Premium Essay

Finance Manager

In: Other Topics

Submitted By ThuGrace
Words 764
Pages 4
Question 12
1. Identify and discuss at least three issues that telecommuting raises for HRM. Include ways that we can manage these issues.

Telecommuting allows employees to do their work without leaving their homes by using telecommunication and computer technologies. This means no rush-hour traffic, no time lost in traveling to the office, no expenses for gasoline or lunch or office clothes, and flexible work schedules. Telecommuting also enables employers to minimize office costs, attract and retain skilled workers and ultimately increase productivity. However, there are some significant disadvantages that telecommunicating raises for human resource management that need to be considered. These include lessened employee interaction and involvement, the threat to the security of company data.

One obvious disadvantage to the individual employee is the reduced opportunity to get involved with co-workers and the informal communication network at the office. The conversations during tea breaks or coffee after working hours usually provide good opportunities to know more about what is going on within the organization and to feel a part of work group. The lack of such interaction may lead to a feeling of isolation from co-workers as well as a lack of understanding the company’s goals and values. The normal absences of the telecommuting employees could mean that co-workers remaining at the office have a better chance to be known by the supervisors. The telecommuters wish to search for a new position in this situation. The supervisors may feel that they do not know much about their telecommuters except the productivity numbers or their work records.

Another concern is the security risk inherent in permitting external computers to access to company’s databases. The potential problems may create range from unauthorized people accidentally gaining confidential...

Similar Documents

Premium Essay

Finance for Managers

...Unit 4.9 Level 4 Finance for Managers 15 Credits Sample Assignments You are employed in a financial consultancy and one of your clients is a relatively new company that is facing rapid growth. As they began as a small family business, they have not had the level of financial control that would be expected in a business of their current size. The management team are looking to employ an accountant. Before taking this step they need to understand the reasons for recording and reporting financial information, the legal responsibilities they have in this respect and the usefulness of financial information. They also require some specific help in relation to working capital and in respect of a new project which they are considering. You should assume the business is incorporated i.e. in the UK as a limited company; in other countries, the equivalent. Your answers can be based on law and regulations in the country of your choice as agreed with your tutor. You are required to produce a written document for the board of directors that answers their questions about accounting and financial control and to produce some calculations in respect of figures they have provided. Task 1 Produce a written document for the board of directors that: • • • • • • Explains the purpose and requirements for keeping financial records Analyses the techniques for recording financial information Analyses the legal and organisational requirements of financial reporting Evaluates the usefulness......

Words: 875 - Pages: 4

Premium Essay

Finance Manager

...County of Fairfax, Virginia Ten Principles of Sound Financial Management April 30, 2007 1. Planning Policy. The planning system in the County will continue as a dynamic process, which is synchronized with the capital improvement program, capital budget and operating budget. The County’s land use plans shall not be allowed to become static. There will continue to be periodic reviews of the plans at least every five years. Small area plans shall not be modified without consideration of contiguous plans. The Capital Improvement Program will be structured to implement plans for new and expanded capital facilities as contained in the County’s Comprehensive Plan and other facility plans. The Capital Improvement Program will also include support for periodic reinvestment in aging capital and technology infrastructure sufficient to ensure no loss of service and continued safety of operation. 2. Annual Budget Plans. Annual budgets shall continue to show fiscal restraint. Annual budgets will be balanced between projected total funds available and total disbursements including established reserves. a. A managed reserve shall be maintained in the General Fund at a level sufficient to provide for temporary financing of critical unforeseen disbursements of a catastrophic emergency nature. The reserve will be maintained at a level of not less than two percent of total Combined General Fund disbursements in any given fiscal year. A Revenue Stabilization Fund (RSF) shall be maintained in......

Words: 1450 - Pages: 6

Premium Essay

Importance of Finance for Non- Managers

...Q. Why is Finance important for non- finance managers? A. Finance is important to business as without it businesses would not be able to start up or survive. In order to start a business, sources of finance are needed such as grants or loans used to buy essential items such as vehicles, premises and other equipments. It is needed for a business to maintain the running costs such as electricity and rent. It explains the importance of time, risk and returns on investment. The return on investment must always be more than the cost of capital, risk investment should be least. It is also needed in expanding a business. Today’s Managers need to be more commercially aware more so than ever before. Even if they do not have to manage budgets or finances themselves as part of their role they still need to understand about the financials of a company, what it all means and impact of their actions on the bottom line. If one plans the financial side of a business accurately he/she will be able to track the progress of their business in terms of profit and cash surpluses. Accurate financial documents will allow them to keep track of their cash flow and monitor how much of their loans have been paid off. They can measure their success through accurate financial planning. Financial documents will help them in keeping the records as- when company has retained enough profits to expand and improve its business. Improving business performance requires an understanding of the components......

