Finance 10 commandments article review

Article 2 review "The 10 commandments" <Tab/>The 10 costing commandments that are needed to bring the financial department in line are: 1. Thou shalt close the books every 30 days whether you need to or not. Every 30 days the books should be looked at to determine if any changes can be made to help the business run more efficiently. Every month the books should be reviews to see if any changes can be made in …

…to the business? When will accounting be brought in line with the business? Will it take some major catastrophe before they realize they need a new accounting system that has understanding at its core?" Finance need to active in decision-making. Accountants understand numbers very well and can relate it to operations in a company. We need to get accountants more involved in business decisions instead of just keeping books and figuring out the companies taxes.