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Running Head: ATHA CORPORATION EXECUTIVE PLAN 2

ATHA CORPORATION EXECUTIVE PLAN 2

Account and Finance Department Plan

Student’s Name:

Professor’s Name:

Date:

Atha executive management team has set the doubling the sales goal of the corporation. There have been stirring changes inside the company that allows expanding the corporation technology and capacity. With the new resources, they make it possible for us to take our company to the next level. In our department, we will be hiring new employees. We will also make changes to the departments in the company, basically concentrating on the departments of Account and Finance and work with the Human resources department to attain our goal. We need the employees to help to ensure that our work remains safe, quality, and accurate. We are looking forward to showing you that we will get up to the situation and prove that we can manage every situation that comes our way. It is a stirring time for the corporation. We are doing more than we would do normally with the leading competition and new technology in growth.

We have some suggestions in this plan for daily functions of accounting enhancements and the plans of staffing that will make it easier for our goal attainment. With the plan that we have developed will work on improving the department by detailing steps that are necessary, ensuring that the resources are used efficiently, this will be made possible by organizing the new staffs to use them. Also, with the development of new organizational chart will help in utilizing the available resources efficiently, through communications that are carefully crafted the workers will be led by providing mission and goals that are precise, and develop appropriate communication performance and control to the company to make sure that there is an organizational focus. In the account and finance department we concentrate on the processes to make sure that there accurately handling of accounts payable and account receivable. In the account and finance departments, there is need for strategic management in most of the functions. With planning the department is able to set the goals that are measurable and how they need to be attained, and with that the success of the department is aided.

For managers to be able to evaluate every aspect of monthly reporting, account receivable and account payable they need a comprehensive plan that can help them. An evaluation helps ascertain the areas of weakness and strengths within the department and ways of enhancements. With these evaluations it will help the department in graft goals and objectives that will be very certain and directive. When the department has the planning strategically goal, they have a way that can lead them in attaining company’s goals. Also, with planning the department can be able to follow the chain of command in accurate manner in making sure that each answers and questions for them to have an efficient response to be directed to the right person. As we continue making department’s improvements, the department’s mission of retaining the employees who exists and motivating them will continue to be the goal. The department of finance is devoted to offering all departments with support and information that is complete and precise.

The department’s objectives with a revised purpose statement are employee’s inspiration and allow them to know what is expected. New employees were added to assist with the new overflow expectation and this came together with the implementation of the purpose statement. The new employees during interview, they were asked questions that were serious so that to know their experience, what assistance each of them will be able to offer to the department and also to know their background. During the interview each question was connected to specifically the department and making sure that each employee has the ability to handle the amount of work that they will be given in the department. It allowed for a method that is strategic to create a plan of hiring new employees that would fit the department appropriately. The account and finance department is devoted to surpass the company's expectations with quality work, service and also highest standards.

Our department values the goals of the company and try and keep up relationships that are long-standing with all vendors and also timely service. We will work together with the human resource department to try and achieve the company's goals. The human resource department's function is ensuring that the policies of the company are current and also appropriately distributed to the workplace. (Allbusinessschools, 2020) They also have other roles, such as hiring, recruiting, and interviewing employees. The human resource department’s role is to develop, recruit, and retain workers who perform well in each department within the company. Their wish is promoting an environment that is productive and efficient for the workers

When the department of human resource will be hiring new employees, they will be asked the questions that are particularly related to human resource department job functions. This will help the managers to acquire some understandings of individuals knowledge, experience on the job and also the company’s goals. In the account and finance department, we have some goals to help attain the corporation's goal. Our goals are; retaining new employees; if new employees are retained, then it will be easy to achieve the corporate goal because existing employees have more knowledge of the corporate. We will do this by quality supervision, and by this, it will help employees feel that they can trust their managers. The timeline for this is 90days with continuous progress. The other goal is showing appreciation; if employees are appreciated, then their productivity will increase, which will help attain the corporate goal. By this, we will give rewards and employee recognition who continue to work hard. This will motivate the employees to work harder and it will have a timeline of 90 days with continuous progress.

Another goal is maintaining positive employee relations; the department will make sure that there are no unsolved negative issues between the management and employees. By this, employees will be able to relate well with their manager, and the working environment will be sufficient for attaining the corporate's goal 90days will be the timeline with continuous progress. Another one is hiring three new employees. If these employees are hired, then the labor force will increase and also productivity. We will identify the specific areas that require new employees that are identifying the department that has no enough employees, and add new employees will be of benefit to this area 90 days will be the timeline.

The other goal is developing a new organization chart for the finance and accounting department. We will create a functional organization. It includes four main elements to enhance this department. Also, 90 days will be the timeline. Another one is a chain of command, when the chain of command is included in the chart it will help the workers to understand who to report to and who to go to for help. It will also have a timeline of 90 days. Another departmental goal is training; providing trainings and education is part of the chart since workers need to stay educated on their tasks and improvements that could be made to their tasks. 90 days. Achieving all these departmental goals will help us be able to achieve a corporate goal that is doubling sales. Another goal is promotion; employees who have excelled in their specialized areas will be promoted; adding this to the chart will ensure employee's recognition in that department timeline will be 90 days. Changing the accounting and financing organization chart by adding three more employees will increase productivity, which will help the company have more products to sell, which will help double the corporate sales.

Atha Corporation

Accounting and Finance

Organization Chart

Vice President

Accounting and Finance

Controller

Manager

Account Receivable

Senior

Financial Analyst

Manager

Account Payable

Financial

Analyst

Financial

Analyst

Account

Payable Clerk

Account

Payable Clerk

Account

Receivable Clerk

Account

Receivable Clerk

References

Allbusinessschools. (2020, June 17). HR job description | Read career path options | All business schools. All Business Schools. https://www.allbusinessschools.com/human-resources/job-description