for samuel peter

profilemichil

2 dqs need at least 100 word solution needed 10hrs from now. Will pay $3 each. total $6. ty..Michael

 

 

1.    On the income statement, the net income figure is important, but I stress operating earnings more - as it's a better indicator of a company's day to day activities.  On the cash flow side, operating cash flow is also one of the most important indicators - as it's emblematic of how the day to day operations of a company can impact the cash flow.   What are some day to day items you've encountered?

 

2.    As we continue our discussion of budgets and costs - our text will eventually mention the term "Responsibility Center" which implies a manager is responsible for a set of Departments, Projects, etc. 
When I ran financial reports each week for the constituents at CSC, I did so to be more of an "attention director" rather than a "finger pointer."   You have to understand the difference.    Financial reporting doesn't look to affix blame on one particular party.   Rather, it looks to assign  responsibility. Yet, as human beings in the workforce, oft times there are individuals who focus on the latter rather than the former.   This can be problematic as workplace morale can suffer if this method is used.

 

 

    Does anyone have any examples of this issue?

 

 

 

    • 12 years ago
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