Career As Accounting Manager At Coca Cola †Myassignmenthelp.Com

Question: Discuss About The Career As Accounting Manager At Coca Cola? Answer: Introduction: It is important to choose a career where an individual has interest in and has the confidence to prosper. A lady who is much inclined towards being HR would never succeed in sales or in financial matters of the company. It is important to start planning early and attain the degree that would help that individual get into that field of job where it is relevant. An individuals knowledge and skill plays an important role in determining the sector he would in all probability be working in future. This paper would take into account the things that an individual requires to perform in being accounting manager and the ways he can be successful in it. The significance of accounting manager is immense to the organizational success. He is the person who is liable for the planning, organizing, staffing and coordinating the overall activities related to financial matters of a company. The critical magnitude of the accounting function, the accounting manager engages an important location in the management hierarchy of the accounting association. However, the position and the influence of the accounting manager mainly depend on the dimension of the organization (Johnston Marshall, 2016). In smaller organizations, the general finance manager achieves the utility of the accounting manager. In most of the big and medium sized organizations, the accounting manager presupposes the role of the administrator for offering standardized directions and gearshifts for the successful implementation of the financial plan. A financial manager is generally employed by the top management officials and is accountable to them. In bigger organizations, fi nance managers are being hired for carrying out the necessary duties and responsibilities in efficient manner (Dmitrieva et al., 2014). Even though they are being known by diverse implications like the sales executive, director of sales, marketing manager, and the sales manager is stated to be the directing and dynamic force within the sales department. The effective performance of the department of sales mainly depends on the proficient leadership of the manager of sales (Dimon, 2013). The finance manager works under diversified work condition, stressful and requiring to handle extreme situations most of the times. Finance or Accounting managers need to acquire the results from the tem they deal with. The standout factor for the accounting managers has always been their ability in being able to work under pressure. They have to maintain the positive attitude and fervor even the team is going through a rough phase and the going is tough. The finance manager would be accountable for the maintenance of the accounting principles along with the developing of the same, practices and processes for ensuring exact and appropriate financial statements (Venter, Wright Dibb, 2015). Finance manager are in the habit of working in various industries in which they escort a the financial matters of the company. A degree of bachelor might prove to be sufficient for this particular job, but employers appear to favor a degree in masters- usually the one that is relevant to their industry. Other things that employers take into account are the result oriented experience of the one applying for the position (Bolander, Bonney Satornino, 2014). A person should have strong interpersonal skills along with outstanding written and verbal communication skill, analytical skills. He should also have the aptitude of multi-tasking, meeting deadlines when required along with customer service skills. Employers also look for persons having familiarity with the analysis of data and reporting of the same. More than anything else, a positive attitude is what is required in finance managers (Tavitiyaman, Weerakit Ryan, 2014). The indispensable skills required for the accounting manager are commercial awareness, well-acquainted with the technology, collaboration, information delivery and setting up of an example. For having general skills in business, along with proper knowledge and understanding of the ways organizations and industries have been working on whole. The accounting manager needs to understand the ways the business is being run. For the technological aspect, it is not only limited to reporting of the MS Excel or software, but also being able to recommend technology for automating the process that have been conventionally done manually. An accounting manager if has the ability to speed up the operations while dealing with quality, it adds real value to the organization (Fischer Karlan, 2015). A finance manager should be able to showcase the skills of a team player while working within his team or teaming up with his seniors. An accounting manager should be able to collect data in quick manner and in most accurate of ways, one should be able to convey discerning information to the audience it is proposed for. This is significant while delivering reports to the top management. The accounting manager should also be able to encourage and motivate others about the significance of the financial pedals and processes. The traits required by the accounting manager are the teamwork, management, communication, accuracy and efficiency. Accounting supervisors should be having good analytical skills, with the ability to construe financial data and making recommendations based on the data. Accounting managers do need good sense of controlling things. Their quick identification of the probable issues in things like cash flow or budget overturns could risk the financial position of the company. (Tsou Hsu, 2015). A great accounting manager would always be enthusiastic in helping others succeed, enjoying the time they invest in others and the desire to teach them. For self-awareness, an accounting manager should have the aptitude in unpacking their process of financing and having a deeper understanding of the things that work and what does not. The employment of sales managers are projected to grow by 3 per cent from the period ranging from 2017 to 2024, as fast as