Tham khảo tài liệu 'podcast accounting best practices_6', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 220 Costing Best Practices and his or her conclusions to management on a continuing basis. Without this proactive approach senior managers will receive the new reports and not realize that they are holding a powerful new tool in their hands. Thus the controller is the key to the rapid acceptance and use of the new costing data resulting from the best practices advocated in this chapter. Summary This chapter described a number of best practices that impact inventory costing. Some involve auditing those underlying documents with the greatest impact on profitability such as bills of material and labor routings. Others alter or replace existing cost reports resulting in better visibility of costing problems. Finally target costing and activity-based costing systems can be installed giving much control over costs in the first case and vastly more accurate information about costs in the latter case . These are generally easy implementations with the exception of the two new costing systems but implementing the reports will require the approval and acceptance of those members of management who read them. If properly implemented all of these changes will result in much better knowledge of costs which if acted upon can make the difference between profits and losses. Chapter 10 Filing Best Practices This chapter covers the best practices that can be used to create a more efficient filing system for an accounting department. Though this may seem like such an easy topic that it does not warrant its own chapter there are actually many steps that a progressive accounting staff can take to greatly enhance the efficiency of its filing work. This chapter does not focus on doing a better job of filing documents. On the contrary filing is a totally nonvalue-added activity so the focus here is on finding ways to completely avoid filing. This can be done through a variety of approaches including an increased use of electronic documents standard procedures for destroying old documents .
