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Michigan Association of CPAsBusiness Edge
July 6, 2005
Volume 2, No. 14
 
In this issue...
 -  Compliance With Sarbanes-Oxley: Consider Expense Management Programs
 -  How Teamwork Can Improve Your Workplace
 -  When is 3¢ Per Minute Not Really 3¢ Per Minute? A Primer on Call Rounding – Part 2
 -  Surviving the Micromanager: How to Succeed With a “My Way” Boss
 -  Mastering Time Management Can Double or Triple Your Productivity
Words from the Wise

"Ninety-nine percent of all failures come from people who have a habit of making excuses."

- George Washington Carver

Compliance With Sarbanes-Oxley: Consider Expense Management Programs

The amount of time it takes organizations to compile and analyze expenses could be better put to use in focusing on their core competencies that lead to growth and increased profitability. So what can companies do? For starters, how about outsourcing the expense management function to vendors that have the capability to efficiently sift through mountains of invoices, accumulate the costs and analyze the results? Any anomalies or trends discovered can lead to corrective action, if necessary.
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How Teamwork Can Improve Your Workplace

We hear all the time about how important teamwork is. But when you consider that stress leads to costly turnover that equates to 25 percent of pay and benefits lost per employee, the need to create a work environment that leads to job satisfaction should not be ignored. Teamwork is based on the four principles of: 1) consistent communication; 2) continuous collaboration; 3) positive recognition; and 4) cohesion. The culture you create will impact the results you achieve.
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When is 3¢ Per Minute Not Really 3¢ Per Minute? A Primer on Call Rounding – