Managerial Decision Making Essay Example | Topics and Well Written Essays - 1250 words

Managerial Decision do - Essay ExampleI have also been asked to perform a self evaluation of the decisions do and to evaluate them myself as to whether I think they were a success or failure for the organization. My supervisor has asked me to email him this evaluation as part of my own yearly evaluation which leave behind be used to ascertain my yearly bonus, so I have decided to make it as professional as possible. interchange In posting my self evaluation regarding some recent decisions that I have made for the college, I have decided to evaluate each decision in terms of the six steps mentioned by Bazerman and Moore (2008) in their text and use this as a guide to determine whether each decision was a success or a failure. In this context I would like to define success as being an outcome where it has resulted in a reduction of effort on the part of staff or automated a wait on or reduced cost or improved the quality and might of the college and its staff. If it did none of these things, I would regard it as a failure. The Office of Fiscal Affairs where I piddle is responsible for receiving and all in allocating funds for college use, as well as safeguarding financial assets. We must also conform to all Federal and State laws as well as maintain adequate internal control everyplace the assets with which it has been entrusted. As the Senior Accountant, my objective has always been to minimize burdensome and time-consuming procedures in order to mask the flow of business transactions as smoothly and conveniently as possible. In this post, I will share with you some of my findings from the audit and how I intend to fix them as well as distract repetitions of these errors in the future. Finding 1 Grant Expenditures Coded to Operating Expenses During my audit I noted that there were no set procedures for the invoicing of divide expenditures. Many be that were allowable as Federal and State grant costs were recorded as general costs instead. The Fina nce Director and the Grants Manager did not coordinate and retrospect the expenditures for inclusion as Federal or State grant expenditures. The current invoicing practice has contributed to the Colleges go over in recording revenue in a timely and accurate manner. The optimal decision would be to correctly code allowable costs to the proper Federal and State grants so as to outgrowth cash collections and better maintain the accuracy of the Grants Receivable balance. I strongly suggest that management study this problem and I further suggest that a formal policy and procedure be follow to classify revenues, costs and expenses so that accounting personnel have a clear responsibility and function in the approval of invoices sent to the Colleges grantors. In fact the College has procedures in place for processing grant expenditures. The previous administration elected not to use these processes which include collaboration with the grants department, administration and the busines s office. The College is reviewing this process and taking appropriate action to ensure that clear responsibility for the approval and classification of expenditures are mum in expenditures of Federal and State grants. The review process includes more involvement of the Grants Office and the Accountant in the Business Office that is responsible for accurate expenditure and billing for