- Description
- Specifications
One of the key functions of Practice Development activities and performing the role of Chief Financial Officer for clients will be to encourage clients to segregate their business activities into individual business units so that "meaningful" financial reports and key performance indicators on the activities of those business units can be determined.
This will only happen if appropriate systems are implemented to ensure that the accounting business fully supports the clients in the implementation of a strategy of segregating the business into its component business units.
This paper cover these issues under the following headings:
- Identify Business Units Or Activities
- Intra-Business Sales
- Salaries For Proprietors
- Treatment Of Properties
- Interest
- Allocation Of Direct Costs
- Administration Business Unit
- Business Unit Trading and Profit & Loss Account
- Key Performance Indicators Trading and Profit & Loss Account
- Business Unit Balance Sheet
- Reconciliation of Intra-Company Accounts
- Key Performance Indicators Balance Sheet
- Dissection Into Customers
- Benefits From Management Accounts