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What is the relationship of accounting in the management of an organization?
It's a question of resources, isn't it? Management accounting is the evaluation of the organizations' resources, and a complete knowledge of one's resources is necessary for business decisions: planning (identifying goals & objectives), organizing (structuring departmental resources to meet said goals), leading (maintaining morale & managing communication and employee relationships), and controlling (determining measurements of success and developing toward achieving them).
What should the owner of a company do with regard to charges on cashing employee checks?
It's very bad for management - employee relations to charge employees to charge them at all for cashing their paychecks. If the company is a bank, all types of bank services such as checking accounts, savings accounts and check cashing should be free. Also, if the company is a bank, discounted loans for personal loans and mortgage loans will help employees morale and loyalty.
What is the advantage of job rotation according to accounting?
From an accounting point of view, job rotation reduces the probability of embezzelment or other falsification of records because there is a chance that the next person to do that job will find any irregularities from the previous person. From an Accounting Manager's point of view, job rotation results in cross-trained employees leading to less disruption caused by abscences or terminations and could lead to higher employee job satisfaction and morale.
What are the purpose of induction new employees in the organization?
The purpose of induction is to ensure the effective integration of a new employee into the workplace. As well as the usual orientation, a new starter needs to understand the business, where their role sits within the set-up and what's expected of them, as well as being quite clear regarding their terms and conditions of employment. A good induction programme should leave no room for confusion or lack of understanding and should, therefore, induce a feeling of 'belonging'. The employee should then integrate well into the team, have high morale, achieve optimum productivity and therefore be able to work to full potential. In other words - obtain job satisfaction!. Thank you D.D.Rajasekara
Explain any four accounting concepts with examples?
Accounting concepts and conventionsIn drawing up accounting statements, whether they are external "financial accounts" or internally-focused "management accounts", a clear objective has to be that the accounts fairly reflect the true "substance" of the business and the results of its operation.The theory of accounting has, therefore, developed the concept of a "true and fair view". The true and fair view is applied in ensuring and assessing whether accounts do indeed portray accurately the business' activities.To support the application of the "true and fair view", accounting has adopted certain concepts and conventions which help to ensure that accounting information is presented accurately and consistently.Accounting ConventionsThe most commonly encountered convention is the "historical cost convention". This requires transactions to be recorded at the price ruling at the time, and for assets to be valued at their original cost.Under the "historical cost convention", therefore, no account is taken of changing prices in the economy.The other conventions you will encounter in a set of accounts can be summarised as follows:Monetary measurementAccountants do not account for items unless they can be quantified in monetary terms. Items that are not accounted for (unless someone is prepared to pay something for them) include things like workforce skill, morale, market leadership, brand recognition, quality of management etc.Separate EntityThis convention seeks to ensure that private transactions and matters relating to the owners of a business are segregated from transactions that relate to the business.RealisationWith this convention, accounts recognise transactions (and any profits arising from them) at the point of sale or transfer of legal ownership - rather than just when cash actually changes hands. For example, a company that makes a sale to a customer can recognise that sale when the transaction is legal - at the point of contract. The actual payment due from the customer may not arise until several weeks (or months) later - if the customer has been granted some credit terms.MaterialityAn important convention. As we can see from the application of accounting standards and accounting policies, the preparation of accounts involves a high degree of judgement. Where decisions are required about the appropriateness of a particular accounting judgement, the "materiality" convention suggests that this should only be an issue if the judgement is "significant" or "material" to a user of the accounts. The concept of "materiality" is an important issue for auditors of financial accounts.Accounting ConceptsFour important accounting concepts underpin the preparation of any set of accounts:Going ConcernAccountants assume, unless there is evidence to the contrary, that a company is not going broke. This has important implications for the valuation of assets and liabilities.ConsistencyTransactions and valuation methods are treated the same way from year to year, or period to period. Users of accounts can, therefore, make more meaningful comparisons of financial performance from year to year. Where accounting policies are changed, companies are required to disclose this fact and explain the impact of any change.PrudenceProfits are not recognised until a sale has been completed. In addition, a cautious view is taken for future problems and costs of the business (the are "provided for" in the accounts" as soon as their is a reasonable chance that such costs will be incurred in the future.Matching (or "Accruals")Income should be properly "matched" with the expenses of a given accounting period.Key Characteristics of Accounting InformationThere is general agreement that, before it can be regarded as useful in satisfying the needs of various user groups, accounting information should satisfy the following criteria:CriteriaWhat it means for the preparation of accounting informationUnderstandabilityThis implies the expression, with clarity, of accounting information in such a way that it will be understandable to users - who are generally assumed to have a reasonable knowledge of business and economic activitiesRelevanceThis implies that, to be useful, accounting information must assist a user to form, confirm or maybe revise a view - usually in the context of making a decision (e.g. should I invest, should I lend money to this business? Should I work for this business?)ConsistencyThis implies consistent treatment of similar items and application of accounting policiesComparabilityThis implies the ability for users to be able to compare similar companies in the same industry group and to make comparisons of performance over time. Much of the work that goes into setting accounting standards is based around the need for comparability.ReliabilityThis implies that the accounting information that is presented is truthful, accurate, complete (nothing significant missed out) and capable of being verified (e.g. by a potential investor).ObjectivityThis implies that accounting information is prepared and reported in a "neutral" way. In other words, it is not biased towards a particular user group or vested interest
Which form of communication is a vital asset in promoting organizational performance morale teamwork and unity?
