Best Practices Article Archives - Page 13
The Case for Updating Your Policies and Procedures Manual
When corporate leaders consider updating their policies and procedures manuals, it may seem that the reasons for delaying the project outnumber the pages in the document. Making changes to the manual is time-consuming. Policies and procedures in the organization may be so siloed that maintaining a manual becomes a challenge. And by the time the ink dries on the newest edition of the document, a new law or regulation may be enacted that requires ...
Read MoreHow to Make a Professional Apology
Professional apologies are necessary—and sometimes complicated. It happens to everyone sooner or later. You forget to return an email. You snap at a co-worker. You are rude to a client. Someday you'll do something that affects a business relationship, and your response could impact your career or your firm. The question is, what will you do about it when the time comes? The most important action is generally to swallow your ...
Read MoreEight Practices That Help Prevent Fraud in Your Agribusiness
Agribusinesses that become victims of employee fraud tend to place unrestricted trust in those they shouldn’t — including the credentialed controller or CFO they hired to help run their business. In fact, sometimes the individual who commits fraud is a long-term employee in a finance role. These individuals have the capability of doing the most damage, so it is important to use financial and operational protocols that remove ...
Read MoreBest Practices: 10 Lessons Learned in Implementing New Rev Rec Guidance
The rules governing revenue recognition for public and private companies worldwide are changing dramatically starting Jan. 1, 2018. And several recent surveys show that most companies are unprepared. If you have not yet completed your implementation of the new standard — either ASC 606 or IFRS 15 — the following 10 lessons we have learned may help you get a jump start and utilize best practices that RGP, a finance and ...
Read MoreBest Practices: 10 Competencies of Top Staff Accountants
Distinguishing yourself as a top staff accountant can lead to many rewards: more responsibilities, higher job satisfaction, promotions, and higher pay. But making your mark involves more than debits and credits. Here are 10 qualities that top staff accountants must master to set themselves apart. Accuracy. Details matter, and there is no room for error in accounting. Staff accountants must become experts at self-review by coming back to their ...
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