Tuesday, April 28, 2020
Planning Process Paper free essay sample
I will compare the planning process to my current workplace. Followed by what I believe would be more crucial and why I think that. Also, I will briefly go over why I do not believe organizations can over-plan during this process. The Basic: Planning Process Step #1: Situational Analysisââ¬âThis step is where you would typically answer the question, ââ¬Å"Where are we now? â⬠(Amicaall). In my current workplace, the main focus in this step is to be sure that the customer is aware of the customer survey that lucky few may receive. Now, the goal is to be sure the ones who may receive this survey are honest when filling it out with the most accurate information. All surveyââ¬â¢s are read and sent to the dealership the vehicle was serviced, or purchased. Therefore, any concern from the customer will highly be considered. We assure that ever individual that has an opportunity of receiving one of these important surveys is aware when delivering the vehicle after any services. We will write a custom essay sample on Planning Process Paper or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page So that if there is an issue with the service, that they please notify us before filling out the survey this way we are sure the customer is happy with all services. Also, so that the consumer will know how honesty we stand by our word of correcting and listening to their suggestions by making them happy right away. ââ¬Å"Planners should gather, interpret, and summarize all information relevant to the planning issue in question. A through situational analysis studies past events, examines current conditions, and attempts to forecast future trendsâ⬠(Bateman Snell, 2007). By us being sure that are customers are aware of the survey ahead of time, we are more than likely to get a better knowledge of where we may need to focus more on improving or attempting the consumerââ¬â¢s ideas. By doing so, we are more like to achieve reaching our goals. Step #2: Alternative Goals and Plansââ¬âââ¬Å"based on the situational analysis, the planning process should generate alternative goals that may be pursued in the future and the alternative plans that may be used to achieve those goalsâ⬠(Bateman Snell, 2007). A lot of our goals set at work are not just to be sure that all customers are happy but also that they know if thereââ¬â¢s something that has not instantly been put into effect that we are still in the process of doing so. It may be something that takes a little more financial effort as well as time. For example, a lot of customer have mentioned the would like if their vehicle was washed and vacuumed after every service. We state the following to the customer when this is brought to our attention, ââ¬Å"As of now we are relocating to another facility, fortunately we will be in a bigger building that will also have a car wash available. But for now we have washed your windows and vacuumed the vehicle. We look forward to being able to serve you better. Step #3: Goal and Plan Evaluationââ¬âââ¬Å"next, managers will evaluate the advantages, disadvantages, and potential effects of each alternative goal and planâ⬠(Bateman Snell, 2007). This is pretty simple; the goal and plan evaluation is discussed every morning within our manager meetings. Some of the ideas in plans theyââ¬â¢ve discussed in meetings are the following: complimentary snacks, drinks, opening a Starbucks coffee station and mail ing/emailing great coupons, specials off of services, even possibly a parking garage. The managers gather together to see what is best benefiting the customers and if there are any new ideas that may be brought to their attention. One, manager even stated he over heard a customer state to another customer, ââ¬Å"that it wouldnââ¬â¢t be a bad idea if they had wireless internet so that I could continue to work while my vehicle is being serviced, you would think they would be caught up with the technology no days. â⬠If so what they plan on doing to implant them, are they realistic and attainable? While in the meeting theyââ¬â¢ll discuss several ideas and examples of how to keep all eyes and ears open for any future goals and plans. Step #4: Goal and Plan Selectionââ¬âââ¬Å"once managers have assessed the various goals and plans, they will select the one thatââ¬â¢s most appropriate and feasibleâ⬠(Bateman Snell, 2007). After everyone discussing and gathering information from consistent consumers the dealership has decided to select the following as plans for the future; parking garage, complimentary drinks, a Starbucks station that consists of snacks, breakfast and lunch sandwiches up for purchase. Until the Starbucks station has built their customers, we have coupon vouchers so that the customer may have their first Starbuckââ¬â¢s Drinks for free. As all these ideas come out the next step would be to be sure the news letter gets mailed and emailed out to all of our customers and consumers. The newsletters will state all goals and plans that have been selected for our future facility. Step #5: Implementationââ¬âââ¬Å"once managers have selected the goals and plans, they must implement the plans designed to achieve the goalsâ⬠(Bateman Snell, 2007). Well, as of now the dealership has implemented a lot of the