While accounting executives, auditors, and consultants exhaust methods of enhancing accounting operations, new best practices are being invented annually. These best practices constitute need-to-know information concerning the most advanced techniques and strategies for increasing productivity, reducing costs, and monitoring existing systems. This volume covers a range of accounting areas including accounts payable, billings, collections, and cash processing to give a full outline of these best practices.
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STEVEN BRAGG, CPA, CMA, CIA, CDP, CSP, CPM, CPIM, is the Controller of Intertech Plastics. He has also been the Chief Operating Officer of Isolation Technologies and a consulting manager at Ernst & Young. He received a master′s degree in finance from Bentley College and an MBA from Babson College. He has also written Just–in–Time Accounting (Wiley), Advanced Accounting Systems, Outsourcing, and Managing Explosive Corporate Growth (Wiley), and has coauthored Controllership and The Controller′s Function (both from Wiley).
With price–cutting measures and tough competition tactics a fact of business life, companies around the world are often faced with a difficult question: How can a thriving corporation reduce its accounting department′s operating costs, while still providing the largest possible range of services to the entire company? Since many professional accountants are only trained to process transactions and issue financial statements, the responsibility of reducing costs often falls to an outside consultant–an expensive and often complicated decision. What many financial and accounting managers do not realize is that there is another option to this economic dilemma. Corporations can drastically cut expenses in all areas of their accounting department operations–from accounts payable to payroll–by simply understanding and implementing the techniques known as "best practices." Accounting Best Practices reveals the latest and most important information on these advanced techniques and strategies which have been proven to increase productivity, reduce costs, and efficiently monitor a company′s existing systems. Through using best practices, it is possible to slash your accounting costs and increase the speed of processing transactions, while shrinking the amount and frequency of errors. This revolutionary book will not only show you how to cut your business′s costs, but will demonstrate how to optimize your company′s effectiveness as well. Compiling a list of best practices accumulated through years of running accounting departments firsthand and incorporating his proven corporate consulting service experience, accounting expert Steven Bragg covers a wide range of areas, including accounts payable, billings, collections, and cash processing. These best practices, when used in conjunction with one another, can produce pathbreaking changes which radically improve whole functions, and introduce safe changes for gradual integration within the accounting department of any company with a minimum of difficulty. Through understanding this blend of best practices, accounting and financial managers alike will certainly find the right changes that can be implemented in their department structure–regardless of corporate intransigence. If you′ve been searching for the right ways to cut costs in your accounting department, or just want to offer more services without the added expense, look no further. Accounting Best Practices is here.
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