By Steven M. Bragg
The one practices worthy following are the easiest practices "Accounting keep an eye on most sensible Practices is succinctly defined in a single word-thorough. companies from production to hospitals can use this-easily understood through everybody from the knowledge access clerk in accounting to the CFO." -Melody Troesser Accountant Cole County Residential companies, Inc. "There isn't any authority on accounting or accounting regulate top practices like Steven Bragg. This man does the demanding stuff-he sees the large photograph completely but may also get down within the trenches and dig into tough and intricate components. His writing is obvious and his factors are basic and sensible." -Jack W. Boyer, CPA, MCP Boyer & affiliates "Accountants, analysts, and process designers will locate this a good device. genuine examples outline and show powerful keep an eye on issues, whereas preserving practicality and potency in brain. an exceptional addition to my library." -Clint Davies crucial Berry, Dunn, McNeil & Parker "A cornucopia of keep an eye on principles geared up via procedure and defined in basic terms to make sure fast implementation." -Richard B. Lanza, CPA/CITP, CFE, PMP President money restoration companions, LLC Destined to develop into an important machine software in aiding pros tailor a controls approach to the desires in their corporation, Accounting keep watch over most sensible Practices introduces all the significant accounting and operational approaches with hundreds of thousands of controls provided in easy, intermediate, and complex layers-from a uncomplicated paper-based procedure, to automatic platforms, to the complicated most sensible perform improvements in automated structures.
Read or Download Accounting Control Best Practices (Wiley Best Practices) PDF
Similar managerial books
Construction Accounting & Financial Management, 2nd Edition
This ebook takes common enterprise accounting and monetary ideas in addition to engineering economics and adapts them to the original features of the development undefined. It presents the entire key monetary administration ideas wanted by way of development managers below one conceal, addressing how they're utilized within the development and the way they have interaction.
Accounting and Financial System Reform in a Transition Economy: A Case Study of Russia
A lot has been written in regards to the financial and political difficulties of nations which are within the technique of altering from centrally deliberate structures to marketplace structures. such a lot experiences have serious about the commercial, criminal, political and sociological difficulties those economies have needed to face through the transition interval.
Financial Services Anti-Fraud Risk and Control Workbook
Myth-busting counsel for fraud preventionin a realistic workbook formatAn first-class primer for constructing and imposing an anti-fraud application that works, monetary providers Anti-Fraud probability and keep an eye on Workbook engages readers in an soaking up self-paced studying event to strengthen familiarity with the sensible elements of fraud detection and prevention at banks, funding enterprises, credits unions, insurance firms, and different monetary prone prone.
The Encyclopedia of Finance, moment version, made from over a thousand person definitions and chapters, is the main complete and updated source within the box, integrating the most up-tp-date terminology, examine, thought, and sensible functions. Showcasing contributions from a world array of specialists, the revised version of this significant reference paintings is remarkable within the breadth and intensity of its assurance.
- Company Performance and Measures of Value Added
- Accounting and Financial System Reform in Eastern Europe and Asia
- Managerial Accounting 2010 Edition
- Mind Over Matter: Why Intellectual Capital is the Chief Source of Wealth
- Liabilities, Liquidity, and Cash Management: Balancing Financial Risks
Extra resources for Accounting Control Best Practices (Wiley Best Practices)
Sample text
10 encompasses several of the most important control points used in a procurement card program, including controls for reconciliation, missing receipts, rejected line items, and supervisory approval of the completed reconciliation. 11 is a custom-designed statement. The company has received from the procurement card supplier an electronic feed of all purchases and has integrated it into the account statement. This format is useful for presenting to card users a combination of spending limits, detail on purchases made, and a reconciliation checklist.
2 Complete the Line Item Rejection Form (Employee) 1. 14). 2. In Section A of the form, fill in your contact information under the “Your Contact Information” heading. Also specify your card number under the “Dispute Information” heading, as well as the number, date, dollar amount, and supplier name for the line item you are disputing. Please note that a separate form must be used for each line item. 3. In Section B of the form, check off the box next to the dispute description most closing matching the problem you have encountered.
If the agreement also states the sanctions to be imposed on the card user if the card is misused, this may act as a deterrent to anyone who might otherwise be tempted to misuse a card. • Obtain Level III reporting by the card provider. It is easier to control purchases if there is a greater level of detail regarding what card users are buying. Thus, it is useful to obtain from the card provider an electronic download of all Level III data relating to purchases, which includes the quantity, product code, product description, and freight/duty cost associated with each purchase.