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Marketing and accounting-经济学作业代写

2017-03-18 | 来源:51due教员组 | 类别:更多范文

经济学作业代写范文精选:“Marketing and accounting”,本文主要讨论的是论营销和会计之间的联系,作者阐述了营销对企业业务带来的各种好处。会计业务和营销之间有着非常大的关系。营销业务是不应该忽视的,对业务来说很多时候营销是有益的而非有害的。


Link Between Marketing and Accounting


In this paper I will be discussing the link between marketing and accounting as I am a marketing/accounting major. There are many connections between the accounting business and marketing. The marketing business is something that should not be overseen and many times is more helpful and detrimental to a business. 


It is absolutely true that all businesses, including professional service firms, need to distinguish themselves in their marketplace. This is accomplished by creating a compelling message that differentiates the firm from its competitors. Imagine this scenario: You could close an additional $275,000 in revenue in just one day. And on that same day, you could identify over $500,000 worth of additional revenue opportunities. It might take a little planning and some hard work, but it's possible. In fact, Clark Haley, president of San Antonio-based Business Computer Systems, did just that by holding the company's annual user conference. Although Haley feels that all marketing efforts have some value, 'the event that is the most measurably effective is the user conference.' Each client conference costs about $10,000 and demands more than 200 plus man-hours for developing content and planning. However, the firm closes $150,000 in new business from each one.  


Public accounting firms that want to advance to the next level, becoming and remaining profitable, are adopting many of the proven concepts that have worked so well in corporate America. This includes recognizing and embracing the importance of structured, integrated marketing efforts. 


Marketing is critical to the success of every business. Unfortunately, many businesses discount the effect it can have, and they forego their marketing efforts for other activities. Or they make one or more of these mistakes, and their marketing efforts become ineffective. Perhaps this is why nine out of 10 businesses end in failure. 


Effectively communicating the firm's distinctive capabilities, its special skills and hard-to-duplicate expertise, is one of the key roles that accounting marketers play today. In a world of intangibles, marketing can take the firm further than ever before, helping contribute to the firm's growth by reinforcing the brand, position, and image that separates it from the competition. Marketing accomplishes this by creating and implementing a balanced strategy that integrates a variety of tactics like, research capabilities, planning/execution, and working together. Preliminary market research enables today's firms to make informed decisions, helping them assess obstacles, challenges, and opportunities as well as analyzing the firm's personality and culture, goals, strengths, and weaknesses while reviewing the available resources and skills. 


The marketer cannot succeed if working alone. Rather, success is best accomplished when everyone in the firm works together to reinforce the firm's unique selling proposition. Linking marketing to profitability? At times it does sound like a magic trick. If you understand the elements that make up profitability and evaluate how marketing can influence each, it becomes easier to see the direct relationship between the two. Once this connection is understood, you can effectively implement marketing activities that will positively drive the profitability of your firm. According to industry reports, estimated billings for accountants providing payroll services to small business clients can range from $480 to $1,700 per client per year. If you are willing to invest a small amount of time and money into understanding payroll and how to market it as a service to clients, your annual profits could increase exponentially. 


There are four basic concepts that drive profitability in a CPA firm:  

* Chargeable Hours 

* Realization Rates 

* Effective Use of Non-Chargeable Time 

* Cost Control 


Clearly, the more business you bring in through marketing activities, the more chargeable hours you will have.  Having a solid growth plan for future new business also makes it easier to cull unprofitable clients. Every CPA firm has a certain amount of time they know their staff and partners will not be able to charge to clients. But that doesn't mean non-chargeable time has to be unprofitable. If that time is focused on activities such as business development, new product development, or staff development, in the long run it will be profitable. The second way marketing contributes to better use of non-chargeable time is by making the most of proposals. Following a strategic marketing plan helps your firm avoid ad hoc, unfocused, individual marketing activity that wastes both time and money. It will save costs overall if you follow an integrated marketing plan concentrated on the right target market. 


