Write a 6 page essay on Accounting.

Lastly, a budget is important because it is used by the management to monitor the results of operations and to take any corrective actions when such a need arises.

Another concern very much applicable to a manufacturing company like ours is the proper implementation of a standard cost and variance reporting system. According to Gene Siciliano (2003, p. 134), the power of this system lies in the analysis of the differences or variances and utilizing the results of such analysis to ensure that the managers change what they are doing, all for the long-term profitability of the company. The standard cost and variance reporting system is important because it helps management measure the efficiency of each department. it aids management in pinpointing where exactly the deviations occur and in taking corrective measures accordingly. it controls costs and, lastly, it aids management in making the right decisions on which areas need to be addressed (Globusz Publishing, n.d.).

HK Corporation (the Company), like a lot of companies, has its own budget and standard cost system. However, in the last few years, we have been unable to meet our budgeted targets for sales and net income before income tax making the budget fail in its goal to control our operations. I believe that our budgeting process has contributed to our failure to achieve our targets. This report that I am submitting shows why I believe this is the case. My report also contains some suggestions or recommendations on how our budgeting process can be revised to solve its problem and how we can improve on our standard costs and variance reporting systems.

First of all, the top-down approach has led to inadequate allocation of resources and dissatisfaction among the managers. In fact, most often than not, after the director of finance and the other managers met to thresh out the problem areas in the budget, we see our managers often left

   Throughout my nursing career I have had multiple coworkers go back to school to complete the BSN.  I’ve witnessed them move on to advance to higher positions in our organization, teaching, and just having the option to move unilaterally if they so wished.  I secretly wanted to go back to school but never verbalized it to anyone.  Honestly, I believe my fears have prevented me from taking the necessary steps to complete the BSN.  I recently got up the courage to talk to my husband and daughter about wanting to go back to school.  I admitted to them, and most importantly, to myself, that the fear of learning the technology, writing papers, and doing something that is going to take hard work, was preventing me from fulfulling a dream.  I have received nothing but support and encouragement.  So here I am. Taking the first steps to accomplish my goal of graduating with a Bachelors Degree in Nursing.

     I have several concerns as I embark on this journey.  Mainly, it is wondering if I am going to be able to balance working full time night shift with school.  I’ve not written papers in years.  The thought of reintegrating myself into the writing mode and learning the technology facets that are now used is a daunting thought.  As I start to read the posts by all of you I am realizing I am not alone.  I am willing and frankly determined to accomplish this goal.

     After reading the course materials, I am definately realizing I will have to manage my time.  I will organize my day to specifically set aside time to study and be realistic about it.  The one strategy in particular that has hit a chord with me and that I will have to work on most, is asking for help.  I have to acknowledge to myself that if I need help it is okay to ask for it.  It doesn’t mean I am a failure.  Also, I will work on enjoying this journey.