Wednesday, May 6, 2020
Accounting Management and Public Relation Issued Free-Sample
Question: Identify the Professional Accounting Management and Public Relation Issued in your Workplace. Answer: Introduction When asked about the roles of a professional accountant and managers in a workplace, the response from many people is often that they have responsibilities such as independent auditors and tax agents as pointed out by Jui (2013). In most cases, the work performed by many professional accountants, managers, and public relation officers in the workplace are often not fully understood or forgotten. This paper examines the some of the professional accounting, public relations, and management issues that can be experienced in the working environment within an organization. It presents the application of the accountancy knowledge learned and how the skills obtained can be used in solving challenges identified within the workplace. The paper presents in details the analysis and justifications of the workplace accountancy and management challenges that needs to be solved as well as the strategies that can be recommended for adoption in finding solutions to these challenges. Professional accounting, management, and public relations issues in the workplace In every workplace, there are many issues that can directly or indirectly affect the performance and management of the organization for professional accountants, public relation officers and managers as pointed out by Moorman and Fetter (2011). The same study points out that however much a project or an organization is inspirational, most of the stakeholders often face serious challenges and series of roadblocks in the course of executing responsibilities as per the set objectives of the organization. These challenges experienced in the workplace often have a great impact not only on the organization but even to their professional identity Kasem (2015). While the obstacles are always present in any workplace, professional accountants, public relation officers, and managers need to be optimistic on in identifying possible solutions that can be adopted to curb the challenges within their workplace. The challenges faced in the working place include; Limited confidence from professionals toward accountability in handling different tasks Pronobis and Schmid (2017) denotes that management accountants are often perceived negatively to be professionals who are not sufficiently technical but often too broad. They often need a detailed accounting and financial knowledge as well as wide management knowledge and skills for proper functionality within the organization. Leiva (2015) also denotes that transcending these hard skills and broad knowledge with leadership, adaptability, responsiveness, and effective communication are very critical in ensuring success not only for an individual but even the organization. Professional accountants, public relation officers, and managers are often put on a ladder of career growth as pointed out by Robalo and Gago (2017). It is an aspect that demands them to improve their problem-solving skills, communication strategies, and professional competencies so as to be prepared for leadership positions in the workplace. However, most organizations often experience limited response probably due to the accountability responsibilities involved. Therefore, there is a need for collaborating with different professional bodies that can enable the professionals to understand the need for both soft and hard developmental skills that can support their confidence. Glynn (2016) also points out that they will be able to increase their knowledge to deal with the professional challenges within the workplace and view themselves as leaders in different facets of the professionalism. Instability in the financial market within the global business arena In his study, Sithole (2017) points out that every organization is facing challenges about complexities of the global market scenarios such as the unstable economy and inflation. In such cases, financial managers and accountants are facing the pressure of proving to their respective organizations that they can effectively and accurately predict financial futures while inter-relating the analysis with the objectives and goals of the respective organizations in their decision-making. In his review, Riel (2011) also denotes that the unpredictable global market characterized by fewer job opportunities and the unstable economy has proven to be a hard-yard obstacle to professionals ( including accountants, public relation officers, and managers) for various organizations. However, Jui (2013) points out that recession and the global financial instability has given the financial managers in different organizations the opportunity of demonstrating how they can add value to the organizations. As a result, they are hence viewed more like business partners, interpreters of economic times, and communicators of the way forward business strategies that can lead to profitable business decisions. Resistance from respective organizations According to Anderson (2014), resistance is a serious obstacle that faces not only professional accountants, public relation officers, and managers but even other members of the workforce within the workplace. Resistance within the organization can arise from the employees as well as the organization itself when it is not able to provide the necessary resources required for performance. According to Moorman and Fetter (2011), every workplace is always made up of people from different backgrounds and possess different skills, knowledge, beliefs, and attitudes towards the responsibilities of other employees. For instance, accounting managers often face resistance within their working environments with a claim that it is difficult to deal with non-financial decision-makers as they often ignore figures. On the other hand, these decision-makers claim that it is hard to gain trust and corporation accounting managers Jui (2013). Surging through the resistance hence requires the managers and public relations to prove that they understand their roles in the workplace and have the ability to communicate in a manner that will influence the stakeholders as well as the public towards a positive progress Leiva (2015). Effective communication and employees