12 10 eliminate multiple approvals
Accounting Best PracticesFifth Edition_1 ppt
Ngày tải lên :
20/06/2014, 18:20
... States of America 10 ch00_FM_4773.qxd 12/ 29/06 9:07 AM Page v To John DeRemigis, who convinced me that this was a good idea ch00_FM_4773.qxd 12/ 29/06 9:07 AM Page vi ch00_FM_4773.qxd 12/ 29/06 9:07 ... 1UD ENGLAND Phone: (44) 124 3 779777 Fax: (44) 124 3 770638 cs-books@wiley.co.uk Jacaranda Wiley Ltd PRT Division P.O Box 174 North Ryde, NSW 2113 AUSTRALIA Phone: (02) 805- 1100 Fax: (02) 805-1597 ... ch00_FM_4773.qxd 12/ 29/06 9:07 AM Page iii Accounting Best Practices Fifth Edition Steven M Bragg John Wiley & Sons, Inc ch00_FM_4773.qxd 12/ 29/06 9:07 AM Page vi ch00_FM_4773.qxd 12/ 29/06 9:07...
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Accounting Best PracticesFifth Edition_3 docx
Ngày tải lên :
20/06/2014, 18:20
... rapidly eliminate unauthorized spending For example, a department may incur a $100 penalty for one unauthorized expenditure, $1,000 for the next, and $10, 000 for the next ch03_4773.qxd 12/ 29/06 9 :10 ... problem when annual 109 9 forms are delivered Also, if a supplier has multiple records in the database, the same invoice may be entered against each supplier ch03_4773.qxd 12/ 29/06 74 9 :10 AM Page 74 ... improvements in the ch03_4773.qxd 12/ 29/06 9 :10 AM Page 79 Summary Exhibit 3.4 An Accounts Payable Function That Uses Best Practices 79 ch03_4773.qxd 80 12/ 29/06 9 :10 AM Page 80 Accounts Payable...
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Accounting Best PracticesFifth Edition_4 docx
Ngày tải lên :
20/06/2014, 18:20
... practice to install and use Cost: Installation time: ch04_4773.qxd 12/ 29/06 9 :12 AM Page 95 4 12 Computerize the Shipping Log 95 4 12 Computerize the Shipping Log For a company with no computer linkage ... include a hefty profit percentage Part of the billing process requires the ch04_4773.qxd 12/ 29/06 9 :12 AM Page 100 100 Billing Best Practices accounting staff to separately calculate this shipping charge ... arise, only the most advanced best practice is ch04_4773.qxd 12/ 29/06 9 :12 AM Page 101 Total Impact of Best Practices on the Billing Function 101 Exhibit 4.3 Impact of Best Practices on the Billing...
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Accounting Best PracticesFifth Edition_5 docx
Ngày tải lên :
20/06/2014, 18:20
... 12/ 29/06 8:59 AM Page 127 Total Impact of Best Practices on the Budgeting Function Exhibit 5.4 Impact of Best Practices on the Budgeting Function 127 ch05_4773.qxd 12/ 29/06 128 8:59 AM Page 128 ... meetings, so there is an added degree of waste ch05_4773.qxd 12/ 29/06 126 8:59 AM Page 126 Budgeting Best Practices Technology can be used to eliminate these costs The latest innovation is to use video ... advance, which eliminates the need 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...
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Accounting Best PracticesFifth Edition_7 pptx
Ngày tải lên :
20/06/2014, 18:20
... ch09_4773.qxd 12/ 29/06 9:20 AM Page 212 212 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 ... 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 Trowel 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 ... 9–6 Eliminate labor variance reporting 9–7 Follow a schedule of inventory obsolescence reviews 9–8 Eliminate the tracking of work-inprocess inventory 9–9 Implement activity-based costing 9–10...
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Accounting Best PracticesFifth Edition_9 doc
Ngày tải lên :
20/06/2014, 18:20
... work 12 10 Eliminate multiple approvals 12 11 Eliminate small accruals 12 12 Reduce investigation levels Work Management 12 13 Assign closing responsibilities 12 14 Compress billing activities 12 15 ... the first week of the month and see if there are ways to eliminate them ch12_4773.qxd 12/ 29/06 9:24 AM Page 275 12 10 Eliminate Multiple Approvals 275 or shift them into a later week For example, ... training 12 16 Continually review wait times 12 17 Convert serial activities to parallel ones 12 18 Create a closing schedule 12 19 Document the process 12 20 Restrict the use of journal entries 12 21...
