How Can a Management Accounting Report Assist an Operational Management on Their Roles and Responsibilities Free Essay, Term Paper and Book Report
Management accounting report as effective both on the financial and non-financial part of the organization. According to Garrison et al (2003), information extracted from management accounting report is very general and it can fit into all organization by helping manager make crucial decision on the major activities in an organization, which are planning, directing, motivating and controlling.
One of the most important assets in an organization is the employees themselves. High turnover rate is very costly because recruitment and training process for new employees are expensive. Therefore appraisal should be made based on the front office report. For example: appraisal can be done by looking at the upsell record and feedback from guests, peers and superiors. Appraisal is crucial in an organization because the data collected can be used for future reference for promotion and salary increment. An article in Businessballs (2010), shows that another important role of appraising employees is staff motivation, communicating and aligning employees and organizational aims, as......
Word Count: 829
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