Getting The Figures

Management Meant Accounting

Accounts and accounting mean management to a certain degree. Accounting is about record keep and transactional activity that related and pertains to the running of the business. Anything that is purchase or expenditure related means the need or requirement for a document account to be created.

Bank accounts through completely different from business transaction accounts are similar in some ways. Accounting means record keeping of financial transactions whether it be related to company business or bank activities. The relationship between the bank and the business company is purely plutonic and any dealings for self, or transactions between them is purely for self or personal gain.

The idea however in a workable society is to have smooth flowing relationships with customers whether or not they see eye to eye is not important but instead whether or not they can meet on even terms in order to complete a business transaction. Accounting can become quite insurmountable with record keeping becoming more of a problem than advantage as far as accounting information is concerned. There's whereby one would sift through and through out of day records.

Accounting provides the necessary proof for details required by others for any given reason. Records should be made available when request for tax and business sales for example. The records need to be accurate and clear to read. The principle is if a business account properly, profit will follow on. Is a company can't keep proper records it will lose.

Overall then accounting means accounting to others and to the expert it is just the end result that matters.

Management Meant Budgeting

In most situations the most organized in business wins. That means sales projections, wage budgets and expense forecasting in many different things. Budgeting goes even deeper than that it derives itself from the central core of the company. Which means we must be able to dig deep in order to successfully satisfy all the different criteria of expenditure budgeting.

Wages, sales, expenses, all must be budgeted for, requiring long term goals and short term plans that infiltrate to the main structure of the organization. Budgeting is about predicting future trends and making allowances for probable and possible realities. That we must be able to understand and predict tomorrows markets.

Organizations must predict strategies for their companies. Budgets must be procedures in order for the organization to survive and complete. Profits must be for casted and budgeted for and by which one has the capability to predict future transactions and capital flow. Cash purchases and management controls in budgeting is difficult.

One should expect and average 10-15% increase each year. Attain that or maintaining it is difficult. But it usually balances out and interrelates with other pre-requisites. The ratio or relationship between budgets and actual attainment is comparable.

It is almost impossible to achieve the exact figures. Though the information helps improve future budgeting. It would be nice to always have a balanced budget. It would be negligible to ignore the association between actual achievements and budget forecasts.

Management Meant Balancing

At the end of the day when all the transactions are completed the till must be balanced to check for accuracy and any discrepancies. This procedure is carried out across the board in any and all organizations that function as a public liability company.

The point of course is not whether it needs to be done, rather that it is carried out as a routine checking procedure. It's a bit like the big picture, small picture idea. In that the earth revolves around money in the business world and when you're making a dollar you have to be accountable and responsible for its destination and journey. Like to the earth remains in balance and equilibrium within its orbit, maintaining its position and relationship with other planets.

So to do different organizations interrelated in their business and harmony in order to balance their individual companies not only with the rest of the business world but with community and social sectors that need assistance, support and scope. So too does the government balance with business but utilizing taxation resources to reinvest in business and other support groups like health, finance and education.

So at the end of the day not only do we know what sales and profit we are making but we also have a stable relationship with our investors.

Management Meant Calculations

Top grade, high profile, super efficient executives, plan, decide and calculate strategically the goals, objectives and ideas. This means having or being able to effectively calculate formulas, budgets and forecasts in order to understand and interpret trends for plans that are expected to happen or eventuate.

Calculations are arithmetic proposals that end in a formulated idea or possible prospective result. To calculate or to consider is like planning and objective setting with strategic force and power. Meaning that you are taking control of the situation in order to facilitate a desired result or outcome.

God knows that management loses control of some realities and the ideal is not always the perfect harmonious desired answer. But calculating and thinking in logical and strategically thought out and theoretically proposed ways, means and ensures positive end results with a minimum of fuss and wrong results.

The first thing to do when calculating something is to ensure that anything you consider is wisely and accurately digested in order to know the actual facts are going to be right.

Management Meant Deadlines

In the hustle and bustle of getting things done the manager has to work with time constraints and deadlines. What he has to get done must be finished within given time guidelines which means applying the necessary restraints to do so. Time can be a highly critical factor in the idea that if you can't fulfill an order in a given time period you may lose that sale.

For the purpose of obtaining all sales and filling al order deadlines are set in order to complete and do just that. There are many effective and positive ways of achieving those goals, there is for instance "just in time" management plans whereby the product being produced is completely finished within a specified time period in order to fulfill that particular job, whereby it incorporates any given amount of products as long as it is finished in the prescribed time.