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Accounting Best PracticesFifth Edition_11 potx
Ngày tải lên :
20/06/2014, 18:20
... accounting processes ch13_4773.qxd 12/ 29/06 9:26 AM Page 331 Summary Exhibit 13.9 Impact of Best Practices on General Accounting Functions 331 ch13_4773.qxd 332 12/ 29/06 9:26 AM Page 332 General ... ledger 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 ... accounts in which to store information—such as 100 or 200 accounts—many organizations have a convoluted and lengthy chart of accounts ch14_4773.qxd 12/ 29/06 9:28 AM Page 337 14–3 Reduce the Chart...
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Accounting Best PracticesFifth Edition_13 pot
Ngày tải lên :
20/06/2014, 18:20
... 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 Every time ... 12/ 29/06 400 9:33 AM Page 400 Inventory Best Practices A crucial best practice is to eliminate these backlogs, usually by allocating extra staff time to them Once the piles of paperwork are eliminated, ... in the item master file as inactive, adjust any outstanding purchase ch16_4773.qxd 12/ 29/06 9:33 AM Page 410 410 Inventory Best Practices orders using the old part numbers, modify bills of material...
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Podcast Accounting Best Practices_2 pot
Ngày tải lên :
21/06/2014, 04:20
... practice to install and use Cost: Installation time: ch04_4773.qxd 12/ 29/06 9 :12 AM Page 95 4 12 Computerize the Shipping Log 95 4 12 Computerize the Shipping Log For a company with no computer linkage ... include a hefty profit percentage Part of the billing process requires the ch04_4773.qxd 12/ 29/06 9 :12 AM Page 100 100 Billing Best Practices accounting staff to separately calculate this shipping charge ... arise, only the most advanced best practice is ch04_4773.qxd 12/ 29/06 9 :12 AM Page 101 Total Impact of Best Practices on the Billing Function 101 Exhibit 4.3 Impact of Best Practices on the Billing...
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Podcast Accounting Best Practices_3 docx
Ngày tải lên :
21/06/2014, 04:20
... 12/ 29/06 8:59 AM Page 127 Total Impact of Best Practices on the Budgeting Function Exhibit 5.4 Impact of Best Practices on the Budgeting Function 127 ch05_4773.qxd 12/ 29/06 128 8:59 AM Page 128 ... meetings, so there is an added degree of waste ch05_4773.qxd 12/ 29/06 126 8:59 AM Page 126 Budgeting Best Practices Technology can be used to eliminate these costs The latest innovation is to use video ... advance, which eliminates the need 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...
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Podcast Accounting Best Practices_4 potx
Ngày tải lên :
21/06/2014, 04:20
... potentially increasing the potential payout to the claims purchaser ch07_4773.qxd 12/ 29/06 9:16 AM Page 155 7 10 Simplify Pricing Structure 155 A reputable claims purchaser will not acquire a ... control point costs more than the savings for small write-offs The obvious solution is to eliminate approvals for small amounts that are overdue One should determine the appropriate amount for ... let an internal audit team review the situation from time to time ch07_4773.qxd 12/ 29/06 9:16 AM Page 157 7 12 Create an Accurate Bad Debt Forecast 157 By avoiding the approval process for writing...
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Podcast Accounting Best Practices_6 pdf
Ngày tải lên :
21/06/2014, 04:20
... reliability 10 11 Track documents with RFID Other Filing Issues 10 12 Adopt a document-destruction policy 10 13 Eliminate attaching back-up materials to checks for signing 10 14 Eliminate reports 10 15 ... document imaging 10 7 Eliminate stored paper documents if already in computer 10 8 Extend time period before computer records are purged 10 9 Extend use of existing computer database 10 10 Improve ... able to eliminate the majority of the work ch10_4773.qxd 242 12/ 29/06 9:21 AM Page 242 Filing Best Practices Exhibit 10. 4 Impact of Best Practices on the Filing Function ch10_4773.qxd 12/ 29/06...
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Podcast Accounting Best Practices_8 ppt
Ngày tải lên :
21/06/2014, 04:20
... different supplier may be the answer Cost: Installation time: ch13_4773.qxd 12/ 29/06 9:26 AM Page 310 310 General Best Practices 13 10 Switch to On-Line Reporting In organizations that occupy a large ... controller’s primary reporting responsibility 12/ 29/06 9:26 AM Page 312 Exhibit 13.5 Sample Measurements Report ch13_4773.qxd 312 ch13_4773.qxd 12/ 29/06 9:26 AM Page 313 13–13 Create a Contract ... departments Because an allocation base usually includes the latest financial infor- ch12_4773.qxd 12/ 29/06 9:24 AM Page 291 12 26 Conduct Daily Review of the Financial Statements 291 mation before a final...