Effective communication, particularly open and transparent communication, is a vital asset in promoting organizational performance, morale, teamwork, and unity. It fosters an environment where employees feel valued and heard, leading to increased engagement and collaboration. By encouraging feedback and facilitating clear information sharing, organizations can strengthen relationships, align goals, and enhance overall productivity. Ultimately, strong communication cultivates a positive workplace culture that drives success.
Where can i find SSD 2 ANSWERS?
You can find answers to the SSD 2 course through your unit's training library, on the Army Training Network (ATN) website, or by speaking with your unit's training administrator. Make sure to follow proper procedures to access the answers in a legitimate and ethical manner.
What are the Objectives of building a high morale?
The objectives of building high morale include enhancing employee engagement and productivity, fostering a positive work environment, and reducing turnover rates. High morale encourages teamwork and collaboration, leading to improved performance and innovation. Additionally, it contributes to employee well-being, which can result in better health outcomes and overall job satisfaction. Ultimately, high morale supports the achievement of organizational goals and objectives.
What are the importance of employee attitude?
Employee attitude is important as it directly impacts their job satisfaction, motivation, and overall performance. Positive attitudes can lead to higher productivity, better teamwork, and enhanced customer service. On the other hand, negative attitudes can harm morale, create conflict, and decrease overall organizational effectiveness.
Can environment have effect on secretarial staff performance?
Yes, the organizational environment can completely affect the secretarial staff performance. Staff performance is greatly affected by motivators within the environment. When the culture is tense than morale can be lowered and when it is positive then performance is high.
What is the impact of the change chain on organizational performance?
The change chain can have a significant impact on organizational performance by affecting various aspects such as employee morale, productivity, and overall efficiency. When changes are implemented effectively and communicated clearly, it can lead to improved performance and success for the organization. However, if changes are poorly managed or not well-received by employees, it can result in disruptions and negative consequences for the organization's performance.
How does motivation and morale affect job performance?
Motivation and morale significantly influence job performance by impacting employees' engagement and productivity levels. High motivation often leads to increased effort, creativity, and commitment to tasks, while positive morale fosters a collaborative and supportive work environment. Conversely, low motivation and morale can result in disengagement, reduced productivity, and higher turnover rates, ultimately affecting overall organizational success. Therefore, fostering a motivated and positive workplace culture is essential for enhancing performance.
What are the impacts of communication on employees performance?
Effective communication significantly enhances employee performance by fostering clarity and understanding of roles and expectations. It encourages collaboration and teamwork, leading to improved problem-solving and innovation. Additionally, open communication channels can boost employee morale and engagement, resulting in higher motivation and productivity. Conversely, poor communication can lead to misunderstandings, decreased morale, and ultimately reduced performance.
What is a Organizational strain?
Organizational strain occurs when a company's morale starts to get low. The amount of stress it can cause can reduce productivity.
How does being gay affect military performance and morale?
Study after study has shown that being gay has absolutely no effect on performance and morale.
What is morale and what is it used for?
Morale is the overall mood or attitude of a group or individual, often related to their motivation, enthusiasm, and confidence. It can influence productivity, teamwork, and overall performance in a work or social setting. Maintaining high morale is important for fostering a positive environment and achieving goals effectively.
What are the advantages of industrial relations?
Improved communication between management and employees. Enhanced employee morale and job satisfaction. Reduced likelihood of industrial conflicts and strikes. Increased productivity and organizational performance.
