Risk Management Strategies for Businesses

Risk Management Strategies for Businesses

Risk management strategies must address multiple scenarios to be effective, since no company can always control external factors like natural disasters and economic shifts. Step one in risk management involves identifying risks through analysis of project and undertaking data, while step two is engaging a wide variety of stakeholders for different perspectives. Avoidance Risk avoidance […]

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A Career in Management Accounting

A Career in Management Accounting

Undergraduates interested in pursuing a career in management accounting should consider taking economics and statistics courses. Coursework in this field focuses on business operations strategies, such as planning, scheduling, inventory management, and quality control. Business law is also covered. In addition to learning the fundamentals of accounting, graduate-level coursework in this field develops critical thinking […]

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Five Key Functions of Managerial Accounting

Five Key Functions of Managerial Accounting

A critical role of managerial accounting is to evaluate costs and profits. The skills required to make good decisions depend on the effectiveness of financial statements. Managerial accounting techniques can identify unusual patterns and underlying problems that can affect a company’s performance. Managerial accounting is a highly effective tool in ensuring good customer relations, and […]

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What to Expect From an SAP Audit

What to Expect From an SAP Audit

SAP on-premise contracts usually include an audit clause and term. These clauses require organizations to measure their SAP consumption on an annual basis to generate revenue and protect IP. The SAP audit process is standard and common among most major software publishers. However, there are some exceptions to this practice. In some cases, random spot […]

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