Strategies for Effective Communication

Accounting has been said to be the language of business. Let's face it, the main goal for any business is to establish an effective, smooth running operation, reduce expenses and gain a profit. Accountants do just that, they are the heart and sole of achieving these specific goals. There are many specific tasks accountants specialize in, however their main purpose in an organization is to manage money made and spent, develop budgets and communicate the financial status of a company.

As an accountant I would understand that much of the work I performed would have little meaning to others, however the results of my finding would greatly effect other employees. I would need to clearly state budgets to each department manager so they will understand their spending limit, desired output levels and the importance of their performances meeting these goals for a promising financial outcome. Furthermore, explaination of these budgets help managers inform their workers and set standards for perfomance. And of course the owner(s) of the company would like to know how their company is doing financially, where the weaknesses and strengths are and what corrective action may be needed.

My communication is also important to individuals outside the company as well. The financial statments should be thorough and up to date. When applying for a loan or purchasing supplies on credit, the creditors have the right to know how well the company will be able to perform and pay back debts in a reasonable time. The statments also enable individuals to determine whether or not they would like to purchase stock from my particular corporation.

Clearly stating the perfomances and financial status of my company is very important to users inside and outside the company. The better I explain the terms and process of my work, the better others will be able effectively use this information for the success of the company.