Page 265 - Accounting Best Practices
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                            Exhibit 13.1 Summary of General Best Practices  General Best Practices
                                            Best Practice               Cost       Install Time
                            Management
                             13–1  Compare performance to peer metrics
                                   on the Internet
                             13–2  Consolidate all accounting functions
                             13–3  Continually review key process cycles
                             13–4  Create a policy and procedure manual
                             13–5  Eliminate all transaction backlogs
                             13–6  Implement process centering
                             13–7  Issue activity calendars to all accounting
                                   positions
                             13–8  Post the policies and procedures manual
                                   on the company intranet site
                             13–9  Sell the shared services center
                            13–10  Switch to an application service provider
                            Reporting
                            13–11  Switch to on-line reporting
                            13–12  Track function measurements
                            13–13  Use Balanced Scorecard reporting
                            Systems
                            13–14  Create a contract terms database
                            13–15  Scan data with modified Palm
                                   computing platform
                            13–16  Scan fingerprints at user workstations

                            Taxation
                            13–17  Create an on-line tax policy listing
                            13–18  Outsource tax form preparation
                            13–19  Pay federal taxes on-line
                            13–20  Reduce tax penalties with Internet-based
                                   penalty modeling
                            13–21  Subscribe to an on-line tax information
                                   service
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