Let's see your job description

Article Abstract:

Most managerial accountants and managing directors in British corporations do not have job descriptions. A suggested approach to writing a job description for these positions includes possible descriptions of duties relative to marketing, financial responsibilities, production and product development, monthly reporting duties, purchasing activities, personnel management, legal responsibilities, and planning duties. Approximately 44 job duties are described that may apply to the accountant in private industry. Accountants whose positions have not been documented with formal written descriptions are urged to prepare them.

Management, Managerial accounting, Job descriptions

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Who's in charge of PCF?

Article Abstract:

Maintaining a positive cash flow is the most important money function for business enterprises, followed closely by operating profitably and maintaining adequate fixed assets. These three items are essential to business longevity. Without a positive cash flow, profits cannot be maintained over the long term. Consequently, corporations should be careful not to pay their bills quicker than their cash receipts allow. Aligning a business's average week's credit with its average week's receipts is explained, by example. Proper balancing of receipts and payments will promote positive cash flow.

Cash management, Cash flow, Great Britain

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Let's increase the bottom line

Article Abstract:

Of the three methods available to companies to improve their profits (raising prices, increasing sales or cutting costs), cost cutting is the best since the results of this effort drop directly to the company's bottom line. It is also demonstrated that a 1 percent cost reduction, combined with a i percent price hike and a 1 percent increase in sales, can improve a corporation's profitability by 48 percent.

Economic aspects, Services, Profit, Profits, Corporations

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