the other occupations average. The growth of their employment would mostly depend on the intensification or narrowing of the industries that have been employing them. As per May 2017, the average annual wage for the accounting managers has been $ 108,980. This section would be dealing with a specified employer and that employer5 has been taken as Coca Cola. Coca Cola is a big company and presents opportunities for sales managers to showcase their skills and talents. Coca Cola is a multinational beverage company and the producer and retailer of non-alcoholic beverage. It is a company that has its existence everywhere on the planet. Its size can be well recognized with the US $87.280 billion it has been holding as per 2016 along with the net income of US $6.527 billion. This company cropped up in 1886, when a man by the name of Dr. John S. Pembertons curiosity led him in creating a idiosyncratic tasting softer drink to be sold at the soda fountains. The company since then has come a long way to be the global leader in the section of beverage and non-alcoholic drinks. The global nature of the business system of Coca Cola has the maximum principles and processes in ensuring dependable quality across the entire value chain of the company. Coca cola believes in delivering safer, refreshing and higher quality beverages and thrives hard in meeting the correct standards of product quality and safety (coca-colacompany.com, 2017). For attaining regular quality and safety, Coca cola has strong practices of governance in place and work diligently in ensuring conformity with appropriate regulations and standards. The Coca Cola Company realizes the fact that the divisional arrangement provides the organization with best prospect in reacting to the alterations in its unsure environment, but also facilitating it in maintaining the stability level. The multidivisional structure is valuable for the organization for different reasons. The division is mainly based on the geographic regions facilitating certain features of the operations of the company to be modified within an individual market. Markets are different and the multidivisional structure facilitates the divisional managers in handling regular operations while the corporate managers are free in focusing on the planning of long-term. However there are certain issues with this structure. If the company ahs been creating divisional completion, coordination in all likelihood would decrease as each of the division would want to have a benefit over everyone else. Communication issues might also exist as information might be indistinct when it i s being required to travel up and down in high hierarchies (Roderick, 2017). Coca Colas culture is primarily focused on seven core values which are passion, leadership, integrity, diversity, collaboration, accountability and quality. At Coca Cola they believe in refreshing the world in body, mind, and inspiring the moments of buoyancy, creating values and making a disparity. Coca Colas diversity workplace policy takes into account the programs for attracting, retaining and developing the diversified talent, offering support systems for the groups having diversified backgrounds. The employee of the company works hard in ensuring fair work atmosphere for all the associates, all of them undergoing extensive diversity training on customary basis. The mission of coca cola has always been to refresh the whole world, creating values that make a difference (Coca- Cola Hellenic Customers., 2017). The customers of Coca Cola are continuously looking towards lessening of costs, improving the sales and profits, and delivering better quality. In the year 2003, a marketing team at Coca Cola having their bases in North America set out in rewarding the organizations most loyal of customers and building a closer relationship with the same by facilitating them in collecting the pin codes from the caps of the bottles and packages of the products and trading them for points. The concept of one to one marketing seemed a bit problematic for a company that serves millions of customers on regular basis. There are still some opportunities left for Coca Cola like diversification in the business of health and food that would develop the offerings of the company. This would ensure the fact that they would be getting better revenue from the existing customers through cross-selling of the products. The product portfolio of Coca Cola consists of various products that have found no acceptance in the market as of yet. Coca Cola would do well in concentrating on the marketing of such products. Supply chain can be another issue that requires focus with the ever increasing cost of transportation. The complete business of Coca Cola is mainly based on the distribution and transportation cost. There would be possible developments within this area, so Coca Cola requires keeping a stricter watch on the supply chain of its and continue improving in bringing the cost down (Krzywoszynska, 2015). There are enough opportunities within Coca Cola for people to get promoted and the benefits packages along with compensation are one of the best in the world. The company boasts of assortment of developmental opportunities for the associates, taking in the Coca Cola University, a learning agenda for the high performers. Coca Cola is a huge company that is present everywhere in the global map and thus it provides opportunities for people to get promoted internally. The open communication system in Coca Cola would result in huge profits as engaging in frequent dialogues with the associates across the world. For example, the global associates along with the bottling partners have been contributing immensely and taking up major initiatives like the 2008 Summer Olympic Games. A survey was held within Coca Cola in 2010 that showed development across all the categories of survey, taking into account the associate engagement score of 84 per cent. It has been said that there was a rise of 2 p er cent on the same parameters as surveyed back in 2008. The entry level position to attend the position of an accounting manager is an accounting trainee. The finance executive is being