interactions As pointed out by Schill et al. (2015), whenever there are different personalities working together in the same place, friction are bound to occur from time to time. For instance, professional accountants, public relation officers, and managers working under pressure to meet deadlines are likely to have flare-ups of temper depending on the pressure exerted on them by their responsibilities within the workplace. Garner (2016) also denotes that it is possible for everyone to get along, in theory, the results are often opposite in many workplaces. For instance, the public relations officers often deal with the dilemmas of the organizational corporate social responsibilities and a positive public image of the workplace. On the other hand, financial managers are struggling to ensure there is financial transparency and prevent any form of fund misappropriation that can break the trust of the management as well as the organization. These challenges can be evident from the manner of communic ation between the affected individuals and the fellow employees within the workplace. It is for these reasons that Kasem (2015) recommends the introduction of training to assist the employees to learn on how they can effectively manage work-related stress and get along with other employees within the workplace as an effective way of handling possible challenges. Application of the knowledge learned in solving workplace problems According to Pronobis and Schmid (2017), management accounting plays an essential role in the performance of an organization. The same study denotes that every management accounting professional needs to acquire the financial accounting knowledge such as the asset recognition and internal control among other essential concepts in management accounting. The level of using the appropriate concepts in both management and financial accounting often depends on the management level and the challenge to be addressed since every accounting problem can only be addressed using the relevant skill that matches the problem. Acquiring the professional knowledge of accounting is hence very vital in solving different accounting challenges that are faced in a workplace. Different scholars have different suggestions as to why there is a need for a professional qualification in accountancy, management, and public relations in a workplace. The knowledge and skills acquired can be used in different facet s depending on the environment and the industry of operation. Technical skills learned to give a professional accounting, public relations, and management the ability to perform specialized tasks within the workplace that involve particular process or methods. According to Mayfield (2017), the technical skills obtained enable us to execute certain strategic decisions and make operational moves. We also acquire conceptual skills in the identification and finding solutions to different organizational problems for the benefit of the organization as well as individual professionalism. The knowledge of professionalism also helps us in getting knowledge and interpersonal skills that are essential for effective communication and risk management that are essential in the process of duty within the workplace. Garner (2016) points out that professional accountants, public relations officers, and managers often find themselves in the frontline of safeguarding the organizational reporting and the perception the community has concerning the organization. Fo r instance, professional accounting management helps an organization to defend the quality of reporting its financial constraints by making sustainable financial decisions in tough economic times. Without the public understanding of the diverging responsibilities and roles of different accounting specialists, the public perception of the value of an organization may be misinformed. However, Pronobis and Schmid (2017) denote that with the help of the public relation professionals, accounting managers can help in ensuring a stable and progressive society. For instance, the knowledge learned is useful in the implementation of professional ethics within the organization. The codes and professional guidelines provide as with the rules and regulations while their practical implementation in solving challenges within the workplace requires our judgments. With good working ethics, the personal values and actions of employees will determine how they make decisions and react. In his study, Kasem (2015) points out that the ethics of every individual is often displayed in the way we talk, act, deal with challenges, and how one lives. Acquiring ethical skills and knowledge are hence essent ial in the workplace as they help in being competent and sincere in working towards improving the professional efficiency of an individual. Despite the challenges within the workplace such as the pressure of meeting deadlines, an employee will be able to maintain personal dignity as pointed out by Garner (2016). These will include using proper language for communication, wearing proper clothing, and practicing good manners among other advantages that are vital not only for professional accounting, public relations, and management but to all employees. Accounting management knowledge also enables us to have a commitment to upholding the highest professional standards while ensuring the maintenance of public confidence in management accounting. With the skills, it is easier to maintain objectivity, integrity, and professional competence in making decisions towards the global economic challenges affecting the workplace as pointed out by Garner (2016). In doing this, professional accounting, public relations, and management professionals can maintain the required level of knowledge and skills that will ensure their employers or clients receives quality and professional, competent services. In his study, Leiva (2015) points out that based on current or updated developments on techniques, legislation, and practice, accounting managers can act diligently by professional standards and applicable techniques. For instance, delicate information on financial accountability or resistance within the organization will also be handled with care t o prevent any compromise to trust and working relationship between the professionals. Such a step will give