The Accounting Manager For The Houston Division - 1134 Words

Early in my career, I learned sometimes one must get uncomfortable to get comfortable and sometimes very uncomfortable to get a little comfortable. Ironically, this is one of those times. I was newly appointed to be the accounting manager for the Houston division in late 2009. Furthermore, I was responsible for maintaining accurate accounting records as well as developing financial indicators for the region. Although the previous accounting manager had left the organization a couple of years back, the position was never filled. Instead, the branch manager held the position as the interim while still performing his other duties. Also, there was a managing director who held double duties as the branch manager and managing director too. My†¦show more content†¦His response didn’t sit well with me, so I decided to investigate further to make sure I was not overlooking anything. Unfortunately, I was right, the more I started asking my staff about those practices, the less confident I became of the financials. It was evident there was no paper trail from the branch manager ever asking the accounting department to accrue the expenses. He did the opposite, he asked them personally, and in returned they were given overtime. Nevertheless, I wanted to change that culture right away. I started by explaining to the team how accounting rules work. Also, the importance of proper record retention. But I had to be careful not raise concerns with the branch manager, as I found out he was kept abreast of everything that I did. From now on I instructed the team that they would need in writing all requests to accrued or re-accrued the expenses, and based on the dollar amount, an explanation when those accruals will be released. I wanted to be in the front-end of the situation, as the new process that I put in place will raise questions about the PL once those expenses realized. Without delay, I went to the office of the managing director to let him know what I had instructed the team. And to be aware that the PL will be affected because of old accruals without resolutions would reduce the margins for the month. The meeting didn t go well for me. He told me that I should have advised him of myShow MoreRelatedFunctional Areas of Business Essay1174 Words   |  5 Pagesthe MBA focuses  on developing  leaders in the area of business administration. Business leader development includes the study  on functional areas of business and roles that managers take to be effective leaders using this information.   This paper will focus on two functional areas of  business and also explain the role of the manager in our areas.   Human Resources and Project Management The first area of business to examine is that of human resources. It is the responsibility of human resources (HR)Read MoreManagement Planning Paper1348 Words   |  6 Pagesexamples of each, and analyze three factors that influence strategic, tactical, operational, and contingency planning. Planning is the core area of all the functions of management. Halliburton Company was founded in 1919 and is headquartered in Houston, Texas with an additional headquarter in Dubai, the United Arab Emirates. Halliburton Company provides various products and services to the energy industry worldwide. 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Enron was formed in 1986 from the merger of natural gas pipeline companies Houston Natural Gas and Internorth. At the time of filing for Chapter 11 Bankruptcy protection in December 2001, Enron had a portfolio of diversified activities ranging from the transportation of natural gas, the generation transmission and distribution ofRead MoreThe Accounting And Auditing Industry916 Words   |  4 Pagesto accurately complete audits of the companies’ financial statements which they relied upon in making investment decisions. The accounting and auditing industry was self-regulated (Cunningham Harris, 2006). Company managers had little accountability when accounting and auditing problems arose. Everything was changed after there were many high-profile cases of accounting fraud, particularly the scandals of Enron and WorldCom in the early 2000s. Each of these frauds caused massive losses to investorsRead MoreDick Spencer Case1616 Words   |  7 PagesCorporation. 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The second section will be the act’s regulations for the management, externalRead MoreEnron s Of Houston Natural Gas And Omaha Based Inter North1347 Words   |  6 PagesEnron s origins date back to 1985 when it began life as an interstate pipeline company through the merger of Houston Natural Gas and Omaha-based Inter Nort h. Kenneth Lay, the former chief executive officer of Houston Natural Gas, became CEO, and the next year won the post of chairman. From the pipeline sector, Enron began moving into new fields. In 1999, the company launched its broadband services unit and Enron Online, the company s website for trading commodities, which soon became the largestRead MoreEnron s Impact On Enron1554 Words   |  7 PagesIn 1985, two companies, Houston Natural Gas, and InterNorth merged to form Enron. Kenneth Lay wanted to create a company that can supply electricity and natural gas at a much lower price. As time went on, Enron ranked as the nation’s sixth largest energy company with global internet trading commodities in plastics, steel, petrochemicals and waste water to name a few (Fusaro, 2000, p. 157). From the time they merged to form Enron up to the point of their collapse, Enron’s executive committee had squanderedRead MoreEnron Of Natural Gas Pipelines Enron1144 Words   |  5 PagesIntroduction In 1985 after federal deregulation of natural gas pipelines Enron was formed through a merger of Houston Natural Gas, and Nebraska pipeline company Internorth. Enron went on to create energy derivatives and in 1990 formed Enron Finance Corp. By 1996 Enron had also formed Enron Capital and Trade Resources increasing their growth from $2 billion to $7 billion and increasing division employment from 200 to 2,000. In 1999 Enron entered the technology market by creating Enron Online (EOL). By

