The efficiency ratio is a quick and easy measure of a bank's ability to turn resources into revenue.The lower the ratio, the better (50% is generally regarded as the maximum optimal ratio). An increase in the efficiency ratio indicates either increasing costs or decreasing revenues.. It is important to note that different business models can generate different efficiency ratios for banks with
May 26, 2015Ways to Improve Efficiency of the Finance and Accounting Department. Delivering a core function that lies at the heart of the company, the finance and accounts department always has to be efficient, not just for the sake of streamlining business operations, but also for other objectives, such as meeting regulatory standards and building external goodwill.
Jul 31, 201710 Steps To Effective Restaurant Accounting. Home ; Business Growth Management, Productivity; You got into the restaurant business because you love food and you want to make people happy with that food. Its a noble pursuit and one that seems relatively simple on the surface make food, serve it to people. But underneath that simple premise
In todays world, accounting departments run lean. Asked to do more with less, accountants are being pushed to the max. Since adding staff is usually not an option, here are seven ways to lighten accountings workload. Conduct process walk throughs. Meet with process owners and gain an understanding of how their
Financial ratios are relationships between one or more financial statement items. They are used by stock analysts and investors to compare companies within an industry sector, and by company management to identify internal strengths and weaknesses. The financial ratios for efficiency and effectiveness assess a company's operations and
Mar 10, 2014Efficiency. We all want it in the workplace. And theres no area where efficiency is more important than in accounting. Here are eight suggestions for making the accounting function at your organization more efficient without spending a bucketful of money.
May 05, 2014Types of Efficiency Ratios. Now, lets have a look and learn about various efficiency ratios, which are used to compare how efficiently youre employing your assets and controlling your debts. 1. Accounts Receivable Turnover. The accounts receivable turnover is used to measure the efficiency of your companys credit policies.