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    Financial Accounting A Complete Guide - 2020 Edition
    Financial Accounting A Complete Guide - 2020 Edition
    Financial Accounting A Complete Guide - 2020 Edition
    Ebook217 pages1 hour

    Financial Accounting A Complete Guide - 2020 Edition

    By Gerardus Blokdyk

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    About this ebook

    Why do you convey urgency? What is the distinction between an operating lease and a capital lease? Does total commitment translate into frontal, all encompassing radical change toward Lean? Who needs to know what in order to have a Lean organization? How much are you going to allow the overriding vision to be changed in this iterative process?

    This valuable Financial Accounting self-assessment will make you the established Financial Accounting domain adviser by revealing just what you need to know to be fluent and ready for any Financial Accounting challenge.

    How do I reduce the effort in the Financial Accounting work to be done to get problems solved? How can I ensure that plans of action include every Financial Accounting task and that every Financial Accounting outcome is in place? How will I save time investigating strategic and tactical options and ensuring Financial Accounting costs are low? How can I deliver tailored Financial Accounting advice instantly with structured going-forward plans?

    There’s no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Financial Accounting essentials are covered, from every angle: the Financial Accounting self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Financial Accounting outcomes are achieved.

    Contains extensive criteria grounded in past and current successful projects and activities by experienced Financial Accounting practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Financial Accounting are maximized with professional results.

    Your purchase includes access details to the Financial Accounting self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book. You will receive the following contents with New and Updated specific criteria:

    - The latest quick edition of the book in PDF

    - The latest complete edition of the book in PDF, which criteria correspond to the criteria in...

    - The Self-Assessment Excel Dashboard

    - Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

    - In-depth and specific Financial Accounting Checklists

    - Project management checklists and templates to assist with implementation

    INCLUDES LIFETIME SELF ASSESSMENT UPDATES

    Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.

    LanguageEnglish
    Publisher5STARCooks
    Release dateJan 19, 2020
    ISBN9781867357803
    Financial Accounting A Complete Guide - 2020 Edition

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      Book preview

      Financial Accounting A Complete Guide - 2020 Edition - Gerardus Blokdyk

      Financial Accounting

      Complete Self-Assessment Guide

      The guidance in this Self-Assessment is based on Financial Accounting best practices and standards in business process architecture, design and quality management. The guidance is also based on the professional judgment of the individual collaborators listed in the Acknowledgments.

      Notice of rights

      You are licensed to use the Self-Assessment contents in your presentations and materials for internal use and customers without asking us - we are here to help.

      All rights reserved for the book itself: this book may not be reproduced or transmitted in any form by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher.

      The information in this book is distributed on an As Is basis without warranty. While every precaution has been taken in the preparation of he book, neither the author nor the publisher shall have any liability to any person or entity with respect to any loss or damage caused or alleged to be caused directly or indirectly by the instructions contained in this book or by the products described in it.

      Trademarks

      Many of the designations used by manufacturers and sellers to distinguish their products are claimed as trademarks. Where those designations appear in this book, and the publisher was aware of a trademark claim, the designations appear as requested by the owner of the trademark. All other product names and services identified throughout this book are used in editorial fashion only and for the benefit of such companies with no intention of infringement of the trademark. No such use, or the use of any trade name, is intended to convey endorsement or other affiliation with this book.

      Copyright © by The Art of Service

      http://theartofservice.com

      [email protected]

      About The Art of Service

      The Art of Service, Business Process Architects since 2000, is dedicated to helping stakeholders achieve excellence.

      Defining, designing, creating, and implementing a process to solve a stakeholders challenge or meet an objective is the most valuable role… In EVERY group, company, organization and department.

      Unless you’re talking a one-time, single-use project, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions.

      Someone capable of asking the right questions and step back and say, ‘What are we really trying to accomplish here? And is there a different way to look at it?’

      With The Art of Service’s Standard Requirements Self-Assessments, we empower people who can do just that — whether their title is marketer, entrepreneur, manager, salesperson, consultant, Business Process Manager, executive assistant, IT Manager, CIO etc... —they are the people who rule the future. They are people who watch the process as it happens, and ask the right questions to make the process work better.

      Contact us when you need any support with this Self-Assessment and any help with templates, blue-prints and examples of standard documents you might need:

      http://theartofservice.com

      [email protected]

      Included Resources - how to access

      Included with your purchase of the book is the Financial Accounting Self-Assessment Spreadsheet Dashboard which contains all questions and Self-Assessment areas and auto-generates insights, graphs, and project RACI planning - all with examples to get you started right away.

      How? Simply send an email to

      [email protected]

      with this books’ title in the subject to get the Financial Accounting Self Assessment Tool right away.

      You will receive the following contents with New and Updated specific criteria:

      •The latest quick edition of the book in PDF

      •The latest complete edition of the book in PDF, which criteria correspond to the criteria in...

      •The Self-Assessment Excel Dashboard, and...

      •Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

      •In-depth specific Checklists covering the topic

      •Project management checklists and templates to assist with implementation

      INCLUDES LIFETIME SELF ASSESSMENT UPDATES

      Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.

