And the amount of savings that our department incur during a fiscal year while performing our job functions correctly and properly is part of the performance evaluation of the management team here in the Philippines.
This process lacks transparency on our part because the Philippine management team does not know how the USA management team arrives on the said budget.
I dislike the fact that in order for me to be able to afford everything I am limited with apartments that I like. The management team in the Philippines does not have that much control regarding the budgeting process. The EU is expected to play a bigger role in new policy areas like migration, internal and external security or defence.
That must be achieved with an EU budget that will only get smaller following the departure of the United Kingdom. Options range from reducing spending for existing policies to increasing revenues. Knowing I only have a certain amount of income limits me and the things I could get. Most of the budget approval and budget control is being done by our parent company in the USA.
I also dislike the fact that in order to stay within my budget I will have to manage the social interactions that I will have.
Most of our revenue comes from the services segment of our company. I got to be independent and focus on myself. I will have to work twice as hard because I will have to pay bills, get through school and make sure I do not go over my budget.
Reflection paper on the future of EU finances English 1. The more money that I will save the less worry I will have that I will run out of money or go over my budget.
Most of this is returned to our parent company in the USA and some are left to us for our bonuses every year. Reflection paper on the future of EU finances Reflection paper on the future of EU finances First published on 28 June The EU budget faces a tough challenge to fund more with less.
Our management team is still being brief in the budgeting process the USA management team did but the sad part is they are not part of that planning process unlike other outsourcing company that they are totally out of the picture, they are just given the exact amount and they have to live with that.
A repository of business related topics of Shin Chan Managerial Accounting: And also, they might even save some more because the Philippine management team would also provide their inputs as to how to save more on expenses because they are the ones that is on the field and knows what really is happening on the ground.
I will also have to find cheaper ways to entertain myself rather than going to movies, the mall or dates a lot throughout the month. I would have to pay attention to how much money I spend a week and I will have to make sure I spend my money on items that I will use.
This just proves that even if I can take care of myself, it will be even more difficult to someday take care of a family. Our budget is the same allocation with that if out department was put up in the USA.
I would be shopping at Wal-Mart or the Dollar Store.
They just receive the exact headcount when the management team announces the budget on a fiscal year. Just a brief background about the said telecommunication company, It is one of the biggest telecommunication companies in the USA. I enjoyed this project because I got to see how the real world is and just how hard things are going to be.
That is one of the sad realities of an outsourced company. I realize that I will have to work hard, set goals and plan things out in order for things to go right. My lifestyle Reflection papers on budgeting change a lot because I would have to control myself with spending. I realize now just how difficult it is for my parents to take care of everything as well as having a social life.
It also addresses overarching issues like the added value of EU funding or the articulation between EU funding and structural reforms in Member States. In addition, the reflection paper sets out the basic features of the EU budget and charts the principal trends and developments in key policy areas like cohesion or agriculture.
This project has prepared me for my future and all the challenges that will come along with it. Our managers on get the exact amount but the budget process and allocation are mostly done by the upper management in the US.
One of the solutions that they did in order to cut cost is to outsource to a less expensive salary and expense countries like the Philippines some of their business processes, like in our case, their Network Operations Department. I would rather have a cheap apartment and know I can afford it, than have an expensive one that I cannot afford.
This budget includes all expenses Salary, Electricity consumed per department, Phone calls done in and out of the Philippines, Office space rentals, etc. Our department gets its yearly budget allocation from the mother company in the USA. Each of these illustrative scenarios would have different consequences - both in terms of how much to spend for what purpose, and on where the money could come from.
A small portion comes from the sale of mobile phones and telecommunications equipment to our customers but the bulk of the revenue still comes from the services that we offer.Aug 20, · Managerial Accounting: Reflection Paper on Budgeting Process of an Outsourced Telecommunication Company Posted on August 20, BRIEF INTRODUCTION ON THE CORPORATE STRUCTURE OF MY WORK.
View Notes - Reflection paper #5 from ENGLISH at Minnesota State University, Mankato. Reflection Paper #5 Make better budgeting decisions: See what you take in and spend and decide what. Scenario A – Budget Constraint Scenario B – Budget Constraint Scenario C – Budget Constraint Reflection Paper: Describe and compare very briefly different methods of capital budgeting.
Reflection Paper This assignment taught me how to manage my budget and buy things that I need or will use. It helped me realize that being an adult isn’t easy and that in order for me to have all of the things I want and need I will have to work hard.
Reflection paper on the future of EU finances; Reflection paper on the future of EU finances.
First published on. 28 June The EU budget faces a tough challenge to fund more with less. The EU is expected to play a bigger role in new policy areas like migration, internal and external security or defence.
That must be achieved with an. Budget and Human Resources This reflection paper draws on the report on ‘Future financing of the EU presenting a number of reflection papers on key topics that will shape Europe in the years to come.
This paper — the final one in the series — focuses.Download