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11 16 consolidate insurance policies

Accounting Best PracticesFifth Edition_1 ppt

Accounting Best PracticesFifth Edition_1 ppt

Kế toán - Kiểm toán

... should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, 201-748-6 011, fax 201-7486008, or online at www.wiley.com/go/permissions Limit of ... cs-books@wiley.co.uk Jacaranda Wiley Ltd PRT Division P.O Box 174 North Ryde, NSW 2113 AUSTRALIA Phone: (02) 805 -110 0 Fax: (02) 805-1597 headoffice@jacwiley.com.au John Wiley & Sons (SEA) Pte Ltd ... Chapter 15 Internal Auditing Best Practices 352 Chapter 16 Inventory Best Practices 370 Chapter 17 Payroll Best Practices 414 Chapter 18 Policies in Support of Best Practices 445 Appendix A Summary...
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Accounting Best PracticesFifth Edition_3 docx

Accounting Best PracticesFifth Edition_3 docx

Kế toán - Kiểm toán

... invoices 4 16 Replace intercompany invoicing with operating 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 ... payments should be automated The number of payments can also be reduced by using procurement cards to consolidate the number of billings received, while blanket purchase orders are useful for shrinking ... accounts payable staff achieve sensational productivity improvements ch04_4773.qxd 12/29/06 9 :11 AM Page 81 Chapter Billing Best Practices This chapter covers the best practices that can be...
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Accounting Best PracticesFifth Edition_4 docx

Accounting Best PracticesFifth Edition_4 docx

Kế toán - Kiểm toán

... the inflation rate, average pay raise, ch05_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 revenues, ... all risk analysis has been conducted with the budget model, ch05_4773.qxd 12/29/06 8:59 AM Page 116 116 Budgeting Best Practices include the results of this experimentation in a separate budget ... participants tend to “game the system,” ch05_4773.qxd 12/29/06 8:59 AM Page 113 5 11 Use Activity-Based Budgeting 113 using incorrect sales or accounting practices to exactly meet their maximum...
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Accounting Best PracticesFifth Edition_5 docx

Accounting Best PracticesFifth Edition_5 docx

Kế toán - Kiểm toán

... ch05_4773.qxd 12/29/06 8:59 AM Page 119 5–18 Adopt Two-Stage Capital Budgeting 119 to estimate completion times Just be sure to note actual completion dates ... Practices Best Practice 6–1 Avoid delays in check posting 6–3 Collect receivables through lockboxes 6–4 Consolidate bank accounts 6–5 Implement area-concentration banking 6–6 Implement controlled disbursements ... Shift money with electronic funds transfer 6–10 Use Internet-based cash flow analysis software 6 11 Utilize an investment policy Exhibit 6.2 that shows how lockboxes and area-concentration banking...
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Accounting Best PracticesFifth Edition_7 pptx

Accounting Best PracticesFifth Edition_7 pptx

Kế toán - Kiểm toán

... points will now be considered to yield accept- 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 ... accounting 9 11 Implement target costing 9–12 Track excess capacity 9–13 Limit access to unit of measure changes 9–14 Report on landed cost instead of supplier price 9–15 Review cost trends 9 16 Review ... department does not well in reporting on late deliveries, since this ch09_4773.qxd 216 12/29/06 9:20 AM Page 216 Costing Best Practices does not involve the database of financial information that...
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Accounting Best PracticesFifth Edition_9 doc

Accounting Best PracticesFifth Edition_9 doc

Kế toán - Kiểm toán

... considered the overriding issue Cost: Installation time: 11 16 Consolidate Insurance Policies Insurance policies are frequently added to a company’s insurance portfolio in a piecemeal manner Someone ... 12/29/06 9:22 AM Page 257 11 18 Obtain Advance Rating Assessments 257 11 17 Obtain Key Man Life Insurance for the CFO It is common for companies to take out key man life insurance policies on their chief ... Installation time: 11 19 Rent a Captive Insurance Company Companies are having increasing difficulty obtaining reasonably priced insurance of all types, if they can obtain insurance at all Captive insurance...
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Accounting Best PracticesFifth Edition_11 potx

