Category12 158 114 70 3effectivenessproject Includes All Material Need ✓ Solved
CATEGORY Effectiveness Project includes all material needed to gain a comfortable understanding of the topic. Project includes most material needed to gain a comfortable understanding of the material but is lacking one or two key elements. Project is missing more than two key elements. Project is lacking several key elements and has inaccuracies. Sequencing of Information Information is organized in a clear, logical way.
It is easy to anticipate the type of material that might be on the next slide. Most information is organized in a clear, logical way. One slide or item of information seems out of place. Some information is logically sequenced. An occasional slide or item of information seems out of place.
There is no clear plan for the organization of information. Originality Presentation shows considerable originality and inventiveness. The content and ideas are presented in a unique and interesting way. Presentation shows some originality and inventiveness. The content and ideas are presented in an interesting way.
Presentation shows an attempt at originality and inventiveness on 1-2 slides. Presentation is a rehash of other people's ideas and/or graphics and shows very little attempt at original thought. Spelling and Grammar Presentation has no misspellings or grammatical errors. Presentation has 1-2 misspellings, but no grammatical errors. Presentation has 1-2 grammatical errors but no misspellings.
Presentation has more than 2 grammatical and/or spelling errors. Organization PowerPoint contains a minimum of requisite slides. All parts of the task are completed fully and support the theme/content of the presentation. PowerPoint contains a minimum of requisite slides. All parts of the task are completed partially and support the theme/content of the presentation.
PowerPoint contains fewer than requisite slides, or some slides designed do not support the theme/content of the presentation. PowerPoint contains fewer than requisite slides and is missing several parts of the task. Slides designed do not support the theme/content of the presentation. Sources All sources (information and graphics) are accurately documented in the desired format. All sources (information and graphics) are accurately documented, but one is not in the desired format.
All sources (information and graphics) are accurately documented, but two or more are not in the desired format. Some sources are not accurately documented. Unit 1 Acct614 DB Assignment Due Tuesday, 11.20.18: You have recently hired a new assistant, Susan Thompson, who previously worked in a financial accounting office preparing journal entries, which provide you with a recording of the day-to-day activities of the company and financial statements (income statement, statement of owners' equity balance sheet, and cash flow statement). Although your new assistant has experience with and fully understands financial accounting, she has no experience with managerial accounting. Part 1 In a memo to your new assistant, Susan Thompson, complete the following: · Explain to her the similarities and differences between financial and managerial accounting. · Provide examples of managerial accounting reports that she could expect to see within EEC, and explain how management might use the information to make decisions. · Keep in mind that although the income statement, the statement of owners’ equity balance sheet, and the cash flow statement are generated in financial accounting, they are used to develop all of your managerial accounting reports. · Examples of a few of those reports are the horizontal analyzes, vertical analyzes, and ratios.
Part 2 In a memo to the board of directors, discuss the information found in each of the following financial statements, and describe how accounting information is used by managers for planning and control: · Balance sheet · Income statement · Statement of cash flows · Statement of stockholders’ equity Unit 1 HCM641 IP Assignment due Wednesday 11.21.18: You are the CEO of a 200-bed acute care facility and are challenged with the mandates of the Patient Protection and Affordable Care Act (PPACA) 2010. More specifically, you must lead your institution in changing reimbursement processes from fee-for-services to bundled payments. · In a PowerPoint presentation of 6-8 slides, not including title slide and reference slide and with -word speaker notes per slide, identify and discuss the best and the least-effective leadership approaches to implement a process change within your finance department.
Your presentation should cover the following points (Lazerow, 2011): · History of PPACA 2010 · How bundle payments are processed · How health care facilities price their services · How this service was established · What benefits this has for the health care facility · How physicians and hospitals determine better patient services, lower costs, and increase quality of patient encounters · Halo or spillover effect Include the following in your PowerPoint presentation: · Speaker notes · Cover page · Conclusion · References using APA formatting for all citations Reference Lazerow, R. (2011). The top questions about Medicare's bundled payment program: You asked. We answered. The Daily Briefing . Retrieved from Unit 1 HCM641 DB Assignment due Tuesday 11.20.18: Primary Task Response: Within the Discussion Board area, write words that respond to the following questions with your thoughts, ideas, and comments.
This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas. · Discuss a leader's effectiveness using utilitarianism as the ethical decision-making approach in regard to the health care challenges set forth by the Patient Protection and Affordable Care Act of 2010. · Answers can be in the form of classical utilitarianism, consequentialism, rule consequentialism, or rule utilitarianism. BA 606 Team Management: Group Power Point Presentation 3 Part 1: Group Potency and Collective Efficacy As a group, review at least four (4) academically reviewed articles on Group Potency and Collective Efficacy. Develop power presentation of the 4 articles.
Support your presentation with appropriate references. Use APA format throughout. Part 2: Group Cohesiveness: As a group, review at least four (4) academically reviewed articles on Group Cohesiveness. Develop power presentation of the 4 articles. Support your presentation with appropriate references.
