Bragg S.M. Accounting Best Practices

Wiley, 2010. — 512 p. — 6th ed. — ISBN: 0470561653, 9780470561652This book is compiled from the author’s lengthy experience in setting up and operating a number of accounting departments, as well as by providing consulting services to other companies. Accordingly, it contains a blend of best practices from a wide variety of accounting environments, ranging from small partnerships to multibillion-dollar corporations. This means that not all of the best practices described within these pages will be useful in every situation — some are designed to provide quick and inexpensive, incremental improvements, while others are groundbreaking events requiring six-figure investments (or more) and months of installation time. Consequently, each chapter includes a table that notes the ease, duration, and cost of implementation for every best practice within it. These tables separate best practices into a number of subcategories, and also contain a reference number that is useful for locating the main text for each best practice within the chapter. Also, a selection of best practices have an Author’s Choice graphic posted next to them. These best practices are ones the author has found to be particularly effective in improving accounting operations. All best practices are also noted in summary form in Appendix A.How to Use Best Practices
Accounts Payable Best Practices
Billing Best Practices
Budgeting Best Practices
Cash Management Best Practices
Collections Best Practices
Credit Best Practices
Commissions Best Practices
Costing Best Practices
Filing Best Practices
Finance Best Practices
Financial Statements Best Practices
General Best Practices
General Ledger Best Practices
Internal Auditing Best Practices
Inventory Best Practices
Payroll Best PracticesAppendix A Summary of Best Practices