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Accounting Best Practices, Fifth Edition by Steven M. Bragg Englewood, Colorado

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Work Management

12–13Assign closing responsibilities
12–14Compress billing activities
12–15Conduct transaction training
12–16Continually review wait times
12–17Convert serial activities to parallel ones
12–18Create a closing schedule
12–19Document the process
12–20Restrict the use of journal entries
12–21Train the staff in closing procedures
12–22Use cycle counting to avoid month-end counts
12–23Use internal audits to locate transaction problems in advance
12–24Use standard journal entry forms

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