Financial Reports Essay Example

Communication and accounting 12

Communication

Communication skills

  1. Listening attentively

I would listen attentively to my interviewers so as to get every detail of the questions I am asked. By this, I would get a better control over how I should reply.

b) Expressing my thoughts

One should be sure that he is clear in expressing what is in his mind. I would therefore speak in an even and positive tone to get my point across clearly and also be sure to ask whether my interviewers understand what I mean.

c) Confidence and clarity

One ought to have confidence in his/her view points and ensure that what he says is valid and important. One should be willing to compromise when no definite and clear answer is expected for the discussions. One should also avoid use of critical tones that make the interviewers to stop listening to what one is saying.

d) Consider others

I would ensure that I do not monopolize the conversation. I would maintain eye contact with the interviewers.

e) Non verbal message

One needs to be attentive so as to capture all non verbal messages from the interviewers and correctly interpret them.

2. The following are the groups of people I am most likely to have oral communication with once I am successful for the interview.

-the managers

-the senior members of staff

-other recruits

-fellow colleagues

-Subordinate staff

3. Forms of oral communications we are most likely to have with the above groups;

-One-on-one speaking- this is when we speak with an individual member of the group one-on-one.

-team based oral communication

-speeches and presentations

-Oral examination

4. Yes. I am an effective communicator since I possess the following qualities;

I communicate confidently in a clear and precise manner, I am able to create and maintain strong interpersonal relationships, I am able to rebound quickly and completely from rejection, friendly and approachable.

I am able to observe fine details and listen tentatively to get even the finest details as well as build rapport easily.

5. The following are the possible tips for improving communication in an organization;

1)   Vigorously solicit response about once own communication, as well communication within your group.  Ask the employees about issues like: 

     When I talk, am I generally precise and clear about what I am saying? 

     Do I communicate well in the company? 

     Do you have any thoughts about how we could improve our communication?   

Think about including the above queries (or similar ones)   in the performance management process, and staff meetings. 

2)   Evaluate ones communication acquaintance and understanding 

3)   Design with the group members/employees how you ought to communicate in the group/business. Agree on the following issues; 

     a)   How to handle disagreements. 

     b)   How horizontal communication ought to work (between the group members). 

     c)   How vertical communication ought to work (for example director to employee, staff to manager). 

     d)   What information ought to be available and when it should be available. 

     Once a compromise is achieved, support the implementation of the goals via positive reinforcement as well as coaching. 

4)  Asses at the effect of the organization structure and how it affects communication.    Indirect communication is known to cause problems.  Look for ways to increase direct communication where communication will e through wrting. 

5)   Learn about, and make use of active listening skills.  This will set a tone and contribute to positive communication environment.  Practice active listening as it is important. 

6)  Information should be relevant to the parties involved. The communicator will know his relevance through:

The body language and the facial expressions of the audience will indicate whether one is relevant. The audience use body language such as nodding and smiling to show their understanding.

The verbal response of the audience such as participating in discussions or the subject will also show the presenters relevance to the audience.

7. The following would be my answer to the query,

Our company is Davis and shirlift. We specialize in water engineering mainly dealing with borehole services. This includes boring of bore holes for industrial as well as domestic use.

ACCOUNTING

1. Taxation compliance records are very important to a business since a business needs evidence that it complies with all rules and regulation. This will help the business avoid getting into problems with tax authorities and the state which will guarantee a peaceful environment of doing business.

  1. a)Taxable income = total income – allowable expenses –non taxable incomes

b) Net tax payable= (taxable income) tax rate –any personal reliefs

c) Tax refund= money paid to tax authorities –actual tax payable

d) Tax payable= taxable income × tax rate

3a(Resident)

1st $6000 exempt

Next$(6001-43000) ×.15= 5550

Next$(43001-56239) ×0.30=3971.7

Total tax =$9521.7

Average rate of taxation =9521.7/56239 ×100% =16.93%

The amount is exempt from taxation.

Average taxation rate =0%

1st $ 6000 exempt

Next$ (6001-6823) ×0.15= 123.45

Total tax= $123.45

Average taxation rate = 123.45/6823×100%= 1.81%

1st $ 6000 exempt

Next$ (6001-37500) × 0.15= 4725

Total tax =$ 4725

Average rate of taxation = 4725/37500×100%

Average range

1st $6000 exempt

Next$ (6001-43000) × 0.15= 5550

Next$ (43001-76590) × 0.30= 10077

Total tax =$15627

Average rate of taxation =15627/76590×100%

1st $6000 exempt

Next$ (6001-43000) × 0.15=5550

Next $(430001-66000) × 0.30= 6900

Total tax=12450

Average rate of taxation= 12450/66000×100%

1st$ 6000 exempt

Next $(60001-35263) × 0.15=4389.45

Total tax= $4389.45

Average rate of taxation 4389.45/35263×100%

1st$ 6000 exempt

Next $ (6001-42369) ×0.15=5455.35

Total tax =$5455.35

Average rate of taxation 5455.35/42369×100%

(Non resident)

1st $(0-37000) × 0.29= 10730

Next$(35001-56239) ×0.30 + 10730=17101.7

Total tax =$27831.7

Average rate of taxation 17101.7/56239×100%

1st $(0-4582) × 0.29= 1328.78

Total tax= $ 1328.78

Average rate of taxation 1328.78/4582×100%

1st $ (0-6823) × 0.29= 1978.67

Total tax= $1978.67

Average rate of taxation 1978.67/6823×100%

1st $(0-37000) × 0.29= 10730

Next$ (37500-35001) × 0.30 +10730= 11480

Average rate of taxation =11480/37500×100%

1st $(0-37000) =10730

Next$ (35001-76590) × 0.30 +10730 = 23207

Total tax =$ 23207

Average tax rate= 23207/76590×100%

1st $ (0-37000) × 0.29=10730

Next$ (35001-66000) × 0.30 +10730=20030

Total tax= $20030

Average taxation rate= 20030/66000×100%

1st$ (0-35236) ×0.29=10226.27

Total tax= $10226.27

Average taxation rate = 10226.27/35263

1st $ (0-37000) × 0.29=10730

Next $(42369-35001) ×0.30 +10730= 12904.4

Total tax =$ 12904.4

Average rate of taxation =12904.4/42369×100%

The types of journal to be used for the transactions above include the following;

  1. General Journal

Cash /bank account

Discount allowed

Debtors account

  1. General ledger

Cash/bank account

Motor vehicle account

  1. General Ledger

Inventory account

Creditors account

  1. General ledger

Cash/bank account

Sales account

  1. General ledger

Cash/bank account

Interest account

  1. General ledger

Advertising expense account

Cash/bank account

A Johnson

Cash Receipt balance as at 18th January 2011

Date particulars amount

18/1/2011 S Kelly $489.00

18/1/2011 m.vehicle $16500.00

18/1/2011 sales $620.00

18/1/2011 interest received $105.00

18/1/2011 balance c/d $17,714.00

Works Cited:

Howard, D2007, Principles of Management accounting, Avebury: Aldershot.