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Detail
Artikel12 Tips to Make Financial Operations More Efficient  
Oleh: Kevles, Barbara
Jenis: Article from Bulletin/Magazine
Dalam koleksi: Journal of Accountancy vol. 183 no. 4 (1997), page 53-68.
Topik: FINANCIAL; financial; efficient
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  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ85.1
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelCorporate accounting departments often are limited by tradition. Established procedures perpetuate a pervasive mind -set of "This is the way its always been done." But the introduction of a new accounting software package or the review of one already installed gives an accounting staff the opportunity to overhaul day - to - day financial operations for a companys benefit. At such junctures, reengineering basics such as financial processing, the general ledger, project accounting and treasury management may shave labor costs, speed monthly closings, improve cash management and help a company become more profitable. As Jerry F. White, director of the Caruth Institute of Owner - Managed Business at Southern Methodist Universitys Cox School of Business in Dallas, points out, "Efficient financial reporting is essential to making management decisions on a timely basis, before a problem compounds. The faster you have high - quality information, the quicker management will be able to take corrective action." According to Lisa Robinson Waugaman, SAP technical project director at Quaker State Corp. in Las Colinas, Texas, and formerly a senior manager of process transformation at Ernst & Young in Dallas, the best reengineering practices "consolidate routine processing, streamline time - consuming tasks of little advantage or eliminate data duplication by more fully using software capabilities." The 12 ideas presented in this article can work for Fortune 500 companies as well as small to midsize businesses using standard software packages. While these tips can be applied to ongoing financial programs, when a company introduces new software, Waugaman advises its better to revise essential financial procedures before going online.
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