Early in my career, I learned sometimes one must get uncomfortable to get comfortable and sometimes very uncomfortable to get a little comfortable. Ironically, this is one of those times. I was newly appointed to be the accounting manager for the Houston division in late 2009. Furthermore, I was responsible for maintaining accurate accounting records as well as developing financial indicators for the region. Although the previous accounting manager had left the organization a couple of years back, the position was never filled. Instead, the branch manager held the position as the interim while still performing his other duties. Also, there was a managing director who held double duties as the branch manager and managing director too. My …show more content…
His response didn’t sit well with me, so I decided to investigate further to make sure I was not overlooking anything. Unfortunately, I was right, the more I started asking my staff about those practices, the less confident I became of the financials. It was evident there was no paper trail from the branch manager ever asking the accounting department to accrue the expenses. He did the opposite, he asked them personally, and in returned they were given overtime. Nevertheless, I wanted to change that culture right away. I started by explaining to the team how accounting rules work. Also, the importance of proper record retention. But I had to be careful not raise concerns with the branch manager, as I found out he was kept abreast of everything that I did. From now on I instructed the team that they would need in writing all requests to accrued or re-accrued the expenses, and based on the dollar amount, an explanation when those accruals will be released. I wanted to be in the front-end of the situation, as the new process that I put in place will raise questions about the P&L once those expenses realized. Without delay, I went to the office of the managing director to let him know what I had instructed the team. And to be aware that the P&L will be affected because of old accruals without resolutions would reduce the margins for the month. The meeting didn 't go well for me. He told me that I should have advised him of my
Accounting is the methodical and full recording of financial transactions relating to a business, and it also denotes to the procedure of briefing, examining and evaluating these transactions to cross checking agencies and tax collection agencies. Accounting is one of the key purposes for nearly any company. It may be done by an auditor and accountant at small businesses or by substantial finance subdivisions with lots of employee’s at
Peyton Approved accounting cycle comprises of the following steps– transactions, journal entries, posting, trial balance and worksheet, adjusting journal entries, financial statements and closing of the books (Tarver, E, 2106). As a new company up and coming we have to make sure our payables, receivables, bank recs and all sales have been noted. Also making sure that wages or expenses that are accrued are recorded. We have found that these steps are instrumental as a company when it’s time to prepare our
Hilton, R. (2011). Managerial accounting: Creating value in a dynamic business environment (9th Ed.). McGraw-Hill. Hardcover ISBN: 9780073526928.
Located in the Housing Helpers’ corporate offices in Houston, Texas, the Director of Public Relations and Communication reports to the Chief Executive Officer, and serves as a key member of the organization’s leadership team. The primary purpose of this role is to serve as the chief ambassador of the organization, while also overseeing all communication streams to ensure a cohesive message and image. The incumbent will support the development and sustainability of the community, religious, business, and media relationships through the development of a strategic communications and public relations program. At the same time this role will cultivate government and support agency relationships as Housing Keepers seeks to lobby for home improvement loans are reduced interest rates and funding for community renewal initiatives.
347 U.S. 483 Argued December 9, 1952 Reargued December 8, 1953 Decided May 17, 1954 APPEAL FROM THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF KANSAS* Syllabus Segregation of white and Negro children in the public schools of a State solely on the basis of race, pursuant to state laws permitting or requiring such segregation, denies to Negro children the equal protection of the laws guaranteed by the Fourteenth Amendment -- even though the physical facilities and other "tangible" factors of white and Negro schools may be equal. (a) The history of the Fourteenth Amendment is inconclusive as to its intended effect on public education. (b) The
For my Human Resources perspective I interviewed Judie Crudo the Human Resource Director for St. Anthony Foundation (St. Anthony’s). She has been with the organization in that capacity for 25 years. Being a native San Franciscan being offered a position with St. Anthony’s was a calling to her, “working for the best” is what she wanted to do and felt St. Anthony’s really offered that opportunity. Prior to working at St. Anthony’s, she was worked in Human Resources for Macy’s and a small startup company.