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Podcast Accounting Best Practices_10 pptx
Ngày tải lên :
21/06/2014, 04:20
... shipping notices for inbound deliveries 16 10 Eliminate the receiving function 16–11 Use standard containers to move, store, and count inventory 16 12 Use different storage systems based on cubic ... staff A particularly effective approach is to e-mail best practice ch15_4773.qxd 12/ 29/06 9:30 AM Page 361 15 12 Outsource the Internal Audit Function 361 information directly to those business ... commencement ch15_4773.qxd 368 12/ 29/06 9:30 AM Page 368 Internal Auditing Best Practices Exhibit 15.2 Impact of Best Practices on the Internal Auditing Function ch15_4773.qxd 12/ 29/06 Summary 9:30 AM...
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Podcast Accounting Best Practices_11 potx
Ngày tải lên :
21/06/2014, 04:20
... 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 Every time ... 12/ 29/06 400 9:33 AM Page 400 Inventory Best Practices A crucial best practice is to eliminate these backlogs, usually by allocating extra staff time to them Once the piles of paperwork are eliminated, ... in the item master file as inactive, adjust any outstanding purchase ch16_4773.qxd 12/ 29/06 9:33 AM Page 410 410 Inventory Best Practices orders using the old part numbers, modify bills of material...
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Podcast Accounting Best Practices_13 docx
Ngày tải lên :
21/06/2014, 04:20
... Elimination 12 8 12 9 12 10 Avoid the bank reconciliation Defer routine work Eliminate multiple approvals 12 11 Eliminate small accruals 12 12 Reduce investigation levels Work Management 12 13 Assign ... Assumption definition, 105 106 By employee groups, 109 Best practices, 103 128 , 456–457 Data storage, 124 Flex, 114–115 Impact of best practices on, 126 128 Implementation issues, 103 105 Line item preloading, ... purged 10 9 Extend use of existing computer database 10 10 Improve computer system reliability 10 11 Track documents with RFID Other Filing Issues 10 12 Adopt a document-destruction policy 10 13 Eliminate...
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Risk and management Accounting Best Practices_3 doc
Ngày tải lên :
21/06/2014, 18:20
... 12/ 29/06 8:59 AM Page 127 Total Impact of Best Practices on the Budgeting Function Exhibit 5.4 Impact of Best Practices on the Budgeting Function 127 ch05_4773.qxd 12/ 29/06 128 8:59 AM Page 128 ... meetings, so there is an added degree of waste ch05_4773.qxd 12/ 29/06 126 8:59 AM Page 126 Budgeting Best Practices Technology can be used to eliminate these costs The latest innovation is to use video ... advance, which eliminates the need 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...
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Risk and management Accounting Best Practices_5 docx
Ngày tải lên :
21/06/2014, 18:20
... ch09_4773.qxd 12/ 29/06 9:20 AM Page 212 212 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 ... 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 Trowel 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 ... 9–6 Eliminate labor variance reporting 9–7 Follow a schedule of inventory obsolescence reviews 9–8 Eliminate the tracking of work-inprocess inventory 9–9 Implement activity-based costing 9–10...
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Risk and management Accounting Best Practices_6 pot
Ngày tải lên :
21/06/2014, 18:20
... reliability 10 11 Track documents with RFID Other Filing Issues 10 12 Adopt a document-destruction policy 10 13 Eliminate attaching back-up materials to checks for signing 10 14 Eliminate reports 10 15 ... document imaging 10 7 Eliminate stored paper documents if already in computer 10 8 Extend time period before computer records are purged 10 9 Extend use of existing computer database 10 10 Improve ... able to eliminate the majority of the work ch10_4773.qxd 242 12/ 29/06 9:21 AM Page 242 Filing Best Practices Exhibit 10. 4 Impact of Best Practices on the Filing Function ch10_4773.qxd 12/ 29/06...
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Risk and management Accounting Best Practices_7 ppt
Ngày tải lên :
21/06/2014, 18:20
... work 12 10 Eliminate multiple approvals 12 11 Eliminate small accruals 12 12 Reduce investigation levels Work Management 12 13 Assign closing responsibilities 12 14 Compress billing activities 12 15 ... the first week of the month and see if there are ways to eliminate them ch12_4773.qxd 12/ 29/06 9:24 AM Page 275 12 10 Eliminate Multiple Approvals 275 or shift them into a later week For example, ... training 12 16 Continually review wait times 12 17 Convert serial activities to parallel ones 12 18 Create a closing schedule 12 19 Document the process 12 20 Restrict the use of journal entries 12 21...
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