What is Workflow Accounting?

Workflow is an accounting legal term that refers to the examination of the way in which the specific work tasks of a company, or a company division, is done, such that an accounting value is deemed and ascribed to each step in the work process, or to each step in the flow of the work. A workflow model is then constructed and rational decisions are achieved. Workflow accounting is a concept that has allowed many large successful companies to be run by managers with strong accounting backgrounds.