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Accounting Best Practices [electronic resource]
Bragg, Steven M. Author
edition
3rd ed.
imprint
Wiley [Imprint] Oct. 2003 Hoboken : John Wiley & Sons, Incorporated
description
408 p. ill 23.800 x 015.800 cm.
ISBN
0471444286 (Trade Cloth), 9780471444282
format(s)
Book
Holdings
Subjects
More Details
imprint
Wiley [Imprint] Oct. 2003 Hoboken : John Wiley & Sons, Incorporated
isbn
0471444286 (Trade Cloth)
9780471444282
standard identifier
9780471444282
restrictions
Licensed for access by U. of T. users.
abstract
Annotation 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.

catalogue key
8590681
target audience
Trade John Wiley & Sons, Incorporated
A Look Inside
About the Author
Author Affiliation
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
Excerpts
Flap Copy
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.
Full Text Reviews
Appeared in Choice on 2001-12-01:
Bragg, an accounting practitioner, updates his 1999 edition (CH, Mar'00) with 50 new accounting best practices, additional real-world examples, revised appendixes, and a chapter on finance. Through a series of concise explanations of 250 best practices, he explores in 16 chapters the adaptation of contemporary technology and managerial practices to traditional accounting and finance procedures such as billing, budgeting, cash management, collections, financial statements, general ledger, inventory management, and payroll. Excellent use is made of illustrative materials. Although many practices are standard procedure in today's organizations, the book serves as an excellent review of contemporary business practices for the professional accounting, finance, or managerial practitioner. The book is not, however, a how-to manual, and a thorough knowledge of accounting systems, business practices, and managerial leadership is a prerequisite to its fruitful use. A suggested reading list and a list of the best practices from each chapter conclude the presentation. Recommended for upper-division undergraduate and graduate collections and professional libraries. S. R. Kahn University of Cincinnati
Summaries
Back Cover Copy
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.
Bowker Data Service Summary
While accounting executives, auditors and consultants exhaust methods of enhancing accounting operations, new best practices are being invented annually. This book includes coverage of accounts payable, billing, collections and cash processing.
Unpaid Annotation
New best practices for the evolving businessEveryone 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* PayrollBragg 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.
Table of Contents
Prefacep. viii
Introductionp. 1
How to Use Best Practicesp. 4
Accounts Payable Best Practicesp. 17
Billing Best Practicesp. 66
Budgeting Best Practicesp. 87
Cash Management Best Practicesp. 110
Collections Best Practicesp. 128
Commissions Best Practicesp. 154
Costing Best Practicesp. 167
Filing Best Practicesp. 184
Finance Best Practicesp. 206
Financial Statements Best Practicesp. 225
General Best Practicesp. 253
General Ledger Best Practicesp. 290
Internal Auditing Best Practicesp. 308
Inventory Best Practicesp. 325
Payroll Best Practicesp. 346
Summary of Best Practicesp. 376
Indexp. 389
Table of Contents provided by Ingram. All Rights Reserved.

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