"Management, Public Relation, and Professional Accounting Issues at the Workplace" Capstone Project

 
 Capstone Project has faced several challenges that have hindered its smooth running. However, with the knowledge acquired throughout this course, most of the challenges have been dealt with efficiently. This is in regards to critical and creative skills that we have been equipped with, and knowledge of various disciplines. Moreover, there have been successful implementations of different strategies put in place to facilitate it’s functioning as demonstrated in this report. Most of these issues related to those demonstrated in Weil’s book (n.d.). Professional Accounting Issues at workplace Pressure The current management team placed a lot of pressure to the accountant working for this project to ensure that there was a clear and accurate creation of balance sheets as well as all financial statements. This is due to the current competition that has been recorded and the desire to ensure that the project is running on time. Amidst the pressure, accountability and transparency was required from all the employees in regard to the distribution of resources through various channels. None the less, this has been a challenge among many of the accountants and other staff responsible for handling finances in the workplace. Majority of them made errors which have resulted to unaccountability of some finances in the project. Omission of relevant data This practice a common practice with the accountants where whereby some staff intentionally omitted vital figures while compiling the balanced sheet. However, there are several incidences omission of relevant data would occur as a result, of human error due to the time constraints. Whereby the time required completing the task is less. As a result, the information which was being complied in many cases was unreliable. This has led to poor budgeting and constraints resulting to unequal distribution of resources. Embezzlement of resources Some employees take advantage of the fact that some figures are missing in order to utilize some resources that they have not been given the authorization to use. Some went to an extent of using some resources for secluded benefits since there was no accountability for it. As such getting other resources to replace the one’s termed missing has been a challenge. Moreover, it has tarnished the intent of the project and as such many of our funders have been inquisitive on the real objective of this project. Management Issues Lack of team spirit The management team at my workplace failed to integrate team spirit in this project. Many people lacked the will to work together in order to increase the chances of the prosperity of this project. As such people are not sharing their ideas to bring about diversity in the project. More so, people were not helping each other out in instances where they get stuck. This was a challenge as many ideas got wasted because people were not airing them out. Moreover, the working environment become more hostile as every individual was out looking after their needs rather than combing efforts to ensure the projects runs smoothly. Lack of proper chain of command Subsequently, this place lacked a clear chain of command which was an issue when dealing with organization’s problems that relate to employees. The people in power had not established their area of jurisdiction and as a result, many of them had meddled in affairs that did not pertain to their field of specialization. This led to dismissing of qualified employees in this organization. This was also a challenge because the company would have to employ other staff which is a long process, and takes time before the new staff can be on board with the other employees. Unreliable managers Some managers failed to abide with organization’s requirements that required them to discontinue unproductive employees and those who broke ethical conducts. This was as a result of some close relationships they established with the employees hence making it difficult to remove them from their job. In other cases, it was due to excuses given by the employee which placed the manager in a fix. As such, it impacted on the productivity of the organization as a whole. This is because the remaining employees were overburden which has led to depreciating of the quality of work. Public Relation Issues Impecunious communication skills The relationship between all the stakeholders in this project was a key interest since it has underwent through various challenges. Most of the employees at my workplace failed to integrate proper characteristics that help in ensuring an effective public relation. First, a majority of them lacked better communication skills necessary for connecting with the public as well as the stakeholders in this company. Subsequently, different clients prefer different styles of communication and as such the team responsible for public relation should have the ability to adapt quickly to diverse forms of communication. However, our team was not up to the task. This is also in relation to passing of information to the right channels and ensuring that the information has been acted upon. Failure to do this led to many instances of miscommunication, and the needs of our clients were not efficiently met.