Use APA format throughout. Specific Instructions: 1. As a group, discuss requirements for Parts 1 and 2 above. 2. Develop power points.
You power points should contain a minimum of 20 slides (excluding the cover page and reference page. 3. Use APA format throughout. DISCUSSION QUESTION GUIDELINES Introduction – Students must always introduce their topic Team productivity is a multi-step process that involves increasing your employees’ satisfaction with their jobs and giving them the tools to effectively perform assigned tasks. Smith (2010) stated that employee relations, training and compensation benefits all play a part in improving team productivity.
Managers must considering external and internal factors that might be hindering productivity, such as insufficient training or personality conflicts, will help managers decide how to best motivate their team (Smith, 2010) Body – Answer all parts of the question in the body In today’s complex and collaborative workplace, the real challenge is to manage not just your personal workload but the collective one, As per Saunders, (2018) managers must “set the strategic vision†and serve as “the buffer for unreasonable expectations†from the rest of the organization. Additionally Saunders stated that leaders encourage good teamwork and give teams the authority to make decisions based on what they see is right.
According to Bamberger & Levi (2009) smart team leaders and team members learn how to work well within a team since that is becoming more and more important in all fields of work. To excel as a first step teams should develop a work plan that can serve as a process map of the critical tasks and capabilities required to complete the project. Bamberger & Levi further stated that the second step is to make sure that everyone understands the team’s goals in the same way. Team members frequently start out believing that they share an understanding of their goals only to discover this is erroneous when they begin developing performance measures. After the goals have been confirmed, the appropriate team members should develop individual measures for gauging the team’s progress in achieving a given goal and identifying the conditions that would trigger an out-of-bounds review.
In addition, each member should come to the next meeting with two or three gauges that he or she considers most effective for monitoring his or her functional area Bamberger & Levi (2009). In an attempt to push team members to focus on overall goals and the total value-delivery process as they develop measures, they should be encouraged to include process measures. Rewards are a powerful tool used for employee engagement. As per Saunders (2018) recognizing and rewarding your employees effectively is crucial for retaining top talent and keeping employees happy. For an increasing number of organizations, implementing a compensation plan that rewards employees for successful teamwork provides great synergy with their organizational model.
Companies that have such plans take various approaches to structuring team-based rewards, including programs such as incentive pay, recognition, profit sharing and gainsharing (Saunders, 2018). Conclusion/Summary – All responses must have a Summary/Conclusion which restates the main points of the question Team members who work effectively with one another have the capacity for increased productivity (Bamberger & Levi, 2009). Successful teams comprise members who have an understanding of their own roles in the group and an understanding of the responsibilities of their teammates as well. As per Saunders, (2018) the key to successful employee rewards is being creative and thoughtful. Many companies have even begun to use rewards for recruiting as they have become a part of their company culture.
Reference- Authors last name from A-Z Bamberger, P. A. & Levi, R. (2009). "Team-based reward allocation structures and the helping behaviors of outcome-interdependent team members, Journal of Managerial Psychology 24(4), . Saunders, R. (2018). Team Productivity and Individual Member Competence.
Journal of Business. 11(4), . Smith, J. (2010). The effects of task complexity and time pressure upon team productivity. Journal of Applied Psychology, 44(1), 34-38.
Paper for above instructions
Memo to: Susan ThompsonFrom: [Your Name]
Subject: Overview of Financial and Managerial Accounting
Dear Susan,
Welcome aboard! As you step into your new role, it’s essential to understand the differences between financial and managerial accounting, as they each serve critical purposes in our organization.
Similarities Between Financial and Managerial Accounting
Both financial and managerial accounting aim to provide relevant financial information to stakeholders for decision-making (Drury, 2018). They involve collecting, analyzing, and reporting financial data to offer insights and inform strategy. Here are a few key similarities:
1. Data Collection: Both types utilize data obtained from the business’s operations, including revenues, expenses, assets, and liabilities.
2. Reporting: Both financial and managerial accounting involve reporting; however, the focus and users of these reports vary significantly.
3. Accounting Principles: Both adhere to accounting principles but to different extents. Financial accounting usually aligns more closely with Generally Accepted Accounting Principles (GAAP), while managerial accounting is guided by internal metrics focused on specific management information needs (Garrison et al., 2021).
Differences Between Financial and Managerial Accounting
While there are similarities, several critical differences set the two apart:
1. Purpose:
- Financial Accounting: Aimed at external stakeholders such as investors, creditors, and regulatory agencies, providing a snapshot of the company's financial position, performance, and cash flows.
- Managerial Accounting: Designed for internal audiences, primarily managers and executives, to assist in planning, control, and decision-making.
2. Time Orientation:
- Financial Reports: Typically historical, focusing on past performance.
- Managerial Reports: Often forward-looking, emphasizing future projections and strategic planning (Horngren et al., 2013).
