Publisher's Synopsis
Due to environmental changes - maturing markets, technological change, and demanding, price-sensitive customers - companies have turned to performance improvement tools such as total quality management, cycle time reduction, business process engineering, and just-in-time (JIT) inventory management. JIT accounting follows the methodology used in JIT inventory management, namely that all inventories are undesirable and should be eliminated or minimized.;This guide explains how to increase the speed of the accounting function, yet reduce the errors. Controllers and managers of accounting departments will be able to generate reports more quickly, identify and eliminate unnecessary information, and perform accounting functions with less personnel The book explains how to increase the speed and accuracy of the information, and eliminate that which is redundant and unnecessary, and shows how JIT accounting can reduce corporation costs. There are checklists whenever processes must be followed in a specific sequence.
