Tuesday, January 18, 2011

Budget Variances. . .

Talking about variances... these are things shown in the management reports at year end.

Reports that will reflect Management's performance for a given period and your boss may give you a handshake and a thumbs-up saying: Congratulations! You made it for a higher post next year!

or, just close your reports and ask you: anong nangyari?

Plain tagalog, just for you to understand clearly. looking at you straight to the eyes, trying to squeeze out from you a miracle that somehow, will change those variances in the report.

This will determine how good a manager you are, and during the year, before reports are constructed and validated, you and your team should be working on these stuffs.

Quote: "Show me a man who is a good loser and I'll show you a man who is playing golf with his boss" - Jim Murray.

Remember using two applications at the same time, having audit of all accounts (not doing your risk based approach), is not only time consuming, inefficient, will give you budget variances, and will give you a ---- appreciation from your boss and tell you: anong nangyari?

As well from your staff. think about it.

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