Improve your accounting department with proven techniques and methods that will streamline all of the processes associated with your system. While increasing the quality of your performance, you will be guided by samples of cost/benefit analyses so that you may justify the implementation of your revised systems. Whether you are changing your accounting department out of necessity or just looking to enhance it, this book will transform your current department into a quicker and more reliable unit. If you're looking for a way to increase accounting department efficiency and cut costs, start by reading this remarkable new hands-on guide and learn how to: Reduce transaction-related work and allow employees to focus on profit-increasing activities Eliminate redundancy and waste Apply the latest technologies to your accounting process Reduce costs to the corporation Eliminate errors and increase efficiency These topics and many more are thoroughly discussed so that you may speed up your accounting processes and cut costs at the same time.
Essential guidance on the new fair value rules for accounting managers, auditors, and fraud investigators Fair Value accounting is emerging as the next prime opportunity for financial statement fraud. Explaining the many complex applications of fair value accounting in the preparation of financial statements, Fair Value Accounting Fraud offers timely guidance on an up-and-coming issue as U.S. and international accounting rules pertaining to the use of fair value accounting continue to change. You'll find discussion of U.S. GAAP and IFRS rules on fair value accounting issues, highlighting the areas most vulnerable to fraud Explanations of 75 categories of fair value accounting fraud schemes Fraud risk checklist that you can put to immediate use Practical detection techniques useful for auditors, investigators and others who rely on financial statements Expert advice from Gerard Zack, CFE, CPA, author of Fraud and Abuse in Nonprofit Organizations: A Guide to Prevention and Detection Comparing US accounting standards to International Financial Reporting Standards-thereby making this book useful worldwide- Fair Value Accounting Fraud helps you understand the new rules and develop new auditing and investigative techniques to enable you to detect potential fraud.
Praise for Just-in-Time Accounting How to Decrease Costs and Increase Efficiency Third Edition «Most books on business accounting focus only on the accounting process?and never address the operational issues that impact it. Steve Bragg has delivered the rest of the story—the valuable insight and detailed information accountants need to help?them not only properly account for business activities, but to streamline and improve the overall process. Whether the practitioner is just starting up or is working with a well-established business, the information in this book offers real benefits to both.» —Joanie C. Mann, Executive Vice President, InsynQ e-Accounting; Business Development Consultant, The Sleeter Group «Mr. Bragg delivers another essential reference for every CFO's bookshelf. Just-in-Time Accounting is full of specific guidance you can use right now to save money, improve processes, and make you more effective.» —Luella Schmidt, President, Fine Point Consulting LLC «Just-in-Time Accounting is the 'go-to' accounting department transaction and streamlining reference. Process improvement begins here.» —Geoffrey Garland, Controller, Staco Systems "Just-in-Time Accounting is an incredible toolkit for streamlining and simplifying the accounting process. Practical but intelligent approaches to the whole accounting cycle make this book so effective and unique that it is a must-read for accounting clerk and CFO alike, regardless of the company and accounting department size or the industry you are in. —Shan Staka, MBA, Controller, PGP International «One of the critical goals for the CFO is to develop a Lean Finance Factory that is efficient, on time, reliable, and accurate. Steve Bragg's Just-in-Time Accounting does exactly that and more. It not only teaches how to set up a system that delivers, but also teaches how to optimize it and, as such, is a great resource for both new and established CFOs. In today's world of information and data overload, this book is invaluable in teaching how to focus on the urgent and important.» —Arif Iqball, Executive Director and Board Member, Avon Products Co. Ltd., Japan «The underlying theme of the book is working in a consistent and efficient manner. Topics discussed and suggestions presented often have a 'lean' feel to them. These methodologies and practices lead to higher efficiency, the elimination of waste, and an increase in quality. The examples on Value-Added Analysis are prime examples of 'lean' thinking. In a time when global competition requires faster response times and lower prices, having an accounting system in place to accurately and effectively support business operations is extremely important. Operational efficiencies lead to lower operating costs and higher operating margins, and Just-in-Time Accounting helps identify many potential candidates for increasing efficiency.» —Chip Nickolett, MBA, PMP, Director, Consulting Services—Americas, Ingres Corporation;former president, Comprehensive Solutions (U.S. and UK)
Praise for Management Accounting Best Practices «It doesn't matter where you start reading, even the most experienced accountant will find some useful ideas.» —Alan H. Boycott, Chartered Accountant, Düsseldorf, Germany «This is one of the best books about new accounting practices in practical accounting. I highly recommend this book for accountants of all levels.» —Andrei Ralko, Controller, International Center for Transitional Justice, New York, NY The only practices worth followingare the best practices… Destined to become an essential desktop tool in helping professionals make management decisions in accounting, Management Accounting Best Practices introduces over 100 best practices from accounting expert Steven Bragg for questions such as: How does the system of interlocking budgets work? What does a sample budget look like? What best practices can I apply to the budgeting process? How can I integrate the budget into the corporate control system? How do throughput concepts impact the budget? Now, when members of your management team come calling with questions, you'll have the answers at your fingertips, in Management Accounting Best Practices. It's the easy-to-use, daily reference manual for every accountant in a management position.
