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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
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
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
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

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

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

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

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

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

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

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

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

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

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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