Explains that an efficient and effective accounting system will provide valuable and timely information to people both inside and outside the organization.

To demonstrate the impact of using effective accounting systems in the overall mix of financial or profit levers that can be 'pulled'
 

1. Determining the needs of the accounting system

2. Designing the appropriate accounting reports

3. Assessing report information

4. Control documents and forms

5. Making accounting systems more useful

6. Finding major variances from budget

7. Introducing more detail into reports

8. Introducing effective internal audits

9. Measuring improvements in profit and productivity

10. Using ratio analysis to measure profitability

11. Using analysis ratios to measure stability