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11 1 strategize cost of capital reductions

Accounting Best PracticesFifth Edition_1 ppt

Accounting Best PracticesFifth Edition_1 ppt

Kế toán - Kiểm toán

... 12 43 779777 Fax: (44) 12 43 770638 cs-books@wiley.co.uk Jacaranda Wiley Ltd PRT Division P.O Box 17 4 North Ryde, NSW 211 3 AUSTRALIA Phone: (02) 805 -11 0 0 Fax: (02) 805 -15 97 headoffice@jacwiley.com.au ... John Wiley & Sons, Inc., 11 1 River Street, Hoboken, NJ 07030, 2 01- 748-6 011 , fax 2 01- 7486008, or online at www.wiley.com/go/permissions Limit of Liability/Disclaimer of Warranty: While the publisher ... Practices 18 7 Chapter Costing Best Practices 200 Chapter 10 Filing Best Practices 2 21 Chapter 11 Finance Best Practices 244 Chapter 12 Financial Statements Best Practices 266 Chapter 13 General...
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Accounting Best PracticesFifth Edition_3 docx

Accounting Best PracticesFifth Edition_3 docx

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... problems to be aware of 81 ch04_4773.qxd 12 /29/06 9 :11 AM Page 82 82 Billing Best Practices Exhibit 4 .1 Summary of Billing Best Practices Best Practice Invoice Delivery 4 1 Avoid missed billings ... transactions 4 17 Use automated bank account deductions 4 18 Improve shipping charge revenue Cost Install Time ch04_4773.qxd 12 /29/06 9 :11 AM Page 83 4 1 Avoid Missed Billings 83 The descriptions should ... Enhance the invoice layout 4 10 Automatically check errors during invoice data entry 4 11 Delivery person creates the invoice 4 12 Computerize the shipping log 4 13 Track exceptions between the...
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Accounting Best PracticesFifth Edition_4 docx

Accounting Best PracticesFifth Edition_4 docx

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... when 10 0 percent of the target 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 11 3 5 11 Use Activity-Based Budgeting 11 3 using ... Page 11 1 5–9 Include a Working Capital Analysis 11 1 average employee benefit percentage, seasonality percentage for revenues, changes in revenues, and the tax and interest rates The remainder of ... importance of accurate ch05_4773.qxd 12 /29/06 11 2 8:59 AM Page 11 2 Budgeting Best Practices working capital forecasting cannot be overstated, especially for a cash-strapped company Cost: Installation...
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Accounting Best PracticesFifth Edition_5 docx

Accounting Best PracticesFifth Edition_5 docx

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... ch05_4773.qxd 12 /29/06 8:59 AM Page 11 9 5 18 Adopt Two-Stage Capital Budgeting 11 9 to estimate completion times Just be sure to note actual completion ... In addition, AvantGard-ASP has a data file download ch06_4773.qxd 12 /29/06 9 :14 AM Page 14 1 6 11 Utilize an Investment Policy 14 1 that can be modified for automated porting to a company’s general ... of $1, 000 means that any invoice of more than $1, 000 is in the ch07_4773.qxd 12 /29/06 15 0 9 :16 AM Page 15 0 Credit and Collections Best Practices group of invoices that represents the bulk of a...
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Accounting Best PracticesFifth Edition_7 pptx

Accounting Best PracticesFifth Edition_7 pptx

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... 1. 57 1. 65 1. 72 1. 67 1. 57 6% 03/ 31/ 08 Spade 8.07 9.48 10 .93 10 .93 8.07 35% 06/30/08 Shovel 8.08 9.49 10 .94 10 .94 8.08 35% 06/30/08 Hose 15 . 01 14.98 14 .95 14 .90 14 .90 0% 06/30/08 Sprinkler 23 .19 ... ch09_4773.qxd 12 /29/06 9:20 AM Page 211 9 11 Implement Target Costing 211 able gross margins Throughput accounting is especially valid for manufacturing facilities that use large amounts of machinery, ... Base Cost Actual Cost 3/ 31/ 07 Actual Actual Variance Cost Cost Target from 6/30/07 9/30/07 Cost Target Pail $ 4.00 $ 4 .12 $ 4 .15 $ 4.29 $ 3.98 8% 03/ 31/ 08 Bucket 3.92 3.92 3.90 3.88 3.75 3% 03/ 31/ 08...
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Accounting Best PracticesFifth Edition_9 doc

Accounting Best PracticesFifth Edition_9 doc

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... applicability of this approach and the tax deductibility of contributions made into a rent-a-captive Cost: Installation time: ch 11_ 4773.qxd 12 /29/06 9:23 AM Page 259 11 21 Issue Catastrophe Bonds 259 11 20 ... prices based on the factors just noted Cost: Installation time: ch 11_ 4773.qxd 12 /29/06 9:22 AM Page 257 11 18 Obtain Advance Rating Assessments 257 11 17 Obtain Key Man Life Insurance for the ... ch 11_ 4773.qxd 12 /29/06 9:22 AM Page 255 11 16 Grant Employees Immediate 4 01( k) Eligibility 255 11 13 Use Internet-Based Options Pricing Services Any...
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Accounting Best PracticesFifth Edition_11 potx

