Accounting Control Best Practices

by Steven M. Bragg

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 Encompassing all of the major accounting and operational processes with nearly 500 controls presented in basic, intermediate, and advanced layers, from those needed for a very basic paper-based system, to computerized systems, to the use of advanced best practice enhancements in computerized systems, Accounting Control Best Practices, Second Edition is the only guidebook needed to devise a set of controls precisely tailored to every company's system.

Genres: Management

304 pages, Hardcover

First published January 1, 2006

About the author

Steven Bragg is a former chief financial officer and controller, and author of 300+ business courses and 50 business books. To get away from the business world, he is also the trail running author of Run the Rockies, a PADI-certified Master Diver, an avid skier and mountain biker, and two-time president of the Colorado Mountain Club. He is also the author of the science fiction novels Under an Autumn Sun and Early Winter, the first two novels in The Auditors trilogy.

Reviews

[Badal Babu Bhattarai · Rating 3 out of 5]

Decent book if you want to understand basic internal controls across various functions.

The author walks you through different internal control areas (in both paper-based and electronic systems): Order processing, Invoicing, Inventory management, Accounts Payable, Cash and Petty Cash, Payroll, and Fixed Assets.

It has ample flowcharts, SOPs, and ready-to-use forms and formats which is pretty handy.

[Alan · Rating 1 out of 5]

Hated this book. Bragg doesn't really have "best practices" to contribute, sometimes he has a fad or two. He's written the same book over and over, I fear, although I liked his early efforts.