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Home > Business & Economics > Finance & Accounting > Management Accounting Best Practices: A Guide for the Professional Accountant
Management Accounting Best Practices: A Guide for the Professional Accountant
by Bragg, Steven M.
 
 
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Management Accounting Best Practices: A Guide for the Professional Accountant

Praise for Management Accounting Best Practices

"It doesn't matter where you start reading, even the most experienced accountant will find some useful ideas."
—Alan H. Boycott, Chartered Accountant, Düsseldorf, Germany

"This is one of the best books about new accounting practices in practical accounting. I highly recommend this book for accountants of all levels."
—Andrei Ralko, ControllerInternational Center for Transitional JusticeNew York, NY

The only practices worth followingare the best practices...

Destined to become an essential desktop tool in helping professionals make management decisions in accounting, Management Accounting Best Practices introduces over 100 best practices from accounting expert Steven Bragg for questions such as:

  • How does the system of interlocking budgets work?

  • What does a sample budget look like?

  • What best practices can I apply to the budgeting process?

  • How can I integrate the budget into the corporate control system?

  • How do throughput concepts impact the budget?

Now, when members of your management team come calling with questions, you'll have the answers at your fingertips, in Management Accounting Best Practices. It's the easy-to-use, daily reference manual for every accountant in a management position.



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Title of ebook: Management Accounting Best Practices: A Guide for the Professional Accountant
ISBN: 9780470175392
parent-ISBN: 9780471743477
Publisher: John Wiley & Sons, Inc.
Internet download file size: 2365 kb
Pages: 304
Published: 08-2007
Released online for download: 08-13-2007
Author of eBook: Bragg, Steven M.
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Management Accounting Best Practices

A Guide for the Professional Accountant

Chapter One

Budgeting Decisions

The most common method for creating a budget is to simply print out the financial statements, adjust historical expenses for inflationary increases, add some projected revenue adjustments, and voila-instant budget. Unfortunately, this rough method ignores a massive number of interlocking factors that would probably have resulted in a very different budget. Without a carefully compiled budget, there is a strong chance that a company will find itself acting on budget assumptions that are so incorrect that it may find itself in serious financial straits in short order.

To avoid these problems, the accountant must determine the proper format of a budget, find the best way to adjust it when revenue volumes change, ensure that the budgeting process is efficient, factor bottleneck operations into the budget, and use it to improve company control systems. This chapter provides answers to all of these key questions. The following table itemizes the section number in which ... read full excerpt from Management Accounting Best Practices: A Guide for the Professional Accountant ebook



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