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Clores
Aireen Y. Clores
CONTROLLING
Controlling is monitoring the performance of systems and resources. Control is a management function which whether what is supposed to happen is happening or is going to happen.
Aireen Y. Clores
Aireen Y. Clores
COST CONTROL
Any action taken within the management cycle which enhances the likelihood that established goals and objectives will be achieved.
Aireen Y. Clores
Cost Control
BASIS OF CONTROL:
BASIS OF CONTROL:
Recognize possible deviations from the baseline and to respond in an effective way. The event manager must also consider the trade-off between cost, time and quality.
The event manager must also consider the trade-off between cost, time and quality. The event management must realized the importance of keeping to the budget, and must always evaluate the often competing aims of creativity and cost.
Aireen Y. Clores
Cutting costs is the simplest way to improve your bottom line. Introducing a cost control system can bring immediate savings and ensure that you remain competitive in the longer term.
Cost Control
Cost control works best as part of your routine financial management. The first step is to look at your existing costs.
Your costs
Identify your major cost centres Identify the major types of cost within each cost centre. Choose the costs to focus on first.
What is Bookkeeping?
Bookkeeping is the record keeping aspect of accounting. Each financial event or transaction has to be entered. The transactions entered during the bookkeeping process usually fit into one of the six following classifications.
Aireen Y. Clores
Reporting
There are two standard reports which are the main sources of business financial information:
the balance sheet the profit and loss statement
Provides this information by laying out the value of the assets and the liabilities of the business
The assets of a company are anything that the business owns. (cash on hand, office equipment, vehicles, tools, real estate, buildings) Accounts receivable is money which is owed to a business. The liabilities of a business are anything the business owes to others.
Income Types
SERVICE INCOME
SALES INCOME
With service income , the profit can be determined simply by deducting expenses associated with performing the service.
With sales income, inventory costs also must be taken into consideration. This inventory cost is referred to as the cost of goods sold.
Budgets provide the baseline of expected performance against which managers measure actual performance
A budget is much more than slap-dashing together a few figures. A budget is an integrated financial plan put down on paper, or entered in computer spreadsheets. Planning is the key characteristic of budgeting.
Budget Planning
Write down: What are some good reasons to be able to budget?
Sample Budget
Labor budget: A labor budget is made up of the number and name of all the various positions in a company, along with the salary or wages budgeted for each position.
Sales budget: The sales budget is an estimate of the total number of products or services that will be sold in a given period. Total revenues are determined by multiplying the number of units by the price per unit.
Production Budget :
The production budget takes the sales budget and its estimate of quantities of units to be sold and translates these figures into the cost of labor, materials and other expenses required to produce them.
Expense budget:
Expense budgets contain all the different expenses that a department may incur during the normal course of operations. You budget travel, training, office supplied and more as expenses.
Capital budget: this is the managers plan to acquire fixed assets such as furniture, computers, and office space, to support the operations of a business.
One Year at a Time: a company generally prepares budgets one year at a time. While a company may do long-term strategic planning to develop five- year strategies, trying to forecast further down the road than 12 months for budgeting purposes is very iffy.
Developing a detailed financial plan for the period coming up helps establish financial objectives and identifies exactly what must be done to meet these objectives.
Budgeting also encourages a business to articulate its vision, strategy and goals. Budgeting imposes discipline and deadlines on the planning process.
Budgeting motivates managers and employees by providing useful yardsticks for evaluating performance and for setting compensation when goals are achieved.
Meet with staff Gather data Apply your judgment Run the numbers Recheck results and if necessary, run the budget again
CROWD CONTROL
CROWD MANAGEMENT
Group behavior is a dynamic part of any crowd and the failure to understand this can lead to a crowd confrontation and jeopardize your safety and that of the community. Preparation for crowd management must begin before the event. There may be times, however, when you have little or no time to prepare, so we must begin our planning and preparation.
A physical crowd is characterized by density of contact and showing no significant group behavior. The physical crowd has little or no organization, no unity of purpose, and its members come and go. (Example: mall or major festival type event)
The physical crowd is the conventional crowd or casual crowd. This crowd is characterized by density of contact showing no significant group behavior. They are, however, usually assembled for a purpose but have no common bond and are not dependent on each other to act
The psychological crowd is an assemblage of people who have a sustained common interest and respond emotionally to the same stimuli.
(Example: ball game, political speech, parades, fires, accidents or disturbances)
an unorganized group of people willing to be led into lawlessness but hesitate to act because it lacks
(1) Organization, (2) Courage, (3) Unity.
They are noisy, willing to threaten and taunt or harass police; however, they refrain from physical attack
Mob (hostile/aggressive)
A mob is a crowd whose members, under the stimulus of intense excitement and agitation, lose their sense of reason. They can also lose respect for sense of order, law, and respect for each other. This type of crowd is a riot.
Types of mobs:
Escape mob The aggressive mob Acquisitive mob Expressive mob
Social/Psychological Influences
Psychological behavioral factors are present in any crowd confrontation.
Knowledge and appreciation of social/psychological influences can help control forces that can effectively counter riot tactics, help with crowd dispersal, and help supervisors maintain control of their subordinates