Broaden Financial Accounting to provide Professional Records Management
Many posts at the Business Change Forum discuss the problems with 20th century accounting and the need for professional records management for 21st Century Management. Rule No. 4 of the Ten Rules for 21 Century Management is: Keep records on the full cycle of cost and value in operations and development.
Today’s enterprise faces many obstacles to professional record capital management provided by R-pM. Financial accounting is often seen as enterprise records management, but maintains a professional view of what it will record, and acts as an administrative function, rather than professional records management. Financial accounting does not record the business, but accounts against a chart of accounts overlaid on the business.
This subject is discussed in an article in the 21st Century Management Magazine, Broaden Financial Accounting to provide Professional Records Management. The article shows how R-pM provides a unique opportunity for the accounting profession to expand to professional records management. Professional facility records management maintains financial and non-financial facility records of the actual business, and provides information capital solutions from records, where needed to produce results at all levels of business management.
This article is important for the future of professional business, financial, cost, or management accountants and anyone in the accounting, auditing, and records management profession. If you are in the industry, read the article carefully and forward it your fellow professionals, for their views.
21st Century Management eliminates 20th century problems
Result-performance Management (R-pM) eliminates the records management problem and other costly 20th century problems. Slash costs, simplify business management, and boost competitive advantage through R-pM, the conventional method for 21st Century Management.
Download your 21st Century Management Manual today
Your 21st Century Management Manual, The R-pM Toolkit, is available today and is under continual development to expand and refine 21st Century Management. Get your R-pM Toolkit, and future updates, at result-performance-management.com.