Accounting Best PracticesFifth Edition_11 potx

Kế toán - Kiểm toán

... chart of ch14_4773.qxd 12 /29/06 9:28 AM Page 335 14 –2 Modify Account Code Structure for Storage of ABC Information 335 Exhibit 14 .1 Summary of General Ledger Best Practices Best Practice Cost ... Time Chart of Accounts 14 1 Eliminate small-balance accounts 14 –2 Modify account code structure for storage of ABC information 14 –3 Reduce the chart of accounts 14 –4 Use identical chart of accounts ... 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 ...
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Accounting Best PracticesFifth Edition_13 pot

Accounting Best PracticesFifth Edition_13 pot

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... implemented as part of a new product phase-in, which may be triggered by the ch16_4773.qxd 12 /29/06 9:33 AM Page 411 Total Impact of Best Practices on the Inventory Function 411 scheduled end of a product ... biometric time clocks 17 10 Track time with mobile phones 17 11 Use honor system to track vacation and sick time Payments to Employees 17 12 Issue electronic W-2 forms to employees 17 13 Outsource W-2 ... daily cycle-counting routines Cost: Installation time: ch16_4773.qxd 12 /29/06 9:33 AM Page 4 01 16–33 Reduce the Number of Product Options 4 01 16–32 Reduce the Number of Products The sales department...
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Podcast Accounting Best Practices_2 pot

Podcast Accounting Best Practices_2 pot

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... when 10 0 percent of the target 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 11 3 5 11 Use Activity-Based Budgeting 11 3 using ... Page 11 1 5–9 Include a Working Capital Analysis 11 1 average employee benefit percentage, seasonality percentage for revenues, changes in revenues, and the tax and interest rates The remainder of ... importance of accurate ch05_4773.qxd 12 /29/06 11 2 8:59 AM Page 11 2 Budgeting Best Practices working capital forecasting cannot be overstated, especially for a cash-strapped company Cost: Installation...
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Podcast Accounting Best Practices_3 docx

Podcast Accounting Best Practices_3 docx

Kế toán - Kiểm toán

... ch05_4773.qxd 12 /29/06 8:59 AM Page 11 9 5 18 Adopt Two-Stage Capital Budgeting 11 9 to estimate completion times Just be sure to note actual completion ... In addition, AvantGard-ASP has a data file download ch06_4773.qxd 12 /29/06 9 :14 AM Page 14 1 6 11 Utilize an Investment Policy 14 1 that can be modified for automated porting to a company’s general ... of $1, 000 means that any invoice of more than $1, 000 is in the ch07_4773.qxd 12 /29/06 15 0 9 :16 AM Page 15 0 Credit and Collections Best Practices group of invoices that represents the bulk of a...
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Podcast Accounting Best Practices_4 potx

Podcast Accounting Best Practices_4 potx

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... 7,250,000 1. 6% 11 6 ,000 Medium high 3,875,000 3.9% 15 1 ,12 5 750,000 7 .1% 53,250 $ 21, 375,000 1. 9% $396,375 High risk Totals Cost: Installation time: ch07_4773.qxd 12 /29/06 15 8 9 :16 AM Page 15 8 Credit ... of credit insurance This is essentially a guarantee against customer nonpayment It is faster to ch07_4773.qxd 12 /29/06 9 :16 AM Page 18 1 7– 41 Shorten the Terms of Sale 18 1 set up than a line of ... review—don’t wait a couple of extra days for customer payment information to arrive by mail Cost: Installation time: ch07_4773.qxd 12 /29/06 9 :16 AM Page 17 1 7–26 Create a Credit Policy 17 1 7–26 Create a...
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Podcast Accounting Best Practices_6 pdf

Podcast Accounting Best Practices_6 pdf

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... 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 ... 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 Automate 4 01( k) ... 4 01( k) plan enrollment 11 15 Grant employees immediate 4 01( k) eligibility Risk Management 11 16 Consolidate insurance policies 11 17 Obtain key man life insurance for the CFO 11 18 Obtain advance...
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Podcast Accounting Best Practices_8 ppt

Podcast Accounting Best Practices_8 ppt

Kế toán - Kiểm toán

... approach ch13_4773.qxd 12 /29/06 9:26 AM Page 311 13 12 Use Balanced Scorecard Reporting 311 will depend on a company’s budget, existing systems, and information distribution requirements Cost: Installation ... Systems 13 13 Create a contract terms database 13 14 Install a knowledge management system 13 15 Scan fingerprints at user workstations Taxation 13 16 Create an on-line tax policy listing 13 17 Designate ... intranet 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...
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Podcast Accounting Best Practices_10 pptx

