Turnaround and Product Pricing Strategies,
Profit Improvement Plans,
Cost Reduction Initiatives,
Performance Improvement Initiatives,
Project Cost Monitoring,
Risk Based Internal Audit Techniques,
Cash Embezzlement Incidents.
Tulasi S Sastri, is a Chartered Accountant (FCA) and a Certified Information Systems Auditor (CISA). In his professional career of over 38 years, he had the opportunity to work in varied types of industries, and in different roles, as an accountant, a programmer, a systems analyst, a Controller and as an Internal Auditor. His experience covered both Projects and Operating Phases of organizations. In this book, he has shared his experiences in the form of “stories”. Focus is on application of concepts to live situations and the consequential gains.
Young accounting professionals could obtain greater conceptual clarity through application of various principles depicted in some of the stories. Students of Business Management could be benefitted by going through the articles which are like management case studies. Prior accounting knowledge is not required for understanding and appreciating the concepts. In that sense this book could be of use to managers in general, who are interested in knowing how to translate business operations into money. Finally consultants who are associated with business application development could find useful ideas, by relating the events described in the book to their own work requirements.
Accountants are no longer mere bean counters. If they do not confine themselves to the boundary of their “books”, the author believes that they can make significant contribution to performance improvements in their organizations. About twenty five true incidents described as stories in this book, with one or more useful ideas in each story, highlight benefits of this approach.
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.
Written by Steven Bragg, the foremost authority in accounting and controllership issues, the new edition includes:A new, complimentary Web site providing readers with the foundation for creating or enhancing their accounting department policies and procedures manual More coverage of accounting procedures including inventory, billing, cash receipts, pricing, order entry, credit, collections, sales returns, capital budgeting, cash forecasting, payroll, and closing the books
Accounting Policies and Procedures Manual is the tool every accounting department needs to regularize and systematize its procedures to match the best in the industry.
Packed with clear and realistic strategies, it helps create a coherent framework of financial plans that apply to the full breadth of ongoing corporate control systems, as well as illustrates:When to use labor and materials standards to control manufacturing How to control research and development costs How to grant appropriate credit levels to customers How to set up an effective capital budgeting process How to create a cost-of-capital calculation
From flex budgeting to detailing the more sophisticated skills like throughput analysis for capital investments and the fast close for public companies, The Controller's Function, Fourth Edition offers numerous real-world examples, expertly balancing both the technical and managerial sides of the job.Provides an overview of the functions and responsibilities of the controller/management accountant in a corporation Explores how controllers can better perform their jobs Offers a solid foundation for those who are new to this area
Comprehensive and practical, this book fully defines the role, functions and responsibilities of the managerial accountant in a corporation.
It contains many principles for success in each area. It has been designed for overall reading and reflection, and also detail study in each area.
"A comprehensive, well-organized reference manual that is perfect for managers and auditors of public and private companies. Whether you wish to comply with the rigors of the Sarbanes-Oxley Act or take your company to the next level, Accounting Control Best Practices, Second Edition contains virtually everything you'll need to design, challenge, and improve your company's internal control environment."
—Matthew T. Posta, Esq., CPA
"Steven Bragg continues to improve the accounting field by providing thorough, step-by-step instruction in accounting best practices. During a recent software conversion, his book was my expert guide ensuring that the previous manual controls were replaced with the now automated process. It provides practical steps for both small and large organizations."
—Melody TroesserDirector of Accounting ServicesCole County Residential Services, Inc.
"This updated reference is a comprehensive source for those who design, implement, or evaluate controls. Guidance is focused on understanding and mitigating risks, while also acknowledging the importance of efficiency and the use of automated systems. A very worthwhile addition to our knowledge base in today's control-aware environment."
—Clint Davies, PrincipalBerry, Dunn, McNeil & Parker