Effective accounting and finance best practices are most likely to succeed if the entire organization is fine-tuned to accept and support them. This calls for sufficient budgeted funds for each best practice, a supportive management team, and an employee reward system specifically constructed to focus attention on best practices success. In addition, a more subtle approach is to adopt a set of policies that assist in best practice implementations, either through specific policy wording or indirectly as the result of [...]
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