Engaging in the exercise of reviewing and documenting your company's business processes is the first step in learning exactly how work is being performed, where the opportunities for improvement lie and what bottlenecks and inefficiencies exist. Once identified, steps can be taken to develop solutions that will improve existing processes or serve as a guide on how to implement new processes.

Making business decisions without clearly understanding the details of how a process works, can lead to costly mistakes and create inefficient working situations.

This guide will provide you with high-level process steps for Planning and Management Accounting.

Planning and management accounting includes includes process steps for:
•  Perform planning/budgeting/forecasting
•  Perform cost accounting & control
•  Perform cost management
•  Evaluate and manage financial performance

This guide will cover the following topics:
•  An explanation of the hierarchy of process mapping
•  Level 1, 2, 3 process steps in the Planning and Management Accounting process
•  Elements of a process flow diagram

Included with this PowerPoint document you will also receive an Excel process grid that outlines Level 1, 2 and 3 process steps in the Planning and Management Accounting process.

This is one document, part of a Process Map Series. If you would like to understand what Process Mapping is, please purchase Introduction to Process Mapping.

Other documents in this series include:
Introduction to Process Mapping
Order to Cash
Procure to Pay
Planning and Management Accounting
Tax Management
Treasury Management (coming soon)
Fixed Assets (coming soon)
Internal Controls (coming soon)