3. Regulatory Standards:
- Financial Accounting: Must comply with GAAP or International Financial Reporting Standards (IFRS).
- Managerial Accounting: Does not require adherence to such standards, giving it flexibility in presentation and content based on the organization's needs (Higgins et al., 2019).
4. Detail and Focus:
- Financial Accounting: Aggregated reports that cover the overall performance of the company.
- Managerial Accounting: More detailed reports focusing on specific segments, departments, projects, or products.
Examples of Managerial Accounting Reports
Within our company, you can expect to encounter various managerial accounting reports. Here are a few examples:
1. Budget Reports: These show planned revenues and expenses for a specific period, allowing management to compare expected with actual outcomes, aiding in effective resource allocation (Pizzini, 2020).
2. Cost-Volume-Profit Analysis: This report helps management understand how changes in costs and volume affect the company’s operating income and net income.
3. Variance Analysis Reports: These reports compare budgeted results with actual results, helping managers identify where the organization is underperforming or overperforming.
4. Activity-Based Costing Reports: These provide insights into costs incurred by specific activities, enabling management to identify areas for efficiency improvement.
5. Performance Metrics: Metrics such as key performance indicators (KPIs) and dashboards that consolidate various operational data to assess performance at a glance (Kaplan & Norton, 1996).
Conclusion
Understanding the distinctions between financial and managerial accounting is crucial for effective decision-making within our organization. As you begin to navigate these reports and their applications, you'll find they are valuable tools for guiding our strategy and operations.
Please let me know if you have any questions or need further clarification on these concepts.
Best regards,
[Your Name]
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Memo to: Board of Directors
From: [Your Name]
Subject: Financial Statements and Their Utility in Planning and Control
Dear Esteemed Members of the Board,
As we continue to strive for excellence in our financial management and planning activities, I would like to discuss the vital role that our financial statements play in guiding our strategic decisions. Understanding how each financial statement contributes to planning and control allows us to better navigate our operational goals.
Balance Sheet
The balance sheet provides a snapshot of the company's financial position at a specific point in time, detailing our assets, liabilities, and equity (Kieso et al., 2015). Managers utilize this information to assess liquidity, financial stability, and capital structure, which informs effective budgeting and investment decisions. The balance sheet helps identify areas where asset management can be optimized, which enhances our financial health and controls our risk exposure.
Income Statement
The income statement reflects the company's performance over a specific period, detailing revenues, expenses, and profits (Weygandt et al., 2019). Managers use this statement to evaluate operational efficiency, set performance benchmarks, and analyze profit margins. By understanding the income sources and expenditure patterns, we can identify revenue growth opportunities and areas for cost control, ultimately assisting in resource allocation for future projects.
Statement of Cash Flows
The statement of cash flows offers insights into cash management by outlining cash inflows and outflows over a given timeframe (McLaney & Atrill, 2019). This statement is crucial for managers in assessing liquidity and the company’s ability to finance operations, pay debts, and invest in growth opportunities. Cash flow analysis supports strategic decisions related to short-term and long-term financial planning, ensuring that we not only achieve profitability but also maintain operational viability.
Statement of Stockholders’ Equity
This statement delineates changes in equity financing over time, including retained earnings, dividends, and other equity components (Brigham & Ehrhardt, 2016). Understanding these changes enables managers to manage the expectations of shareholders effectively. Ensuring that equity is utilized wisely contributes to overall business valuation and reflects our commitment to shareholder interests, allowing us to maintain competitive advantages.
Conclusion
The value of our financial statements extends beyond mere compliance; they serve as essential tools for effective planning and control. As managers, it is our responsibility to leverage this information to make informed decisions that align with the company's strategic vision.
Thank you for your attention to this matter. I welcome any further inquiries regarding our financial strategies.
Best regards,
[Your Name]
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References
1. Brigham, E. F., & Ehrhardt, M. C. (2016). Financial Management: Theory and Practice. Cengage Learning.
2. Drury, C. (2018). Management and Cost Accounting. Cengage Learning.
3. Garrison, R. H., Noreen, E. W., & Brewer, P. C. (2021). Managerial Accounting. McGraw-Hill Education.
4. Higgins, R. C., Moores, K., & Dyer, J. (2019). Analysis for Financial Management. McGraw-Hill Education.
5. Kaplan, R. S., & Norton, D. P. (1996). The Balanced Scorecard: Translating Strategy into Action. Harvard Business Review Press.
6. Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2015). Intermediate Accounting. Wiley.
7. McLaney, E., & Atrill, P. (2019). Financial Accounting: An Introduction. Pearson.
8. Pizzini, M. J. (2020). The Effect of Budgetary Participation on Performance: Evidence from a Taxing Authority. Management Accounting Research, 52, 1-12.
9. Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2019). Financial Accounting. Wiley.
10. Lazerow, R. (2011). The top questions about Medicare's bundled payment program: You asked. We answered. The Daily Briefing. Retrieved from [website link].