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Operational Profitability offers CPA firms a unique opportunity to provide valuable new client services, add substantial value to current services, and greatly expand their own revenue base and earnings potential through the use of management audits.
This manual helps CPAs and their clients understand and regulate the health of businesses by systematically identifying areas that affect profitability most and by offering experience-based solutions for improving efficiency in these areas.
Operational Profitability:
- Demonstrates how a thorough and professional management audit gives clients the information they need to remain competitive, increase efficiency, and improve profitability in every area of business
- Provides step-by-step guidance on setting up a management audit, establishing standards for effectiveness, and defining goals and expectations
- Supplies analytical tools for evaluating client operations, financial ratio analysis, the seven causal ratios, the nine secondary ratios that measure effect, cash flow and break-even analysis, capacity analysis, downtime analysis, and more
- Explains how to develop carefully targeted action plans that help clients make needed improvements, including numerous methods for reducing operating costs throughout the company.
Operational Profitability walks you through all the steps of a management audit that will help your clients identify and improve those areas of their businesses that most affect profitability. It explains:
- The basic techniques of the management audit, what it involves, how to set it up, and how to establish a clear set of organisational goals
- How to rethink and rebuild an organisation from the bottom up
- How to use a full range of analytical tools for identifying problem areas throughout the company
- How to assess the way a firm manages inventory, purchasing, production planning, and operations
- How to evaluate and reduce operating costs
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