Accounting Best Practices (eBook)

STEVEN M. BRAGG, CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and an auditor at Deloitte & Touche. He received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine. He has been the two-time president of the Colorado Mountain Club, is an avid alpine skier and mountain biker, and is a certified master diver. Mr. Bragg resides in Centennial, Colorado. He is also the author of Accounting Control Best Practices and Accounting Policies and Procedures Manual (both published by Wiley).

Preface

Author's Note

Acknowledgments

Chapter 1 Introduction

Chapter 2 How to Use Best Practices

Types of Best Practices

The Most Fertile Ground for Best Practices

Planning for Best Practices

Timing of Best Practices

Implementing Best Practices

Best Practice Duplication

Why Best Practices Fail

The Impact of Best Practices on Employees

Summary

Chapter 3 Accounts Payable Best Practices

Implementation Issues for Accounts Payable Best Practices

Summary

Chapter 4 Billing Best Practices

Implementation Issues for Billing Best Practices

Summary

Chapter 5 Budgeting Best Practices

Implementation Issues for Budgeting Best Practices

Summary

Chapter 6 Cash Management Best Practices

Implementation Issues for Cash Management Best Practices

Summary

Chapter 7 Collections Best Practices

Implementation Issues for Collections Best Practices

Summary

Chapter 8 Credit Best Practices

Implementation Issues for Credit Best Practices

Summary

Chapter 9 Commissions Best Practices

Implementation Issues for Commissions Best Practices

Summary

Chapter 10 Costing Best Practices

Implementation Issues for Costing Best Practices

Summary

Chapter 11 Filing Best Practices

Implementation Issues for Filing Best Practices

Summary

Chapter 12 Finance Best Practices

Implementation Issues for Finance Best Practices

Summary



Chapter 13 Financial Statements Best Practices

Implementation Issues for Financial Statements Best Practices

Summary

Chapter 14 General Best Practices

Implementation Issues for General Best Practices

Summary

Chapter 15 General Ledger Best Practices

Implementation Issues for General Ledger Best Practices

Summary

Chapter 16 Internal Auditing Best Practices

Implementation Issues for Internal Auditing Best Practices

Summary

Chapter 17 Inventory Best Practices¯1

Implementation Issues for Inventory Best Practices

Summary

Chapter 18 Payroll Best Practices

Implementation Issues for Payroll Best Practices

Summary

Appendix A Summary of Best Practices

About the Author

Index