Accounting Best PracticesFifth Edition_11 potx

Kế toán - Kiểm toán

... environments Though it is possible to manually consolidate this information, it is a tedious and error-prone process that also requires a considerable lag time before consolidated reports can be generated ... posting bottlenecks 14–10 Have subsidiaries update their own data in the central general ledger 14 11 Prescreen construction-in-progress entries System Additions 14–12 Construct automated interfaces ... account balances to those of previous periods For example, if five accounts are merged into one consolidated account, it is difficult to show how the balance in the new account compares to the...
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Accounting Best PracticesFifth Edition_13 pot

Accounting Best PracticesFifth Edition_13 pot

Kế toán - Kiểm toán

... ch16_4773.qxd 12/29/06 9:33 AM Page 391 16 22 Streamline the Physical Count Process 391 16 22 Streamline the Physical Count Process Some companies ... RFID standards can be found at www.epcglobalinc.org ch16_4773.qxd 12/29/06 9:33 AM Page 399 16 30 Eliminate All Transaction Backlogs 399 16 29 Eliminate All Paper from Inventory Transactions ... daily cycle-counting routines Cost: Installation time: ch16_4773.qxd 12/29/06 9:33 AM Page 401 16 33 Reduce the Number of Product Options 401 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

Kế toán - Kiểm toán

... the inflation rate, average pay raise, ch05_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 revenues, ... all risk analysis has been conducted with the budget model, ch05_4773.qxd 12/29/06 8:59 AM Page 116 116 Budgeting Best Practices include the results of this experimentation in a separate budget ... participants tend to “game the system,” ch05_4773.qxd 12/29/06 8:59 AM Page 113 5 11 Use Activity-Based Budgeting 113 using incorrect sales or accounting practices to exactly meet their maximum...
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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 119 5–18 Adopt Two-Stage Capital Budgeting 119 to estimate completion times Just be sure to note actual completion dates ... Practices Best Practice 6–1 Avoid delays in check posting 6–3 Collect receivables through lockboxes 6–4 Consolidate bank accounts 6–5 Implement area-concentration banking 6–6 Implement controlled disbursements ... Shift money with electronic funds transfer 6–10 Use Internet-based cash flow analysis software 6 11 Utilize an investment policy Exhibit 6.2 that shows how lockboxes and area-concentration banking...
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Podcast Accounting Best Practices_4 potx

Podcast Accounting Best Practices_4 potx

Kế toán - Kiểm toán

... 7,250,000 1.6% 116 ,000 Medium high 3,875,000 3.9% 151,125 750,000 7.1% 53,250 $21,375,000 1.9% $396,375 High risk Totals Cost: Installation time: ch07_4773.qxd 12/29/06 158 9 :16 AM Page 158 Credit ... sudden decline of a customer, it is better to arrange for automatic ch07_4773.qxd 12/29/06 160 9 :16 AM Page 160 Credit and Collections Best Practices notification of any significant changes to the ... that are not normally combined This almost ch07_4773.qxd 12/29/06 9 :16 AM Page 161 7–17 Issue Dunning Letters Automatically 161 certainly calls for customized programming and may have a risk that...
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Podcast Accounting Best Practices_6 pdf

Podcast Accounting Best Practices_6 pdf

Kế toán - Kiểm toán

... 401(k) plan enrollment 11 15 Grant employees immediate 401(k) eligibility Risk Management 11 16 Consolidate insurance policies 11 17 Obtain key man life insurance for the CFO 11 18 Obtain advance ... Investor Relations 11 6 Eliminate small investors 11 7 Open conference calls to the public 11 8 Issue investor relations podcasts 11 9 Outsource the company stock purchase plan 11 10 Sell shares ... Internet-based 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...
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Podcast Accounting Best Practices_8 ppt

Podcast Accounting Best Practices_8 ppt

Kế toán - Kiểm toán

... 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 time: 13 11 Track Function ... 9/30 /11 Monthly $1,000 Single Source Bill Them for Monthly Lease of Space None None Quarterly $202 Pitney Bowes Lease on Postage Machine (continues) ch13_4773.qxd 12/29/06 9:26 AM Page 316 316 ... for some people ch13_4773.qxd 12/29/06 9:26 AM Page 301 13–3 Create a Policies and Procedures Manual 301 Exhibit 13.2 Sample Policies Page Accounts Payable: • Any supplier invoice within percent...
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Podcast Accounting Best Practices_10 pptx