Marketing director Maggy MacPherson, of regional CPA firm Beard Miller Co. LLP, in Pennsylvania and New Jersey, recognized what few firms like to admit - her firm's Web site needs a lot of work. 'The site is not very user-friendly right now,' said MacPherson, who is leading the redesign of a new site that at press time was scheduled for an October 1 launch. 'We'll have a stronger message about the firm, our philosophy, and a new look and feel. It will be graphically interesting, but still simple and easy to use.' 


MacPherson said that the firm updated information in past years to the Web site, but never redesigned the portal, making it hard to locate information and therefore not as helpful to existing or prospective clients as it needed to be. 


Web sites are one of the farthest-reaching marketing tools for CPAs today, and can't be thought of as an added feature any longer, said Tracey Segarra, marketing director for New York City-based Citrin Cooperman & Co. LLP. Without having an online presence, or with an outdated Web site, firms are seen as unprofessional and antiquated. The cost of building and maintaining a Web site is well worth the reward, and does not necessarily mean spending thousands of dollars if the firm finds the right designer. Web sites as marketing tools is not a new concept, but there are still a number of CPA firms that have outdated or unprofessional Web sites, or none at all, said Greg Pearson, president of Williams Web in Chattanooga, Tenn., a Web designer. Added features like marketing materials can be costly, and building a Web site should not be thought of as a small investment, Mac Phers on warned; nor is it a one-time investment. Updates are continuously needed to keep the Web site contemporary and professional, but shopping around for the right designer or marketing company should turn up acceptable costs. 


Training resource clinic has come up with a new Hispanic marketing tool. The powerful marketing tool is designed to assist you in reaching the Hispanic community. There is a major void in education about tax preparation in America for most foreign- born Hispanics. Standard marketing techniques will not work for this consumer even when translated into Spanish. The reason is that this consumer will ignore messages about fast refunds and friendly service if they do not know that they can and should file a tax return. This means that there are large numbers of Hispanic customers who are not filing tax returns due to a lack of information. They produced a Spanish language audio CD about tax preparation in the United States. The CD was made in an entertaining and culturally relevant style with native Spanish speakers. Much of this information is common knowledge for Americans and therefore is simply not included in most standard marketing efforts. For Hispanics, getting the answers to these questions will actually mean the difference in choosing to file a tax return. The pricing for this product is relatively reasonable. The CD comes in a white paper sleeve with space for you to affix a personalized label or stamp: Package of one hundred: $175  


The accounting profession is entering a new era. Marketing is the dimension that will help accounting firms of the future as the importance of branding, cross selling, client service, and niche specialization grows. Linking marketing to profitability isn't magic; it's essential. Marketing influences every element of profitability and implementing these proven strategies will make its impact a positive one. For such examples such as these the opportunities far outweigh the costs in terms of marketing-accounting and event planning. 


Bibliography 


Accounting Technology, May 2005 v21 i4 p14A 

Firm Wide Commitment a Must. 


Accounting Technology, May 2005 v21 i4 p10A 

Ten Marketing Tips to a Profitable Client Payroll Business. 


Network World, May 30, 2005 p35 

Microsoft targets CPAs with application. (certified public accountants, Microsoft Professional Accountants Network) Stacy Cowley. 


The Practical Accountant, May 2004 v37 i5 pSR-22(1) 

Seven secrets to a successful marketing program. (Special Report--Guide to Marketing)(Accounting services methods) Jean Marie Caragher. 


The Practical Accountant, May 2004 v37 i5 pSR-20(2) 

The 4-step marketing plan--simple yet profitable. (Special Report--Guide to Marketing)(Accounting services) Arvid Mostad. 


Accounting Today, Nov 7, 2005 v19 i20 p22A 

Outsourcing Marketing. 


Accounting Today, May 2, 2005 v19 i8 p4A 

Accounting Marketers Play Key Role. 


Accounting Technology, May 2005 v21 i4 p12A 

Linking Marketing to Profitability. 


Accounting Technology, July 2005 v21 i6 p39 

Event Marketing: Bringing Knowledge to Your Customers: Accounting resellers and CPA firms are more aggressively marketing their services to build customer loyalty and attract more business.


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