I interviewed Mrs. Peggy Curry. She is a department manager of TD funding services Inc., and she is been running on this bank for 10 years. The interview took place on Friday Nov. 11, 2016 in her workplace at TD funding services Inc. located at ( 496 Edinburgh road South, Guelph, Ontario, N1G 4Z1), and that I select this bank due to the fact Named one of the “top 50 Social responsible businesses in Canada” for the fourth consecutive year through MacLean’s magazine, Named one of the “high-quality 50 company residents in Canada” by corporate Knights, and I pick out this person due to the fact she is the branch manager of this bank and she knows plenty about this profession or industry, beside that she is a good friend of mine.
I am an accounting manager for SPI and responsible for recognizing the revenue for the four contracts undertaken during 20X9. While reconsidering the revenue recognition, I am also to identify the impact on its SFP and SCI while trying maximize to obtainable amount of loan.
For my interview, I met with Judie Crudo the Human Resource Director of St. Anthony Foundation (St. Anthony’s). She has worked at the organization in that capacity for the past 25 years. Prior to St. Anthony’s, she worked in Human Resources for Macy’s and a small startup company. Her desire to work closely in employee relations is what brought her to the non-profit sector after 20 years in the private sector.
Accrual method corporation. A corporation using an accrual method of accounting can choose to deduct unpaid contributions for the tax year the board of directors authorizes them if it pays them by the 15th day of the 3rd month after the close of that tax year. Make the choice by reporting the contribution on the corporation's return for the tax year. A declaration stating that the board of directors adopted the resolution during the tax year must accompany the return. The declaration must include the date the resolution was adopted.
Internal audit will discover flaws in Bryant’s Hospital revenue cycle process. One problem, is the untimely of processing claims for patients and third party billers. This issue will not only delay payment which the hospital needs, but it will increase their Account receivable account, due to aged accounts.
Subsequently, I succeeded, while culminating the once growing hole of deficit. When a fraction of accounting holders complained after notifying them the state of their account balance deficit, I issued explanation, while also evidencing all transactions. Above all, it provided the head of department with the opportunity of tracking their accounting records; in addition, revised it several times before the next request could reach my
Inc. I had a wide variety of duties and responsibilities, and I was constantly trying to learn as much as I possibly could. My job title was a Strategic Finance Intern, so my duties revolved around strategic decision making for the company. I worked closely with the multiple groups including Corporate Strategy and Product Development. However, I worked specifically in the Steelcase’s New Business Innovation group, so I was in charge maintaining the financial spending for that department. I worked with the two startups companies that Steelcase has developed internally, by helping them make strategic growth decisions based off of the financial analysis I had done. On top of that, I was also in charge of planning and forecasting for the months ahead and as of right now, I am in the middle of planning for the next fiscal year. In addition, at the end of every month, and at the end of the fiscal quarters I am in charge of closing the books for the entire department as well as reporting revenues to the Corporate Finance team so they can report all of Steelcase’s earnings to the Shareholders. I had to follow all of the GAAP guidelines when closing the books as Steelcase is a publically traded company. I would also receive ad-hoc request’s to do a financial analysis on a current problem either for either one of the startups we were facing, so it was anything from a sales timeline, to modeling
Immediately I went to upper management. My lieutenant called a meeting between us and essentially stated we needed to work it out between the two of us. Knowing this could be a potential career ending move if I did not have a successful accreditation audit, I did what I had to do to get the job done... by myself. At one point I worked seven days per week for seven weeks straight.
The Burns and Scapens framework for analyzing managerial accounting change was built on the study of old institutional economics, which sees "economics as a process of social provision, subject to multiple and cumulative causation." This view culminates in a model that argues that the managerial accounting practices at institutions are subject to a process of constant change, influenced by routines and rules. The institutions contribute to these routines and rules, but so do actions on the part of managers within the institutions. By combining multiple influences over time, we arrive at modern managerial accounting practice. In other words, Burns and Scapens tells us that managerial accounting practice changes over time, influenced by a number of factors including rules, routines and actions.