Words: 412 - Pages: 2

Premium Essay

Mba Module - Finance for Managers

...Course: Finance for Managers Course code: CONTENTS 1. Report to Directors of Bramble Waste Management a. Introduction b. Net Present Value c. Internal Rate of Return d. Tender Price for weekly Collection e. Tender Price for fortnightly Collection f. Other Financial Considerations 2. Report to Directors of Newtownabbot Borough Council a. Introduction b. Evaluation of the financial strengths and weaknesses of the three businesses short listed c. Company Ranking d. Key Financial Criteria for Consideration e. Further Considerations Appendix 1 Workings for Weekly Collection Appendix 2 Workings for Fortnightly Collection 1. Report to Directors of Bramble Waste Management A) Introduction This report presents an outline of the value of the Newtownabbot Borough Council (NBC) waste collection contract. In order to assist decision making the regard to minimum tender price to NBC Net present Value and Internal Rate of return are presented here, assuming NBC receives costs savings of 15% as experienced by other Councils which have outsourced. Additional assumptions are made with regard to Population growth, number of households, tonnage of waste collected and changes recycling rates during the lifetime of the contract. Figures are produced on the assumption of a 4% growth on the NBCs 2011 population and waste figures. On this basis suggestions for minimum tender price are made for both weekly and......

Words: 5046 - Pages: 21

Premium Essay

Finance Manager

...Thompson−Strickland: Strategic Management: Concepts and Cases, 13th Edition 23. PepsiCo’s Acquisition of Quaker Oats Case © The McGraw−Hill Companies, 2002 1 case 23 PepsiCo’s Acquisition of Quaker Oats John E. Gamble University of South Alabama In 2001, PepsiCo was the world’s fifth-largest food and beverage company, with such brands as Lay’s, Tostitos, Mountain Dew, Pepsi, Doritos, Aquafina, and Lipton contributing to revenues of approximately $26 billion. PepsiCo’s revenues had reached $31 billion in 1996, but a new corporate strategy embarked upon in 1997 slimmed the company’s portfolio from a collection of fast-food restaurants, snack foods, and beverages to a sharply focused lineup of convenience foods and beverages. Between 1997 and 1999, CEO Roger Enrico spun off Kentucky Fried Chicken (KFC), Taco Bell, and Pizza Hut as one independent, publicly traded company; created a stand-alone softdrink bottling business through an initial public offering; and entered additional snack and beverage categories with the acquisitions of Cracker Jack and Tropicana. Enrico’s focus on convenience foods and beverages placed PepsiCo in food and beverage categories that grew at twice the 2 percent industry growth rate and gave it a 2-to-1 market share lead over its nearest competitor in the convenience food and beverage industry. Roger Enrico and Quaker Oats Company’s CEO, Robert Morrison, jointly announced on December 4, 2000, that PepsiCo would acquire Quaker......

Words: 15973 - Pages: 64

Premium Essay

Finance Manager

...UV0273 BEN & JERRY’S HOMEMADE Jerry: What’s interesting about me and my role in the company is I’m just this guy on the street. A person who’s fairly conventional, mainstream, accepting of life as it is. Ben: Salt of the earth. A man of the people. Jerry: But then I’ve got this friend, Ben, who challenges everything. It’s against his nature to do anything the same way anyone’s ever done it before. To which my response is always, “I don’t think that’ll work.” Ben: To which my response is always, “How do we know until we try?” Jerry: So I get to go through this leading-edge, risk-taking experience with Ben—even though I’m really just like everyone else. Ben: The perfect duo. Ice cream and chunks. Business and social change. Ben and Jerry. —Ben & Jerry’s Double-Dip As Henry Morgan’s plane passed over the snow-covered hills of Vermont’s dairy land, through his mind passed the events of the last few months. It was late January 2000. Morgan, the retired dean of Boston University’s business school, knew well the trip to Burlington. As a member of the board of directors of Ben & Jerry’s Homemade for the past 13 years, Morgan had seen the company grow both in financial and social stature. The company was now not only an industry leader in the super-premium ice cream market, but also commanded an important leadership position in a variety of social causes from the dairy farms of Vermont to the rainforests of South America. Increased competitive...

Words: 5401 - Pages: 22

Premium Essay

Finance Manager

...Excellence through diversity is one of the Chancellor's goals, yet the term diversity often raises controversy, confusion, and tension. What does it mean? Is it the same as affirmative action? Why should you focus on it? When people think of diversity, they may think first of ethnicity and race, and then gender; however, diversity is much broader than that. In Workforce America! Managing Employee Diversity as a Vital Resource, diversity is defined as “otherness or those human qualities that are different from our own and outside the groups to which we belong, yet present in other individuals and groups.” Dimensions of diversity include, but are not limited to: age, ethnicity, ancestry, gender, physical abilities/qualities, race, sexual orientation, educational background, geographic location, income, marital status, military experience, religious beliefs, parental status, and work experience (Loden and Rosener 1991, 18-19). It's important to understand how these dimensions affect performance, motivation, success, and interactions with others. Institutional structures and practices that have presented barriers to some dimensions of diversity should be examined, challenged, and removed. Managing diversity is defined as "planning and implementing organizational systems and practices to manage people so that the potential advantages of diversity are maximized while its potential disadvantages are minimized," according to Taylor Cox in "Cultural Diversity in Organizations."......