Which means detailed analysis and time awareness of all the specific areas of the job. As they are understood they can thereby be programmed into the production line in order to fulfill the order just in time. This modern high efficiency streamlining enable the mass production of today's needs in that while the business world remains highly competitive the effective companies and continuously and efficiently producing and obtaining the desired results

Management therefore meant deadlines.

Management Meant Equations

Within the guidelines of budgeting and drawing up structures for future monetary and productive ventures. One must be able to consider the different relationships between the potential investments in light of the profit drawing capabilities and their ability to draw, earn and develop interest.

Some of the simple ways of calculating and differentiating the possible contingencies and outcomes is to use a variety of ratios and equations. For example you could do a sales to wages projection to establish you're future requirements for the next six months. The might mean reading profit to increase turnover or balancing you're means markup to facilitate the necessary sales variances at different times of the year.

Alternatively you might consider organizational strength in investing in diverse building facilities. In which case you might centralize a warehouse to distribute to your decentralized outlets. In which case you would need some statistics. On freight consignments and certain turnover so you could adequately calculate you're requirements for trucks, loading and unloading and unloading and the petrol and man hours involved.

Equations are basically simple comparisons of organizational necessity expressed statistically they assist in easy viewing and understanding of direction to make a decision.

Management Meant Reaching Goals

As part of the management role we set objectives have aims, make plans and pursue goals. Management meant reaching goals because it is pointless getting all these objectives for things, aiming for things and planning to do things unless we actually desire to achieve them. The point being is that if I set a goal I have to continue in that direction until I achieve either all or enough of the goal I nave set.

It would be pointless and frivolous to pull out half way or to decide that it was too hard. What that means is I have to be realistic in my goal setting and I have to set realistic goals. I can only achieve my goals if I am dedicated, honesty, planning and aiming of what I am actually doing. Goals are good. Goals give us purpose and meaning. Goals set new levels to reach new standards and provide us with interest, entertainment and a joy in living.

If I set a goal to make $50,000,000,000 I am not being conscious enough about the things going on around me, if I were to drop it to $50,000,000 I am still unaware of all the key and related facts. If I set a goal of $5,000,000 this could be realistic over a period of 5 years. But if I could put enough 5 year periods together I could probably make $50,000,000 so in order to make $50,000,000,000 I would have to supply everything ten times over in order to do it. I don't have enough time. But if I could conceive a way to do it.

Therefore goals must be set according to vision, ability and heart.

Management Meant Missions

In any organisation a company must produce products that are financially and economically viable if they are to stay in business for a long time. Things will sell any way but a company has to have the right product, the right marketing strategy and the right sales techniques in order to sell their product. Selling is what industry is all about.

After all why produce something if it is just going to sit on the shelf and do nothing. It wouldn't make sense! It would be silly?! Things must sell, they must be marketed properly not only though advertising but through presentation and display methods at the point of sale. If something sits on the shelf too long it should simply be taken off and replaced with something else that will move. If something is trendy or in fashion it will sell faster. If something is out of date or sometimes demand a very high price because of its uniqueness. However in any and most cases a product is designed to be sold.

Usually it is just a question of price, but other times it is a friendly and helpful sales assistant or a clever and smart salesman that convinces you to buy what they have for sale in the end. Anyway it does not matter how much you buy as long as you had the money in the first place and had enough responsibility to be accountable for it.

It is not a question of who has the most things wins but instead who is the wise strategist to learn and knows how to sell.

Management Meant Projection

Management requires many budgets and tools. Projection and forecasting are a big part of those. Projection is the idea of estimating how you're company will perform in the coming year or year and panning accordingly to suit these projections. Projections as the word implies are an amount of projects that are formulated together to attain the desired figures for your budgets. Projects must be of a positive nature and beneficial to the community whilst maintaining some company value and asset worth to the corporation.

Projection means allocation of time and money. It requires accurate analisation of figures and amounts directed and specified over set time frames. Projection is also about predicting profit and illustrating by highlights trends what the future sales and costs figures will be. Great expectations are desired out of business projections but unlike forecasting which is like planning projections are affirming how actual goals will work out. It is best to keep time frames flexible and money commitments firm due to weather and other related factors.

Planning time is still essential and it is wise to have a bit of money up your sleeve just in case an emergency arises. Projection of project cases and all relating factors of the projects within the organization must be thoroughly scrutinized and check to ensure there feasibility and logical direction for profit worth. Turnover when projecting is unimportant but rather the emphasis goes on thoroughness instead of rapid production. Most projects command big dollars and t hey also mean long term standbys as in buildings etc. so it is reasonable to assess the criteria for all examples as essentially and fundamentally imperative in all aspects.

