Management Accounting Personal Audit Assurance

Question: Describe about the Management Accounting for Personal Audit Assurance. Answer: Group Description: A group is involved to solve routine accounting problems where theoretical and practical accounting knowledge have been implemented by the group members. There are 20 members are involved in the group. People associated with this team have delivered their duties for accomplishing the individual duties. My role I have been involved in the audit assurance team since the last 3 months. Here I gathered knowledge that working in team is about trying to cooperate using their individual skills and providing a constructive feedback, despite any personal conflict between individuals (Grunig 2013). In other words the sum of the efforts undertaken by each team individual for the accomplishment of the objectives of the individual is called team work. Thus my role is to meet the single set of goals for coordinating not only for the aligning the individual thought process, but the building of the team communication. During this process, I realized that the teamwork needs to hold a collective accountability with a common purpose through which members develop mutual relationships and increases team functionalities as well. Role of others: The best part about those individual accountabilities is delivered in a synchronized manner (Armstead et al. 2016). To solve the routine accounting problems, the team delivers diverse field of finance which includes a comprehensive assistance of auditing and assurance, economics, the system of management information, handling of corporation and taxation laws and so on. Thus, individuals within a group can take on various roles in determination of management accounting problems such as task-related roles, maintenance-related roles, defensive roles and some group members are associated for dysfunctional roles. Group stages: During the management accounting course, I came across a group where the team consisting with different skill sets of people. British psychologist Dr Meredith Belbin was defined the role of the team as a tendency to behave, contribute and interrelate with others in a particular way. His Team role theory emphasized individual behavior and its influence on the success of the team. The team has perfectly given importance in measuring preferred behavior when working within a team. While handling the task related role, the associated members of the team has given emphasized behavioral attributes of the team members. The underlying idea has been followed to understand the behavioral strengths and allowable weaknesses and hence use them to best effect (Goetsch and Davis 2014). As the model suggests people-oriented roles have successfully conveyed with the perfect combination of co-ordination, teamwork and the investigation of the resources. By utilized the idea perfectly, the concerned group has performed several task-related functions such as members segregation, explanation for handle the reporting the group. In addition, the assigned members are evaluated the performances, both for the perspective of individuals and others. This provides the base from which the firm can follow a steady approach to build effective team-based system of the management. Conflict in group and resolve mechanism: In an increasing rising complex and information rich world, I found the value of collaboration is growing in significance for effective team management. In this context, I realized that the team communication is the vital aspect for the work engagement and satisfactions that meets the social, environmental needs of individuals and the group. Thus, an improved interpersonal communication has generated more energy to finish the task. While evaluating the performances of the team, I realized that when the performance of limited-discussion team has been compared with free-discussion team, outcomes have been mixed, with higher quality decisions made by both restricted discussion team and interacting team. Thus, it reduces the operational gap with the help of an effective communication. While handling the daily issues related to accounting, the team involved in more initiation of processes or finding new ways to view the problems in different perspectives. In this connection, I observed th at communication has played a large role by keeping the group together. In other words, maintenance related functions in a group needs smooth communication between team members and clients (Binder 2016). To facilitate the maintenance related jobs, team communication helps in advisory, counseling services. I further found that communication has largely contributed in harmonizing relationships by working to avoid conflict between the group members. Indirectly, team communication helps to reduce tension during the establishment of coordination between different accounting roles. Leadership and decision making in the group: The team leader is involved in several activities like team organization, coordination and communicational activities (Dozier, Grunig and Grunig 2013). During the process, I realized that the operating structure of the team is directly influence the teams performance. During the measurement of the team performances, there are two parameters have been identified for ensuring an effective work tem performances: an effective communication system to manage the interactions and a synchronized and integrated team operations from the different levels. In both perspectives, the team can be benefited if they follows the Team communication model for perfectly manage the process of communication. Ways to improve group experience: As I realized that a successful management culminates from the effective use of the communication. To being an effective leader of the team, it is need to be conveyed thoughts, feelings and information regularly with all the team members. References: Armstead, C., Bierman, D., Bradshaw, P., Martin, T. and Wright, K., 2016. Groups vs. Teams: Which One Are You Leading?.Nurse Leader,14(3), pp.179-182. Binder, J., 2016.Global project management: communication, collaboration and management across borders. CRC Press. Dozier, D.M., Grunig, L.A. and Grunig, J.E., 2013.Manager's guide to excellence in public relations and communication management. Routledge. Goetsch, D.L. and Davis, S.B., 2014.Quality management for organizational excellence. pearson. Grunig, J.E., 2013.Excellence in public relations and communication management. Routledge.