The typical accountant receives a thorough grounding in accounting standards in school, but then arrives on the job and asks – what do I do now? The unfortunate realization strikes that only a small proportion of the accounting job involves accounting standards. Instead, many other questions arise, such as: How do I create a budget, what is a bottleneck asset, how do I grant credit, how do I accelerate cash collections, which controls should I set up, how do I conduct a throughput analysis, should we outsource work, how do I achieve accurate inventory records, how do I allocate costs, how do I set up a target costing system, how do I set product prices, and where do I place quality review stations to maximize profitability?
Management Accounting Best Practices provides the answers to all of these questions, and over 100 more that show both the aspiring and seasoned accountant how to set up and manage an accounting department.
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Related Books
| Cost Accounting | Financial Analysis |
| Controller's Guide to Cost Accounting | Throughput Accounting |
Reviews
This is one of the best books about new accounting practices and technology in practical accounting. I highly recommend this book for accountants of all levels who are looking to improve accounting practices and implement new technology. -- Andrei Ralko, Controller, International Center for Transitional Justice
It doesn't matter where you start reading, even the most experienced accountant will find some useful ideas. -- Alan H. Boycott, Chartered Accountant