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===Welcome!=== | ===Welcome!=== | ||
| − | We are looking for volunteers to start this framework. We have lots of ideas but need experts like you to get started. [[Contact|Contact us]] | + | We are looking for volunteers to start this framework. We have lots of ideas but need experts like you to get started. [[Contact|Contact us]] |
| + | ===Processes=== | ||
| + | We recognize 4 types of financial & accounting processes: | ||
| + | * Recording transactions - These are mostly transacted following business activities: e.g. generating an invoice resulting in a financial booking in accounts receivables. | ||
| + | * Recording journal entries for accounting purposes - These are driven by consolidation and closing activities: E.g. Monthly valuation of stocks. | ||
| + | * Reporting - the consolidation of financial information for the purpose of financial analysis and management reporting | ||
| + | * Auditing - the validating of accuracy of information for the purpose of error correction and fraud prevention. | ||
| + | Additionally we recognize the need for financial planning: | ||
| + | * Budgetting | ||
| + | * Cashflow planning | ||
| + | Please add further process groupings or add definition to the existing | ||
We are looking for volunteers to start this framework. We have lots of ideas but need experts like you to get started. Contact us
We recognize 4 types of financial & accounting processes:
Additionally we recognize the need for financial planning:
Please add further process groupings or add definition to the existing