According To Corporate Snaphots Australia †Myassignmenthelp.Com

Question: Discuss About The According To Corporate Snaphots Australia? Answer: Introduction Naturally occurring data within an organization remains one of the best ways of self -evaluation in an organization setting. Since the data is collected without having to disturb customers and other stakeholders within an organization. This data can easily be mined from ANZ Bank annual reports with making it possible to explain an individuals role within an organization(Ashoka, 2013). The annual report of ANZ contains numerous organizational undertaking with a year. I would thus use the annual report to come up with my ideal position within the bank. This position will be evaluated in accordance with the information provided in the annual report to show my performance within the organization. Though many people within the career world have in recent times failed to utilize naturally occurring data it remains the easiest method in evaluating organizational employees. It works in depicting to both the employee and the management the ability of a player in the industry. Since the data i s readily available to all concerned parties and the general public the chances of exaggeration are rare. In evaluating myself within ANZ Bank through the support of their 2016 annual report I will be able to single out three naturally occurring that can influence my performance as well as my behavior within the organization. As an accountant within ANZ Bank, I would utilize naturally occurring data in terms of qualifications, accounting standards and reporting standards which are readily available in the 2016 annual report. Accountant qualification Accounting qualifications within a banking organization are very essential when it comes to dictating how one performs their duties within the accounting standards. Through analyzing the qualifications provided in the annual report for accountants, my practice and behavior within the organization will remain informed(Shriar). Accountants within the organization are deemed to be familiar AASB 9 Financial instrument that is widely applied by the organization in majority of its accounting and preparing it accounting information .Through the standards organizations requirements such as measuring financial assets, liabilities, and hedge accounting requirements are realized. In order to ensure risks within the organization are catered for. Management often requires feedback from its staff especially in from the accounting staff, through this available information on qualification I have the best interest of the company at hand by performing to its expectation. The rules that are provided s erve as guidance to the development of different aspects of my career regarding my personal development. It would also serve as a metric to help the organizational directors and managers access my performance within the organization. Accounting Standards Every organization within the banking sector subscribes to unique accounting standards. As an accountant I have to adhere to the standards which are aligned in the organizations annual report as they are essential in directing organizational auditors in undertaking their duties. These standards are essential to me when it comes to the preparation of financial statements of the company as well as making any judgments concerning the financial statement of the organization. These standards rely on accounting standards by the organization and other historical factors that are essential within the running of the organization. As an accountant within the organization real figures on estimated values of the organization cash flow are expected to remain in line with the reporting standards. Thus from the naturally occurring data as an accountant I would be expected to provide current observable data pertaining the organization. I would also be expected to advise the management especially my seniors on the current organizational performance as per annual report. This is because an accountant advice on organizational performance is considered to be essential in for the essence of data reliability .I would also be expected to carry out an impairment test for all organizational needs since they come hand in hand with my practices as an accountant within the organization. Thus naturally occurring data becomes inevitable when it comes to adhering to accounting standards. Reporting Standards The annual report that m currently utilizing meets ANZ Bank reporting standards because it is a requirement. Being an accountant in the organization it is required of me to offer to the organization my best in my career. This will only come to being if the financial statement that I come up with as an accountant meat the accounting reporting standards that ANZ bank subscribes too. These standards are essential within many organizations too given that they assist in ensuring confidence to employers. Given that the organization operates in different segments that are diverse throughout the region reporting standards may vary according to regions. However in order to develop in the company have chosen to adhere to the global reporting standards that majority of the employees in the accounting departments subscribe to with easy. Through this naturally available data in the 2016 annual report regarding to the annual report it is easy to analyze to ensure that it meets my professional prac tice as well as influence my professional behavior. This is Financial despite the assumption that I have subscribing to organizational requirements is mandatory in any organizational setting. The subscription to these standards directs ones behaviors and undertaking within the organization. Personal SWOT Analysis I would likely succeed within ANZ Bank through actively carrying out a personal SWOT so that I can utilize my skills properly(Bacal, 2010). Through knowing my weaknesses that are likely to emerge within the organization I would likely manage them with a lot of easy. Personal SWOT analysis is essential when it comes to meeting organizational needs given that it unearths major weaknesses. Through utilizing the tool I would be in a position to separate my performance from that of my peers within the organization. Strengths Naturally I have good analytical skills which are essential in preparing accounting information for ANZ Bank. A look at the organizational financial statement analysis indicates that it is necessary for analyzing comparative amounts for different years(Shriar). I have also worked to develop auditing skills since they are essential.ANZ Bank is largely audited by both internal and external auditors who are required to give a report on the organizations performance over a time. However since I`m gifted in creative thinking it is possible that facing some of the problems that come the need faster solution will not be currently being experienced in the organization. Weaknesses The potential weakness that I have is dealing with diverse organizations since they