This book is an authoritative guide to the accounting and disclosure rules for financial institutions and instruments. It provides guidance from a “fair value” perspective and demonstrates the simplest and most natural measurement basis for reporting financial instruments, as is relevant for thrifts, mortgage banks, commercial banks, and property-casualty and life insurers.
Required reading for anyone starting, running, or growing a business, Business Ratios and Formulas, Second Edition puts answers at the fingertips of business managers, with nearly 250 operational criteria and clear, easy-to-understand explanations that can be used right away. The Second Edition includes approximately fifty new ratios and formulas, as well as new chapters covering ratios and formulas for e-commerce and human resources.
The only practices worth following are the best practices «Accounting Control Best Practices is succinctly described in one word-thorough. Organizations from manufacturing to hospitals can use this-easily understood by everyone from the data entry clerk in accounting to the CFO.» -Melody Troesser Accountant Cole County Residential Services, Inc. «There is no authority on accounting or accounting control best practices like Steven Bragg. This guy does the hard stuff-he sees the big picture perfectly yet can also get down in the trenches and dig into difficult and complex areas. His writing is clear and his explanations are simple and sensible.» -Jack W. Boyer, CPA, MCP Boyer & Associates «Accountants, analysts, and system designers will find this an excellent tool. Real examples define and demonstrate effective control points, while keeping practicality and efficiency in mind. A great addition to my library.» -Clint Davies Principal Berry, Dunn, McNeil & Parker «A cornucopia of control ideas organized by process and explained in simple terms to ensure quick implementation.» -Richard B. Lanza, CPA/CITP, CFE, PMP President Cash Recovery Partners, LLC Destined to become an essential desktop tool in helping professionals tailor a controls system to the needs of their company, Accounting Control Best Practices introduces all of the major accounting and operational processes with hundreds of controls presented in basic, intermediate, and advanced layers-from a basic paper-based system, to computerized systems, to the advanced best practice enhancements in computerized systems.
Strategies AND techniques for getting the most out of A COMPANY'S physical assets Accounting for Fixed Assets, Second Edition presents comprehensive guidelines for effectively managing property, plant, and equipment in order to get the maximum benefits out of investments in these long-term tangible assets. Enhanced with numerous examples and illustrations, this new edition features essential material on government accounting, not-for-profit accounting, and practical computer programs. Complete, up-to-date coverage of fixed-asset accounting includes: * Asset classification * Base unit * Asset value * Asset safeguards * Inventories of fixed assets * Extraordinary repairs * Written policies * Self-constructed assets
Praise for Fraud in Accounts Payable «Fraud in Accounts Payable is an insightful book that takes an in-depth look at the three most frequently committed fraudulent cash disbursement schemes directly related to your accounts payable function. Mary provides colorful and poignant stories showing how easy it can be to steal from both within and outside an organization. But the real beauty of this book is that Mary illustrates ways you can immediately begin implementing effective and efficient controls to reduce the opportunities for fraud within your organization.» —Matthew D. Storlie, CFE, Fraud & Forensic Services Virchow, Krause & Company, LLP «Mary has delivered another book full of specific suggestions for improving accounts payable processes. Fraud in Accounts Payable is an easy-to-read guide that identifies real-world problems and offers practical solutions. Her books and articles have quickly become some of my core resources.» —Stephanie K. O'Cain, Chief Financial Officer Municipal Association of South Carolina «Fraud could never take place in my accounts payable department.» «My employees would never steal from me! I trust them too much . . .» Sound familiar? The definitive resource for every accounts payable department, Fraud in Accounts Payable affords you a bird's-eye view of what's really going on in your accounts payable department and how you can defend it against every potential type of fraud, including check fraud, payroll fraud, and T&E fraud. Written by Mary Schaeffer, America's most accomplished accounts payable expert, this thorough and highly readable guide is filled with authoritative tips, techniques, and advice on: Uncovering hidden pockets of weakness where your organization is vulnerable Getting rid of those bad practices that allow all sorts of frauds to flourish Setting up antifraud safeguards Reminding us to «never say never,» Fraud in Accounts Payable explains in plain English how to protect your accounts payable department so it becomes—and stays—financially healthy.
This AICPA Accounting and Auditing Guide is a must-have for the resource libraries of accounting and auditing professionals who work with not-for-profit organizations. This essential reference book assists accountants in the unique aspects of accounting and financial statement preparation and auditing for not-for-profit entities. Created with common errors and questions in mind, accountants benefit from not-for-profit industry-specific guidance on the issues they are likely to encounter this year. The 2018 edition includes guidance on financial reporting changes, reporting donated services between affiliated NFPs, split-interest agreements, contributions and grants, functional expenses and joint costs, and much more. This new edition provides a comprehensive discussion of FASB ASU No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. The discussion includes highlights of the changes that will assist financial statement preparers with implementing the standard. The guide offers dual guidance throughout, providing readers with the “before-and-after” context to enhance their understanding of the changes, as well as two all-inclusive appendices.