Podcast Accounting Best Practices_10 pptx

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... knowledge of bills of material Cost: Installation time: ch16_4773.qxd 12 /29/06 9:32 AM Page 372 372 Inventory Best Practices Exhibit 16 .1 Summary of Inventory Best Practices Best Practice Bill of Material ... 16 15 Audit all inventory transactions 16 16 Compare recorded inventory activity to on-hand inventories 16 17 Eliminate the physical count process 16 18 Cycle count based on usage frequency 16 19 ... area 16 –20 Move inventory to floor stock 16 – 21 Segregate customer-owned inventory 16 –22 Streamline the physical count process Cost Install Time ch16_4773.qxd 12 /29/06 9:33 AM Page 373 16 1 Audit...
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Podcast Accounting Best Practices_11 potx

Podcast Accounting Best Practices_11 potx

Kế toán - Kiểm toán

... implemented as part of a new product phase-in, which may be triggered by the ch16_4773.qxd 12 /29/06 9:33 AM Page 411 Total Impact of Best Practices on the Inventory Function 411 scheduled end of a product ... biometric time clocks 17 10 Track time with mobile phones 17 11 Use honor system to track vacation and sick time Payments to Employees 17 12 Issue electronic W-2 forms to employees 17 13 Outsource W-2 ... daily cycle-counting routines Cost: Installation time: ch16_4773.qxd 12 /29/06 9:33 AM Page 4 01 16–33 Reduce the Number of Product Options 4 01 16–32 Reduce the Number of Products The sales department...
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Podcast Accounting Best Practices_13 docx

Podcast Accounting Best Practices_13 docx

Kế toán - Kiểm toán

... of best practices on, 12 6 12 8 Implementation issues, 10 3 10 5 Line item preloading, 11 9 On-line updating, 12 5 Procedure, 11 6 11 9 Revisions, 12 2 Risk analysis, 11 5 11 6 Simplification, 12 3 12 4 Software, ... 12 3 12 4 Software, 12 0 12 1 Summary-level, 11 0 11 1 Business driver analysis, see Driver analysis Calendars, activity, 306 Capacity Analysis, 10 6 10 7 Tracking, 212 Capital budget, 11 8 , 11 9 12 0 Captive ... 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_3 doc

Risk and management Accounting Best Practices_3 doc

Cao đẳng - Đại học

... ch05_4773.qxd 12 /29/06 8:59 AM Page 11 9 5 18 Adopt Two-Stage Capital Budgeting 11 9 to estimate completion times Just be sure to note actual completion ... In addition, AvantGard-ASP has a data file download ch06_4773.qxd 12 /29/06 9 :14 AM Page 14 1 6 11 Utilize an Investment Policy 14 1 that can be modified for automated porting to a company’s general ... of $1, 000 means that any invoice of more than $1, 000 is in the ch07_4773.qxd 12 /29/06 15 0 9 :16 AM Page 15 0 Credit and Collections Best Practices group of invoices that represents the bulk of a...
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Risk and management Accounting Best Practices_5 docx

Risk and management Accounting Best Practices_5 docx

Cao đẳng - Đại học

... 1. 57 1. 65 1. 72 1. 67 1. 57 6% 03/ 31/ 08 Spade 8.07 9.48 10 .93 10 .93 8.07 35% 06/30/08 Shovel 8.08 9.49 10 .94 10 .94 8.08 35% 06/30/08 Hose 15 . 01 14.98 14 .95 14 .90 14 .90 0% 06/30/08 Sprinkler 23 .19 ... ch09_4773.qxd 12 /29/06 9:20 AM Page 211 9 11 Implement Target Costing 211 able gross margins Throughput accounting is especially valid for manufacturing facilities that use large amounts of machinery, ... Base Cost Actual Cost 3/ 31/ 07 Actual Actual Variance Cost Cost Target from 6/30/07 9/30/07 Cost Target Pail $ 4.00 $ 4 .12 $ 4 .15 $ 4.29 $ 3.98 8% 03/ 31/ 08 Bucket 3.92 3.92 3.90 3.88 3.75 3% 03/ 31/ 08...
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Risk and management Accounting Best Practices_6 pot

Risk and management Accounting Best Practices_6 pot

Cao đẳng - Đại học

... 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 ... 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 Automate 4 01( k) ... 4 01( k) plan enrollment 11 15 Grant employees immediate 4 01( k) eligibility Risk Management 11 16 Consolidate insurance policies 11 17 Obtain key man life insurance for the CFO 11 18 Obtain advance...
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Risk and management Accounting Best Practices_7 ppt

Risk and management Accounting Best Practices_7 ppt

Cao đẳng - Đại học

... applicability of this approach and the tax deductibility of contributions made into a rent-a-captive Cost: Installation time: ch 11_ 4773.qxd 12 /29/06 9:23 AM Page 259 11 21 Issue Catastrophe Bonds 259 11 20 ... prices based on the factors just noted Cost: Installation time: ch 11_ 4773.qxd 12 /29/06 9:22 AM Page 257 11 18 Obtain Advance Rating Assessments 257 11 17 Obtain Key Man Life Insurance for the ... ch 11_ 4773.qxd 12 /29/06 9:22 AM Page 255 11 16 Grant Employees Immediate 4 01( k) Eligibility 255 11 13 Use Internet-Based Options Pricing Services Any...
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