Accounting and Outsourcing

Business Process Outsourcing: The Competitive Advantage by Rick Click & Thomas Duening

Global competition doesn't just move jobs, it also moves business processes and creates new kinds of business cooperation. For more than a century companies with global reach had to grow into huge enterprises with massive internal infrastructure. With the rise of computer systems, smaller companies learned to share the large mainframes to lower the cost for each business. Specialized providers went into business to offer their systems and expertise so that businesses could focus on their value proposition rather than their information technology.

This outsourcing of non-core operations has expanded to many other kinds of business processes such as human resources and even some aspects of accounting. Some businesses are even creating new value propositions by combining their specialized abilities with those of another company in order for each to have a more powerful offering for their target markets. This is especially true as companies extend their reach around the globe.

Rick Click and Thomas Duening show you how this process works and what you need to do and consider so you can identify which processes you might want to outsource to lower your costs and extend your reach. While this is a practical introduction, it is meant for the general business person having to learn about BPO and having to get up to speed about what has to be done to get it right.

     

Accounting and Outsourcing - Accounting

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Accounting and Outsourcing * Accounting

Quick Guide to Accounting Training   
Kate Leas

Are you considering an accounting education but confused by all the jargon? This is a quick guide to understanding the different specialties associated with accounting careers and the training you will need to be successful.


Business cannot function without people who monitor, evaluate, and synthesize productivity, financial, and resource data. Accounting, or accountancy, is the practice of collecting and measuring data in order to allocate resources. Most often accounting is specific to a business's finances. Auditing is a related field whereby records are reviewed and a conclusion reached; resulting in a recommendation for action; geared to ensure efficiency and to improve performance and ensure adherence to standards and principles. A simple example of the workplace relationship follows: An accountant would enter and keep track of payroll and company expenses. An auditor would review the records kept by the accountant to determine if money and time are being well spent.

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When people think of auditors, the first thought is probably one of an IRS man in a suit with a stern expression coming to make sure you paid your taxes. While this type of auditor exists (not to be feared if you have been a good record keeper) auditors are usually individuals who are hired to evaluate the accuracy of accounts kept by a company. Their analyses help management determine effectiveness and efficiency.


Accounting professionals often deal with time to money ratios. In order to keep track of all these numbers, professionals must be well able to use computers; specifically spreadsheet applications (such as Microsoft Excel).

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Accountants often specialize in one field. Jobs include bookkeeping, tax accounting, cost accounting, accounts payable, accounts receivable, time keeping and payroll.


* Accounts receivable refers to incoming payments.


* Accounts payable refers to debits and outgoing payments.


* Bookkeeping refers to recording transactions and calculations.


* Tax accounting in its simplest form refers to the specialty of preparing tax returns.


* Cost accounting refers to the specialty of accounting that deals with analyzing, tracking, and recording business costs. Cost may be measured not only in money, but in time.


* Time keeping and payroll clerks do just what it sounds like; they keep track of workers' time sheets and payroll.


Training for accounting careers varies. For many jobs a bachelor's degree in accounting is not necessary, though some education or experience is generally required. Accounting training programs often involve computer classes to familiarize students with the applications used in the workplace. Those in the accounting field must be comfortable using spreadsheets and other financial and accounting software (QuickBooks, Microsoft Excel) as well as word processing software such as Microsoft Word. Close attention to detail is essential, as is an aptitude for numbers and order. A high level of trustworthiness and discretion is also essential as much of the information processed is confidential. Office experience and communication skills are also essential in the workplace. Certified Public Accountants (CPAs) must undergo a four-part, two-day exam administered by the American Institute of Certified Public Accountants (AICPA) and are required to complete a minimum of 150 college credit hours (this is 30 hours more than the usual needed to graduate with a bachelor's degree.) The exam is considered to be quite difficult, and many do not pass all four sections at one time. Partial credit is usually awarded as long as the candidate passes at least two sections.


As with any career, an interest in the subject matter is helpful. Someone who hates math should probably not consider an accounting career just as someone who hates English should steer clear of copywriting.


Remember, it never hurts to do a little research and ask questions about programs. School representatives are always happy to help prospective students find out more about their offerings. Accounting careers are diverse and abundant; why not change your future with an accounting education?


Kate Leas is a freelance writer from Kansas City, Missouri. Her current topics include education and the Internet.