Words: 4182 - Pages: 17

Premium Essay

Finance for Managers

...Individual Assignment (40%) CHAPTER 1 : FUNDAMENTAL CONCEPT OF FINANCIAL MANAGEMENT 1. What you understand on maximization of shareholders wealth (2 M) Maximization of shareholders wealth means a) maximizing the firm’s value – achieving the highest possible value for the firm in the marketplace. (by making profits and avoiding losses. Economic Value Add (EVA) b) maximizing stock price - maximization of purchasing power, accumulating as much wealth as possible, by whatever means possible. 2. You are required to complete the gaps in the following table: (5M) Assets = Capital + Liabilities (current liabilities + long term liabilities) Assets | Liabilities | Capital | 19,600 | 3,150 | 16,450 | 28,000 | 4,900 | 23,100 | 159,000 | 49,000 | 110,000 | 88,000 | 26,000 | 62,000 | 51,400 | 11,650 | 39,750 | 3. Classify the following items into Liabilities, Assets, Income and Expenses (6M) Vehicles | Asset | Bank overdraft | Liability | Salaries | Expenses | Loan from A. Shark | Liability | A/C Payable | Liability | Machinery | Asset | Debtors | Asset | Opening Inventory | Expenses | Comm. Rec | Income | Sales | Income | Rental | Expenses | Premises | Asset | 4. Preparation of Financial statement Jamal started a book printing business on 01/01/2009 as Jamal Printers. The following are the transactions for the year ended 31/12/09: Date Transaction 01/01/09 Deposit RM50,000 with RHB Arabic Bank as a business capital.......

Words: 1904 - Pages: 8

Premium Essay

Finance Fo Managers

...An Assignment On Finance for Managers Introduction: Unique horizon Ltd. is a recently formed in 2002 situated at London, a limited company which is facing increasing growth. They began their business as a family business so their level of financial accountability is low. But now the management needs a financial accountant in order to ensure the accountability and proper management of the firm. However, before that the management needs to know specifically the roles and responsibility of proper financial information. They also need to know about budgeted plans and methods for appraisal of a business opportunity. We have prepared this report basing on the information provided in the case of Unique horizon Ltd. which complies with the rules and regulations of this UK. Firstly, we have tried to give a theoretical review to the board of directors that will help them to realize the necessity and the total process of keeping financial records and the procedures to maintain these statements. Besides we discussed about the accounting and pricing processes to understand them to operate budgetary activities properly. Then we solve mathematical problems related to the variance over the costing method and a problem related to capital investment decision. Finally we recommend some step which should be taken to the development of the firm in long run. Task 1: 1.1 Purposes for keeping financial record: To maintain a venture systematically and smoothly, financial records......

Words: 3315 - Pages: 14

Premium Essay

Project: Finance for Managers

...Project: Finance for Managers Table of content 1. Mission Statement 2. Company’s profile 3. Market Dynamic: SOTW 4. Case 1 & results 5. Case 2 & results 6. Evaluation Mission Statement We are committed to provide an outstanding experience in Automotive and associated businesses to all our customers through superior value products and services. | | | | | SSFF as a company is one of the reliable importers and distributors of automotive spare parts in Pakistan. Currently we are giving our services in Pakistan only, but in future, we are looking forward to extend it to the Afghanistan and other neighboring countries. | | | | | | | | | | | | | | | Hafeez Motors is a very renowned name in the field of new and used cars trade since last 3 decades. We are very conveniently located on Main M.A.Jinnah road. We, since our inception have provided honest and sincere services to our customers and have over the period built up a sizeable cliental which varies from Industries to Retail Customers. We initiated our company’s services from Karachi, which provides us an obvious advantage to sell out quality parts at the right price. We aimed to import best automobile parts and accessories from trusted sources in China, Italy, Japan, Korea, Thailand, and the U.K.We have started our business with a team of experts have over 5 (on average) years of experience in this market. Our professional management team and trained,......

