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Books > Business & Economics > Finance & accounting > Accounting > Financial accounting
No one knows your organization better than you do. That's why you
are in the best position to make process improvements for your own
operations. But, sometimes you are too close to identify those
problem spots that have crept into your procedures. That's where
The Do-It-Yourself Accounts Payable Consultant Handbook comes in.
It provides you the added perspective to see your operation
clearly. It effectively lets you take that giant step back so you
can look at your accounts payable function objectively. Use our
straightforward problem-solving tools to uncover the weak spots in
your processes. Once you've identified the problems, our commentary
will get you started on the right path to fixing the problem by
providing some best practice advice. You can use this to strengthen
your controls preventing duplicate and erroneous payments and
fraud. What's more, you might even earn a few more early pay
discounts. Each section contains: * Several analytical checklists
to help you scrutinize the your processes to identify those areas
that need attention; * An explanation of why certain practices are
not recommended and others are: and * The latest thinking to help
you develop the solution that is right for your operations. With 35
diagnostic checklists, you're all set to evaluate your own accounts
payable function. Table of Contents Invoices Invoice Handling
Diagnostic Invoice Processing Diagnostic Do Your Processor s Know
the Basics Convincing Vendors to Invoice Electronically And 3 Best
Practice Articles AP Check Processes Exception Processing
Diagnostic Check Request Forms Diagnostic Paper Check Safety
Diagnostic Paper Check Elimination Checklist Dealing with Un-cashed
Checks Getting Vendors to Accept e-Payments And 4 Best Practice
Articles AP Interdepartmental Processes Identifying Problems in the
Purchase-to-Pay Process Diagnostic Master Vendor File Diagnostic
User-Friendly Accounts Payable Department Best Practice Checklist
And 2 Best Practice Articles Payments Payment Control Diagnostic
ACH Diagnostic "Identifying Problems that Can Be Eliminated with
e-Payments" Diagnostic P-card Missed Opportunity Diagnostic ACH
Fraud Convincing Management to Make ACH Payments And 3 Best
Practice Articles Travel & Entertainment T&E Policy
Diagnostic T&E Expense Policies that Meet IRS Guidelines while
Combatting Fraud Diagnostic Avoiding a T&E Fraud Debacle
Diagnostic The T&E Receipts Issue Diagnostic: Are You
Collecting the Right Information And 2 Best Practice Articles
Regulatory The Regulatory Diagnostic The 1099 Diagnostic Unclaimed
Property Best Practice Diagnostic And 3 Best Practice Articles
Management Issues: General Common Misconceptions that Get AP into
Hot Water Electronic Accounts Payable Diagnostic The Worst Practice
Checklist Hiring Best Practice Checklist And 2 Best Practice
Articles Management Issues: Control Fraud
Deterrence/Prevention/Detection Diagnostic Internal Control Best
Practice Diagnostic Productivity Killer Checklist And 3 Best
Practice Articles Management Issues: Operation Issues The Duplicate
Payment and Recovery Best Practice Checklist Policy &
Procedures Manual Launching a New Project Best Practice Checklist
And 4 Best Practice Articles
Financial and Managerial Accounting is a concise introduction to
fundamental accounting principles for students who are new to the
subject matter. Many standard accounting textbooks include more
materials than can easily be covered in a one-semester approach.
Financial and Managerial Accounting focuses only on the topics
students need to master at the introductory level. The book begins
by explaining the importance of accounting in businesses and making
students aware of accounting ethics. Then, through distinct and
incisive chapters, students begin to master specific topics and
skills, such as how to record business transactions, merchandising
operations and inventory, assets, liability and equity, and
internal control and cash. The particulars of managerial accounting
are addressed in chapters on cost-management systems, capital
investment systems, and master and flexible budgets. Written to be
both accessible and readily applicable, as well as highly practical
in nature, Financial and Managerial Accounting is an excellent
foundational textbook. It is well-suited to courses in principles
of financial accounting and managerial accounting.
Financial statements serve as a report card for a business through
which managers and entrepreneurs can know their exact financial
positions. These financial statements are prepared only through
financial accounting. The main purpose of financial accounting is
to help entrepreneurs exercise control over their business
activities by controlling total costs incurred so that they are
able to earn higher profits.
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