Process analysis, in accounting, refers to the systematic examination and evaluation of business processes to enhance efficiency and effectiveness. This involves identifying, documenting, and assessing each step within a process to optimize resource allocation and improve financial outcomes. The process analysis definition emphasizes its role in cost reduction and performance improvement. By understanding and refining processes, organizations can achieve better financial control and strategic decision-making.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.
