Accounting Best Practices Implementation

Steven M. Bragg's "Accounting Best Practices" offers a comprehensive guide to enhancing efficiency and accuracy within accounting and finance functions. The book defines best practices broadly as any improvement over existing systems, acknowledging the varying capabilities of different companies. It covers a wide array of topics, including filing, finance, financial statements, general ledger, internal auditing, inventory, payroll, accounts payable, billing, budgeting, costing, and collections. Each chapter discusses specific best practices, detailing implementation steps, potential benefits, and associated costs and timeframes. The text emphasizes careful planning, the use of technology, and the importance of change management for successful adoption. Ultimately, the book serves as a resource for organizations seeking to optimize their accounting operations.

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