Accounting and Financial Reporting The Development Process

Question: Describe about the Accounting and Financial Reporting for The Development Process. Answer: The management of staff members is very much for an organization as they contribute their efforts to achieve the organizational goals. The employees should be provided with appropriate training, knowledge programs that help them to increase their efficiency as well as carrying out their tasks objectives. As per the Woolworths, the sustainable development process is being depicted for the purpose of the improvement of the organization performance and also it helps in indicating the appropriate staffs and the members. The key issues which are identified during the process of preparing the financial report depict the inefficiency of the staffs and the decrement of the production with the increment of the costs (Dauber, 2005). This key issue is being developed with indicating the appropriate enhancement of the [process with gaining the sustainable change management in the organization. AS per the Accounting standards of AASB, the accounting issues are being indicated which must be improved by the improvement of the education and the training among the staffs. The environmental challenges faced by the employees must e mitigated by the help of appropriate supply of the equipments and the care for the staffs. This thereby also helps in the improvement of the efficiency and also helps in mit igating the issues which helps in the enhancement of the agricultural concerns. The quality related issues are also indicated by the helps of the Accounting Standards and henceforth the attention for the mitigation of this type of problems must be made by the company (Horngren, 2013). Apart from this, the improvement of the company can be indicated by the enhancement of the security and the tenure with the help of which the decline in the number of sales is being depicted. Henceforth the above mentioned issues and are indicated with the mitigation process for the organization. The main challenge for the human resource department is to select right candidate for the right job. It is the responsibility of the managers and team leader to analyze and determine the needs of the employees which helps to motivate them towards their goals. The employees should also cooperate and follow the directions of their team leaders and managers in order to accomplish their task objectives effectively and efficiently (Industrialrelations, 2016). The staff members should also show their interest to learn new things and acquiring the knowledge and skill of new and advanced technologies. An appropriate flow of communication plays a significant role in establishing healthy relationships as well as coordinating to each other. The employees should be motivated through rewards, appreciation, opportunities and high wages. The employees should communicate their problems to their team leaders or managers and an effective coordination will help them to overcome from difficult situation s. The workplace safety is also very much important for an organization that should be evaluated by the safety managers (Oppermann, 2009). The workplace environment should be friendly in which the employees can perform effectively. References Dauber, N. (2005).2006 auditing standards. Australia: Thomson. Horngren, C. (2013).Accounting. Frenchs Forest, N.S.W.: Pearson Australia. Industrialrelations,. (2016).Managing_employees.Industrialrelations.nsw.gov.au. Retrieved 13 December 2016, from https://www.industrialrelations.nsw.gov.au/oirwww/Employment_info/Managing_employees.page Oppermann, H. (2009).Accounting standards. Lansdowne: Juta.