Classification and coding for accounting operations

Article Abstract:

The classification and coding of data are important steps in processing the accounting and financial information needed to run a business. Classification of data establishes the importance of particular kinds of information, according to a company's needs and long-term goals; coding is the process of translating the classes of information into files that can be routinely accessed. Effective codes are easy to see and understand, and are clear enough to prevent filing mistakes; types of codes that can cause mistakes and difficulty are: lengthy codes; codes that have similar sounds such as the letters B, C, D, G, P, and T or M and N; codes that group letters and numbers together, such as B9W; and codes that do not allow for growth in the size of the file. These observations are part of the research conducted by the National Association of Accountants, research that will be reported on in its forthcoming publication entitled, "Classification and Coding for Accounting Operations."

Management, Reports, Accounting, Information management, Information storage and retrieval systems, Files (Records), Filing systems, Commercial documents

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Decision Support Systems - a new NAA monograph

Article Abstract:

Four New York University graduate students have written Decision Support Systems, a monograph being published by the National Association of Accountants. Research was conducted to determine the state of the art of decision support systems by surveying end users, MIS department heads, chief financial officers, vendors, and decision support group managers at 25 corporations. Survey results indicate that decision support systems offer better analysis, reduced costs, less duplication of effort, more confidentiality, a greater understanding of problems, and a larger quantity of analysis. Use of an easy-to-use, flexible system, support of management, and the development cycle employed are the three factors on which the successful implementation of a system hinges.

Analysis, Decision support systems, Decision Support Systems (Book)

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Presenting accounting information to management

Article Abstract:

The management accountant must be able to effectively and properly present financial data to corporate executives, according to excerpts from the book entitled Presenting Accounting Information to Management, written by Patrick Douglas and Teresa Beed and published by the National Association of Accountants. The management accountant should evaluate the inconsideration and insensitivity of the executive - report user. Usually, accountants are more familiar with what they are presenting than how they are presenting it. The point of the study is to furnish practical help in reporting accounting data to management.

Bibliography, Internal auditing, Managerial accounting, Controllership, column

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