- NY Credits : 2.0
- TX Credits : 2.0
Analyzing Today's Business Operations - Analyzing the Accounting Function
Many businesses have seen the value of controlling the sales function and related cost controls to support their goals as well as their aims for business growth and increased profitability. However, there is still one area of costs that must also be considered, the area of functional operations where costs cannot be directly assigned to products or services (such as accounting, human resources, information technology (IT), and overall business management and administration). A dollar of cost savings or a dollar not spent is a dollar that goes directly to the bottom line; therefore, if the business can accomplish its goals with fewer resources allocated to one of these functional areas, the resources saved remain with the business. Remember, the financial statements and the bottom line do not know where the dollar of savings comes from: a dollar of functional cost savings is just as good as a dollar of product or service cost savings.
This course is most beneficial to professionals new to analyzing accounting functions, who may be at the staff or entry level in an organization but also for a seasoned professional with limited exposure to this area.
Upon successful completion of this course, the user should be able to:
discuss the operational analysis basics and theory relative to the accounting functions and activities,
explain the analytical process relative to the specific business operations of the accounting function,
define the process of reviewing internal operations directed towards identifying areas for improvement and the reduction and elimination of non-value-added activities,
compare similar operations related to the performance of accounting activities to become the best you can,
develop an internal operational analysis program as a program for continuous improvements to reduce and eliminate unnecessary functions and activities, and
explain how to evaluate the effectiveness of operations.