Role of the Financial Manager It can be said that an accountant evaluates bookkeeper records and shows the results as losses and gains to show the progress or failures of a company and also its future limitations and potential. On the contrary‚ a financial manager’s role is to maximize the value of a company. In order to achieve this‚ various types of financial statements are required to provide to investors. In the past‚ the role typically focused on generating and reinvesting finance capital
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Managers Role Within Functional Areas of Business Manager’s are integral in the proper functioning of a business. Even though the type of a business will determine varying roles and functions of a manager‚ all managers have the same fundamental functions that ensure the business runs as efficiently as possible.There are four areas that a manager deals with in the functional areas of any business. These four areas are controlling‚ leading‚ organizing‚ and planning There are many tasks every business
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MANAGER IS A CHANGE AGENT The label “change agent” is often accompanied by misunderstanding‚ cynicism and stereotyping. Managers‚ employees and HR professionals alike have questioned the value of this role in their organization. However‚ as organizations of all kinds face unrelenting changes in their environment‚ the need for individuals who are capable of turning strategy into reality has created a new legitimacy for the change agent role – which is often located within the Human Resource function
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The second is the "One minute praisings". Here the effective leader/manager (think about differences between a manager and a leader) catches the subordinate when he does the right things towards the goal. He then praises the subordinate for the same and builds confidence. Subordinate now knows that he is on right track and is doing right. The third is the "One minute reprimand". Here the "effective manager" scolds and does something like contructive criticism if he comes to know about the wrong
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Assignment No.01 Accounting For Managers ANALYZE THE BALANCE SHEETH‚ P& L STATEMENT AND CASH FLOW STATEMENT FOR THE FOLLOWING COMPANIES. FIND OUT ANY RELEVANT‚ DERIVED AND CONCEALED INFORMATION FOR THEM. KINDLY HIGHLIGHT THE FINANCIAL IMPLICATION FOR THE SAME. HINDUSTAN UNILEVER LIMITED ITC COLGATE PALMOLIVE PROCTER AND GAMBLE HYGIENE AND HEALTH CARE MARICO INDUSTRIES Managerial Economics Please limit your comments to eight pages. Your paper should not summarize the material in the
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Characteristics of an Effective Manager By Jamie Johnstone November 30‚ 2014 Human Services Administration Adeline Leon There are many characteristics of an effective manager. Many managers excel in many areas while lacking in others. As we grow and change‚ we will excel at times in some areas while continuing to improve in others. Here are the ten characteristics I can best relate to: Leadership which is in my opinion knowledge centered. It takes some learning to become a great leader. Some people
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president‚ should act gently towards his people. Advantage – this would create a harmonious relationship between the vice president and to the managers. The managers would be highly motivated and they can excellently perform their job because they could feel no pressure from the vice president. Disadvantage – the people in the company‚ especially the product managers‚ might took advantage of the vice presidents gentle approach to them. If he will act as what he showed to Brewster‚ the people might refuse
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transported in a ready to serve state made e.g. hot or cold if it needs some form of regenerator for chilled or frozen food. The advantages of centralised production include‚ lower food cost and supply cost are lower In centralised production methods you need to employ a few staffs in the kitchen. The kitchen can also be operated in a cheaper location. The disadvantage of the centralised production methods is if there is a case of food poison the effect will be more spread and can cost loss of business
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VEL TECH DR.RR & DR.SR TECHNICAL UNIVERSITY DEPARTMENT OF MANAGEMENT STUDIES P1BAA03 ACCOUNTING FOR MANAGERS Time: 3 Hrs Maximum: 100 marks PART-A (10 x 2 marks = 20 marks) Answer ANY TEN Questions. Each question carries 2 marks 1. Define Accounting. 2. Explain accounting cycle. 3. What are current assets? 4. What is net working capital? 5. What Trial Balance? 6. State any two advantages of fund flow
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mark in Sri Lanka up to now. All these achievements were made possible due to the contribution of our branch network including Pettah. Pettah branch caters to a large clientele. It is a corporate segment branch‚ Managed by an Assistant General Manager. Large number of staff is deployed to serve customers. From small scale retailer to large corporate customers are served by the branch. It has recorded considerable profits and a large value balance sheet. It is a testimony to the magnificent level
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