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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.
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
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