Management Accounting Best Practices provides the answers to all of these ques- tions(andover100more)that showboththeaspiringandseasonedaccountanthowto set up and manage an accounting department. Furthermore, when other members of the management team come calling with questions, the answers now lie on the ac- countant’s bookshelf. The information in this book is culled from eight of the autho…
The accounting department is a cost center. It does not directly generate revenues, but rather provides a fixed set of services to the rest of the company, and is asked to do so at the lowest possible cost. Consequently, the accounting staff is called upon to process transactions, write reports, create new processes or investigate old ones—while doing so as an ever-shrinking proportion of to…
A best practice is really any improvement over existing systems, though some consultants prefer to confine the definition to those few high-end and very advanced improvements that have been successfully installed by a few world- class companies. This book uses the broader definition of any improvement over existing systems, since the vast majority of companies are in no position, either in t…