room for proper and procedural action to be taken that complies with regulations and laws while avoiding any action that can discredit the working relationship and the general professionalism according to Kasem (2015). Considerations of accounting knowledge addressed in the project From the project skills and knowledge learned, it is evident that professional accountancy, management, and public relations are key pillars that are essential in helping a company to create a sustainable and valuable growth within the industry of its operations. In his study, Jui (2013) points out that the public knowledge, understanding, and education on the diverse roles of professional accounting, public relations and management in the global business arena needs to be increased. It is a strategy that will add more value to the public on the visibility of their roles to the organization and the employees in a workplace (Lockton et al. 2013). The project fundamentals hence denote that professional accounting, management, and public relations bodies need to pay attention to the dynamic roles of their industry so as to provide different organizations and individuals with the necessary support to effect their roles. The roles of these professionals need to be defined so as to ensure that such projects achieve success in different fronts for a sustained recognition by the society, an aspect that will shape a continued success of the accountancy, management, and public relations professionalisms. With increased competitions in the global project management industry as well as the continuous adoption of technological advancements, Ordanini (2013) points out that various professionalisms are increasingly facing challenges in the attempt to demonstrate their roles. Their relevance in the capital market, as well as the adjustments within the professionalism to evolve towards new challenges such as technology, is not very clear to the professionals themselves as well as the public. Moreover, with the high public expectations, the value of accountancy professionalism is measured by the extent to which the professionals show accountability not only at their workplace but even to the public as well. As a strategy of ensuring effective and sustainable positive resource implications, Kauffeld (2016) points out that every project needs to work together with the relevant accounting, management, and public relations bodies so as to ensure legal and ethical professionalism is upheld within the project operations. The project hence recognizes the roles of these bodies to have an essential mandate of promoting, representing, and enhancing the global accountancy in project management. Despite the hard economic times, professional accountants, public relation officers, and managers are major contributors to discussions that can lead to more positive results towards customer preference, competitiveness, and sustainable performance of the organization according to Riel (2011). They hence help the organizations to adopt strategic formulations, cost control roles, sustainability and business improvement within the workplaces as pointed out by Moorman and Fetter (2011). Their implications for the public relations hence depend on the relationship the organization has with the community so as to foster positive working environment despite the challenging economic times. In his study, Ragins (2017) points out that the role of professional accountancy management and public relations are incomplete if it does not discuss their duties to the public. For instance, accounting as a profession has a privileged position in the society deals with different issues that directly or i ndirectly have public interests. In his study, Mayfield (2017), points out that most of the professional accountants, public relation officers, and managers within a workplace are often members of the staff who have been trained and are professionally qualified in performing their respective roles within an organization. The same study denotes that it is advisable for them to rely on the relevant accounting and management bodies for continues knowledge update and assistance in meeting the objectives and goals of the respective organizations. The stakeholders of the projects should hence strategize on teaming with the relevant bodies to ensure it is fully supported by the knowledge base and resources necessary to ensure the success of the project Kasem (2015). For instance, in every business, professional accountants can connect with their subject matter experts within the bodies of accounting for direction and advice on how they can handle ethical dilemmas that can pose challenges to project management strategies. A ccording to Harkins (2014), such bodies are also important in providing continuous training towards professional development initiatives to update the knowledge and skills of the professionals as per the trending global career advancements such as the use of accountancy software in business. Conclusion Employees and business owners in the workplaces within different organizations often face different challenges. While an organization or an employer may strive to ensure that the working environment is as ideal as possible for any work, there are still various examples of challenges that may affect the operation of many professional accountants, public relation officers, and managers. The accounting knowledge hence helps us to gain the relevant knowledge and skills that can be employed by these professionals in finding relevant and effective strategic solutions to the challenges whenever they occur. It is also recommended that project owners and organizations set and adopt relevant policies that will help in handling different issues to ensure the project or organization remains relevant to its duties. Despite the challenges faced within the working environment, professional accounting, public relations, and management professions still require respect and honor. As responsible membe rs of the society as well as the respective professionalisms in accounting, every employee needs to be constantly conscious of maintaining the professional integrity as lack of ethics has far-reaching impacts both to the individual and the organization. References Anderson, C. D. (2014). 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