This information gather is viewed through use of the four financial statements that are made available by accounting departments. The income statement, retained earnings statement, balance sheet and the statement of cash flows are the four financial statements available for users. Each statement is supported by each other and each statement is independent of each other as well. The financial statements have their own purpose but when each statement is available it tells the financial story of a company and shows that accounting is very important and necessary in today’s
Include an abstract. A running head is optional. Analyze reporting requirements for private sector, not-for-profit organizations under Financial Accounting Standard Board guidance. Compare and contrast accounting practices between the two different assignments. ACC 548 Week 5 Learning Team Assignment Reporting Requirements M to purchase http://allmysolution.com/ACC-548_c119.htm Product Description One issue in accounting is the qualifications of an accountant when working for a client.
Submit this document with any required evidence attached. See specifications below for details. Performance objective The candidate will demonstrate the skills and knowledge required to develop a change management strategy. Assessment description Using the scenario information supplied, the candidate will undertake a cost-benefit analysis for high-priority change requirements, undertake a risk analysis, identify barriers, and develop mitigation strategies. The candidate will develop a change management project plan, assign resources and develop a reporting process.
Activity 9 Describe a mechanism for ensuring that operational activities are proceeding according to plan. A Gantt chart is a useful tool for planning and scheduling projects. They are a graphical representation of the duration of tasks against the progression of time. These charts lets you see immediately what should have been achieved at any point in time as required tasks are mapped out to show what action need to be carried out at that time. They may also flag any difficult areas in the progression of the project and assist in gaining support and assistance that may bring the project back on
Part 1: The five phases of behavior assessment are (a) screening and general disposition, (b) defining and generally quantifying problems or desired achievement criteria, (c) pinpointing the target behavior(s) to be treated, (d) monitoring progress and (e) following up (Cooper, Heron & Heward, 2007). Screening and general disposition is used to discover and identify any number of variables that may influence the occurrence of problem behaviors. Defining and generally quantifying problems or desired achievement criteria is when you establish the goal for change and the steps required to achieve it. Pinpointing the target behavior(s) to be treated is when you specifying target behaviors. Monitoring progress is when you work on the procedures needed for reorganization and observation of the changed behavior.
Specific roles will have to be given to individual team members and allocate resources that help goals to be achieved. Afterwards we will need to identify sales target and reporting procedures and expected outcomes. Lastly we will need to let them know the actions they will need to take and how their actions will impact the work of other team members. Performance against the the organization’s quality and delivery standards will involve collecting data that relates to the actual performances of employees and mapping it against the expected performance. It is then possible to determine the extent to which actual performance meets intended performances.
A balance sheet is usually prepared at the end of an accounting period. Internally, a balance sheet helps a business check its liquidity position and the current health of the business. With the use of a balance sheet managers can check the liquidity of an organization. A balance sheet also helps in
COURSE WORK 1- FINANCIAL MANAGEMENT/FINANCIAL ACCOUNTING 1. UNDERSTANDING OF THE DIFFERNCE BETWEEN FINANCIAL ACCOUNTING AND MANAGEMENT ACCOUNTING Financial accounting is focused on generally accepted accounting principles- producing a limited set of financial statements. This includes the balance sheet and the income statements, by which the overall past performance of business can be judged by outsiders. Management accounting deals with information that is not made public and is used for internal decisions making only. These reports are far more detailed than financial accounting reports and can cover performances and activities by departments, teams, products, customers and employees.
| How to Use the Tool?? 1. Establish the Goal: First look at the behaviour you want to change and then structure this change as a goal that you want to achieve make sure Goal is Specific, Measurable, Attainable, Realistic, and Time-bound. 2. Examine the Current Reality: Next
It’s a deliberate, extent, speed and effects of change. On the other hand, controlling is a procedure for measuring performance against objects. Controlling consist in verifying whether everything occurs in conformity with the plan adopted, the instructions issued and principles established. Its object is to point out weaknesses and