Table of Contents

Optimal Accounting for Payables. 1

Payables Inefficiencies. 1

Optimal Accounting for Invoice Approvals. 2

Optimal Accounting for Three-Way Matching. 3

Optimal Accounting for Expense Reports. 4

Optimal Accounting for Data Entry. 5

Optimal Accounting for Payments. 5

Miscellaneous Improvements. 6

What Not to Do. 8

Monitoring of Optimal Systems. 8

Impact of Optimization on Closing the Books. 8

Impact of Optimization on Fraud. 9

Impact of Optimization on the Annual Audit 9

Review Questions. 10

Answers to Chapter Questions. 11

Glossary. 13

Index. 14

 

Final Examination…………………………………………………………………………………………………...16