require different accounting standards. The accounting standards applied in ANZ Bank domestic market may not be applied in all its other branches globally(Webster, 2017). This makes it critical to unearth a good skill that I may not have practiced in my learning endeavors .Through the guidance of other professionals I will at last achieve a lot. Opportunities ANZ Bank being a large organization it suddenly has different opportunities for young accountants to gather experience. Management is aimed at ensuring that all employees are trained to standards. According to organizational reports substantial amount of funds are directed towards employee training. Through the organizational training I have abelieve that I will achieve tangible experience. Threats Being an accountant within a large organization calls for great improvement within the career over a period of time. However, chances are that this development may come through organizations investment on expatriates. If the company invests on expatriates then chances are that as an accountant I may be forced to work on different organizations that may largely require my expertise. This can be a challenge since I personally hate travelling despite the ability it may impact on my career growth. Personal SWOT Analysis Table Strengths Team player ; Analytical skills Weaknesses Dealing with diverse accounting methods Opportunities Career growth. ; Continuous career investment. Threats Operating in new environments ; Being an expatriate Me within Organization To understand the person that I`m within the organization I had to carry out a personality text within the organization utilizing the Myers-Brings theory which is largely utilized by many organizations. According to this personality test I found out that I was an introvert since I prescribed to an individuals ideas. This is essential since the management expected me to work in accordance to provided rules within ANZ Bank(Webster, 2017). I remained a strong believer in potential possibilities of organizational success. Through the judgment my life without this organization is well structured given that it borrows from my lifestyle as well as that of other peers. ANZ Organization applies a parallel reporting structure in its management which allows for easy solutions to emerging business risks. The board of governors remains the top managerial level and it is held by the organizational owners. It is advised by the different chief executive officers at different levels. The management allows for junior members to participate in organizational undertakings. This undertaking is possible since it helps organizational members to mutually benefit from each other. The organization however has put in place an accounting department that is largely entitled to financial reporting and a management department that is necessary for running the banks undertaking(Staff, 2014). The current reporting structure thus makes managers not final in their decision as they have to rely on other stakeholders in their decision making endeavors. ANZ bank has a variety of stakeholders within its organizational setting among them shareholders, Chief Executive Officers, Executives, the government, employees and customers. The managers within an organization are required to ensure that these stakeholders are comfortable with ANZ Bank .Managers are expected to ensure stakeholders interests are taken care of. Managers are expected to ensure that business sponsors in ANZ bank get gains in terms of their share contribution and dividends. Managers also have a duty to ensure client confidence with their banking system so as to maintain their client for a long period of time. Self-improvement and development Through partnership with colleagues we have formed will form a group that natures new employees in the accounting department. This is an essential part since it will ensure that I emerge as a coach within the organizational structure something that is very crucial in an employees development and the future of an organization. Since my peers too have worked towards coaching they are likely to be of great help.ANZ as an organization has largely invested in employee development too something that can assist me as one of them largely improve in my organizational undertaking. Creativity is an essential aspect when it comes to self-improvement and development. I find it essential to realize those areas that I have shown success and continuously invest on them for better outcomes(Cooper, 2017). I have continued to subscribe to international accounting bodies that are recognized by ANZ Bank to ensure that I remain conversant with emerging trends in accounting. is an essential requisite in solving organizational issues since everyone is to extend creative. Through investing in my personal creativity, have been able to be more sensitive to my surrounding environment and helped me in developing an innovative solution to business processes within my organization. To increase creativeness, I have learned to critic what I do, actively engaged other in innovative thinking and increase the love I direct towards myself. These initiatives are only made to improve my own creativity and the role I play within an organizational setting. Conclusion Self-evaluation evaluation cannot be overlooked when it comes to measuring an individual performance within an organization..It has helped much organization to meet challenge with ease. The organization has the option of requesting organizational players to self-evaluate them and individual results. Through self-assessment, it is evident that many organizational teams are evolving their approach towards improvement oriented activities. The role played by self-assessment toward measuring key performance index within ANZ bank, is likely to increase in the future. Through self assessment and absorption of employees that are not biased the organization is set to success. The model of se assessment thus remains an essential tool in determining employee performance. References Ashoka. (2013). What's Your Feedback Loop? Forbes Magazine. Bacal, R. (2010). Dealing with Angry Employees. Work911/Bacal/Bacal Associates.Management. Cooper, T. (2017). The Power of Feedback Loops. RiskAricles.com. Resker, J. (2010). 10 most common responses to Perfomance Feedback and How to Respond to Them. North East Resource Association. Shriar, J. (n.d.). Replying To Employee Feedback:The Complete Guide. Office Vibe. Staff, G. S. (2014). 6 Steps to Becoming a Highly Effective Leader: Your Personal SWOT Analysis. GETTING SMART. Webster, M. (2017). How to Use a SWOT Analysis ? A Perfect SWOT Analysis Example. leadershipthoughts.com. Acquisdata. (2016). AUSTRALIA aND nEW zEALAND bANKING (ASX: ANZ) mAY 5, 2016. Corporate Business,(20160505). https://lesa.on.worldcat.org/oclc/6034022962 Stanley, S. Crane, R. (2015). In J. Lewis (Ed.),Discourse analysis of naturally occurring data: The relational development of mindfulness. London, United Kingdom: SAGE Publications Ltd doi: 10.4135/9781473958845