1 introduction
After successful years of running my own company, I have realized several problems, in particular, in forecasting and budgeting, due to rapid growth. To fix this growing problem I have decided to hold training sessions on budgeting and forecasting for your financial department.This problem is partly due to the fact that most of my staff are recent graduates who I feel do not understand the complexity of the situation. To counterbalance this reality I have decided to give the m.elviscollections.com new employees an in-depth training experience and also a pre-training report. My aim in this assignment is to produce a clear and concise pre-training report, as previously mentioned, to give to my new employees in preparation for their in-depth training experience. The following is the outcome of our training and learning.
contents
1 introduction
2 the nature and purpose of the budgeting training process
3 the budgeting methods
4 my budgets I will use in my training
5 a cash budge
6 Calculate variances and identify possible causes to adverse results and recommend corrective action
7 an operating statement reconciling budgeted and actual results
8 Explain how to report my findings to the two above tasks for management in accordance with identified responsibility centers
In short, we should conduct a cost control to enable costs to the minimize, So that we can get the most benefit and enhance our competitiveness.
Recommendations about cost control:
(1) drinks, expensive food of the kitchen, linen used in the rooms , floor-use tableware should be accounted by the perpetual inventory system on the accounting (Final account deposit = opening balance + purchase this issue - the current sales, Inventory of the net profit or loss = existential - account deposit). If inventory is shortage, and we should order the real person to be in charge of compensation;
(2) we should conduct random checks in Kitchens, bars and other products department from time to time, we must severely crack down on the waste of raw materials and Resolutely put an end to waste and theft;
(3) to establish a sound system of purchase requisitions for approval, and to eliminate unreasonable, unnecessary blind procurement;
References
1 Madhav V. Rajan. Cost Allocation in Multiagent Settings .The Accounting Review, Vol. 67, No. 3 (Jul., 1992), pp. 527-545.#p#分頁標題#e#
2 I. Moon, E. A. Silver.The Multi-Item Newsvendor Problem with a Budget Constraint and Fixed Ordering Costs.The Journal of the Operational Research Society, Vol. 51, No. 5 (May, 2000), pp. 602-608.
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