How Business Processes Impact Accounting

In this MasterClass webinar, we discuss how business processes impact Accounting.  This includes functional Operations areas outside the Accounting Department such as Service and Purchasing.

This webinar was recorded on December 11, 2024.  View or download slide deck here

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Agenda:

1. Introduction / Recap | 02:56
   1. Discussion between Joel Harris and Tofiq Indawala
   2. Accounting isn’t a silo – how can other departments minimize Accounting headaches at Month End?
   3. Recap of March 2023 MasterClass: Month-End Reconciliation
2. Accounting | 07:55
   1. Definition and Purpose
   2. Cost Accounting and Revenue Recognition | 13:19
   3. GL Accounts |28:56
3. Poll 1 | What does your Month End Reconciliation process look like?
4. Month End Starting Point | 33:08
5. Operations Processes | 34:47
   1. PO Receiving
   2. Picking / Shipping Equipment
   3. Cost Updates
   4. Change Order Management
   5. Physical Inventory Count
   6. Queues
   7. Time Bill Posting
   8. Additional Suggestions
6. Reports and Dashboards | 43:24
7. Summary | 44:05
8. Q & A | 47:00
9. Poll | Would you like to be contacted regarding further Accounting consulting?
10. Wrap Up and References | 54:13

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Prefer to view or download this MasterClass slide deck?

Interested in learning more?

• Report III: Q360 Month End Reconciliation – a Financial Integrity Tool (March 2023)