planned goals. By this I mean, we now have a Starbucks station filled with snacks and many different beverages. We also have put a refrigerator full of all types of sodas and water all complimentary for all customers and purchaser of Toyota Sales and Service. As for the Parking Garage and Car Wash they are both in the works, we have blue prints showing where the next facility will be built. Step #6: Monitor and Controlââ¬âââ¬Å"although it is sometimes ignore, this step in the formal planning process is essential. Planning works in a cycle; it is an ongoing, repetitive process. (Bateman Snell, 2007). Now, the way the company monitors and tracks all the works in cycle is by asking all customers that look like they have purchased or used the vouchers if they enjoy having Starbucks. All mentioned itââ¬â¢s a great change and they all thanked the company for taking the time to listen to their ideas. The managers noticed that all surveys they were receiving had plenty comments about how the changes really benefit them. A lot commented on the wireless internet how covenant it was to have service performed on their vehicle and it didnââ¬â¢t even seem that they werenââ¬â¢t at work because they could still use their computer and complete work assignments. To management it seemed that they were on the right track, by listening to the customers they could make most of them happy and keep their business. By doing so it seems that theyââ¬â¢re helping to provide a better workplace as well as a great setting for people to achieve personal as well as career goals. In conclusion, an organization can not be very successful if they do not stay within the basic planning process. As Iââ¬â¢ve explained above every step is very important, though one I believe is most crucial and that is Step #! Situational Analysis. The reason why I feel this is most important is because if you analyze a situation incorrectly then you may be headed in the wrong direction as far as improving. The situation may not need any correction or improvement at the time, therefore the situation that needs most improvement may be overlooked. I donââ¬â¢t believe that any organization may over plan because the more effort put into planning the more correction or ideas m ay be created. This will prepare the organization for several different scenarios.
Thursday, March 19, 2020
Bill of Rights and Amendments Essays - James Madison, Free Essays
Bill of Rights and Amendments Essays - James Madison, Free Essays Bill of Rights and Amendments Bill of Rights and Amendments The United States of America is by far the most successful Republic governed country in the world and has managed to survive for over 223 years. What has made the United States such a success is the foundation that the framers created, the United States Constitution. The framers knew that with time the needs of the people would evolve due to changes in society, so regulations in the Constitution would need to be adjusted or expanded for the changing times. The adjustments are called Amendments. Since 1788 only Twenty-Seven Amendments have been ratified and added to the United States Constitution and amazingly enough ten of them known as the Bill of Rights were proposed under the First Congress. As society continues to evolve the Constitution may need to update existing regulations or improvements may need to be made and added to cover issues that were not originally covered in the Constitution such as: abolishment of slavery, the right to vote for all American citizens including women and former slaves, taxes, and right to citizenship just to name a few. Without the admission of amendments the Constitution would be in danger of becoming less relevant to the needs of modern society; for example after the civil war the slaves were free, but where in the constitution did it make it illegal to have slaves? Where did it state that they had a right to vote? It didn?t, that is why the Thirteenth Amendment which abolished slavery was added in 1865, then in 1870 the Fifteenth Amendment was added and in Section 1 reads: The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of race, color, or previous conditi on of servitude. This now declares their freedom and their rights to vote in the Constitution. The framers knew that amendments would need to be added, that is why they are covered in Article V in the Constitution. Amending the Constitution is not an easy or quick process. There are two significant steps in the Amendment process. The first step in the process is the proposal, in which either two-thirds of both of the houses of Congress have to agree and deem it necessary to propose a new amendment or two-thirds of the legislature from the fifty states calls a Constitutional Convention to propose Amendments. Once Amendments have been proposed they will then need to be ratified, this too can happen one of two ways. An amendment can be ratified when three-fourths of the legislature from the states vote in favor of the amendment or Congress can direct a ratifying convention where three-fourths of the convention has to vote in favor of the amendment; all but the twenty-first amendment have been ratified by the state legislatures. The first 10 amendments known as The Bill of Rights are the most important amendments in