Ayah Eca

Become a Profit and Growth Expert Accountants offer valuable services-services every business needs. In fact, businesses are required by law to keep books. So how could you possibly increase the value of your accounting services when they are already extremely valuable? By becoming a Profit and Growth Expert! What is a Profit and Growth Expert? A Profit and Growth Expert uses information from the accounting system to analyze a business’s fiscal standing, sharing that analysis with those who can use it to make more profitable financial decisions. A Profit and Growth Expert is a proactive accountant who realizes that the information he/she generates provides crucial data that can make or break a business. It’s the accountant’s job to share this data with business owners, explaining it in such a way that they both understand what the information indicates and can use it to make important business decisions. Profit and Growth Accounting When you enroll in the Pro...

Introduction All businesses have process flows in which a product is designed or manufactured or in which a service is rendered. An on-going goal is to achieve the maximum possible throughput at the lowest possible cost while meeting all the requirements of the product or service. Inventory Benefits A certain minimum amount of in-process inventory is always necessary. This level is defined by Little's Law: I = R x T where I = inventory, R = flow rate, and T = flow time, all of which are average values. The actual amount of inventory in the process will be greater than the theoretical amount because some inventory always will be in-transit between different locations. Furthermore, the actual levels usually are planned to be even higher. There are four possible reasons that firms intentionally plan excess inventory levels: 1. Economies of scale Quantity discounts offered by suppliers. Fixed ordering costs and fixed setup costs are lower if spread across more units. 2. Productio...