Words: 1587 - Pages: 7

Premium Essay

Importance of a Finance Manager

...Basel Committee on Banking Supervision Principles for Sound Liquidity Risk Management and Supervision September 2008 Requests for copies of publications, or for additions/changes to the mailing list, should be sent to: Bank for International Settlements Press & Communications CH-4002 Basel, Switzerland E-mail: publications@bis.org Fax: +41 61 280 9100 and +41 61 280 8100 © Bank for International Settlements 2008. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISBN print: 92-9131-767-5 ISBN web: 92-9197-767-5 Table of Contents Introduction ...............................................................................................................................1 Principles for the management and supervision of liquidity risk ...............................................3 Fundamental principle for the management and supervision of liquidity risk ...........................3 Governance of liquidity risk management.................................................................................3 Measurement and management of liquidity risk .......................................................................3 Public disclosure.......................................................................................................................4 The role of supervisors .............................................................................................................4 Fundamental principle for the......

Words: 19195 - Pages: 77

Premium Essay

Make vs Buy

...Make Versus Buy Case ABC Ltd. is a manufacturing company engaged in the manufacturing of valves. They have been in the business for last 3 years and have been manufacturing only one type of valves. They started their business initially with sales of 10,000 valves per month and now they have grown the volume to about 50,000 valves per month. They have been buying all the raw material for the valve and were doing all the manufacturing in house. Now they have established themselves in the market and are planning to expand and produce different varieties of valves. They have their plant in the main city and the total area of the plant is 50,000 sq. ft. Now if they want to expand and continue doing all the activities of manufacturing of all the varieties in house, they would need another 50,000 sq.ft. of the area. In the recent times, the land prices in the area have more than doubled in the last 3 years and still land is available with great difficulty. Mr. Mohan is the production head of ABC Ltd. and has been successful with the production and the level is continuously increasing. But in recent times, he is facing the problem of quality complaints which have gone up from average 0.2 % in previous 2 years to 0.5 % this year. Also, he is finding that there is a high level of dissatisfaction among the workers regarding workload as well as salary levels. The workers are regularly complaining about the over work. Although, Mr. Mohan has found...

Words: 528 - Pages: 3

Free Essay

The Changing Role of the Relationship Manager

...The Changing Role of the Relationship Manager The relationship between wealth managers and their clients is not what it used to be. Public opinion of the financial sector, as a whole, has become sharply critical—people are outraged by the inability of the industry. Clients have become far less trusting and increasingly likely to jump to another wealth manager. But the relationship between RMs and their clients has actually changed well before the onset of crisis. Rise of the Product-Push Model before a Crisis At many wealth-management institutions, particularly the larger ones, the continuity of client relationships has— over time—been disrupted by organizational changes and the shuffling of client portfolios among RMs. In some cases, the goal was to bind the client more to the institution than to an individual advisor. In other cases, however, the institution itself simply could not maintain a consistent service model. At the same time, investors became more interested in diversifying their wealth across institutions. And as information about financial products became more accessible, some investors became self-directed. They tended to be less interested in holistic planning and more interested in specific types of support or investment recommendations. The role of the RM has also changed. Since the beginning of the decade, the RM has become less of a confidant and more of a salesperson. This shift was most apparent in the brokerage model, where RMs began providing......

Words: 902 - Pages: 4

Premium Essay

Power of Duties

...(Operations) Director (Operations) is a member of Board of Directors and reports to Chairman and Managing Director. He assists the CMD in all technical matters, in procurement of providing support to the mills for efficient operations, forestry raw material and other major inputs, setting technical parameters and monitoring the operations against the set norms, closely inter-acting with the Chief Executives of the mills on all technical matters including innovation in achieving optimal capacity utilization, quality improvement equipment balancing , modernization, etc. The powers exercised by Director(Operations) are as per “Delegation of Powers” of Director(Operations) in vogue from time to time. Shri MV Narasimha Rao Director (Finance) Director (Finance) is a member of the Board of Directors and reports to the Chairman and Managing Director...

Words: 6010 - Pages: 25

Premium Essay

My Documents

...000.00 | Raw materials and supplies | Unit Price | Quantity | Total Coast | Fabric | 40.00/yard | 100 yards | 4,000.00 | Threads | 60.00 | 50 | 3,000.00 | Needles | 25.00/box | 50 | 1,250.00 | Total | | | 8,250.00 | Utilities It is necessary for the operation of the business to give importance to the utilities needed in the operation. ITEM | Monthly | SOURCE | Water | 12,000.00/ monthly | water district | Electricity | 15,000\monthly | National Power Corporation | Telephone | 1,000/ monthly | PLDT | Rent | 30,000\monthly | | TOTAL | 58,000.00 | | Compensation Position | Monthly Rate | Yearly Rate | President | 20,000.00 | 240,000.00 | General Manager | 15,000.00 | 180,000.00 | Finance Manger | 12,000.00 | 144,000.00 | Marketing Manager | 12,000.00 | 144,000.00 | Production Manager | 13,000.00 | 156,000.00 |...

Words: 460 - Pages: 2