The purpose is “to develop, implement, and establish standards for accounting and financial reporting activities are accurate and reliable, and the resulting financial reports are as accurate and beneficial to the end users.” The end users that are discussed in the purpose are the outside users of the financial statements. Outsider users are……
This is an example of flat organisational structure as there is no middle management. The organisational structure of Macmillan Is split up into 6 different sections. The first and most important sector is the chief executive whose job it is to make the big decisions and to manage the major operations and resources of the company and finally acting as the main communicating point between board of directors and corporate operations, and then there is a board of trustees that the chief executive rely on to help them with the important decisions.
Organization The organizational structure for MediSense is in the traditional business model, as demonstrated in Appendix A, with the Founder, President, and CEO Steven Lipps. Mr. Lipps has been with the company since the start and has invested his life to patient safety. Mr. Lipps holds bachelor’s degrees in both Economics and Business Administration. Mr. Lipps oversee the major corporate decisions and manages the overall operations of the company.
In my assessment Bison is fairly clear with respect to their organizational structure. Their structure vertically connects every job in the company to a higher level of management. When you view this structure it is clear of who reports to whom. For example seen on Bison’s organizational chart (ORG) provided, the CEO directly reports to the Owner Mr. Jessiman. The CEO holds the span of control and the authority to delegate line of authority to specific level s of management, for example you can see the Director of Business Development and Logistics, directly reports to the Vice President of Logistics and Multi Modal.
A good example is Outpatient Cardiovascular Services. This department is grouped an APRN, RNs, CV Technicians, Echo Technicians, and Secretaries. They all have a specialized task when it comes to the patient’s they see; even though their jobs may have a slightly different scope-of-practice they all specialize in the heart and have shared characteristics which is aiding in diagnosing and treating cardiovascular diseases. This is also an example functional departmentalization. Functional departmentalization is when the department combine jobs that have some shared characteristics (Gibson, Ivancevich, Donnelly Jr., & Konopaske,
The most recent organization I was employed with was the El Paso County Juvenile Justice Department which used a combination of hierarchical and matrix organizational structures. Juvenile Probation is just one department under El Paso County’s Organizational Chart. However, the Juvenile Probation Department has its hierarchical chart that consists of the top executives; Chief of Probation, Deputy Chief of Probation, Chief of Operations, Chief of Accounting, and Financial Operations. Afterward, each of the above executives had unit Directors for each unit of this department. Subsequently, below the unit Directors, there were unit Seniors who would oversee and delegate the objectives to the front-line management, and the Team Leaders, who
The Canadian Armed force play a crucial role within the Canadian government and its success. They may have one of, if not the most important role of protecting Canadian and its citizens. This leaves the Canadian Armed Forces needed a direct and effective organizational structure to ensure their continued success. Since the inauguration of the Canadian Armed Forces, they have operated using the traditional or classic organizational structure. At the time it was the only way organizations operated but as time has gone on and organizational structures have evolved, the Canadian Armed Forces has elected to stay with the traditional organizational structure for the many advantages it gives them (Kerzner, 2013).
In 2002, the SEC adopted new rules and amendments to address public companies’ disclosure or release of certain financial information that is calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles. The accrual accounting is more popular and be widely used in business world because it produces more accurate and faithful financial statements that constitute better representation of actual circumstances than its main competitors. The major weakness of accrual accounting is that there is some time issue such like the time of occurred and time of recorded would probably be different and it increases the risk of financial information and the risk of correctness. Also, the accrual accounting generally cost more to operate compared with cash accounting
I really enjoyed the class discussion about their different job organization. I will like to discuss my job organization structure. My past job Publix we used a departmentalization organizational structure. Publix is an employee owned supermarket. We are departmentalization organizational structure because we are separated by product and service.
Analysis • This section is regarded as the most critical step in writing an effective accounting memo by bringing together the required facts of the research, any supporting authoritative literature, and an accountants overall evaluation before forming a conclusion. • Analysis includes information from relevant guidance, along with an accountant’s own words about how the guidance is applicable. • The memo should contain enough authoritative guidance that the user will not need to perform additional research in the Codification. • Make sure to utilize the concept known as the “guidance sandwich.”
Rogers is a telecommunications company whose operation is based heavily in Canada. As such there is an extensive organizational chart which is segregated in accordance to province, suggesting grouping by market or geography. This type of grouping demonstrates a keen grasp over of customer based knowledge. Also, this method allows for customer centric (customized) goods, this translates well for Rogers as it can adjust for demand in different provinces accordingly. Disadvantages of this method however include duplication of resources across provinces.
Ford motor company 's organizational structure is based on business requirements under the condition of different markets around the world. Enterprise organization structure defines the components and their interaction system configuration. In the case of ford, the organization structure is directly related to the status of the global auto industry. Ford 's international operations also decided against competition and the key structure components required for market risk. In this respect, as the second largest U.S. automakers ford is to show the effectiveness of its organisational structure to support continuous business growth and high performance.
The different type of structures (1) Functional – each portion of the organisation is grouped according to its purpose. (2) Matrix - ‘’ creates project teams that cut across traditional functional departments, instead of highlighting the role or status of individuals, it gathers together a team of specialists with the objective of completing a task or a project successfully ‘’ . (3) Divisional – It is the grouping of workers on the basis of products being produced, followed by the functional structure. There are two types of divisional structure , (a) Product structure (b) Process structure (4) Geographical – It is the grouping of workers on the basis of regions, followed by the functional structure and , (5) Hierarchical structure which has been adopted by Ritz Carlton. It shows the different levels of hierarchy, span of control and chain of command.
Managerial Grid It is developed by US psychologists Robert R. Blake and Jane Mouton, and published in 1964; which is based on the two behavior dimensional managerial grid predicts five leadership styles. What are Blake and Mouton 's Managerial Grid? Blake and Mouton 's managerial grid is one of the best ways of understanding different management styles. Understanding the different styles of management helps a manager in not only understanding his assumptions, but also understands from his set of assumptions in situations that require him to do so. One way of understanding effective managerial behavior through the use of Blake and Mouton 's managerial grid.
Toyota Revolves around its organizational structure, culture, climate and decision making perspectives. All these factors impact Toyota’s ability to make decision and then take actions. Failure to acknowledge anyone of them in a sensible way might damage a company’s reputation. Lets discuss these factors in detail. Organizational Structure is the framework of the company which lays down the foundation of the company.
