For your initial post, you will choose between Topic 1 or Topic 2. For your responses, you can respond to your fellow students for either Topic 1 or Topic 2, ensuring a total of two responses.
Topic 1:
All managers must have an understanding of the company’s and/or department’s finances. Managers are responsible for the finances within their department. In order to make sure that they stay within budget, they track different types of financial sheets.
Main Post
Discuss the types of financial sheets that are commonly used by managers
Explain the type of information is listed on these sheets
Describe the usefulness of the information for the manager
Identify the importance for a manager to understand the departments finances
Topic 2:
An important goal of quality improvement is to improve the performance of an organization by improving financial efficiency. Business plans are one tool for making decisions about the feasibility of new organizations, products, and services. An organization’s financial activities and position are summarized in four documents collectively referred to as financials.
Main Post
Research the strategic planning process
Explain the purpose of an organizational strategic plan
Describe the role of an organization’s business plan
Identify the how an organization’s business plan affects the decision-making process
For both Topic 1 and Topic 2:
Your main post should be at least 250-300 words in length
Using no fewer than 100 words, respond to at least two of your peers’ posts.