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Accounting Best Practices Hardcover – April 30, 2001

ISBN-13: 978-0471409144 ISBN-10: 0471409146 Edition: 2nd

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Product Details

  • Hardcover: 352 pages
  • Publisher: Wiley; 2 edition (April 30, 2001)
  • Language: English
  • ISBN-10: 0471409146
  • ISBN-13: 978-0471409144
  • Product Dimensions: 6.3 x 1.2 x 9.4 inches
  • Shipping Weight: 1.6 pounds
  • Average Customer Review: 4.8 out of 5 stars  See all reviews (13 customer reviews)
  • Amazon Best Sellers Rank: #2,467,341 in Books (See Top 100 in Books)

Editorial Reviews

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) --This text refers to an out of print or unavailable edition of this title.

From the Inside Flap

NEWLY REVISED AND UPDATED!

With price-cutting measures and tough competition tactics a fact of business life, companies are often faced with a difficult dilemma-how to cut accounting department operating costs without cutting back on services to the company. Many financial and accounting managers do not realize that corporations can drastically cut expenses in all areas of their accounting department-without hiring an expensive outside consultant-by implementing the techniques known as "best practices."

Accounting Best Practices, Second Edition offers the latest and most important information on these advanced techniques and strategies to help you increase productivity, reduce costs, and efficiently monitor a company's existing systems. This new Second Edition has been fully updated to include fifty new best practices, expanded appendices, new real-world examples of best practices at work, and a new chapter on best practices in finance.

As he did in the first edition, 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 radically improve whole functions and introduce safe changes for gradual integration within the accounting department of any company with a minimum of difficulty.

Through using best practices, it is possible to slash 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 costs but will demonstrate how to optimize your company's effectiveness as well. Whether you've been searching for 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, Second Edition is here.

More About the Author

The primary question I receive is, why would anyone write so many accounting books? The story began in the early 1990s, when my former boss, Jan Roehl-Anderson, asked me to assist in taking over a book called Controllership from Jim Willson (correct spelling), who had been maintaining the book since the early 1950s. I liked the experience, and even found it relaxing (I must have issues!).

So... I had an idea for another book, called Just-in-Time Accounting, which the publisher accepted, and which got me on the track of doing management accounting books. Most accounting books up to that point had primarily dealt with accounting principles and not how to management the department, so this was a rich area for new books.

The Accounting Best Practices book, which is one of the top-selling accounting books in the country, started when I was bouncing around ideas for new books with one of my editors, John DeRemigis. He suggested the accounting best practices idea, and I said, "nah, there's not enough material." Four editions later and over 400+ pages long, it appears that he was right and I was wrong.

Writing became more intense in 2005, when John Wiley & Sons recommended me to the authors of the Wiley GAAP Guide as a new co-author. This is a seriously technical high-end accounting principles guide, and so was nothing like what I had written before. My first assignment was adding a hundred or so new examples to the book, which was absolutely frantic -- imagine becoming an expert on a really far-out accounting topic in one day, writing an esoteric example, and then hurrying on to an entirely different example the next day.

I have just finished writing Accounting Controls Best Practices, which is chock-full of control points for the most common accounting systems, as well as for best practices upgrades to those systems. And now, it is time for a break, if only for a week.

So... I am heading to the Western Pacific for some serious diving off a live aboard dive boat.

Steve Bragg

Customer Reviews

4.8 out of 5 stars
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The book is very good, well written and easy to understand.
SEGFUN
It is an invaluable reference guide to anyone who is just starting a business, or needing to improve the efficiency of their accounting functions.
Gary Wright II
Each "best practice" has icons depecting cost/time investment to implement.
Cindy

Most Helpful Customer Reviews

39 of 40 people found the following review helpful By A Customer on February 25, 2001
Format: Hardcover
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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14 of 16 people found the following review helpful By Gary Wright II on October 30, 2005
Format: Hardcover
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.
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18 of 22 people found the following review helpful By A Customer on April 28, 2000
Format: Hardcover
Best practices helped me improve accounting operations and cut costs. Appendix B alone is worth the price.
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18 of 24 people found the following review helpful By A Customer on May 1, 2000
Format: Hardcover
Looking for best practices in all areas of accounting? This is the place! Liked the presentation format.
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2 of 2 people found the following review helpful By Ho Kheong Tan on July 27, 2009
Format: Hardcover
Mr. Steven M. Bragg has provided numerous methods on improving the procedures over accounting matters. The book aims is to provide the reader with guidance towards improving efficiency while retaining controls. In addition, the reader might appreciate the guidelines on the perceived time and cost required to implement the recommended procedures.

I found that this book provided a good reading and guide to experienced professionals working in well established multinational corproations as the content related to fundamental accounting matters. This book would be a wake up call for finance departments that had not focued on a balance of efficiency and control in the past.
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2 of 2 people found the following review helpful By 'DJ Work' on October 4, 2009
Format: Hardcover Verified Purchase
This book is an excellent source of good ideas to improve productivity, internal control and effectiveness in the finance area. If you are an auditor or internal auditor, you should have this book at your side when you write audit reports and management letters - the ideas in here will get you a promotion!
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1 of 1 people found the following review helpful By Cindy on March 8, 2011
Format: Hardcover Verified Purchase
I am a supervisor for an AP office and work closely with our receivables dept. I just got this book today and have read the first 2 chapters. I've already made notes of some key points of implementing new "best practices". This seems to be a very well rounded book, covering AP, receivables, payroll and more. Each "best practice" has icons depecting cost/time investment to implement. I would definitely recommend this product to anyone in the accounting field looking for some new ideas or to revamp some procedures.
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