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 accountant liability


Transforming Your Organization? Start with Accounting
Before the lean enterprise paradigm swept across the manufacturing industry, I doubt many business people would have considered accounting as a serious tool for

accountant liability  challenges. • Work-in-progress inventory. Any accountant will tell you that work in progress (WIP) is a company’s asset. A company spent significant money to purchase or produce its inventory, and theoretically that inventory can, in the case of a shift in demand or other conditions, be sold or reworked. Sounds reasonable, doesn’t it? In real life, this is the accounting standard that managers point to when they fearlessly pile up stocks in the form of economic batch size or start producing items

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Documents related to » accountant liability

Maintenance Software--How to Negotiate Successful Contracts with CMMS Vendors


When negotiating a contract with a computer maintenance management system (CMMS) vendor the guiding principals and definition of the project must first be determined. Deliverables, pricing options, payment terms, continuance, product and service quality, and liabilities are additional areas that must be considered in negotiations.

accountant liability  to retain a lawyer, accountant or consultant to help them through the process. The following are some key elements found in a typical contract with a CMMS vendor. This by no means, however, constitutes a legal opinion. Rather, it provides a basic understanding of what might go into the contract from a technical perspective. Guiding principles Mutual gain: Building a true partnership with your CMMS vendor requires a solid contractual foundation that's fair to both parties. It's too easy to draft terms Read More

Cash Management 101


Cash management is an essential business process all organizations must perform to survive. Though cash management uses automation for much of the “grunt” work, it is human intelligence in the financial decision making that does the rest.

accountant liability  flows. An organization's CFO, accountant, or proprietor will likely share this snapshot of financial performance with lenders, equity investors, and the company directors and key stakeholders. Surprisingly, most SMBs and large organizations find spreadsheets a useful tool for cash management. The cash management facilities serve as the basis for entries on the spreadsheet. The spreadsheet is easy to manipulate and allows for what-if scenarios and forecasting. Yet cash management for many companies is a Read More

Andersen/Enron Affair Precipitates "Big Five" Divorces


While the current focus of the public is on the future of Andersen and the entire accounting practice, the implications on the consulting industry will be deep as well.

accountant liability  act as both internal accountant and external auditor for a single customer. These moves came only a day after tormented Arthur Andersen said it would take preliminary steps to at least partially separate its own consulting business. A week earlier, the largest accounting firm, PricewaterhouseCoopers (PwC) , said it would launch an IPO for its consulting division. The move is aimed at avoiding the mushrooming perception of a conflict of interest, and comes as the only viable solution given a dearth of Read More

ERP and SCM Implementations Part Two: Interfaces and Priorities


To a large extent, software packages do work out of the box. Packages that do not perform perfectly or as users would expect is when dissatisfaction arises. These can be dealt with in a rational manner through the employment of effective project and change management procedures. However, an area that typically creates problems, whether expected or not, is the development of interfaces between proprietary software that cannot be replaced.

accountant liability  more valuable: the financial accountant, who maintains the books and financial records, or the tax accountant, who saves you money by reducing your tax liability. Without the records, how would you calculate the taxes? Without a solid, stable ERP database, how would you setup, validate, and utilize the SCM model? Hopefully, by establishing the positives for proceeding with the ERP software first and stating the serious pitfalls if you start with the SCM software, you can convince your management of the Read More

Adonix Grows Roots Against The Odds Part 2: Challenges and User Recommendations


Adonix often comes ahead of larger global players in terms of functional fit, pricing, and understanding of the local requirements in the distribution area. The company still faces challenges presented by limited financial resources to adequately fund multiple key strategic initiatives including brand marketing, undeveloped global channel and brand recognition, and formidable competition within the market of Adonix’ future expansion focus (particularly the North American market).

accountant liability  adonix x3,data collection,enterprise applications,manufacturing distribution,erp system,enterprise resource planning system,sage erp x3,erp suite,web-native erp solution,adonix xtend,x3 software,x3 application,adonix x3 product,adonix x3 erp,groupe abel Read More

Napster Cooks up Soup-to-Gnutella Network Management Challenges


Recent legal actions against online MP3 search services suggest U.S. businesses may be liable for not restricting programs like Napster and Gnutella on their networks

accountant liability  Cooks up Soup-to-Gnutella Network Management Challenges Napster Cooks up Soup-to-Gnutella Network Management Challenges C. McNulty - May 17, 2000 Event Summary LOS ANGELES -- On April 13, Recording artists Metallica, and related businesses filed suit in U.S District Court Central District of California against Napster, Inc., The University of Southern California, and Indiana University. Metallica and its allied plaintiffs are the copyright owners of sound recordings and musical compositions created Read More

Pull vs Push: a Discussion of Lean, JIT, Flow, and Traditional MRP Part 1: Tutorial


Flow manufacturing leverages techniques to help manufacturers create any product on any given day, in any given quantity including the "quantity of one" (i.e., through the so-called mixed-model production), while keeping inventories to a minimum and shortening cycle times in order to quickly fill customer orders.

