Ads
related to: examples of functional business processes in accounting and finance- Need Financial Help?
Leave The Financial Work To Us.
Hire A Virtual Bookkeeper Today!
- Need Administrative Help?
Hire One Of Our Virtual Assistants.
To Do The Work For You - Contact Us
- Hire A Virtual Workforce
Find Assistants, Bookkeepers & More
Contact Us To Learn More!
- One Next Step Podcast
Start Doing Small Business Big
Learn Practical Tips from Leaders
- Need Financial Help?
Search results
Results From The WOW.Com Content Network
A business process, business method, or business function is a collection of related, structured activities or tasks performed by people or equipment in which a specific sequence produces a service or product (that serves a particular business goal) for a particular customer or customers. Business processes occur at all organizational levels ...
For example, a conventional accounting asset such as goodwill is not an REA resource. There is a separate REA model for each business process in the company. A business process roughly corresponds to a functional department, or a function in Michael Porter's value chain. Examples of business processes would be sales, purchases, conversion or ...
Business process mapping refers to activities involved in defining what a business entity does, who is responsible, to what standard a business process should be completed, and how the success of a business process can be determined. The main purpose behind business process mapping is to assist organizations in becoming more effective.
Record to report or R2R is a Finance and Accounting (F&A) management process which involves collecting, processing and delivering relevant, timely and accurate information used for providing strategic, financial and operational feedback to understand how a business is performing. [1]
Mature IBP processes enable organizations to bring together different elements of planning into a single process. This includes, but is not limited to, the following: Supply and demand; Finance and operations; Functions and business processes; Strategy / Outcomes and business processes; Financial and non-financial measures; Cash flow, costs and ...
Business process re-engineering (launched by Michael Hammer in 1993 [34]): a business management strategy focusing on the analysis and design of workflows and business processes within an organization. BPR seeks to help companies radically restructure their organizations by focusing on the ground-up design of their business processes.