Skip to main content

Role of Accountant Manager in Influencing Staff

The management procedure involves planning, organizing, controlling, directing, communicating and motivating. We will elucidate each of these functions:


Planning:
 
Planning is the elementary function of the management by means of which the managers make a decision:
  • What goals are to be accomplished?
  • How they will be accomplished?
  • Planning provides the manager a warning of likely future crisis and therefore they avoid the need to make unplanned decisions.
Control: 
  • Control comprises a comparison of real performance with the plan and hence deviation from the plan can be identified and corrective action taken.
  • It can be stated as the procedure of compelling events to match to a plan. The management accountant supports the control process by giving performance reports that compare the genuine performance with the planned outcome for each responsibility center.
Organizing: 
  • This is the establishment of the framework in which the obligatory activities are to be performed and the designation of who should execute such activities. It comprises the establishment of decision units like departments, segments, branches, etc.
  • The management accountant will offer information on the performance of each of such segments.

Motivation:
  • Motivation comprises influencing human behavior and hence the participants recognize with the objectives of the organization and made decisions that are in agreement with such objectives. 
  • Budgets and performance reports generated by management accountants inspire the firm’s employees. To be motivating though, targets should be demanding but attainable.
Communication:
 
To communicate means to make known, impart or transmit the information. The management accountant aids the communication process by installing and maintaining an effective communication system.
 
Many Accounting Assignment Help website offers Roles of Accountant Manager videos represented by qualified and highly trained live tutors who will guide you the whole description of Accountant.

Comments

Popular posts from this blog

Defining stock and debtors system

Under Stock and Debtors System, the head office does not open a Branch Account in its books. It maintains a few control accounts for recording the various branch transactions. These accounts usually are: (i) Branch Stock Account, (ii) Branch Debtors Account, (iii) Branch Expenses Account, (iv) Branch Cash Account (v) Goods sent to Branch Account, and (vi) Branch Fixed Assets Account. At the end of the accounting year, it prepares the Branch Adjustment Account and the Branch Profit & toss Account. This system is used only when goods are invoiced at , selling price which the branch is not allowed to vary. Let us now study the working of each account opened by the head office when such a system is followed. Branch Stock Account: This is the most important account which helps the head office in controlling the branch stock. It shows all branch transactions relating to goods. The goods sent to branches and the sales returns are shown on its debit side, and the sales (both cash and c...

Reckless acts of violence

In 1990, a guy by the name of David Koresh formed a group of followers who believed in the book of revelation as an apocalyptic in the New Testament of the bible who called themselves Branch Davidians.  Koresh was a high school drop out that possessed a young charismatic religious belief.  Koresh's followers called him, "The Lamb of God."  The group formed outside Waco, Texas in a well-built compound built to survive judgment day. A mailman, in 1992, noticed a partially opened package that contained grenades.  The mailman reported this to the Alcohol, Tobacco and Firearms (ATF).  An investigation was opened on the group and Koresh.  As a result, a search warrant was granted to search the compound of weapons and explosives. tactical team formed outside the compound for a raid, which was met with force.  Four agents, and six of Koresh's followers were killed.  This incident lasted for 5 days.  The Federal Bureau of Investigations (FBI) assume...

Synthesis And Behaviour Advances of Inorganic Chemistry

In the year 1869, Russian Chemist Dmitry Mendeleyev forms the periodic table of the element. Since Newlands did before him in the year 1863, Mendeleyev categorizes the elements, according to their atomic weights and observes that they show recurring patterns or periods of properties. Inorganic chemistry is the study of the behavior and synthesis of inorganic and organometallic compounds. Such field covers all chemical compounds apart from the myriad organic compounds (i.e., carbon based compounds, generally having C-H bonds), that are the subjects of organic chemistry. The distinction among the two disciplines is far from absolute, and there is too overlap, most significantly in the sub-discipline of organometallic chemistry. It has applications in all aspect of the chemical industry–comprising catalysis, materials science, fuel, surfactants, pigments, coatings, medicine, and agriculture.   Inorganic chemistry is concerned with the reactivity and properties of all ...