Podcast Accounting Best Practices_10 pptx

Kế toán - Kiểm toán

... Issues 16 7 Compare open purchase orders to current requirements 16 8 Reject unplanned receipts 16 9 Obtain advance shipping notices for inbound deliveries 16 10 Eliminate the receiving function 16 11 ... periodic location changes 16 14 Eliminate the warehouse Inventory Accuracy 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 Lock down the warehouse area 16 20 Move inventory to floor stock 16 21 Segregate customer-owned inventory 16 22 Streamline the...
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Podcast Accounting Best Practices_11 potx

Podcast Accounting Best Practices_11 potx

Kế toán - Kiểm toán

... ch16_4773.qxd 12/29/06 9:33 AM Page 391 16 22 Streamline the Physical Count Process 391 16 22 Streamline the Physical Count Process Some companies ... RFID standards can be found at www.epcglobalinc.org ch16_4773.qxd 12/29/06 9:33 AM Page 399 16 30 Eliminate All Transaction Backlogs 399 16 29 Eliminate All Paper from Inventory Transactions ... daily cycle-counting routines Cost: Installation time: ch16_4773.qxd 12/29/06 9:33 AM Page 401 16 33 Reduce the Number of Product Options 401 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

... Risk Management 11 16 Consolidate insurance policies 11 17 Obtain key man life insurance for the CFO 11 18 Obtain advance rating assessments 11 19 Rent a captive insurance company 11 20 Use Internet-based ... 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 Summary-level, 110 111 Business driver analysis, ... A 16 19 Lock down the warehouse area 16 20 Move inventory to floor stock 16 21 Segregate customer-owned inventory 16 22 Streamline the physical count process 16 23 Track inventory accuracy 16 24...
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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 119 5–18 Adopt Two-Stage Capital Budgeting 119 to estimate completion times Just be sure to note actual completion dates ... Practices Best Practice 6–1 Avoid delays in check posting 6–3 Collect receivables through lockboxes 6–4 Consolidate bank accounts 6–5 Implement area-concentration banking 6–6 Implement controlled disbursements ... Shift money with electronic funds transfer 6–10 Use Internet-based cash flow analysis software 6 11 Utilize an investment policy Exhibit 6.2 that shows how lockboxes and area-concentration banking...
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  • 0
Risk and management Accounting Best Practices_5 docx

Risk and management Accounting Best Practices_5 docx

Cao đẳng - Đại học

... points will now be considered to yield accept- 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 ... accounting 9 11 Implement target costing 9–12 Track excess capacity 9–13 Limit access to unit of measure changes 9–14 Report on landed cost instead of supplier price 9–15 Review cost trends 9 16 Review ... department does not well in reporting on late deliveries, since this ch09_4773.qxd 216 12/29/06 9:20 AM Page 216 Costing Best Practices does not involve the database of financial information that...
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Risk and management Accounting Best Practices_6 pot

Risk and management Accounting Best Practices_6 pot

Cao đẳng - Đại học

... 401(k) plan enrollment 11 15 Grant employees immediate 401(k) eligibility Risk Management 11 16 Consolidate insurance policies 11 17 Obtain key man life insurance for the CFO 11 18 Obtain advance ... Investor Relations 11 6 Eliminate small investors 11 7 Open conference calls to the public 11 8 Issue investor relations podcasts 11 9 Outsource the company stock purchase plan 11 10 Sell shares ... Internet-based 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...
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Risk and management Accounting Best Practices_7 ppt

Risk and management Accounting Best Practices_7 ppt

Cao đẳng - Đại học

... considered the overriding issue Cost: Installation time: 11 16 Consolidate Insurance Policies Insurance policies are frequently added to a company’s insurance portfolio in a piecemeal manner Someone ... 12/29/06 9:22 AM Page 257 11 18 Obtain Advance Rating Assessments 257 11 17 Obtain Key Man Life Insurance for the CFO It is common for companies to take out key man life insurance policies on their chief ... Installation time: 11 19 Rent a Captive Insurance Company Companies are having increasing difficulty obtaining reasonably priced insurance of all types, if they can obtain insurance at all Captive insurance...
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