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Informationen zum Autor STEVEN M. BRAGG, CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and an auditor at Deloitte & Touche. He received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine. He has been the two-time president of the Colorado Mountain Club, is an avid alpine skier and mountain biker, and is a certified master diver. Mr. Bragg resides in Centennial, Colorado. He is also the author of Accounting Control Best Practices and Accounting Policies and Procedures Manual (both published by Wiley). Klappentext Praise for previous editions of Accounting Best Practices"For a comprehensive, yet easy-to-read guide to fixing those all-too-common shortcomings in your accounting department, look no further than this excellent book. Steve Bragg provides hundreds of fixes, many of them requiring surprisingly little time or cost while providing a handy guide to common implementation pitfalls. . . . I would recommend this invaluable book to anyone who is looking to enhance their existing processes, whether due to growth in their business, compliance with Sarbanes-Oxley, or just as part of their ongoing improvement process."--Martyn Webster, CPA, Director of Finance, XenoPort, Inc."This book is critical to running an efficient and accurate accounting department. The use of RFID technology to track documents is one of many valuable tools in this latest edition. A required read for the demanding accounting manager's role."--Jason Charet, CPA"I've used Steve Bragg's Accounting Best Practices books for years as a source of ideas for improvement. Like previous editions, this edition has a number of new, actionable best practices as well as refinements of those ideas reported in previous editions. The books are broad enough in their perspective so that nearly any organization could find ideas that could pay back the cost of the book many times over."--John Temmerman, Controller, Evangelical Lutheran Church in America"What a great resource! I have been in the accounting field for over twenty years, and I was still able to gain insight into improving processes within my office. Thanks for putting it all in one book!"--Tina M. Thomas, CPA, CTP, Controller, Goodman & Company, LLP Zusammenfassung Now in a Seventh Edition, Accounting Best Practices includes 50 new best practices in chapters on Accounts Payable, Billing, Credit, Collections, Finance, General Ledger, and General Best Practices. Each chapter includes a corresponding podcast on its associated website, with a new podcast offered regularly. Inhaltsverzeichnis Preface xix Chapter 1 Overview of Best Practices 1 Chapter 2 How to Use Best Practices 5 Types of Best Practices 5 The Most Fertile Ground for Best Practices 6 Planning for Best Practices 7 Timing of Best Practices 9 Implementing Best Practices 10 Best Practice Duplication 12 Why Best Practices Fail 13 The Impact of Best Practices on Employees 17 Summary 18 Chapter 3 Accounts Payable Best Practices 19 Implementation Issues for Accounts Payable Best Practices 20 3-1 Pay Based on Receiving Approval Only 20 3-2 Reduce Required Approvals 25 3-3 Use Negative Assurance for Invoice Approvals 26 3-4 Designate Approval Stamp Positioning 26 3-5 Base Approvals on Supplier Invoicing History 27 3-6 Use Procurement Cards 27 3-7 Use a Ghost Card 32 3-8 Negotiate Procurement Card Rebates 32 3-9 Route All Invoices Directly to Accounts Payable 33 3-10 Split Payables Processing Based on Discounts 33 3-11 Adopt a Standard Invoice Numbering Convention 34 3-12 Automate Three-Way Matching 35 3-13 Digitize Acco...
