MID-YEAR ASSESSMENT Management Finance

MID-YEAR ASSESSMENT Management Finance Assignment example
College
Assignment
Finance & Accounting
Pages 9 (2259 words)
Download 0
Budgeting and Reporting [Student’s Name] [Course Title] [Instructor’s Name] [Date] Budgeting and Reporting Behavioural Issues that may emerge It is a common phenomenon for an organization to move towards implementing a systems and a set of processes that enable it to increase the overall productivity and improve the performance of the organization…

Introduction

One of the behavioural issues that have been noticed within the case study is that of resistance from employees. It is a common observance within an organization to have employees refuses to work with the new system or processes. In some cases employees regard the new system as redundant or unnecessary altogether (Attwood, 1996). In such cases usually employees feel threatened by the new system and feel that it challenges their methods of working and makes them feel redundant. In the case provided it was observed that the supervisor of department D Janet was extremely unhappy after viewing the performance report. This behaviour shown by Janet shows that she felt threatened by the report and refused to accept the system altogether. In some cases employees tend to agree to the new budgeting system but ignore its implementation. Employees tend to assure executives of the organization that they would commit to the processes of the system but in reality tend to hold reservations about it, causing reluctance in the implementation of its implementation (Woldring, 2010). As seen in the case out of all the directors only one of the director was interested in its implementations whereas others were uncertain about it. ...
Download paper
Not exactly what you need?

Related papers

Finance and Management
Product cost involves the determination of the cost incurred in the manufacturing of goods or provision of services. Manufacturing organizations, just as Worplestrop Partnership has to determine their products costs for two reasons. First is for decision-making and for the reason of external reporting. In manufacturing their products, Worplestrop Partnership would incur material costs, labor costs…
Public Finance
This work looks into the experience of South Korea and identifies a few lessons in public finance. Describing the Asian Crisis as a financial crisis, Heo and Sumwoong reported that South Korea prior to the crisis, “average a growth close to 10% per year” commencing in the early 1960s (490). The authors described the Asian Crisis as a failure of a development paradigm premised on a statist…
Finance
There were already reports of rising default on subprime mortgages that further fuelled quickly thereafter. Such mortgages are usually given to borrowers with below average credit ratings which are mainly due to their higher average risk of evasion in loan repayment. The financial institutions often charge higher interest on subprime mortgages in order to compensate for the risk taken. Thus, as…
Finance Assessment
In this concept one stocks performance is benchmarked by the performance of another stock. The returns which will be generated are compared relatively to other stocks of similar nature operating in the markets (Gitman, 2003). The major difference between both the absolute and relative return is that absolute return is concerned about the returns which are generated from one particular asset or…
international finance management
The issuers of the obligations/securities might include companies, various special purpose related entities, local governments, states, nonprofit seeking organizations and/or sovereign nations. There are various credit rating agencies which provide credit ratings. The agency or company which has been selected in this project is Moody’s Investors Service. Moody’s Investor Services Moody’s…
Management Finance
Behavioral issues of standard costing include planning and operational variances which further includes materials, sales and labor variances. Planning and operational variances mean when plans or standards of a budget are normally depending on the expected environment where targets are decided. But in reality if the environment is not same as the expected one then the actual performance is…
management and finance
Managers should focus on what should be done in order to avoid variance in the future rather than concentrating on actions to correct variances in the budget. Management determines the performance of the organization by conducting budget control or variance analysis (Ramji & Geoffrey, 2002, p. 21). These approaches support management by exception by the fact that it identifies critical areas of…