      Get it now- you will be glad you did - do it now, before you forget.

      Send an email to [email protected] with this books’ title in the subject to get the Financial Accounting Self Assessment Tool right away.

      Purpose of this Self-Assessment

      This Self-Assessment has been developed to improve understanding of the requirements and elements of Financial Accounting, based on best practices and standards in business process architecture, design and quality management.

      It is designed to allow for a rapid Self-Assessment to determine how closely existing management practices and procedures correspond to the elements of the Self-Assessment.

      The criteria of requirements and elements of Financial Accounting have been rephrased in the format of a Self-Assessment questionnaire, with a seven-criterion scoring system, as explained in this document.

      In this format, even with limited background knowledge of Financial Accounting, a manager can quickly review existing operations to determine how they measure up to the standards. This in turn can serve as the starting point of a ‘gap analysis’ to identify management tools or system elements that might usefully be implemented in the organization to help improve overall performance.

      How to use the Self-Assessment

      On the following pages are a series of questions to identify to what extent your Financial Accounting initiative is complete in comparison to the requirements set in standards.

      To facilitate answering the questions, there is a space in front of each question to enter a score on a scale of ‘1’ to ‘5’.

      1 Strongly Disagree

      2 Disagree

      3 Neutral

      4 Agree

      5 Strongly Agree

      Read the question and rate it with the following in front of mind:

      ‘In my belief,

      the answer to this question is clearly defined’.

      There are two ways in which you can choose to interpret this statement;

      1.how aware are you that the answer to the question is clearly defined

      2.for more in-depth analysis you can choose to gather evidence and confirm the answer to the question. This obviously will take more time, most Self-Assessment users opt for the first way to interpret the question and dig deeper later on based on the outcome of the overall Self-Assessment.

      A score of ‘1’ would mean that the answer is not clear at all, where a ‘5’ would mean the answer is crystal clear and defined. Leave emtpy when the question is not applicable or you don’t want to answer it, you can skip it without affecting your score. Write your score in the space provided.

      After you have responded to all the appropriate statements in each section, compute your average score for that section, using the formula provided, and round to the nearest tenth. Then transfer to the corresponding spoke in the Financial Accounting Scorecard on the second next page of the Self-Assessment.

      Your completed Financial Accounting Scorecard will give you a clear presentation of which Financial Accounting areas need attention.

      Financial Accounting

      Scorecard Example

      Example of how the finalized Scorecard can look like:

      Financial Accounting

      Scorecard

      Your Scores:

      BEGINNING OF THE

      SELF-ASSESSMENT:

      Table of Contents

      About The Art of Service7

      Included Resources - how to access7

      Purpose of this Self-Assessment9

      How to use the Self-Assessment10

      Financial Accounting

      Scorecard Example12

      Financial Accounting

      Scorecard13

      BEGINNING OF THE

      SELF-ASSESSMENT:14

      CRITERION #1: RECOGNIZE15

      CRITERION #2: DEFINE:25

      CRITERION #3: MEASURE:41

      CRITERION #4: ANALYZE:56

      CRITERION #5: IMPROVE:70

      CRITERION #6: CONTROL:86

      CRITERION #7: SUSTAIN:98

      Financial Accounting and Managing Projects, Criteria for Project Managers:131

      1.0 Initiating Process Group: Financial Accounting132

      1.1 Project Charter: Financial Accounting134

      1.2 Stakeholder Register: Financial Accounting136

      1.3 Stakeholder Analysis Matrix: Financial Accounting137

      2.0 Planning Process Group: Financial Accounting139

      2.1 Project Management Plan: Financial Accounting141

      2.2 Scope Management Plan: Financial Accounting143

      2.3 Requirements Management Plan: Financial Accounting145

      2.4 Requirements Documentation: Financial Accounting147

      2.5 Requirements Traceability Matrix: Financial Accounting149

      2.6 Project Scope Statement: Financial Accounting151

      2.7 Assumption and Constraint Log: Financial Accounting154

      2.8 Work Breakdown Structure: Financial Accounting156

      2.9 WBS Dictionary: Financial Accounting158

      2.10 Schedule Management Plan: Financial Accounting161

      2.11 Activity List: Financial Accounting163

      2.12 Activity Attributes: Financial Accounting165

      2.13 Milestone List: Financial Accounting167

      2.14 Network Diagram: Financial Accounting169

      2.15 Activity Resource Requirements: Financial Accounting171

      2.16 Resource Breakdown Structure: Financial Accounting173

      2.17 Activity Duration Estimates: Financial Accounting175

      2.18 Duration Estimating Worksheet: Financial Accounting177

      2.19 Project Schedule: Financial Accounting179

      2.20 Cost Management Plan: Financial Accounting181

      2.21 Activity Cost Estimates: Financial Accounting183

      2.22 Cost Estimating Worksheet: Financial Accounting185

      2.23 Cost Baseline: Financial Accounting187

      2.24 Quality Management Plan: Financial Accounting189

      2.25 Quality Metrics: Financial Accounting191

      2.26 Process Improvement Plan: Financial Accounting193

      2.27 Responsibility Assignment Matrix:

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