1,949
6
Essay, 2 pages (300 words)

Ownersbusiness accounting departmentkeeping track with the financial

OwnersBusiness owners are the principal executive that are overseeing the company. They should have a long term vision for the company, and have a clear strategic direction for the organisation. They should also interact vividly with both the external and internal stakeholders to ensure that the operations are smoothly carried out.

EmployeesSystem EngineerDepartment ManagersManaging the team Finance and Accounting DepartmentKeeping track with the financial transactions in the organization would be necessary to come up with the appropriate decision to plan the financial budget. The team would work in hand with the rest of the departments and develop strategy and make financial choices. To achieve the best for the company, they would have to deal with monetary issues that may emerge, such as the cash flow projections and the negotiation with banks. Sales and Marketing DepartmentGenerating more revenue and to promote our service to potential consumers are necessary for the growth of the company. With the capability of being revenue-driven, it will increases the opportunity that the customers will continue using our products. In addition, creating awareness of our products is essential to reach out to our target audience. With an in-depth knowledge in knowing the customers’ needs and wants, they can thus increase the desire for the potential customers to engage in our products. Through the planning and implementation of advertising and promotion activities, our organization could foster an environment in the marketplace and allow the company to be known to the public.

Human Resource DepartmentHuman resources are the most important assets of a business and thus they would have to be managed to maximize the productivity in the company by developing the employee’s effectiveness. The responsibilities in the department would include recruiting employees that are able to play a vital role in the workforce, as well as to train them to adapt to the jobs. Explaining about the staff welfare and benefits are also necessary, to prevent dissatisfaction among employees with the working conditions.

Thank's for Your Vote!
Ownersbusiness accounting departmentkeeping track with the financial. Page 1
Ownersbusiness accounting departmentkeeping track with the financial. Page 2
Ownersbusiness accounting departmentkeeping track with the financial. Page 3

This work, titled "Ownersbusiness accounting departmentkeeping track with the financial" was written and willingly shared by a fellow student. This sample can be utilized as a research and reference resource to aid in the writing of your own work. Any use of the work that does not include an appropriate citation is banned.

If you are the owner of this work and don’t want it to be published on AssignBuster, request its removal.

Request Removal
Cite this Essay

References

AssignBuster. (2021) 'Ownersbusiness accounting departmentkeeping track with the financial'. 14 November.

Reference

AssignBuster. (2021, November 14). Ownersbusiness accounting departmentkeeping track with the financial. Retrieved from https://assignbuster.com/ownersbusiness-accounting-departmentkeeping-track-with-the-financial/

References

AssignBuster. 2021. "Ownersbusiness accounting departmentkeeping track with the financial." November 14, 2021. https://assignbuster.com/ownersbusiness-accounting-departmentkeeping-track-with-the-financial/.

1. AssignBuster. "Ownersbusiness accounting departmentkeeping track with the financial." November 14, 2021. https://assignbuster.com/ownersbusiness-accounting-departmentkeeping-track-with-the-financial/.


Bibliography


AssignBuster. "Ownersbusiness accounting departmentkeeping track with the financial." November 14, 2021. https://assignbuster.com/ownersbusiness-accounting-departmentkeeping-track-with-the-financial/.

Work Cited

"Ownersbusiness accounting departmentkeeping track with the financial." AssignBuster, 14 Nov. 2021, assignbuster.com/ownersbusiness-accounting-departmentkeeping-track-with-the-financial/.

Get in Touch

Please, let us know if you have any ideas on improving Ownersbusiness accounting departmentkeeping track with the financial, or our service. We will be happy to hear what you think: [email protected]