3rd Edition. John Wiley & Sons, Inc., 2009. – 371 pages.
This third edition of is designed for anyone who wants to streamline an accounting system so that transactions can be processed with minimal errors and staff time. The book uses a multi-step approach to improving accounting systems. First, we describe and chart an existing process, focusing on the inputs, processing steps, and outputs associated with each transaction. In many cases, this includes an analysis of wait times and paper ?ow among employees and departments, in order to differentiate non value-added from valueadded activities. Second, we list a number of suggestions for reducing or streamlining the workload. This can include the application of new technology, eliminating redundant or unnecessary control points, reducing the number of people involved, and compressing some activities.
Contents:
Free Online Resources
Setting Up and Improving the Accounting Department
The Sales Cycle
Cash
Inventory
Accounts Payable
Cost Accounting
Payroll
The Budget
Closing the Books
Data Collection and Storage Systems
Process Documentation
Change Management
This third edition of is designed for anyone who wants to streamline an accounting system so that transactions can be processed with minimal errors and staff time. The book uses a multi-step approach to improving accounting systems. First, we describe and chart an existing process, focusing on the inputs, processing steps, and outputs associated with each transaction. In many cases, this includes an analysis of wait times and paper ?ow among employees and departments, in order to differentiate non value-added from valueadded activities. Second, we list a number of suggestions for reducing or streamlining the workload. This can include the application of new technology, eliminating redundant or unnecessary control points, reducing the number of people involved, and compressing some activities.
Contents:
Free Online Resources
Setting Up and Improving the Accounting Department
The Sales Cycle
Cash
Inventory
Accounts Payable
Cost Accounting
Payroll
The Budget
Closing the Books
Data Collection and Storage Systems
Process Documentation
Change Management