The Effects Of Fracking On Outside Oil - 1172 Words

Worries with the earth have been up front in the United States. Particularly during the presidential race, numerous natural issues are at the bleeding edge of endless discussions. There is an accord between gatherings that residential vitality creation must keep on expanding, yet there are clashing assessments as to where that vitality generation ought to originate from. Should we utilize non-renewable assets or put resources into new and imaginative renewable vitality sources? Our reliance on outside oil puts the U.S. in an exceptionally powerless position on both the political and sparing fronts. Incalculable studies have been led supporting both contentions. While our surroundings is a noteworthy thought for figuring out which sources to use, the monetary ramifications should likewise be weighed. Renewable vitality sources could last uncertainly, however should be repaired and/or supplanted sooner or later. One distinct option for renewable vitality is a practice called Fracking. Fracking is slang for pressure driven breaking. It is regularly depicted as a strategy used to discharge petroleum, characteristic gas (counting shale gas, tight gas and coal crease gas), or different substances for extraction (Philippe Charlez, 1997). At the point when deciding how our nation will deliver fills, numerous variables ought to be considered. On the off chance that fracking is the best approach, we should first we guarantee we know precisely what it is. Fracking alludes to theShow MoreRelatedFracking, An Unregulated Chemical Cocktail Essay1681 Words   |  7 PagesWhat is Fracking? Fracking is a mining approach in which a well in drilled thousands of feet deep into the Earth for the express purpose of gathering oil and gas from fuel reserves deep within its crust. Essentially, drill teams pierce through the planets sediment layers, water table and shale rock formations before placing a casing of cement as a sort of access valve to the raw fuel. This casing also acts as a channel for colossal amounts of water, sand and 50,000 gallons of fracking fluid usedRead MoreFracking : How Fracking Effects People1222 Words   |  5 Pages How fracking effects people Hydraulic fracturing began in 1947 and still happening until now. People have used fracking to produce more than one million oil and natural gas wells since 1947. Currently fracking accounts for 50% of locally produced natural gas and 33% of local petroleum† (Engelder 274). It proved that fracking is valuable because people can get too much natural gas and petroleum from fracking. 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Concerns with the environment have recently been front and center in the United States. Especially with the pending presidential election, many environmental issues are at the forefront of countless conversations. There is a consensus between parties that domestic energy production must continue to increase, but there are conflicting opinions as to where that energy production should come from. Should we use non-renewable resources or invest in new andRead MoreFracking the World: The Marcellus Shale Essay1162 Words   |  5 Pageson overseas oil. Natural gas burns cleaner then that of crude oil. It warms houses, lights up your barbeque, and fuels buses in major cities. The list goes on, there is even ways to turn natural gas into fuel for your vehicle. As wonderful as that might sound the questions are, at what cost to our health and continued wellbeing? Why are gas companies given special accommodations not to have to follow through with laws that have already been passed? 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Fracking is considered an unconventional technique for harvesting natural gas and oil. Where conventional wells drill straight down and can only collect from more free-flowing deposits, fracking allows for horizontal drilling into shale deposits and uses water pressure to enlarge pre-existingRead MoreSociology1037 Words   |  5 Pagesbarriers. In conclusion, it is evident that all three major theories have merit and work in tandem with each other in understanding the complexities of sociology. For most, somewhere along the line we’ve heard the terms â€Å"think outside the box†, â€Å"use your imagination†, â€Å"approach the problem or issue objectively†, â€Å"don’t let your personal feelings cloud your judgment†, â€Å"learn from your mistakes†, and â€Å"a moment on the lips is a lifetime on the hips†. The sum total of these familiar

Travel Alone-Preventive Measure free essay sample

Certainly, travel is more than the seeing of sights; it is a change that goes on, deep and permanent, in the ideas of living. (Miriam Beard) Nowadays, traveling alone has become one of the favorite recreations for many people. Why traveling alone? The bottom-line still retains on the fact that It Is better than books in terms of accumulate knowledge and experience. In solo travel, we directly come across people of different caste, creed and we may develop the virtues of painstaking, patience, endurance and frugality.However, (Pearce, 1988 p. 8) suggested that concern with personal security Is a major factor In the decision making process through which Individuals make their travel choices. Indeed solo travel still possesses certain perils. Thence, preventative measures for Instance accentuate personal security In accommodations, stash the valuables and learn self- defense techniques are crucial to achieve a tranquil outing.As propose by Change (2009), risks In tourism stem from two mall sources: a lack of knowledge about the tourism destination especially compared to usual place of accidence, and lack of knowledge of future conditions, ranging from the weather to extreme natural or societal hazards. We will write a custom essay sample on Travel Alone-Preventive Measure or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Thereby, do pay attention on personal safeness in accommodations when travel alone because it can seem daunting since away from the comfort home and exposes to various menaces. For example, for single travelers need focus to room locking system which include key card locks due to it is more secure than old fashion keys.In addition, it is encourage to utilize the do not disturb sign on the doorknob whenever take a lift. This can create an illusion that he room is occupied and discourage the wrongdoing of transgressors. Besides that, do approach the concierge regarding the area to avoid. They can assist us to choose the safest and quickest routes for excursions. In short, threats such as murder, abduction and robbery can be lessened during traveling alone by pinpoint the own safety and security in accommodations. All in all, traveling solo do allow for a time of relaxation, introspection and self- indulgence.