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Accounts payable remains the area with the largest concentration of bestpractices, with the total now rising to 40 just in this area. A number of risk man-agement and investor management best practices have also been added to theï¬nance chapter, as well as a smattering of best practices to a half-dozen otherchapters. The result is 292 best practices to assist the reader in creating a moreefï¬cient and effective accounting department. Given the large number of best practices in this book, it would have becomequite difï¬cult to locate speciï¬c items under the structure used in the second edi-tion.
These guides provide structure for the account numbers which are used by community colleges throughout the State of Michigan to record and report financial transactions. The account numbers, as we at MCC use them, are comprised of twelve individual digits.