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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 Read More...
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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

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...
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

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...
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,

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
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

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...
Integrated Security: A New Network Approach
The challenge is to ensure that the right people gain access and the wrong people do not, making the role of information security even more critical to enabling

accountant liability  Security: A New Network Approach Executive Summary As organizations become more dependent on their networks for business transactions, external data sharing, and simple day-to-day communications, the need increases for these networks to be more accessible and operational. But as accessibility to the network becomes easier, so does gaining access to the critical data they are storing. The challenge is to ensure that the right people gain access and the wrong people do not, making the role of Read More...
Case Study: Hauser Chocolatier
Old-world quality is great for a chocolate manufacturer, but old-style business systems are not. Hauser Chocolatier learned this the hard way, struggling for

accountant liability  and much more. Our accountant uses almost all of the accounting- related functions in Sage MAS 90. The Purchase Order module tracks raw materials coming in. We also use the module as a work order system, since we generate materials in-house that we later use ourselves in manufacturing, says Hauser. The Inventory Management module helps the company with production planning. The system tells us what we have in stock. We no longer have to run out to the warehouse to check quantities when a customer places Read More...
Coordinating Outsourced Manufacturing: A Win-win Proposition for Both Sides of Manufacturing Partnerships
Managing the demands of constant change is one of the biggest challenges facing the electronics manufacturing services (EMS) industry today. Collaboration

accountant liability  Outsourced Manufacturing: A Win-win Proposition for Both Sides of Manufacturing Partnerships Coordinating Outsourced Manufacturing: A Win-Win Proposition for OEMs and CMs If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. Kinaxis has gained significant recognition in the marketplace for its focus on delivering a real-time supply chain that drives operations performance management in manufacturing and demand management. 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

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...
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

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...
Tactical Human Resources Evolves into Strategic Human Capital Management
In contrast to traditionally investing in automation technologies for better use of tangible assets, enterprises have begun to invest in optimizing human

accountant liability  HR,human resources,HRMS,human resources management systems,HCM,human capital management,talent management,employee performance management,workforce analytics,employee relationship management,ERM,business-to-employee-management,B2E Read More...
Retail Applications Vendor Provides a Solid
As spending on technology by major players is growing at an increasing pace, there are good opportunities for vendors which have been in the market for a while,

accountant liability  Applications Vendor Provides a Solid Platform Even though the retail sector in the US is its second-largest industry, technology spending in this sector is still lagging behind other industries. But spending on technology by major players is growing at greater pace compared to other sectors, and it poses some good opportunities (and potential for good business) for those who have been in the market for a while. At the same time, there are some unique challenges faced by these vendors. One such vend Read More...
Computerized Maintenance Management Systems: A Tutorial Part One: Challenges and Features
Companies are looking for more areas to squeeze savings out of operations. One such area that may be fertile ground to explore is equipment maintenance. The

accountant liability  To appeal to the accountant in all of us, a CMMS should track the cost of maintenance at the equipment or project level. Where ERP software can tell you how much your company is spending on repair parts, a CMMS should tell you how much it costs to maintain a specific piece of equipment. With this information you can assess whether equipment is economically repairable or should be replaced. You can also determine if preventive maintenance is being performed within established standards, both in terms of Read More...
PeopleSoft Annuncio-es Continuation Of Its Shopping Spree
While PeopleSoft has added yet another bit of weight to its applications portfolio with the acquisition of Annuncio, potentially earning thereby the ability to

accountant liability  Annuncio-es Continuation Of Its Shopping Spree Event Summary On January 11, PeopleSoft (NASDAQ: PSFT), one of the leading e-business applications providers, announced that it had entered into a definitive agreement to purchase, for an undisclosed amount, the intellectual property and certain assets of Mountain View, CA-based privately held Annuncio Software Inc. With this purchase, PeopleSoft strives to continue to raise the bar in delivering industry-leading CRM functionality. The acquisition 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

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...
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