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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Process Accounting?
What is Process Accounting?  

What is Process Accounting?



 
 

Process Accounting refers to a series of activities to record and regulate any process-related events occurring within an organization. It is a management approach that aims to register, control, analyze and report business processes in order to adapt those processes to current operational environment and ensure that every process works in the way the organization requires.

 The focus of the process accounting approach is put on defining and analyzing process costs. Such an approach offers the following steps in process cost evaluation:

  • Identify and record processes currently running in the operational environment
  • Define inputs and necessary resources per running process
  • Estimate process delivery time
  • Calculate individual costs involved in delivering every single process
  • Sum up all individual costs to figure out total costs involved in delivering all process

 Calculations of individual and total costs help organizations to estimate and count all types of resources required to perform business processes and activities. Process accounting contributes to overall process effectiveness.

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