Closing the books: on-line editing smooths the way
Article Abstract:
US West Communications has developed a corporate accounting transaction processing system that can pre-edit, balance, packet, and monitor all transactions during the time allotted for closing the books at the end of the month. US West cloned parts of the program code dealing with the batch accounting system; modified the cloned pieces of code, and developed them into an on-line, menu-driven system that provides for real-time editing of journal entries. The system has features allowing users to: track accruals; electronically format entries into patterns for the input of recurring entries; and view various transactions on different data bases through a query function. The advantages of the new system include: increased efficiency and productivity; reduced processing and personnel costs; and more accurate financial data.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1989
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Managing off-balance-sheet financing
Article Abstract:
Off-balance-sheet corporate financing can help improve debt-equity ratios, enhance borrowing capacity, and result in deferred payment of taxes. Such financing depends on careful restructuring or dependence on innovative instruments or arrangements, separate entity relationships, or the executory quality of certain transactions when it can be said that actual receipt of services or goods does not happen. Firms are advised to be sure that adequate disclosure of their off-balance-sheet financing activities are made, making certain that financial statements cannot be characterized as being misleading.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1988
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Dow opts for less - and gains
Article Abstract:
At a time when many companies are obtaining increasing amounts of information, Dow Chemical Co. has reduced the frequency of issuing internal financial reports from a monthly to a quarterly basis. The decision was based on a commitment to decrease centralization and bureaucracy in the company and to improve performance. Management is satisfied that by implementing quarterly reporting two years ago that their message regarding bureaucracy was heard and cost savings effected.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1986
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