the Constitution. When the framers were drafting the Constitution their primary focus was establishing a strong and effective federal government, since this was their main focus the Constitution addressed a very limited number of rights for the people. The framers, and notably James Madison, the principal architect, believed that the Constitution protected liberty primarily through its division of powers. ("The Bill Of Rights: Its History And Significance", n.d). This made the Anti-Federalist who opposed the Constitution very uncomfortable; they feared that a large central government would not be any different than being ruled by a monarchy, their liberties were being threatened and they believed that if the framers really cared about their personal liberties and individual rights they would have been covered in the verbiage of the Constitution. Because of the Anti-Federalist concerns and their d isdain for the Constitution the Federalist became concerned about the ratification of the Constitution, due to their concern they agreed to add several amendments known as the Bill of Rights which were written by James Madison. Without the addition of the Bill of Rights the Constitution may not have been ratified. The Bill of Rights are precious and they have become an ethical code for America, because of these 10 amendments, the United States has
Tuesday, March 3, 2020
Verbs Followed by Infinitive
Verbs Followed by Infinitive Many verbs are followed immediately by the infinitive form of the verb. Other verbs are followed by the gerund form of the verb. Finally, other verbs are followed by a noun, noun phrase or pronoun and then the infinitive. All of these verbs follow no specific rules and must be memorized. You can practice your knowledge once youve reviewed this sheet, as well as the other verb pattern reference lists by taking these quizzes: Verb Form - Gerund or Infinitive Quiz 1 Verb Form - Gerund or Infinitive Quiz 2 Gerund or Infinitive? An Interactive Reference Chart and Quiz The following list provides verbs that are immediately followed by the infinitive form of another verb (verb to do). Each verb followed by the infinitive is followed by two example sentences to provide context. affordI cant afford to go on vacation this summer.Can you afford to buy that sweater?agreeI agreed to help him with the problem.Do you think he would agree to take the test again?appearHe appears to think Im crazy!They appear to be available tomorrow.arrangeI arranged to spend the week in New York.Mary arranges to meet everyone each time.askShe asked to do the job.Franklin will ask to be promoted.begShelley begged to be released as soon as possible.The minister begged to donate as much as possible.careDo you care to spend some time with me?Tom doesnt care to ask any more questions.claimconsentWe consented to adopt the measure in the next year.Sherry will consent to marry you. Im sure!dareThose kids wont dare to break into that house.She often dares to break convention.decideIm going to decide to appoint the teacher next week.Mary and Jennifer decided to purchase an old house to fix up.demandThe protesters demanded to see the president about the economy.The client demanded to speak wi th his lawyer before making a statement. deserveI think Jane deserves to get the promotion.Our boss deserves to be fired!expectTom expects to finish the job soon.The students expect to receive their grades before the end of the day.failSusan never fails to mention that she knows the president personally.You shouldnt fail to mail in the form by the end of the week.forget - NOTE: This verb can also be followed by the gerund with a change in meaning.I think Peter forgot to lock the door before he left home.We seldom forget to do our homework, but last week was an exception.hesitateI hesitate to mention this, but dont you think ...Doug hesitated to tell us about his plan.hopeI hope to see you soon!He had hoped to have more success before he lost the election.learnHave you ever learned to speak another language?Our cousins are going to learn to mountain climb on vacation.manageTed managed to get his work done on time.Do you think well manage to persuade Susan to come with us?meanTim certainly meant to finish the job on time.They mean to do business here in town. needMy daughter needs to finish her homework before she can come out and play.They needed to fill out a number of forms in order to purchase the house.offerJason offered to give Tim a hand with his homework.She offers to help students whenever they have a question.planOur class plans to put on a play next semester.Im planning to visit you when Im in New York next month.prepareOur teachers are preparing to give us a test today.The politicians prepared to debate the issues on television.pretendI think he is pretending to be interested in the subject.She pretended to enjoy the meal, even though she didnt think it was good.promiseYes, I promise to marry you!Our coach promised to give us next Friday off if we win the game.refuseThe students refused to quiet down at the assembly.I think you should refuse to do that job.regret - NOTE: This verb can also be followed by the gerund with a change in meaning.I regret to tell you that it is not possible.The officer regretted to inform the citizen s of the horrific