Elizabeth BC

Why do you think accounting is seen as boring? Explain.  I think that many find it tedious and boring due to the amount of procedures that you have to know, I have taken some accounting courses and I find it somewhat difficult since you have to know in depth what each term belongs to in order to perform any operation, you need of patience and attention to achieve it. It is a subject and career that needs a lot of love for numbers because if you don't like them like most people, it will make you much more boring. Which of the jobs mentioned would be most interesting for you? Give your reasons. Audit because I believe that this imposes a lot on any company, you need to be very analytical and observant to determine any anomaly or something that is not being carried out properly and it makes you have a lot of knowledge about how things are done well in a company both inside and outside . Why is it so important for accountants to be ethical? Explain in detail. It is very important ...

What is “Integrated Business Planning” (IBP)?   It consists of synchronizing the commercial, financial and supply chain processes of the company in a single administrative process, this process is vital to meet the requirements of modern supply chains and is widely used in the manufacturing, distribution and services sectors. Companies that use this process experience improvements in their sales and organization. What is “Sales and Operations Planning” (S&OP)?   It is a management tool that improves communication within companies, it emerged in the 80s due to the lack of communication between departments that existed in companies. What are the similarities between IBP and S&OP? Mention and describe them. Both have the objective of improving the processes and making them as efficient as possible so that everything is done in a faster but well done way. Both also need supporting data to be able to see what is happening and guide the company on the best path to meet its o...

TASK 2 What is Managing information withing and outside the organization? It is very important for organizations to practice information management as this improves the efficiency of processes inside and outside the organization. In many cases the information management allows the company to have technological advances, solutions to possible problems or business downturns and even helps to improve the products and data of our suppliers and customers. Effective information management is not easy. There are many systems to integrate, a wide range of business needs to meet, and complex organizational problems to develop, but doing so brings better benefits. What is the importance of it?  Digitally transforming our processes and businesses helps to deal with growing competition and economic challenges, helps to respond to the demands of customers and workers, as well as to meet short, medium and long-term business objectives. Understanding the essence of this complex end-to-end inform...

Task 1 Resource Management study guide questions. 1.What is Resource Management?  Resource management is the planning of the resources that the company has and allocating them appropriately within the category of human resources, assets, facilities, equipment and more, to improve the profitability of the company. 2.Mention what is the importance of Resource Management in business.  It is very important for companies because you can be prepared for the good or bad that can happen in the company and be able to make decisions based on this. 3.What are the Concepts and Components of Resource Management? Define them in detailed. 1 . Resource scheduling: This task refers to identifying and then assigning resources to various tasks within a specified period of time. 2. Use of resources: This concept is an indicator of performance in companies and helps to know how much time is spent on each task. Utilization can be measured in terms of: General use of resources Strategic use Non-bil...

  Define Human resources. Human resources (HR) is the division of a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs. HR plays a key role in helping companies deal with a fast-changing business environment and a greater demand for quality employees. What is the role of human resources? Define in detail. The presence of an HR department is an essential component of any business, regardless of the organization's size. An HR department is tasked with maximizing employee productivity and protecting the company from any issues that may arise within the workforce. HR responsibilities include compensation and benefits, recruitment, firing, and keeping up to date with any laws that may affect the company and its employees. Research conducted by The Conference Board, a member-driven economic think tank, has found six key people-related activities that HR must effectively do to add value to a comp...

Task 2 Management vs Administration  What are the key differences between management andadministration? Explain each of them in detail.  MANAGEMENT: Is the act of managing people and their work for achieving an organization's goal using its resources. Management is exacting the discharge of policies. Working area management is a low and mid-ranked function which means it works for the low medium and top levels organizational needs of an enterprise. Authority decisions of the management are controlled by the goals and policies of an organization where administrative decisions are controlled by a common belief and other forces they also focus on MBO management mainly has control over business concerns. The management style of an organization also can be changed with the removal or employment of a new manager or leader. The management focus is to implement new ideas through research and innovative resources to achieve the organization's target.    ADMIN...