accountant liability  vs Push: a Discussion of Lean, JIT, Flow, and Traditional MRP Part 1: Tutorial Flow Manufacturing The lean manufacturing support philosophy has recently received increased interest, potentially allowing it to break like a huge wave across industry. The Enterprise Resource Planning (ERP) systems of the 1990s have been burdened with the liability of carrying on some well-publicized Material Requirements Planning (MRP) problems like complex bills of material (BOMs), inefficient workflows and unnecessary Read More

Microsoft’s Underlying Platform Parts for Enterprise Applications: Somewhat Explained - Part 3


Part 2 of this blog series analyzed Microsoft platform parts that are slated for shared use within the Microsoft Dynamics family of products. Particular attention was given to Microsoft SQL Server, SharePoint, and parts of Microsoft .NET Framework. What About Visualization and User Interface (UI) Technologies? However, what has somewhat intrigued me is Microsoft’s not-so-vocal touting and

accountant liability  work from there.  An accountant lives in Microsoft Excel and should be able to work from there. A mobile technician lives in the cell phone/personal data assistant (PDA) metaphor, where the Apple iPhone or Palm Treo similarity of UI can come in handy. Some Other Vendors’ UI Approaches Still, although WPF provides a visually appealing, familiar and intuitive UI, it comes with some trade-offs, specifically in memory utilization (being hardware intensive), the need to be hooked to the network, and a much Read More

IT Asset Management: Saving Money, Reducing Risk


Managing IT assets is a vital corporate function—and a source of potential liability if not performed properly. By effectively managing IT assets, businesses can be assured that each IT dollar has been well spent. With an asset management solution, your IT staff can monitor application usage and budgets more accurately, and improve in-house IT support and performance—resulting in greater efficiency and reduced costs.

accountant liability  Asset Management: Saving Money, Reducing Risk Managing IT assets is a vital corporate function—and a source of potential liability if not performed properly. By effectively managing IT assets, businesses can be assured that each IT dollar has been well spent. With an asset management solution, your IT staff can monitor application usage and budgets more accurately, and improve in-house IT support and performance—resulting in greater efficiency and reduced costs. Read More

Lilly Software - Product Enhancements Remain Its Order 'Du Jour' Part Four: Challenges and User Recommendations


LSA’s need to re-deploy the product on a new technology and to deliver the needed functionality for its new desired markets, will demand a continued hefty R&D investment, which may put a significant strain on the company’s resources in the long run, particularly if the top line remains flat or possibly even declines.

accountant liability  to what most cost accountants are expecting in a standard cost system. The company has therefore taken a strong look at its Financials module and made significant enhancements in the areas of complex consolidation, euro support, and advanced multicurrency. VISUAL Financials includes a Euro conversion utility and a significant number of improvements to Value Added Tax (VAT) capabilities, but the most important addition is that companies can now perform Average Costing. In the past, VISUAL accommodated Read More

Can Webplan Reconcile Planning and Execution? Part Three: Market Impact Continued


Webplan believes its offering should benefit many departments within a manufacturing organization. When it comes to operations and manufacturing, the benefit is in getting the right information to the right people and ensuring the results of decisions align with goals and objectives.

accountant liability  Webplan Reconcile Planning and Execution? Part Three: Market Impact Continued Market Impact The past two years or so have been an interesting if not a tumultuous period for the Ottawa, Canada-based, privately-held Webplan Corporation ( www.webplan.com ), which felt compelled to further refine its original supply chain planning (SCP) and business-to-business (B2B) collaboration value proposition. The vendor has refocused onto a highly actionable response management software (a subset of broader Read More

Are ASP Applications Right for You? Part 2: Decision Criteria


Whether an application is best implemented as an ASP provided application or service, built in-house or purchased, generally depends on the same criteria as what would be used for outsourcing a function or process. This part details that criteria.

accountant liability  ASP Applications Right for You? Part 2: Decision Criteria Are ASP Applications Right for You? Executive Summary    An Application Service Provider (ASP) provides an outsourced application to a firm, freeing the firm from hardware costs, training on the system operation, installation and system operation itself. Originally, ASP applications focused on a fairly narrow functional scope, however, as the market matures, the functionality the applications address is growing. It is now possible to contract Read More

Food Safety, Government Regulations, and Brand Protection


Many food companies are investing significant funds in building awareness for their brands in the market, which can pay off amply in competitive, commodity markets. One highly publicized recall, however, can turn an established brand asset into a liability.

accountant liability  food and beverage industry,food service,food retail,ERP,enterprise resource planning,SCM,supply chain management,food safety,compliance management,regulatory compliance,brand protection Read More

You Need More Than Functions and Features to Implement an ERP Package Part One: The Administrator and Customizer


You have selected an ERP package. Now you have to worry about implementing the software. This article looks at four categories of tools that a vendor may supply that can make the implementation easier for your project team, end users, and IT department. Read on to see what tools you may want to have in your toolbox before proceeding with the implementation.

accountant liability  transactions that a junior accountant would be expected to execute. These might include creating journal vouchers and posting cash receipts to the general ledger. Then, you can create a user group, say Jr. Accountant , which would only be allowed limited access to certain accounting transactions. The group, Jr. Accountant, would be attached to the menu, Accounting 101. Then, specific users would be added to this group and assigned a password. They then would inherit the privileges of the group. Again, Read More