Controllers on the firing line

Article Abstract:

The effectiveness of controllers' performances should be measured and evaluated to ensure that they respond to the needs and expectations of management. The basis of evaluation should be to use attributes and performance indicator checklists evaluating all areas of controllers' performances including general accounting, purchasing and accounts payable, and personnel and payroll. The evaluation of general accounting should include analysis of: categorization of data; data accumulation and storage; and journal entry processing. The evaluation of purchasing and accounts payable should include analysis of: requisitioning; vendor selection analysis; and purchase order processing. The evaluation of personnel and payroll should include analysis of: recruiting practices; job application processing; and appointment, promotion, transfer, and termination procedures.

Methods, Analysis, Managerial accounting, Controllers (Persons), Controllers (Accounting)

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Multitrak

Article Abstract:

Mead Data Central Inc was able to perform time reporting and project accounting through its application of the Multitrak Enterprise-wide Work Management System. Developed by Multitrak Software Development Corp, Multitrak is employed to automate particular company-wide methodologies for developing products and applications that support Mead Data's operations. The electronic publishing company has made its data collection and summarization of information for reporting less complicated by filing every information on its projects and resources in a central database and standardizing work methods. More specifically, Mead Data Central employs Multitrak to identify development expenses on marketable systems in order to meet accounting standards specifications.

Evaluation, Database management systems, DBMS software, Management information systems, Multitrak (Data center management software)

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