Question: Question 1 (5 points) Measures Process Skillsats Month End Takes > days Technology Information Flow 1. Read the following scenario The accounting team has five

Question 1 (5 points) Measures Process SkillsatsQuestion 1 (5 points) Measures Process SkillsatsQuestion 1 (5 points) Measures Process Skillsats

Question 1 (5 points) Measures Process Skillsats Month End Takes > days Technology Information Flow 1. Read the following scenario The accounting team has five days to perform its month-end activities each month before it submits its report to the CFO. Lately, month-end has been taking longer than 5 days of effort, and many of the accounting team members have been doing a lot of overtime, causing burnout and frustration on the part of staff, while increasing risk that the executives will not get timely and accurate financial information. To analyze the causes of this problem, the team brainstormed 10 possible causes. Now it needs to organize them into categories using a fishbone diagram. 2. Look at the Fishbone diagram image and the items below. Determine which item corresponds to each "bone" of the fish, so that each note belongs to one of the five categories of causes displayed on the fish. (0.5 points each correctly organized cause The accounts payable team does not know how to reconcile the bank statements against the general ledger. 2. Process 3. Skillsets 4. Information Flow The analysis of the cash flows need 6 sign-offs before team can post to the ledger. > The risk analysis team has an aggressive target to keep the amount lost to impaired loans below $10M each year.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!