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Reconciliation: Playing By Your Own Set of Rules
Every time I cover this topic at a seminar or with a new client, I receive blank stares. In my opinion, reconciliation is a vital step and THE ONLY validating step of ANY effective costing model....
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Top 11 Most Common Costing issues: Issue #7
Failure to Recognize Generally Accepted Accounting Principles and Income Tax Accounting has Nothing to do with Management Reporting One of the main purposes for having a cost accounting system is to...
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Top 11 Most Common Costing issues: Issue #11
Have FAITH in the system! This misstep is one of, if not THE most common that we encounter in our cost forums, with potential new costing jobs, and even our own client base. Although it is primarily...
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Management Accountants: Thinking Outside the Box!
I have been working in a public accounting firm for 21 years. Although I am a CPA, I am also a CMA. When I give my 30 second “about myself spiel”, those who have already heard, know that I never really...
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Reconciliation: Take a Look Around
I had lunch last week with a consulting colleague of mine and she was talking about her experiences which rang true to my own. One of the biggest challenges she sees is that CFOs and controllers do not...
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