facts about the case. remember - NOTE: This verb can also be followed by the gerund with a change in meaning.Did you remember to lock the doors?I hope Frank remembered to telephone Peter about the appointment.seemIt seems to be a beautiful day outside!Did he seem to be nervous?struggleThe boys struggled to understand the concepts presented in the lesson.I sometimes struggle to stay concentrated when Im on the job.swearDo you swear, to tell the truth, the whole truth, and nothing but the truth?Alice swore to help in any way possible.threatenChris threatened to call the police.The owner will threaten to kick you out if you dont stop making noise.volunteerId like to volunteer to judge the competition.Sarah volunteered to take Jim to the piano lesson.waitIm waiting to hear from Tom.She waited to eat until he arrived.wantJack wants to help everyone with the new concepts.The principal wanted to put on a teacher workshop.wishI wish to see you soon.Franklin wished to come and visit last month. More Verb Pattern Reference Lists: Verbs followed by the gerund - Verb Ing Verbs followed by a (pro)noun plus the infinitive - Verb (Pro)Noun Infinitive Verbs followed by the infinitive - Verb Infinitive
Sunday, February 16, 2020
Mehmed the Conqueror Annotated Bibliography Example | Topics and Well Written Essays - 250 words
Mehmed the Conqueror - Annotated Bibliography Example The article talks about early reign, Constantinople conquest, Asia and Europe. Additionally, the author covers administrative actions, personal life and the legacy of mehmed. Babinger focused on the successes of Mehmed that resulted into fear for people of Europe. He has been called as the greatest architect of victories in the history. Career of Mehmed as a conqueror is full of death, murder, battle and perfidy. In this secondary source, Turkish people regard Mehmed as a great conqueror like Ataturk. The author has covered Mehmed historical background which is useful to the research. This is because it will assist in enhancing the authority of the game. Kritovoulos covers the history of Mehmed conquests has been revealed. This is an important because it will assist in covering the imperativeness of Mehmed as a historical figure and his accomplishments. This is a secondary source relates with the conquests of Mehmed and provides description of Mehmed family including his wife, sons and daughters. The source is important because it will help in covering the family history, as well as, enhancing the research. Levy, Avigdor. The Structure of the Jewish Community. In The Jews of Ottoman Empire. Princeton: Darwin Press. 1994, pp. 42-70. Print. Web. 28 October, 2014. In this secondary sources, Mehmedââ¬â¢s ambition of converting the Istanbul into a metropolis and role of Jews in his plan have been discussed. He considered that administration of Jewish people was important for the Ottoman Empire. He brought Jewish culture, language, and customs to Istanbul. This is a secondary source which covers Mehmedââ¬â¢s early days of conquest, he transferred a number of Byzantine buildings into mosques, madrasas and lodges for dervish people. The author also covers the building of the mosque complex in Istanbul to transform
Sunday, February 2, 2020
Macroeconomic Essay Example | Topics and Well Written Essays - 3000 words
Macroeconomic - Essay Example In addition, BBC News Business (2011) asserts that there is a high rate of unemployment in the United Kingdom that requires the government to take comprehensive measures if the situation is to be reversed. The united kingdom government has taken some fiscal and monetary policy measures in an attempt to reverse the economic situation. According to Warrell (2012), the government has reduced its spending by outsourcing security and other services from private firms as one of the chief fiscal policies. However, several stakeholders claim that the government is not doing enough, and the Institute of Directors is calling for further cuts in public spending, and reduced taxation, which is the other approach to fiscal policy (Oââ¬â¢Connor, 2012). In addition to the above mentioned fiscal policies, the United Kingdom government has taken key monetary policy approaches including inflation targeting and quantitative easing. According to BBC News Business (2012a), the central bank lowered the base lending rates in order to encourage banks to lend more to individuals and corporations; however, despite a low base lending rate of 0.5 percent, banks did not increase their lending and the central bank may raise the rates to 0.75 or 1 percent. According to BBC News Business (2012b), the Bank of England decided to use quantitative easing as the other monetary policy approach in order to reverse the economic situation. In early 2009, the bank injected à £75 billion into the economy, which had increased to à £200 billion by the end of that year. In October 2011 and February 2012, the bank added à £75 billion and à £50 billion respectively to bring the total amount injected into the economy using the quantitative easing approach to à £ 325 billion. The United Kingdom reduced its expenditure in an attempt to redeem the national economy and pay of its debts, which is a more preferable approach as compared to the other viable option of increasing taxation.
