Describe organisational accounting systems
The following are different types of organisational accounting systems :
1. Managerial Accounting :
This type of accounting provides managers with necessary information for planing and operational control.A managerial accounting is divided into cost accounting and lean accounting. Cost accounting records the cost incurred by the business for various transactions and operations.Lean accounting for process examinations to determine how to reduce cost and eliminate wasting resources while increasing value.
2. Inventory Accounting :
These provide a means to track and plain inventory levels and other activities that are related. Barcode Tracking and RFID are some of the commonly used inventory accounting systems used.
3. Industry Specific accounting :
This refers to a system for a specific industry. Each has their specific requirement suited for their specific industry.
4. Not for profit accounting :
This type of accounting has its unique requirement.This is totally different from normal accounting. it may involve ensuring that finances are channeled to the right direction. This system must be able to generate expenditure reports.
Outline relevant organisational policies, procedures and accounting standards
describe a process or cycle for managing organisational change efectively
1. Describe the principles for accountability and control in Government Accounting Systems.
Outline one way a financial reporting systems can be used to evaluate organisational performance against agreed performance indicators.
The integration of accounting systems can be extensive and can be somewhat intergrated with systems such as Quickbooks for small companies or may be restricted to manual processes in the smallest businesses. Describe some of the value and advantages of having accounting systems integrated with operating systems.
Describe how is machine learning and how does it relate to AI in improving your organisational value chain performance
Identify and describe the pros and cons of the different accounting inventory systems. Think of a business you want to run once you graduate, maybe a grocery store, a restaurant, a car dealership, and so on. Make sure this is a business with merchandise inventories. Identify the types of inventory you would have, and what accounting system would you use, why or why not?
How can information relating to work roles and organisational policies be disseminated? List and describe three methods.
List and describe three different organisational, standards, policies or procedure that community service workers are required to implement in the workplace
List and describe three (3) different organisational standards, policies and procedures relating to the client development status assessment process.