Why should organisations collect, file and maintain accurate financial records? To have a record of how the business is running. To determine how the business is sitting financially and to inspire different processes to assist in growing the business. It will also display what money is going where and whether there is any room for alterations in staffing, produce, and marketing. Basically, it is used to anaylse the business as a whole and per section and to determine performance.
Task B Your work role Bi: Employment duration, place of work, hours of work, remuneration, holiday entitlement, public/bank holiday, sickness pay & conditions, disciplinary rules & procedures, disciplinary appeals procedures, grievance procedure, notice of termination to be given by employer, notice of termination to be given by employee, pension & pension scheme and collective agreements. Bii: Name and address, Pay Period, Pay Date, Pay Type, Payment Method Taxable Gross Pay, Income Tax, Employee NIC, Employer NIC, Tax Code, NI Number, Hourly Rate, Total Payment, Total Deductions, Net Pay. Bii: If any change of name or address, I must reported to my employer. Biv: The grievance should be raise verbally to an immediate superior, this should be done in confidence given full detail and sufficient time to consider the facts of the case and where appropriate take remedial action. If the grievance can be resolve satisfactorily by the immediate superior, the matter should be verbally or in writing to the home owner whose decision will be final.
The paper discusses the options of responses to being asked to modify client work papers by the engagement partner. It goes on to also discuss if auditors have a responsibility to assess the quality of the key strategic decisions made by client executives. Keywords: Deloitte Touche Ross, Securities and Exchange Commission, audit work papers, Generally Accepted Auditing Standards, Generally Accepted Accounting Practices. Audit work paper manipulation by Richard Fiedelman of Deloitte Touche Ross in the audit of North Face Inc. When the newly appointed audit partner at DTR, Will Borden, upon reviewing the audit of North Face Inc.’s 1997 financial statements, questioned why the adjustment shown and required by the work papers had not been adjusted in the financial statements, Fiedelman realized his error.
OB is an interdisciplinary field that includes psychology, sociology, economics, political science, management and communications. (Bauer p. 10). The study of Labor or Industrial Relations (LIR) is a subset of organizational behavior topics and is very specialized; however, it can provide insights into the broader view of employer-employee relations in any organization. Wages, benefits, work-life balance issues, workplace conditions, career opportunities, employee development and training programs are just a few of the issues that HR professionals currently manage. As we look forward, the role of HR will be increasingly tasked to prove their worth by improving a company’s financial performance by focusing on activities such as strategic planning, change management, corporate culture transition and development of human capital.
If applicable, make changes to the employee payroll record such as file changes, new employee forms or new hired employee, and timesheets. File changes include: address changes, payroll deduction changes, income tax form changes and voluntary deduction changes. 3. Timesheets Review and Signature Approval. Review the changes that made for accuracy.
= experience check, Educ. = education check, MAE = Marshfield Applicant Examination, RKT = Retail Knowledge Test Pre-Interview Assessments Interview Questions and Administration Competency Measurement The interview process has been redesigned to measure two additional characteristics that have been missing in the Tanglewood external selection process to date: compatibility with Tanglewood culture, and management of diverse workforces. Several questions have been designed to assess whether or not candidates have the attitude necessary to ensure that Tanglewood remains a company that engages its employees and provides outstanding customer service by supporting employee development and providing a comfortable work environment. Additionally, a question has been added to ensure that external hires have the skills necessary to manage diverse workforces not just from a legal perspective, but also a values perspective. Tanglewood management has repeatedly emphasized the desire to increase the level of diversity in its workforce, and it must ensure that external hires are aligned with this goal.
Consider the following: • What kinds of accounting, audit, and tax services does the firm provide? • Who is their target market(s) by industry and company? • Why would prospective clients give serious consideration to have KSM handle their accounting, audit and tax services? 3. Working in an ever changing accounting, audit and tax environment that is driven by change and strict regulatory adherence, how does the managing partner (David Resnick): • Ensure strict employee compliance to federal and state regulation and the company’s high ethical standards?
Recording, Analysing and Using HR Information – (3RAI) Activity 1 Name: Nicola Cottrill Centre: Brooklands College CIPD Membership Number: 4216782X Word Count: 515 Briefing Note for the HR Director: Usage of HR Data I have reviewed the way in which our organisation collects, stores and uses HR data. I have identified two reasons why the organisation needs to collect HR data and types of data that is collects and how it is stored, and I have also outlined the benefits of the storage we use. Why We Keep Records It is important to keep accurate HR records for legislation reasons and internal purpose, mainly being operational information, but it can be used for strategic and tactical areas of reporting. To satisfy legal requirements government departments like the HMRC can ask for information of our employees; how many we employ, pay and history and hours worked going back over a number of years. The Working Time Regulations and the Minimum Wage Act 1998 both require records relating to hours worked and pay.
How do managerial accountants support strategic decisions? Management accounting is a profession that involves partnering in management decisions, arranging planning to performance management systems, and providing expertise in financial reporting and control to assist in the formulation and implementation of an organization's strategy. Managerial accountants look at a variety of events that happen in and around a business while considering the needs of the business. Once completed data and estimates surface, cost accounting brings the estimates and data into knowledge that will eventually be used to guide decision-making. In managerial accounting, managers use the collected information to get better informed before any decisions are made within their organizations.
EXECUTIVE SUMMARY: This report is to review Cookridge Carpets’ Accounting systems and procedures and to identify and recommend improvements particularly in the following areas: * The suitability of current reports meeting its needs; * The effectiveness of its internal controls; * The potential existence of fraud with the organization; * The reliability, speed and cost effectiveness of its working practices; * The use of training to support its staff. 3. METHODOLOGY: The methods used to prepare this report are: * Internet research * Accounting magazines * Advice from project assessor * SWOT analysis * Some theoretical concepts were taken from Kaplan and Osborne books; * Class based handouts