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Running Head: WEEK 4 1

Running Head: WEEK 3 4

Week 4

Eddie Feliciano

Rasmussen

Author Notes

This research is being submitted on November 03, 2013, for Eddie Feliciano B250/LBS2030 Training and Development

Task

Person

· Task: Preparing accounting records and financial statements · This task involves creating accounts entries for all assets, liabilities and capital items. From these accounts entries, the accountants balance them off and post the balance to the financial statements. These financial statements include income statements, statement of financial position and the statement of changes in owner’s equity. · The task needs all the expenses, purchases, revenues receipts as they are the original materials of data entry. · They should have the computers and ledgers used to compile these financial statements.

· There are two areas which need training needs assessment. These two areas are time management skills of the accountant and the communication skills. · Communication skills of most accountants are not the best ones required for optimal result achievement in an organization and so they need enhancement. · On the area of time management, most reports are not got when needed and thus accountant will need to improve on this.

One important data source which is vital and will be used for this need assessment is through job descriptions. This will be necessary as they will allow study of all the responsibilities entailed in a certain job. It also leads to understand the employee responsibilities and their expectations on the job. This understanding will then identify the areas of weakness and strength and thus a rationale will be developed which will lead to thorough supervision and training (Gupta, 2011).

The training will be useful to accountants in order for effective performance of their duties. The type of program which will be needed is individual as not all the accountants are having this problem, but some identified few. The challenges on the way will be technical, meaning that the finding the trainers will be a painstaking as good trainers are rare. Another challenge is the costs involved in training facilities and materials. The challenge of cost can be overcome by using the company’s already existing premises (Cekada, 2010).

References

Cekada, T. L. (2010). Training needs assessment. Professional Safety, 55(3), 28-33.

Gupta, K. (2011). A practical guide to needs assessment. Wiley. com.