Saturday, January 25, 2020
Difference Between Role of Treasurer and Controller
Difference Between Role of Treasurer and Controller Difference between Role of treasurer and controller with respect to Financial Corporate Governance Organization Chart of the Financial Management The chief finance executive works directly under the president or the managing director of the company. Besides routine network, the person in charge keeps the Board of Directors informed about all the phases of business activity, including economics, social and political developments affecting the business behavior. He also furnishes information about the financial status of the company by reviewing it from time to time. The chief finance executive may have many officers under him to carry out his function. Broadly his functions are divided into two types: Treasury function Control functions An illustrative organization chart of finance function of management in a big organization is shown below: Organization of the Financial Management Function Role of Treasurer The main role of Treasurer is that he refers to the financial officer and then looks at the task of financing and its related activities. Treasury always deals with liquid assets and so the main role of treasurer is to look at the cash and its other liquid assets. Some important tasks of Treasurer are as follows: He formulate the whole capital structure of the organization in accordance to goals of the organization and then to implement it to the organization. He also manages the amount of liquid assets and all type of cash. He basically acts as a cashier. He plays the role of an authority signatory on payment cheques including the authority to approve such cheques. Reconciliation in bank accounts. He manages the overall credit function of the firm. He also has the authority to utilize the surplus cash of the company whenever there is any type of short term beneficial investments. He also makes the companies policies according to decision on trade discounts and vendor payment. He also maintains relationships with bankers and vendors. All of the above mentioned functions of treasurer are implemented with the help of cash manger, finance manager and credit manager. Role of controller As we have already seen that the treasurer deals with liquid assets, the controller of the organization has to record the transactions of these liquid assets. It is the combined and effective working of both the departments that give rise to an effective system of internal controls. Controller is a financial officer responsible for accounting and control. He does the following functions: Records all the transactions in the general ledger, the accounts receivables and the accounts payables, sub-ledger, transaction with respect to fixed assets such as depreciation, inventory control, etc. He looks into the aspects of taxes and insurance. He also keeps track of companys short term investments by recording and reconciling the transaction with those of the brokerage firms. He carefully looks into the regulatory aspects and implementation of the companys policy on trade discounts and recievables aging. He always acts as the planning director. He keeps a record of the attendance of the employees, their movement timings so as to facilitate in preparing the payroll. He reports information to the management. The office bearer who assists the controller in accomplishing the above tasks is: tax manager, data processing manager, cost accounting manager and accounting manager. Thus the functions of financial accounting, internal audit, taxation, management accountings and control, budget-planning and control are accomplished in this manner. Controllers and Treasurers functions in the Indian Context The controller and the treasurer are essentially American terms. Basically the American pattern of dividing the financial executives functions is not being widely followed in India. We do have a number of copies having officers with the designation of the controller. The controller or the financial controller in India, by and large performs the function of a chief accountant or management accountant. The officer with the title of treasurer can also be found in a few companies in India. The controllership functions can prove to be useful under the Indian context, but presently some of these duties are performed by the company secretary in India. His duties, for example includes asset control and protection, maintaining records and preparing reports and government reporting. The economic appraisal function is generally performed at the top level in India. Some other functions, such as internal audit, can be brought within the fold of the controllership functions, if this concept is developed in the Indian context. It should be realized that the financial controller does not control finances; he or she develops, uses and interpret information- some of which will be financial for management control and planning. For this reason, the financial controller may simply be called as controller. Management of finance or money is a separate and important activity. Traditionally, the accountants have been involved in managing money in India. But the difference in managing money resources should be appreciated. In the American business, the management of finance is treated as a separate activity and is being performed by the treasurer. The title of treasurer has not found favor in India to the extent the controller has. Some of the functions performed by the treasurer in the American context are again discharged by the company secretary in India. Insurance coverage is an example in this regard. The function of maintaining relations with investors may now assume significance in India because of the development in the Indian capital markets and the increasing awareness among investors. The general title, financial manager, seems to more popular in India. This title is also better than the title of treasurer since it conveys the functions involved. The main function of the financial manager in India should be the managements of companys funds. The financial duties may often be combined with others. But the significance of not combining the financial managers duties with others should be realized. The managing of funds- a very valuable resource- is a business activity requiring extraordinary skill on the part of financial manager. He should