Accounting Control Best Practices, Second Edition



Control systems are needed to ensure that a company’s assets are used in the most productive manner and that they are not lost through fraudulent activities. However, an excessive use of controls can interfere with the efficient completion of activities within a company. Whether your company is in start-up mode, installing new systems or simply dissatisfied with existing controls due to fraudulent losses, "Accounting Control Best Practices, Second Edition" is the reference handbook every accountant and systems analyst can use to ensure that their company has constructed a durable and efficient set of controls.

This easy-to-use handbook clearly explains how to develop an effective system of accounting and operational controls and offers the best practices with pragmatic insights and proactive strategies to protect organizations from suffering further substantial losses of assets and reputation that occur from financial dishonesty within an organization.

Author and renowned accounting expert Steven Bragg provides control flowcharts in every chapter for all major processes as well as a thorough set of corporate policies designed to support the system of controls. Now containing chapters on budgeting, collections and acquisition integration, this valuable reference handbook offers essential information on control best practices for:

  • Order entry, credit and shipment
  • Inventory management
  • Billing
  • Cash-handling
  • Payroll
  • Fixed assets
  • Budgeting
  • Financial reporting
  • Just-in-time manufacturing
  • Petty cash
Encompassing all of the major accounting and operational processes with nearly 500 controls presented in basic, intermediate and advanced layers, "Accounting Control Best Practices, Second Edition" is the only guidebook needed to devise a set of controls precisely tailored to every company’s system.

Product Details

ISBN 978-0-470-40542-0
Hardcover, 295 PAGES

Table of Contents:

  • Chapter 1: Introduction
  • Chapter 2: Controls for Accounts Payable Best Practices
  • Chapter 3: Controls for Order Entry, Credit, and Shipment Best Practices
  • Chapter 4: Controls for Inventory Management Best Practices
  • Chapter 5: Controls for Billing Best Practices
  • Chapter 6: Controls for Collections
  • Chapter 7: Controls for Cash-Handling Best Practices
  • Chapter 8: Controls for Payroll Best Practices
  • Chapter 9: Controls for Fixed Assets Best Practices
  • Chapter 10: Controls for Budgeting
  • Chapter 11: Controls for Financial Reporting