Strategic thinking is the most common means of attack.

Management Meant Selling

In any organisation a company must produce products that are financially and economically viable if they are to stay in business for a long time. Things will sell any way but a company has to have the right product, the right marketing strategy and the right sales techniques in order to sell their product. Selling is what industry is all about. After all why produce something if it is just going to sit on the shelf and do nothing. It wouldn't make sense! It would be silly?!

Things must sell, they must be marketed properly not only though advertising but through presentation and display methods at the point of sale. If something sits on the shelf too long it should simply be taken off and replaced with something else that will move.

If something is trendy or in fashion it will sell faster. If something is out of date or sometimes demand a very high price because of its uniqueness. However in any and most cases a product is designed to be sold. Usually it is just a question of price, but other times it is a friendly and helpful sales assistant or a clever and smart salesman that convinces you to buy what they have for sale in the end. Anyway it does not matter how much you buy as long as you had the money in the first place and had enough responsibility to be accountable for it.

It is not a question of who has the most things wins but instead who is the wise strategist to learn and knows how to sell.

Management Meant Sales

The name of the game in any manufacturing wholesaling or rotating organisation is to be able to sell your product in whatever requirements you dictate or project in you're planning. Sales or selling is an art given to few or limited and selected people. The ability to sell is a gift in that once you have made the sale or exchanged contract you have made a legal and binding agreement enforceable by law with respect to the terms and conditions designated and delegated but the seller.

Of course there are government regulations which mean that there is a reasonable allowance made for unfair treatment, misrepresentation or underhanded dealings that might be brought about by poor quality products or sly and misleading sales persons. Respect must be given to legal representation of the exchange, but it is usually recognized as good policy to refund or exchange with suitable proof of purchase or invoicing deliveries.

The need to adhere to terms and conditions is justified in the right to ownership or possession, whether you're purchase from a supermarket counter or a personally attending to by a super sales you have the right to dealing the offer to buy or choose to accept whatever it is you wanted to purchase, providing you had means to pay for it or could negotiate and exchange of comforts.

Management Meant Results

The formula for success is being able to come up with the goods. Being able to meet and supply the needs to the needs in order to obtain and achieve the results.The results are a combination of effort planning and attainment of goals through objective setting that ultimately come about b diligence, good management and superiority. Results still are and remain to be the key factor or element in a business endeavor or strategy.

It is pointless and self defeating to try and achieve something without acquiring the results. It is pointless and undesirable to set out to accomplish something and not obtain what you were seeking the right and necessary results. Granted it is not without commitments and perseverance diligence that one aims or seeks to want to achieve. It is collectively the desire to see through and finish that which you have started in order to in the end ultimately attain the results. The point is not a matter of necessity to do. But contrary a matter of obtaining what was sought to be done. Management meant results because results are the reward or the prize for the input and performance of the work.

They are the final piece to the puzzle of what was set out to be achieved and what was obtained in the end. They may well be greater personnel, harmony, and corporate expansion. Asset growth, greater profit or simply managing to continue to supply and fill the needs of the customer. In any matter of concern the endeavor must have of been able to make results. It is not simply a matter of awareness but a concentration on the facts that lead to obtaining the target.

Beating budget or undercutting costs that in the need formulate results leading to success of the business venture.

Management Meant Records

As we all know in business accounting plays a big part in our organizations transactions and book keeping systems. Not only do we need to know our assets worth or our sales and wages budgets history but we need to keep records to track stock items history and fluctuation seasonal trends in the product cycle.

Records are like any other management tool vital to the smooth flowing systematic continuation of the company's organizational history and of procedural performance and product history. Records can be kept for any designated period of time usually as long as they are still relevant. Some personnel history and tax or wage history has government designation as to how long they must legally be retained. I have a record or every tax return since I started working and whilst that might seem overboard it can be looked upon as an example of how important it is to keep records and why if I am queries on a record I have good and legal roof of government money I have paid.

Records can also be that budget we are trying to beat or that sales promotion to beat all others. It can be ratio of profit margin that is all so illusive to the customer successful at the end of the day. We try to beat our old records not only in increasing sales but in beating old management systems to become superior in or trade or field.

Record keeping allows as to maintain our own companies products history to establish an acceptable as safe trading level or to see dogs and star lines that can be increased, weeded out or reduced, usually producing a better and more up to date product availability servicing our customer's needs.

Records remain vital.