Many accounting and accounting-related professionals are skilled in financial analysis, but most are not skilled in manufacturing. This is especially the case for process manufacturing environments...

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Many accounting and accounting-related professionals are skilled in financial analysis, but most are not skilled in manufacturing. This is especially the case for process manufacturing environments (for example, a bottling plant or chemical factory). To provide professional accounting and financial services, one must understand the industry, product, and processes. We have an ethical responsibility to develop this understanding before offering services to clients in these areas.

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Write a one-page action plan, in memorandum format, discussing how you would obtain an understanding of key business processes of a company that hires you to provide financial services. The memorandum should specify an industry, a product, and one selected process and should draw on at least one reference, such as a professional journal or industry magazine.

Answered Same DayDec 22, 2021

Answer To: Many accounting and accounting-related professionals are skilled in financial analysis, but most are...

David answered on Dec 22 2021

131 Votes

Memorandum
The business sway examination is the essential information to the business progression

arrangement. In any case, before doing this, you have to add to a rundown which positions the
key business methods of your business, that is, the courses of action that are vital to the
conveyance of yields and attaining to business objectives.
This errand is best attempted with an organized methodology and basically obliges you to:
 build key business forms;
 Rank key business forms
 Map exercises embraced inside every methodology; and
 Match assets to exercises
 Create key business forms
As specified beforehand, it is critical that the individual adding to the business congruity
arrangement has full and clear comprehension of your business' targets and key procedures.
Your strategy for success is an extraordinary reference as it ought to as of now detail your
business goals...

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Many accounting and accounting-related professionals are skilled in financial analysis, but most are not skilled in manufacturing. This is especially the case for process manufacturing environments...

Answer To: Many accounting and accounting-related professionals are skilled in financial analysis, but most are...

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