Choose one of the Accounting/Finance Operations roles in Table 2.1. How could a BPMN activity model help
Question:
TABLE 2.1 Roles of the Accounting/Finance Function in Business
Transcribed Image Text:
Business Management Support Stewardship and Reporting Accounting/Finance Operations Regulatory compliance Finance and accounting processes Management information (procure to pay, order to cash, record to report, payroll and treasury) Financial close-completing Tax returns Planning, budgeting, and forecasting period-end accounts Financial consolidation, reporting, and analysis Performance measurement, reporting, Stakeholder and analysis assurance Investor Providing comprehensive management information Performance management relations Raising capital People management Risk management-from strategic to operational, including fraud risk and loans Board reports Using IT to make finance and accounting processes more efficient Investment appraisal and effective Statutory Cost management reporting Supply chain management Value-based management Project management Change management Capital structure and dividend policy Strategic planning Professional expertise (e.g., merger and acquisition or tax)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
Managing regulatory compliance would involve collection and maintenance of a wid...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Accounting Information Systems
ISBN: 978-1260153156
2nd edition
Authors: Vernon Richardson, Chengyee Chang, Rod Smith
Question Posted:
Students also viewed these Business questions
-
With your group members, role-play a series of interviews with various system users at Maverick Transport. Each member of your group should choose one of the following roles: company president,...
-
Choose one of the following contingency theories: 1) Houses Path Goal Theory (1971) 2) Hersey and Blanchards Situational Leadership Theory (1977) 3) Kerr and Jermiers Leadership Substitute Ideas...
-
Choose one of the following services and explain, using specific examples, how each of the ways that services differ from manufactured goods apply. a. A family practice medical office b. A fire...
-
Given a circularly linked list L containing an even number of nodes, describe how to split L into two circularly linked lists of half the size.
-
If the total cost function for a product is C(x) = 300+10x+0.03x2 dollars, producing how many units, x, will result in a minimum average cost per unit? Find the minimum average cost.
-
Sandy Lands Ltd carries an item of inventory in respect of which the following data apply: Fixed cost of ordering per batch 10 Expected steady quarterly volume of sales 3125 unit Cost of holding one...
-
Let x represent the weight of a students school bag. Determine whether the random variable x is discrete or continuous. Explain.
-
Snells is a retail department store. The following cost-volume relationships were used in developing a flexible budget for the company for the current year: Management expected to attain a sales...
-
howyou would suggest Armenia to reform their financial policies (banking system, allow/do not allow certain types of foreign investment/aid). use the Trading Economics. "Armenia Current Account" and...
-
Bravo Bags is a luggage retailer that operates out of a shopping mall. As required by the landlord, Bravo Bags has hired Brad Pope, CPA, to provide a report to the landlord as to whether Bravo Bags...
-
Compare BPMN activity diagrams with flowcharts and DFDs. What is different? What is the same? When would one notation be better or worse than another?
-
Do you think that your accounting education has prepared you for all roles of an accountant in business (see Table 2.1)? Which roles do you feel best prepared for? Which roles do you feel least...
-
Consider the statement If your interview goes well, then you will be offered the job. If you are interviewed and then offered the job, can you conclude that your interview went well? Explain.
-
In a civil engineering student's point of view, what are the contribution of transportation engineering in our country and what are the benefits of learning transportation engineering. Discuss...
-
What are the 3 key areas of human resources planning ?
-
Discusses the uses of financial statements as an investor. Discusses the uses of financial statements as an internal manager. Discusses the useless of financial statements as a potential employee....
-
What role do HR strategies play in the overall business strategy of an organization?
-
A particle executes linear SHM with frequency 0.31 Hz about the point x =0. At t = 0, it has displacement x = 0.46 cm and zero velocity. For the motion, determine the (a) period, (b) angular...
-
The Taylors have recorded their weekly grocery expenses for the past 12 weeks and determined that the mean weekly expense was $85.20. Later Mrs. Taylor discovered that 1 weeks expense of $74 was...
-
Consider the sections of two circuits illustrated above. Select True or False for all statements.After connecting a and b to a battery, the voltage across R1 always equals the voltage across R2.Rcd...
-
What classes and associations would be included in a model that describes the information needed for a query that calculates the accounts receivable balance for each customer? Describe differences in...
-
From your experience, think about the sales process for an online or brick-and-mortar store. Describe some business rules that help provide internal controls over that process?
-
Move to a new worksheet. Be sure that you have activated the Power Pivot add-in. Select POWER PIVOT > Manage to open the Power Pivot screen. Move to the Power Pivot for Excel screen. Select HOME >...
-
What are the 2 main dimensions of an organizational culture we must consider when we initiate a lean deployment? Briefly explain each dimension
-
Mianzi, or face, is an important concept in Chinese negotiations and the wider environment of Chinese business culture. What does this concept mean?
-
Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn's house. At the end of the current period, Emma looks over her inventory and finds that she has 1,400 units...
Study smarter with the SolutionInn App