There are four main types of accountants. Their differentiation comes from the various accounting responsibilities with which they are charged. They include public accounts, management accounts, government accounts and internal auditors. Each of them have their own financial management specialties and fields. Business Training in Kenya has more articles.
Role of all Types of Accountants
Literally all accountants are usually involved in recording and analyzing business transactions, bookkeeping and assessing the financial capabilities of businesses, government organizations and nonprofit entities. Accounting practices usually differ according to business arena, management status and experience. A degree in accountinghelps one to be familiar with many types of accounting and the financial services.
Different Types of Accountants
Public Accountants: Public accountants are also called assurance services providers. This is the broadest and most varied field of accountants. Public accountants practice bookkeeping, financial analysis and account management services for their clients. They can do this for individuals, private businesses, public firms, government agencies or not-for-profit organizations.
A public accounting business can be a one accountant business, a partnership involving two or more accountants, or a firm containing hundreds of accountants. It involves preparation and advice consultations in the areas of employee compensation and accounting system design. Some public accountants are involved in auditing. They audit their clients’ financial records to ensure statements have been handled properly, reporting their findings to investors and authorities. These accountants primarily look at historical financial data, discovering problems or errors in retrospect. Another specialty under public accounting is forensic accounting. Forensic accountants analyze historical financial data in order to deal with crimes such as securities fraud, embezzlement, money laundering and other questionable or illegal financial activities. Forensic accountants draw on law knowledge as well as accounting abilities, and may work with law enforcement and lawyers. They may also appear as expert witnesses in court trials.
Management Accountants: They are also called private accountants or cost industrial or corporate accountants. They offer their services to the general public. Management accountants are employed by a business or agency for the purpose of recording and analyzing the company’s financial data. The management accountant uses this data to carry out tasks such as asset management, budgeting, performance evaluation and cost management. These accountants are often involved in budgeting for the release of new products, as well as in preparing financial data for investors and tax authorities. Management accountants primarily look at past and current data in order to plan for the future.
Among others Financial Challenges Facing Entrepreneur in Kenya are key. Business Training in Kenya has more articles on the same topic. Others include the following;
- Lack of accurate information,
- Lack of Finance,
- Fear to Risk- Taking,
- Lack of Education and Training
- Lack of Support.
Competition and the Financial Challenges Facing Entrepreneur in Kenya
Competition is one of the Financial Challenges Facing Entrepreneur In Kenya. Competition is seen in form of the size of Market Share in the Rural Setting. There is limited expansion in these settings. New Competitors such as mini-super Markets with wide varieties of products for those who were engaged in selling household products are emerging.
Workplace Communication concerns the interaction or the sending of information among the organization employees. According to the studies done in most of the organization it reveals that many organizations suffers from performance because there lacks an effective communication in it employees. It will be difficult for the company to succeed in achieving its objectives if the people who are supposed to bring the success are not in agreeable terms or cannot sit together in a table to discuss the way forward for the benefit of the business. Workplace Communication is achievable in various methods, but the one and the most effective is for the managers to create a good Workplace Communication and the other employees will follow since it works with the model of, “follow the leader.” Business Training in Kenya has more articles.
Workplace Communication should be effective
Workplace Communication should not only be just sending of information from person to person, rather is should aim at creating a meaning to the receiver and in return the sender should have the feedback. The Workplace Communication cycle should be continues because without the continuity, there will be no coordination of the organization resources to bring success. Therefore, there should be an effective Workplace Communication. Through effective communication, the workers will not only know how to write and talk effectively, but will also be trained on listening skills and decoding of information to bring change in the organization. Effective Workplace Communication can be created in employees by the following ways;
- Show the employees the importance of workable Workplace Communication.
- Give different methods or channels of communication
- Build communication confidence in workers.
- Management and prevention of workplace conflicts and problems
- Helping the workers to have both the negotiating and the methods to influence each other
- Employees should build listening skills.
- Let the speaking and the writing skills be built
How to improve Workplace Communication
Workplace Communication should be enhanced by either the managers or the employees at large. Several ways of bringing good Workplace Communication is by;
- Setting a business goal that is shared by all the employees. Let every organization goal be communicated to all the employees because it will ensure the workers communicate with each other in order to bring the success of the goal.
- Give each employee his or her role or contribution towards the achievement of the organization objective. Workplace Communication will be effective if each person know what is expected of him or her in therefore there will be no conflicts of interest arising from employees working on the same thing.
- Regular and all the employees’ communication help people to interact often and remove the miscommunications between themselves. Let be there a team building such that people can get more close to each other. This will help the employees to learn each other boundaries on social matter therefore having respect that will bring effective Workplace Communication
Importance of effective Workplace Communication
Workplace Communication brings workers satisfaction and the work feeling as part of the organization. This has an effect to even increasing their productivity in the organization. When an employee performs his or her work productively, he or she is in a position of receiving rewards such as pay rise. Functioning relationship are also created with a good Workplace Communication. Organization will also benefit from the effective Workplace Communication by achieving its goals and projects not only successfully, but in a timely manner.
Conclusion in Workplace Communication
Workplace Communication creates a good working environment for the workers which have a positive effect in the productivity. Effective Workplace Communication can be created by various methods put by either the managers or the workers. There are long ripped benefits from tan effective Workplace Communication.
This article is an Essay on HIV Aids. Research has established that already more than 40 million people around the world have been infected with HIV/AIDS. HIV/AIDS is responsible for most of the deaths each year compared to any other disease. Business Training in Kenya has more articles.
HIV/AIDS is mostly concentrated in Africa. Over 27 million people have died since the first case was discovered in 1980. Treatments have been discovered in a number of times although they are normally just successful in slowing the progression of the infection from HIV to AIDS or from AIDS to death, they are usually unaffordable and unavailable to many of the patients.