Management Accounting Best Practices: A Guide for the Professional Accountant - Tapa dura

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Steven M. Bragg, CPA, CMA, CIA, CPIM, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and auditor at Deloitte & Touche. He received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine. He has been the two-time president of the Colorado Mountain Club, is an avid alpine skier and mountain biker, and is a certified master diver. Mr. Bragg resides in Centennial, Colorado. He is also the author of Accounting Best Practices and Design and Maintenance of Accounting Manuals, both published by Wiley.

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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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Management Accounting Best Practices

A Guide for the Professional Accountant

Today's practicing accountant quickly finds out that a large part of his or her position is more about management decisions and less about accounting standards. Situations eventually arise involving cost allocation systems, cost analysis, profit planning, operational budgeting, and more, requiring a functional understanding of management accounting.

Management Accounting Best Practices provides the answers to these situations and over 100 more, showing both the aspiring and seasoned accountant how to set up and manage an accounting department. With proactive and proven best practices in each chapter, this easy-to-read guide serves as a daily reference manual for every accountant in a management position.

Written by Steven Bragg?one of the most prolific accounting authorities in the world?Management Accounting Best Practices is equipped with immediately useful tips and best practices for:

• Achieving optimal credit granting decisions

• The specific control to use in major accounting processes

• The best ways to maintain customer service levels while minimizing total inventory investing

• The vital decisions and control systems needed during the new product development cycle to ensure optimal profitability of the resulting products

Chapters are organized by the different types of decisions to be made in such areas as capacity management, financial analysis, granting or denying credit, managing inventory, product pricing, and more. With best practices concepts woven into each chapter and explained in simple terms, users can review the latest techniques in this handy resource and quickly implement them on the job.

This excellent step-by-step manual of best practices shows CFOs, controllers, accounting managers, and cost accountants how to arrive at the optimum level of investment in productive capacity and, specifically, where to target new investments. Topics and information are easily found through the question-and-answer format and will make Management Accounting Best Practices a well-thumbed addition to any accountant's library.