Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Choose one of the Accounting/Finance Operations roles in Table 2.1 below. How could a BPMN activity model help an accountant better understand that role? After

Choose one of the Accounting/Finance Operations roles in Table 2.1 below. How could a BPMN activity model help an accountant better understand that role?

After your initial post, please respond to two of your peer's posts. Some suggestions include adding additional content or agreeing, disagreeing and including a rationale why. Please be sure all posts are a minimum of 50 words.

image text in transcribed

TABLE 2.1 Roles of the Accounting/Finance Function in Business Stewardship and Reporting Accounting/Finance Operations Regulatory Finance and accounting processes (procure to pay, order to cash, compliance record to report, payroll and treasury) Tax returns Financial close completing period end accounts Stakeholder Financial consolidation, reporting, and analysis Business Management Support Management information assurance Investor relations Providing comprehensive management information Raising capital and People management loans Board reports Using IT to make finance and accounting processes more efficient and effective Statutory reporting Planning, budgeting, and forecasting Performance measurement, reporting, and analysis Performance management Risk management-from strategic to operational, including fraud risk Investment appraisal Cost management 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) Source: Based on Improving Decision Making Organisation: The Opportunity to Trasform Fisse (London: CIMA, 2007), Figure 3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Responsibility

Authors: Tom Cannon

2nd Edition

0273738739, 9780273738732

More Books

Students also viewed these Accounting questions