BUSINESS RESSOURCES TABLE OF CONTENTS INTRODUCTION 3 PHOTON REGISTRATION PROCESS OF NEW PERSONS 4 P2/ Employability, Personnel and Communication Skills for Finance Manager
Added on 2020-01-07
16 Pages3413 Words452 Views
BUSINESSRESOURCE
TABLE OF CONTENTSINTRODUCTION......................................................................................................................3P1 Describe recruitment documentation in the recruitment process of new staff..................3P2/ Employability, personnel and communication skills for finance manager......................4P3 Describe the main physical and technological resources in Blue Inc...............................6M1 Howthe main physical and technological resources in Blue Inc can improve theperformance............................................................................................................................8M2 importance of Employability, personnel and communication skills for finance manager................................................................................................................................................8D1 How managing and controlling budget costs can improve performance.........................9TASK 2......................................................................................................................................9P5 Trading and profit and loss account..................................................................................9P6 calculate contribution and the breakeven point..............................................................11P7..........................................................................................................................................13CONCLUSION........................................................................................................................14REFERENCES.........................................................................................................................15
INTRODUCTIONBusiness resources are the tangible as well as intangible resources which help incarrying out the function of the organization effectively. This report talks about the Blue Incwhich is the UK based retailer and it is expanding its functions in oversees. Further, thereport will talk about the job description and the job specification of the finance executive.On the other hand, it also focuses on the physical and the human resources required carryingout the function of the company. Besides this, the main emphasis is on the cash flow and theratios which will help to identify the company’s actual information. P1 Describe recruitment documentation in the recruitment process of new staff Accounting executives supervise a company's financial procedures. Entry-level workin this field typically requires a bachelor's degree in economics, accounting, businessadministration, or finance. Someone who enjoys math, business, statistics, and managementmay enjoy this type of career (Chaffey and White, 2010). Accounting regulations and taxcodes change often, so accounting executives need to stay updated or obtain continuededucation in the field. Each industry provides a different set of duties, but common sharedtasks among accounting executives include:Using accounting software to create spreadsheets and reportsDrafting summary reports concerning key issues upper executives need to reviewAssigning projects to departments and overseeing productivityVerifying that all accounting related departments follow company protocolPresenting accounting issues and results to executive committees and uppermanagementRole Purpose is To support the Finance Team in financial planning, maintenance ofsystems and records, and contribute to improvements in financial processes and associatedcontrols. Undertake and deliver a range of financial activities such as data input and financialreconciliations (Thompson and Van der Walt, 2010).Financial Systems Assist with the review and update of financial accounting andbanking systems, including their interaction with other databases.
Financial Planning Assist with the preparation of annual, three-year, and additional adhoc budgets as required.Financial Reporting Assist with the production of quarterly management accounts, the annualreport and accounts and other ad hoc reporting as required.Accountabilities is Responsible for the reconciliation of main operational bank account on amonthly basis (Bae, Rowley and Sohn 2012). Process staff expenses and credit cardtransactions, Process Nominal, Sales & Purchase ledger transactions as required. Liaison withstaff team members ensuring Finance and Sales force database records correlate. Reinforceand support financial processes out with the finance team.P2/M1 Employability, personnel and communication skills for finance manager Communication SkillsEmployees must have strong communication skills, as they have to communicate withone another and with supervisors. Some employees working in customer service must alsocommunicate directly with customers. Effective communication skills are important to ensurewritten emails are clear, documents are readable and speech during presentation is clear andprofessional (Montgomery ed., 2011). Listening skills are also crucial, as employees mustlisten to different approaches and ideas for projects and assignments, especially whenworking as part of a team.Research and Analytical SkillsOther important skills that employers seek in new employees are research andanalytical skills. Some employers often require employees to conduct market research fornew products or production research to keep production costs low and profits high anddetermine what is in demand on the market (Breton‐Miller and Miller, 2013). Rather thantaking everything at face value, employees must be analytical and test all information foundin the research.Leadership and Creativity SkillsEmployees often work together on projects, so some employees must take on theleadership role to ensure deadlines are met, problems are addressed and all ideas are beingconsidered. Employers often seek employees who have natural leadership skills. In addition,these employees must also have creativity skills so they can find and use solutions forpotential problems on tasks, projects or assignments (Zikmund and et.al., 2013).
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Finance Controller Roles & Funding Sourceslg...
|16
|3554
|277
Roles and Responsibilities of Finance Controller : Reportlg...
|16
|4305
|201
Unit 2. Business Resources Assignmentlg...
|16
|3739
|107
Business Resources INTRODUCTION 3 TASK 13 P1 Recruitment Documentation needed in an organisationlg...
|15
|3036
|238
Managing Physical and Technological Resources: Assignmentlg...
|14
|3025
|388
Personal Branding Report - Human Resource Assistantlg...
|7
|1910
|392