Record Keeping: Opening and Closing Record Books

HS.47 : Evaluatin gPlans and Goals (PDF) | (PPT)

As the new year starts, it is important to make management decisions for the upcoming production year and before projecting a new cash-flow statement. Goals from the previous year must be evaluated to determine new goals for the coming year.

MS.50 : Identifying Problems Correctly (PDF) | (PPT)

Inconsistencies in record books must be properly identified and resolved. A key to accurate record keeping is being able to discern problems correctly.