Accounting Best Practices 3rd edition by Steven M Bragg pdf free download

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Accounting Best Practices 3rd edition by Steven M Bragg pdf free download

Accounting Best Practices 3rd edition by Steven M Bragg pdf free download. The accounting department is a cost center. It does not directly generate revenues, but rather provides a fixed set of services to the rest of a company, and is asked to do so at the lowest possible cost. Consequently, the accounting staff is called upon to process transactions, write reports, create new processes or investigate old ones—while doing so as an ever-shrinking proportion of total expenses.

Accounting Best Practices 3rd edition by Steven M Bragg pdf free download

This cost-based environment is a very difficult one for most accountants, for their training is primarily in accounting rules and regulations, rather than in how to run a very specialized department in a cost-effective manner. They find a few ideas for improvements from attending seminars or perusing accounting or management magazines, but there is no centralized source of information for them to
consult, which itemizes a wide array of possible improvements. Hence the need for the third edition of Accounting Best Practices. This 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 very small partnerships to multibillion-dollar corporations.

Accounting Best Practices 3rd edition by Steven M Bragg pdf free download

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 to an operation that can be installed in a day, while others are groundbreaking events that require six-figure investments (or more) and months of installation time. Some will only work for companies of a certain size, and should be discarded as more expensive and comprehensive accounting systems are installed—it all depends on the situation. Consequently, each chapter includes a table that notes the ease, duration, and cost of implementation for every best practice within it.

Accounting Best Practices 3rd edition by Steven M Bragg pdf free download

The best practices are also noted in summary form in Appendix A. This third edition of Best Practices contains 60 new best practices. These are concentrated in the areas of internal auditing, accounts payable, finance, and payroll. Some of the best practices involve solutions that have been posted on various Internet sites, but there are fewer of these best practices than appeared in the second edition. Indeed, a great many Internet sites listed in the second edition have closed down, requiring the author to remove three best practices that had been listed in that book.

Accounting Best Practices 3rd edition by Steven M Bragg pdf free download

The area of application service providers has been especially hard hit, with about two-thirds of the providers listed in the second edition having shut their doors in the past two years. Chapter 15 is new, containing 19 best practices for the internal auditing function. Though this area sometimes falls outside of the accounting function by reporting directly to the auditing committee of the board of directors, it more commonly reports to the chief financial officer, and therefore a discussion of improvements to it appears relevant for this book.

Accounting Best Practices 3rd edition by Steven M Bragg pdf free download

Accounting Best Practices 3rd edition by Steven M Bragg pdf free download


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