taught to learn the traits of dealing with the financial situation of the company. He is taught the ways to approach the other related personnel, how to acquire them, how to understand their needs, and the ways of dealing with the crunch situations. The entry level position of accounting trainee is known by different names in different organizations. The other names assigned to the position are accounting executive, finance development executive or customer acquisition executive. No matter what the names of the entry level position are job responsibilities mainly consists of acquiring the financial status of the company and work accordingly. He would be entitled to support the precise and appropriate monthly close in ensuring conformity with Generally Accepted Accounting Principles (GAAP), reviewing of the journal entries, variance analysis along with driving of the developments of the business procedures. An accounting manager would also be working on facilitating the generation of the reports of management taking in the monthly and quarterly metrics and analysis (Kowalkowski et al., 2015). There are more than one path to start a career as an accounting personnel and then achieving the position of a accounting manager. The path that an employee can take to become a accounting depend on various factors like educational qualification, work experience, job performance, leadership qualities, managerial competencies and so on. For example, a fresher employee can join as accounting trainee whereas the joining position of an experienced employee would depend on the amount of his experienced. An employee with more than five years experience of leading accounting teams may join as a team leader. Hence there are more than path employees can take to attend the position of an accounting manager. The path an employee aspiring to become accounting manager can take depend on the size of the organization, scope of promotion, the sector or industry the company functions in and so on. The middle level sales positions in an organization from the bottom to top are accounting specialist, junior accounting consultant, accounting consultant, lead development officer, market research analyst, and assistant accounting branch manager. The upper level sales position in bottom top order is sales administrator, senior accounting manager, senior accounting consultant, national accounting coordinator. The educational qualification required to build a career in sales and reach the position of accounting manager depend on various factors like the industry and size of the organizations. The multinational companies usually recruit post graduates preferably having a specialization in marketing from reputed universities. Some companies consider a diploma in finance equivalent to masters degree while other companies strictly want masters degree candidates. Some companies, especially small or business process outsourcing companies rope in the junior accounting personnel for their daily activities. I think I would fit well in the position of a accounting manager at Coca Cola Company, the worlds largest beverage manufacturer and marketer. I would be very much satisfied to work with Coca Cola in the position of an accounting manager because it will lead to dynamic career growth and job satisfaction. My research by speaking to people and doing online search about Coca Cola as an employer have confirmed that I can attend career growth as a acounting manager employed with the reputed company. This is because Coca Cola leads the world beverage market and the company is present all over the world. Hence it would provide me with opportunities to apply my present skills, acquire new skills and present before me challenges which would make me prove myself. It would also cause career growth by promotion to higher positions. Moreover the global location Coca Cola would allow me to move within the various business processes and take up new job responsibilities which would help me to grow pr ofessionally. Coca Cola is a global brand and working with the company would strengthen my curriculum vitae. It would act as a great strength in proving my competencies as a accounting manager when I would go to take interview in some other company for higher positions. I need to continue to develop my skills in areas of analytics along with technological aspects. The aspects which I like about the profession of an accounting manager are that the position offers continuous challenges to test the acquired skills and competencies. These challenges are one of the driving factors which encourage accounting managers to acquire new skills and competencies to improve their performances. Another aspect which I love about this profession and position is that it lays foundation for the business operations. I also like the fact that over achievement of targets help the accounting manager to gain career appraisals and promotions faster which helps in dynamic career growth. I dislike the unethical methods like inflated achievement reports which some accounting managers present before their seniors to attain promotions. I at times dislike the intense pressure under which they have to work on regular basis. I think my strong communication skills, persuasive skills and good technical knowledge fits well with the position of an accounting manager. I am a good leader and can manage my team well. I am competent in diversity management and have experiences of leading teams having members from diverse cultural and national background which I think goes well with my profession. I am sometimes emotional rather than practical which do not fit with the position of a sales manager. Conclusion: Nothing comes easy in life, especially for accounting people who have to be street smart to make ends meet for the company. They are important people in the sense that they lay the foundation of finance for the company, how much to allocate to the departments so that they can get along with their regular activities. It is important for accounting managers to have the required skill and knowledge to be successful in their respective field. 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