Download PDF Accounting Best Practices, by Steven M. Bragg
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Accounting Best Practices, by Steven M. Bragg
Download PDF Accounting Best Practices, by Steven M. Bragg
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New best practices for the evolving business
Everyone knows that adopting accounting best practices can improve efficiency and reduce error rates in the accounting department, but less obvious are the benefits gained from better reporting of information to other parts of the company. More accurate data reported faster can play an integral role in both short- and long-term strategic planning. Accounting guru Steven Bragg explains how to leverage this and other opportunities in his authoritative Accounting Best Practices, Third Edition.
Bragg adds over sixty new best practices to his benchmark resource, concentrating primarily on the areas of:
- Internal auditing
- Accounts payable
- Finance
- Payroll
Bragg highlights the dos and don'ts of best practices implementation, and a new reference system renders the expansive collection of best practices readily accessible. Accounting and financial managers, internal and external auditors, and consultants will find Accounting Best Practices, Third Edition to be a peerless resource.
- Sales Rank: #3267653 in Books
- Published on: 2003-10-10
- Original language: English
- Number of items: 1
- Dimensions: 9.39" h x 1.34" w x 6.36" l,
- Binding: Hardcover
- 408 pages
Review
"Bragg, a knowledgeable accounting practitioner and prolific author of accounting practice books, has updated this one-stop source of information…this volume is a comprehensive resource for the accounting profession." (Choice; 11/2007)
From the Inside Flap
The accounting department that strives to adopt best practices enjoys a host of benefits, not the least of which include improved customer service, cycle times, product quality, and profitability, as well as reduced error rates. Building upon his benchmark resource, renowned accounting authority Steven Bragg adds sixty new best practices for improving both efficiency and accuracy in the third edition of Accounting Best Practices.
This seminal reference comprises close to 300 best practices in all, making it the most comprehensive collection available. As with its predecessors, Accounting Best Practices, Third Edition covers a wide variety of accounting functions, including:
- Accounts payable
- Billing
- Budgeting
- Cash management
- Finance
- Financial statements
- Inventory
- Payroll
The author also includes an all-new chapter, "Internal Auditing Best Practices," reflecting how this function has increasingly become the province of the Chief Financial Officer; nineteen best practices are explained. Bragg further contributes a number of new risk and investor management best practices to the finance chapter and expands the accounts payable chapter to forty total best practices, the most of any chapter in the book.
As the scope of Accounting Best Practices continues to expand, the need for a quick and simple index system becomes increasingly apparent. Answering this need, the author has created a table at the beginning of each chapter, itemizing and enumerating the best practices contained within. The tables also graphically describe the cost and duration of implementation required for each item, and, for easy reference, all tables are collected in an appendix.
Bragg also shows how to use contract management software to avoid revenue recognition violations and notes best practice implementation pitfalls, so managers can troubleshoot in advance. Accounting Best Practices, Third Edition not only shows how to improve efficiency and reduce error rates, but also how to deliver better information to other parts of the company. It remains the perfect do-it-yourself book for the accounting manager who wants to improve his or her department.
From the Back Cover
New best practices for the evolving business
Everyone knows that adopting accounting best practices can improve efficiency and reduce error rates in the accounting department, but less obvious are the benefits gained from better reporting of information to other parts of the company. More accurate data reported faster can play an integral role in both short- and long-term strategic planning. Accounting guru Steven Bragg explains how to leverage this and other opportunities in his authoritative Accounting Best Practices, Third Edition.
Bragg adds over sixty new best practices to his benchmark resource, concentrating primarily on the areas of:
- Internal auditing
- Accounts payable
- Finance
- Payroll
Bragg highlights the dos and don’ts of best practices implementation, and a new reference system renders the expansive collection of best practices readily accessible. Accounting and financial managers, internal and external auditors, and consultants will find Accounting Best Practices, Third Edition to be a peerless resource.
Most helpful customer reviews
0 of 0 people found the following review helpful.
but I did not find it as useful as I had hoped
By ANDREA
I bought this hoping to teach myself accounting. I have not read the entire book, to be fair, but I did not find it as useful as I had hoped.
14 of 16 people found the following review helpful.
For every business executive
By Gary Wright II
This book has so many great accounting best practices it should serve as a goal for every company. It is an invaluable reference guide to anyone who is just starting a business, or needing to improve the efficiency of their accounting functions.
I most liked the fact that the book is so easy to read. You won't have to be a CPA to understand this book.
My only suggestion is that the book should have a companion CD or web site with all of the best practices already in an electronic format.
40 of 41 people found the following review helpful.
A Valuable Resource
By A Customer
I found Accounting Best Practices a valuable resource for objectively evaluating my accounting department's business practices and procedures. Mr. Bragg has identified the specific tasks of each of the accounting departments's functions and has made suggestions for efficiencies. The author states the key factors in the successful implementation of the best practices in accounting.
Each chapter presents an exhibit of "Implementation Issues Best Practices" describing the implementation costs, ease and duration of each suggested practice change. This information allowed me to implement the easiest and least costly changes to my accounting department's procedures, thus gaining credibility with upper managment to support the changes involving addional resources.
As a Controller, Best Practices assisted me to focus on the value-added tasks of my department and identifying where my staff's efforts are best utilized to support the corporate objectives. My department has become more efficient, allowing for individual growth opportunities. I highly recommend this book for anyone managing an accounting department. A very concise book that is easy to read and use.
Divisional Controller, CMA
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