Accounting Best Practices
Third Edition

by

Steven M. Bragg

This book is compiled from the author’s lengthy experience in setting up and operating a number of accounting departments, as well as by providing consulting services to other companies. Accordingly, it contains a blend of best practices from a wide variety of accounting environments, ranging from very small partnerships to multibillion-dollar corporations. This means that not all of the best practices described within these pages will be useful in every situation—some are designed to provide quick and inexpensive, incremental improvements to an operation that can be installed in a day, while others are groundbreaking events that require six-figure investments (or more) and months of installation time. Some will only work for companies of a certain size, and should be discarded as more expensive and comprehensive accounting systems are installed—it all depends on the situation. Consequently, each chapter includes a table that notes the ease, duration, and cost of implementation for every best practice within it.

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