Details

Accounting and Finance Policies and Procedures

1. Aufl.

von: Rose Hightower
84,99 €
Verlag:	Wiley
Format:	PDF
Veröffentl.:	21.07.2008
ISBN/EAN:	9780470273104
Sprache:	englisch
Anzahl Seiten:	336

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Beschreibungen

Titelbeschreibung

Policies and procedures are the foundation of internal controls for organizations. Taking a complicated subject and breaking it into manageable components, this book enables you to hit the ground running and significantly accelerate your completion of a solid policies and procedures program. Comprehensive and practical, this useful book provides you with sample documents you can personalize and customize to meet your company's needs. These manuals are favorites for organizations and companies that need a foundation and grounding to ensure an internal control posture of integrity, credibility, method, process and process: or a reminder of its importance. URLs were included when first published to encourage the dissemination and distribution of relevant chapters to those interested and in charge of the specific departments. Although times have changed, the principles professed are sound and solid for today’s accounting and business environment. Implementing these cornerstones will produce a principled manageable approach. These manuals can be used by accounting individuals, finance departments, sole proprietor businesses, large corporations, accounting / auditing students and any others interested in specific topics or general disciplines. The discipline for the oversight processes and procedures are important when introducing or implementing auditing practices whether in accounting or throughout the organization. These manuals should be used together to provide the basics when setting up a department or specific process discipline, for learning about the strengths, weaknesses and opportunities within the specific focus areas.

Inhaltsverzeichnis

How to Use this Manual xiii Preface xvii Before Getting Started xix Getting Started with the Program xxiii Developing the Table of Contents xxvii Self Assessment xxxi Program 1 A01 Program Mandate 3 A02 Overview—Getting Started: Presentation 9 A03a Create, Revise, Issue Policies and Procedures 21 A03b Template—Name of Document 26 A04 Request to Deviate from Policies and Procedures 28 A05 Rescind Policies and Procedures 32 Policies and Procedures 35 B01 Account Reconciliation 37 B02 Accounting for Compensated Absences 41 B03 Accounting for Goodwill, Patents, Trademarks, and Other Intangible Assets 44 B04 Accounting for Mergers and Acquisitions 47 B05 Accounting for Post-Employment Benefits 50 B06 Accounting for Restructuring and Reorganization 53 B07 Accounting for Sales Compensation: Expense, Accrual, Reconciliation 57 B08 Accounts Payable: Request for Payment to Third Party Vendors 62 B09 Accounts Receivable: Allowance for Doubtful Accounts 68 B10 Accounts Receivable: Third-Party Trade and Customer—Credit, Collection, and Cash Applications 72 B11 Accruals 81 B12 Accounting and Audit-Related Complaints 86 B13 Authorization: Delegation, SubDelegation of Authority 90 B14 Bank Reconciliation 100 B15 Business Combinations, Consolidation and Foreign Entity Reporting 103 B16 Business Licenses 106 B17 Cash and Banking 109 B18 Communication with Financial Community 116 B19 Escheat, Abandoned Property, Unclaimed Checks: U.S., Canada, and Where Local Regulations Require 119 B20 Finance Code of Ethical Conduct 123 B21 Key Financial Indicators 126 B22 Financial Planning and Analysis 131 B23 Property, Plant and Equipment: Fixed Assets, Long-Lived Assets, Tangible Assets 134 B24 Foreign Currency Risk Management 153 B25 Funding and Financing Risk Management 156 B26 Hiring and Use of External Auditors 158 B27 Income Tax Preparation and Reporting 164 B28 Insurance and Risk Management 169 B29 Intercompany Transactions 174 B30 Inventory 180 B31 Investment and Marketable Securities 186 B32 Journal Entries: Routine, Non-Routine, and Estimates 189 B33 Capital, Operating Leases, and Real Estate Rental Property 195 B34 Letter of Representation, Quarterly Financial Sub Certification Process 202 B35 Payroll and Salary Expense 208 B36 Petty Cash 212 B37 Physical Counts and Evaluation for Inventory, Property, Plant and Equipment 216 B38 Prepaid Assets/Expenses 219 B39 Revenue Recognition 222 B40 Source and Use of Exchange Rates 228 B41a Travel, Entertainment, and Expense 231 B41b Travel, Entertainment, and Expense Manual 235 Bonus Policies and Procedures 251 C01 External Communications and Public Relations 253 C02 Material Nonpublic Information and Insider Trading 261 C03 Procurement 265 C04 Records Information Management 270 Index 287

Rezension

"The author provides an excellent framework for organizations to use in establishing and updating policies and procedures. This book is an excellent resource that auditors can use to steer management to as an example of a structured approach to policy and procedure development." (Auditnet.org, June 2008)

Autorenportrait

Rose Hightower, Accountant, MSc, has been the owner of IDEAL Consulting Solutions International, LLC for ten years, consulting in implementation of internal control and policy and procedure programs for large companies. Bringing over twenty years of experience from IBM and serving as finance manager, her program contains practical lessons and simple solutions for any size company. She is known as "The Policy Guru" and offers advice and counsel to clients from her Web site, idealpolicy.com, and through auditnet.org.

Back cover copy

Praise for Accounting and Finance Policies and Procedures "This comprehensive and practical tool enables accountants to produce documentation on policies and procedures in a quick and thorough manner. The URL download eliminates the tedious administrative setup work, and the detailed description within each section assists in the prevention of overlooking what we very often take for granted. This is not a how-to book; it is a tool that . . . will make your company documents look like you are part of a Fortune 500 company." —Leslie Kessler Brand, CPA, Corporate Controller, Porta Systems Corp. "For contract training on or off-campus, there is no faculty member more concerned with student learning and process than Rose Hightower. Rose is the preferred adjunct by numerous companies for their staff development in project management and finance and accounting especially for the non-financial manager. She, like her book, Accounting and Finance Policies and Procedures, takes a complicated subject and breaks it into manageable components." —Maureen Connolly, Dean, Berkeley College "Rose has developed a comprehensive policies and procedures program that allows you to standardize, train and assure compliance with financial policies on a worldwide basis. In today's age of ever increasing technical complexity along with the global and diverse nature of organizations, a practical guide to establishing, formally documenting, and maintaining accounting policies will be of use to many firms, big and small. This guide will enable those firms to hit the ground running and significantly accelerate their completion of a solid policies and procedures program." —Douglas Robinson, CFO, Verint Systems Inc. "Policies and procedures are the foundation of internal controls for organizations. It is therefore very important that they be clearly written, current and comprehensive. Accounting and Finance Policies and Procedures by Rose Hightower provides an excellent framework for any organization to create this foundation. The merging of an online component recognizes the importance of a digital tool to update policies and procedures in a timely manner." —Jim Kaplan, President and CEO, AuditNet, LLC (www.auditnet.org)