Definition of Accounting
Accounting may be defined as the science as well as the art of recording financial transactions under appropriate accounts. The American Institute of Certified Public…
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Fields of Accounting
Any business needs computation of profit and loss. The process of computing business computing business profit and loss is known as Accounting. Every business and…
Systems of Accounting
There are basically two systems of accounting: Cash System of Accounting: It is a system in which accounting entries are made only when cash is…
Nature of Accounts and its meaning
We can say that by nature there are only five accounts in the world and thousands of accounts must be related to any one of…
The Performance Process
The Performance Process is a comprehensive approach to staff supervision/coaching. Each of the following steps is vital to the overall success of both you as…
Performance Planning
There are two key elements which are essential to ensuring effective communication of expectations. These are: accurate and current position descriptions and ongoing two-way communication…
Developing Goals/Objectives
Clear performance goals make the performance appraisal process much easier for both managers and staff members. They enable supervisors to focus directly on job performance…
Counseling and Coaching
A key part of a manager’s job is to manage the performance of your people, for that is what produces the results for which you…
The Annual Performance Review
A formal performance review must be conducted each year consisting of discussion(s) between the supervisor and the staff member and a written record of the…
Guidelines for Building a Complete and Fair Appraisal
Frequent Communication Planned frequent communication and feedback on job performance helps overcome fear during the actual formal performance appraisal session. Judge Your Own Performance Evaluate…