What Other Authors say about Accounting and Outsourcing

Tips on Picking the Best Accounting Software - Top 2 Picks by Richard Seng

The doors are finally open. The flashy sign proclaiming, Come On In,... is brightly lit on the front door, and your new business is booming. Life is beautiful, and you can't help but think to yourself....

Accounting outsourcing can shed your workload by michellebarkley

Accounting means handling of accounting tasks and its related stuff with utmost care. It is such department that every business or firms have to make a careful look on this. Accounting is one such department...

Choosing The Best Accounting Schools by Robert Thatcher

Accounting is defined as the measurement of assurance about certain information in the aid of resource allocation for managers and other decision makers. The most popular and most commonly practiced branch...

Find Free Tally Accounting Software by Blake Allen

<p>Running a business without accounting software is nearly impossible. Knowing how to build and grow your business is largely a matter of having the right numbers in front of you whenever you need...

Business Accounting Home Software and Finance Accounts by Terry Cartwright

<p>Knowledge of accounting home software will also help progressing and expanding a home or small business when evaluating the gross calculation of profit and the consequent net income tax liability...

An Introduction to Quicken Software by Bei M.

<p>When you say 'quick' you are commanding a rush and faster action. Thus, when you 'quicken' your computer, it may also mean you are making your financial uses and transactions using the computer...

Business Accounting Programs Whats The Right Choice For Your Business by I Henman

There was a time when small businesses could run their operations with little to no book keeping or accounting practices. But with more and more people leaving their 9 - 5 job and opting to take their...

Accounting Job Search Tips by Jay Bauder

Accounting graduates, have broader choices and specific paths to follow with their careers. Accounting requires a lot of skills when it comes to business and that is why every company has an employee that...

Providing Accounting Nonprofit Software Solutions For Nonprofit Organizations by Wirat Munpan

Beyond accounting software, there is frequent need to computerize fund raising functions at nonprofit organizations. Developer of fund accounting software, nonprofit software, and municipal software. is...

Hiring a small business accounting firm is a good idea by Alvis Brazma

Every business needs an accountant who can keep the financial records intact without any problem. However, the problem arises when a company is unable to decide on whom to rely upon for hiring the accounting...


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Index of Articles about Accounting and Outsourcing

What Other Authors say about Accounting and Outsourcing

Tips on Picking the Best Accounting Software - Top 2 Picks by Richard Seng

The doors are finally open. The flashy sign proclaiming, Come On In,... is brightly lit on the front door, and your new business is booming. Life is beautiful, and you can't help but think to yourself....

Accounting outsourcing can shed your workload by michellebarkley

Accounting means handling of accounting tasks and its related stuff with utmost care. It is such department that every business or firms have to make a careful look on this. Accounting is one such department...

Choosing The Best Accounting Schools by Robert Thatcher

Accounting is defined as the measurement of assurance about certain information in the aid of resource allocation for managers and other decision makers. The most popular and most commonly practiced branch...

Find Free Tally Accounting Software by Blake Allen

<p>Running a business without accounting software is nearly impossible. Knowing how to build and grow your business is largely a matter of having the right numbers in front of you whenever you need...

Business Accounting Home Software and Finance Accounts by Terry Cartwright

<p>Knowledge of accounting home software will also help progressing and expanding a home or small business when evaluating the gross calculation of profit and the consequent net income tax liability...

An Introduction to Quicken Software by Bei M.

<p>When you say 'quick' you are commanding a rush and faster action. Thus, when you 'quicken' your computer, it may also mean you are making your financial uses and transactions using the computer...

Business Accounting Programs Whats The Right Choice For Your Business by I Henman

There was a time when small businesses could run their operations with little to no book keeping or accounting practices. But with more and more people leaving their 9 - 5 job and opting to take their...

Accounting Job Search Tips by Jay Bauder

Accounting graduates, have broader choices and specific paths to follow with their careers. Accounting requires a lot of skills when it comes to business and that is why every company has an employee that...

Providing Accounting Nonprofit Software Solutions For Nonprofit Organizations by Wirat Munpan

Beyond accounting software, there is frequent need to computerize fund raising functions at nonprofit organizations. Developer of fund accounting software, nonprofit software, and municipal software. is...

Hiring a small business accounting firm is a good idea by Alvis Brazma

Every business needs an accountant who can keep the financial records intact without any problem. However, the problem arises when a company is unable to decide on whom to rely upon for hiring the accounting...