Accounting Department Organizational Chart
Accounting Department Flow Chart
Consulting firms can operate using various organizational structures. The most effective organizational structure for a consulting firm depends on human resources, organizational capability and profitability. Larger consulting firms which are established in the industry can have executive officers, mid-level managers and specialized departments.
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Smaller firms can consist of a lead or general partner with a pool of consultants present, working full-time. The organization's mission statement and strategic plan defines the structure of a consulting firm.
Accounting Department Structure in Brief. Accounting, which has been called the 'language of business', measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. A Finance Department manages a firm's long-term and day-to-day monetary operations and strategy. Finance groups oversee incoming and outgoing payments, budget creation, cash management (treasury), accounting, financial reporting and many other tasks related to the finances of the company. Organizational structure is the set of rules used to delineate how tasks are controlled within an organization. These rules state the reporting relationships between positions, as well as how work is delegated and controlled. The type of structure adopted by an organization can be stated graphically.
Organizational structure for a consulting firm depends on resources and personnel groupings. Most consulting firms adopt a tier-based organizational structure. Large firms have a two-tier structure base with executives, key managers and administrative services occupying the first tier. The second tier consists of senior, junior and apprentice consultants hired by the firm. Smaller firms consist of a one-level tier configuration with a lead partner at the top who is responsible for executive management of the firm.
Directly under the lead partner is the senior, junior and apprentice consultants with other processes such as administration, project management and finance. Executive Management. Most consulting firms have a contract management division or contract management specialist. The contract management specialist creates, arranges and reviews consulting contracts and provides compliance reviews of all contracts established by the firm.
In a large consulting firm organizational structure, the contract specialist is an adjunct to executive management while providing legal advice to consultants according to established business law practices. In smaller firms, an outside lawyer might be responsible for contract management.