ensure the optimum use of money under various constraints. He should, therefore be allowed to devote his full energy and time in managing the money resources only. Functions of Treasurer and the Controller CASE STUDY The role of the corporate treasurers has changed from a traditional one of securing funds and managing financial risk to a strategic one of driving overall business initiatives. In this new role, treasures have the prime responsibility of advocating better corporate governance principles in the company, both as a means to improve the shareholder value and to enhance investor confidence. This has become very important because the corporate governance practices of the companies are being placed under heavy scrutiny from the regulators and investors following revelations of corporate malfeasance, deception and fraud. This article discusses the role of the treasurers in building a sound governance structure in the companies. Description The debacle in Satyam Computers Limited, Indias fourth largest software company, has brought the issue of corporate governance in limelight more particularly in India. It is however unfortunate that such important issues gain prominence only after incidents of corporate frauds. The issue of corporate governance was earlier debated when the developments at Enron and WorldCom rocked the world. As India is on a growth trajectory and is having ambitions of being ranked in the counters of the developed economies, the issue of corporate governance only being surfaced after the Satyam scam is a grave concern. We may claim that the Satyam scam is an isolated case in corporate India, but it is more important to see how the rest of world assesses our seriousness towards the ethics of corporate governance. Do we take the ethics of corporate governance seriously and deeply and drift it away from its ornamental value to run an enterprise towards the principal goal for which the corporate governance term was coined? Largely the practice is to decorate the board, which is at the helm of affairs of corporate governance, with people whom the promoters of the company believe will add some ornamental value to the enterprise. Many a times the promoters induct known people onto the board. Having said that companies prefer the decorative value of the board over its usefulness. Thus one can ea sily conclude that the Satyam fiasco is nothing but a true reflection of what routinely and pervasively passes for corporate governance. The role of treasurer is crucial to todays business especially in ensuring that the company has the cash that it needs to operate the business, adequate risk management systems are in place and finally ensuring that the company complies with the various international standards. The treasurer and cash have a consanguineous relationship and the recent fiasco of Satyam Computers reveals a story of siphoning the cash from the companys balance sheet which puts the role of the treasurer or CFO nothing but on dubious distinction. By the mere definition of a treasurer one understands that wherever there is cash in the company, the treasurer has to be present there. Though the Satyam fraud appears to be a systemic fraud by the senior management, nevertheless such frauds can be mitigated to some extent if corporate governance is compiled by the treasurer. In such a scenario it becomes altogether more important for corporate treasurers to revisit the basics of corporate governance and their rol e in inculcating the principles of corporate governance in a company. This article highlights and revisits the role played by the treasurers or CFO in the compliance of corporate governance. Treasurer in Detail The Treasurers role is the second most important function on the Board after that of the Chair. Financial accountability is fundamental to not-for-profit organisations. If your members have no confidence in your ability to control and account for finances, they will have no confidence in the organisation as a whole. The Treasurer may find a reluctance amongst non-financially trained board members to take any responsibility for finance. As a Board or governing committee however, the group as a whole has to share responsibility and decision-making and it will therefore be an important part of the Treasurers role to ensure that others understand the information that is being presented and the implications thereof. It is particularly important that the Treasurer attends meetings regularly in order that others can ask questions and be sure that they have a full understanding of the associations financial position. Purpose To manage and report on the associations finances. Responsibilities To carry out the responsibilities of a member of the Board of Directors. To lead budget planning and preparations. To monitor the budget and inform the Board as to whether projections are turning out as predicted in order that joint decisions can be made on appropriate adjustments. To ensure the Boards financial policies are being followed. To report to the Board of Directors and the general membership on finances. To prepare any required financial reporting forms. To ensure tax regulations are complied with VAT. To manage and maintain bank accounts, ensuring the association is getting the best rate of return for funds held and moving money between accounts as To oversee all financial transactions. To sign cheques (with a second signatory from the Board or staff). To chair finance sub-committee, if one exists. TREASURER WORKING WITH A BOOKKEEPER. Most treasures do not have bookkeeping expertise, and they need not and ideally should not spend their time on day-to-day financial administration. Wherever possible, a suitably experienced/qualified paid (or volunteer) bookkeeper should be responsible for banking, for processing payments, for keeping full and accurate accounts of all receipts and expenditure and for producing financial reports. This leaves the Treasurers time for the more strategic and managerial aspects of the role, in particular budgeting and planning. The Treasurer does however need to monitor the work of the bookkeeper as ultimate responsibility for the accuracy of records lies with his or her role. If your association needs to submit formal annual statements to tax or other government authorities, these may be prepared by your bookkeeper or by external accountants. Requirements will vary in different countries. In the UK, all limited companies must have their final accounts prepared by a chartered accountant. Becoming a Good Treasurer A treasurer does not have to study accounting or business in order to do well at this position. A good treasurer will be characterized by the following traits: 1.