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Planning and control in accounting
In the functioning of a company, there are two things which must be given focus- planning and control. Without ensuring that these elements are looked after the company cannot smoothly carry on tasks. Planning and control are both departments tended to by the managerial and administrative wings of the organization.
The executive boards, managers, and chairpersons come up with plans and execute control over company matters. With planning and control and performance evaluation assignment help, this can be made simpler. Making a plan and executing it are two very different agendas. The topmost strata implement a plan, and the management executes it.
The execution process is where control comes to play an important role. Control is again a process which the management department undertakes. Control is usually over subordinates. The higher strata conduct scrutiny over their subordinate employees so that work is done efficiently. If the baser employees begin to slack off or not work up to their potential then production costs, overhead costs keep increasing.
Using planning and control and performance evaluation homework help helps students appreciate the role of the administrative and managerial staff in making sure that a company functions smoothly. When these two functions are conducted efficiently, then profits are guaranteed, and the organization also runs without any hiccups.
Learning basics of performance evaluation
A company has to evaluate their performance over a period of time. Usually, evaluation of the company takes place on a yearly or quarterly basis. Along with the company performance, the employees also undergo scrutiny. This evaluation is done for two primary reasons. Firstly, to motivate the employees to work harder and provide remuneration in the form of benefits, promotions and salary hike to hardworking employees. Secondly, it is used to weed out those persons who are not working hard, and it could help warn or replace them.
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