Controllership 8E

ISBN-13: 9780470481981 / Angielski / Twarda / 2009 / 840 str.

Steven M. Bragg

Opis

Today's controllers are no longer seen as technicians who process transactions; they are now seen as business executives with a wide-ranging knowledge of total business operations, best practices, and corporate strategy. Providing a comprehensive overview of the roles and responsibilities of controllers in today's environment, this Eighth Edition of Controllership continues to provide controllers and vice presidents of finance with all aspects of management accounting from the controller's perspective, including internal control, profit planning, cost control, inventory, and financial disclosure.

Spis treści

About the Author xvii

Preface xix

PART I THE BROAD MANAGEMENT ASPECTS OF CONTROLLERSHIP 1

CHAPTER 1 Accounting in the Corporation 3

CHAPTER 2 Controller′s Responsibilities 13

CHAPTER 3 Cost Accounting and Costing Systems 23

CHAPTER 4 Ratio and Trend Analysis 57

CHAPTER 5 Internal Control Systems 89

CHAPTER 6 Internal Audit Function 113

CHAPTER 7 Recruiting, Training, and Supervision 123

CHAPTER 8 Controller′s Role in Investor Relations 137

PART II THE PLANNING FUNCTION OF CONTROLLERSHIP 151

CHAPTER 9 Business Plans and Planning: Interrelationship of Plans, Strategic Planning 153

CHAPTER 10 Financial Impact of the Strategic Plan: Long–Range Financial Plan 181

CHAPTER 11 Profit Planning: Annual Plan 201

CHAPTER 12 Profit Planning: Supporting Financial Analysis for the Annual Plan 225

CHAPTER 13 Taxation Planning 259

PART III PLANNING AND CONTROLLING OPERATIONS 275

CHAPTER 14 General Discussion of Standards 277

CHAPTER 15 Planning and Control of Sales 295

CHAPTER 16 Planning and Control of Marketing Expenses 339

CHAPTER 17 Planning and Control of Manufacturing Costs: Direct Material and Direct Labor 367

CHAPTER 18 Planning and Control of Manufacturing Costs: Manufacturing Expenses 389

CHAPTER 19 Planning and Control of Research and Development Expenses 425

CHAPTER 20 Financial Planning and Control in a Service Company 447

CHAPTER 21 Planning and Control of General and Administrative Expenses 461

CHAPTER 22 Payroll 477

PART IV PLANNING AND CONTROL OF THE BALANCE SHEET 499

CHAPTER 23 Planning and Control of Cash and Short–Term Investments 501

CHAPTER 24 Planning and Control of Customer Credit and Receivables 533

CHAPTER 25 Planning and Control of Inventories 553

CHAPTER 26 Accounting and Reporting for Selected Investments and Employee Benefit Plans 585

CHAPTER 27 Planning and Control of Plant and Equipment or Capital Assets 601

CHAPTER 28 Management of Liabilities 637

CHAPTER 29 Management of Shareholders’ Equity 659

PART V FINANCIAL AND RELATED REPORTS 683

CHAPTER 30 Internal Management Reports 685

CHAPTER 31 External Reporting 705

PART VI SOME ADMINISTRATIVE AND SPECIAL ASPECTS OF THE CONTROLLER′S DEPARTMENT 719

CHAPTER 32 Mergers and Acquisitions 721

CHAPTER 33 The Reporting Period and How to Close It 763

CHAPTER 34 Inventory Tracking 781

CHAPTER 35 Tax Records and Procedures 797

Index 807

O autorze

Steven M. Bragg, CPA, CMA, CIA, CPIM, (Centennial, CO) has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and auditor at Deloitte. He is the author of over 25 books primarily targeted toward controllers and their needs. Bragg 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.