Ã Honesty and Integrity:Ã As treasurer you are not given free liberty to do whatever you like. Rather, you are accountable to God, the fellowship and the committee. Therefore, perform your task properly and professionally. 2.Ã Carefulness:Ã This characteristic will help you maintain accurate and up-to-date records. Be careful to record all transactions. Be careful when handling money because ultimately this money belongs to God. 3.Ã Common sense:Ã Common sense is necessary in order to catch errors early. 4.Ã Open books:Ã It is good to maintain an open book policy concerning financial matters. Any member of the fellowship, after consultation with the committee, should be able to see the financial state of the fellowship. This will help build accountability and credibility for the entire fellowship. 5.Ã Watchful eye:Ã The treasurer needs to be vigilant in tracking income and expenses. These amounts should be compared with the current budget. 6.Ã Faithfulness to God:Ã Ultimately, the treasurer brings honor to God by the proper exercise of his/her task. Therefore, view your position of treasurer as a way to show your faithfulness to God. Heres an excellent maxim: Gods work done in Gods time will receive Gods provision. Controller Vs Treasurer While the term Controller is used differently in Sweden than in America, there is reason for a clear explanation of the differences between Controller and Treasurer. The fact that a Controller in Sweden has a broader role than the Controller in America can be explained largely by the function of the treasurer that has those duties overlapping those of the Swedish Controller. In large firms, the financial operations overseen by the CFO will split into two branches, with one headed by the treasurer and the other by the controller. The Controllers responsibility are primarily accounting in nature. Costs accounting as well as budgets and forecast concerning internal consumptions, lies within the area of the Controller. The treasurers responsibility fall into the decision areas most commonly associated with financial management, invest financing and asset management. The organization chart may give you false impression that a clear splits exists between controller and treasurer responsibilities. In a well-functioning firm, information will flow easily back and forth between both branches. In small firms the treasurer and controller functions may be combined into one position with a resulting commingling of activities. Traditionally the role of controller has been that of a number cruncher, computing financial data in order to prepare reports. The assignment associated with the controller role is in no way set in stone, different organizations have different duties attached to the Controller. The final statement where the controller should be seen as a long range developer of executives, hints at a prominent role when it comes to developing human resources within organizations. In order for the controllers department to become developers of accounting and operating executives they have to have an intimate relation to the personnel of the organization.
Friday, January 17, 2020
Importance of sports Essay
The importance of sports in the life of a young student is invaluable and goes much further than the basic answer that ââ¬Å"it keeps kids off the streets.â⬠It does in fact keep kids off the streets, but it also instills lessons that are essential in the life of a student athlete. Sports play a pivotal role in the makeup of a young athlete, especially in the middle school to high school years where student athletes are much more mature and mentally developed. Where else can a young, impressionable youth learn values like discipline, responsibility, self confidence, sacrifice, and accountability? Television, which may be the most influential tool in the lives of young adults, does not show enough of these qualities, nor is it on the Internet, or radio. Rather it is up to the parents, teachers, sports teams, clubs, and after school programs to help mold, develop, and instill these qualities into the lives of student athletes. I believe in order for this to happen, school sports programs must have a few components in place. The first thing they need is a good core of coaches that understand the great responsibility that is placed upon their shoulders to help shape and prepare these student athletes not only in sports, but in their everyday lives. Yes, I did say coaches, because it is a responsibility that lies on the shoulders of more than one person and it is going to take more than one person to help lead these student athletes to success. The second component also involves the coaches: It is the ability to capture the admiration and the trust of the athletes. This is crucial because if you can capture a personââ¬â¢s admiration and trust you can motivate them to perform at a higher level not only in sports, but also in their own lives. If you can get the athletes to believe in you and your philosophies you can begin to see significant changes in grades and behavior. It all starts with coaches that have a plan and methodology behind the principles they are teaching. As I said earlier, there is a great responsibility on the coaches to help young student athletes make a smooth transition into society. The third and I believe the most crucial of all is the support that comes from the community, and administration. This is very important because student athletes need to know they are appreciated and there is no greater way than for the community, booster club, and commissioners/treasurers to show that appreciation than to get involved in youth athletics. In order to accomplish this itââ¬â¢s going to take investment and the most valuable investments areà money and time. The more invested, the better the results. I can attest that there is no greater investment than the future of our young student athletes. When these things are in place, I believe student athletes will benefit and the results will be evident not only on the field, but long after they step off of it.
Subscribe to:
Posts (Atom)