Accounting Best Practices, Third Edition.

Bragg adds over sixty new best practices to his benchmark resource, concentrating primarily on the areas of:

• Internal auditing
• Accounts payable
• Finance
• Payroll

Bragg highlights the dos and don'ts of best practices implementation, and a new reference system renders the expansive collection of best practices readily accessible. Accounting and financial managers, internal and external auditors, and consultants will find Accounting Best Practices, Third Edition to be a peerless resource.

About this title

About the Author

STEVEN M. BRAGG, CPA, CMA, CIA, CPM, CPIM, has been the Chief Financial Officer or Controller of four companies, as well as a consulting manager at Ernst & Young. He has authored fifteen books on a variety of accounting and other business topics.

Everyone knows that adopting accounting best practices can improve efficiency and reduce error rates in the accounting department, but less obvious are the benefits gained from better reporting of information to other parts of the company. More accurate data reported faster can play an integral role in both short- and long-term strategic planning. Accounting guru Steven Bragg explains how to leverage this and other opportunities in his authoritative Accounting Best Practices, Third Edition.

Bragg adds over sixty new best practices to his benchmark resource, concentrating primarily on the areas of:

• Internal auditing
• Accounts payable
• Finance
• Payroll

Bragg highlights the dos and don’ts of best practices implementation, and a new reference system renders the expansive collection of best practices readily accessible. Accounting and financial managers, internal and external auditors, and consultants will find Accounting Best Practices, Third Edition to be a peerless resource.

From the Inside Flap

The accounting department that strives to adopt best practices enjoys a host of benefits, not the least of which include improved customer service, cycle times, product quality, and profitability, as well as reduced error rates. Building upon his benchmark resource, renowned accounting authority Steven Bragg adds sixty new best practices for improving both efficiency and accuracy in the third edition of Accounting Best Practices.

This seminal reference comprises close to 300 best practices in all, making it the most comprehensive collection available. As with its predecessors, Accounting Best Practices, Third Edition covers a wide variety of accounting functions, including:

• Accounts payable
• Billing
• Budgeting
• Cash management
• Finance
• Financial statements
• Inventory
• Payroll

The author also includes an all-new chapter, "Internal Auditing Best Practices," reflecting how this function has increasingly become the province of the Chief Financial Officer; nineteen best practices are explained. Bragg further contributes a number of new risk and investor management best practices to the finance chapter and expands the accounts payable chapter to forty total best practices, the most of any chapter in the book.

As the scope of Accounting Best Practices continues to expand, the need for a quick and simple index system becomes increasingly apparent. Answering this need, the author has created a table at the beginning of each chapter, itemizing and enumerating the best practices contained within. The tables also graphically describe the cost and duration of implementation required for each item, and, for easy reference, all tables are collected in an appendix.

Bragg also shows how to use contract management software to avoid revenue recognition violations and notes best practice implementation pitfalls, so managers can troubleshoot in advance. Accounting Best Practices, Third Edition not only shows how to improve efficiency and reduce error rates, but also how to deliver better information to other parts of the company. It remains the perfect do-it-yourself book for the accounting manager who wants to improve his or her department.

Edition details

• Publisher: Wiley
• Publication date: 2003
• Language: English
• ISBN 10: 0471444286
• ISBN 13: 9780471444282
• Binding: Hardcover
• Edition number: 3
• Number of pages: 408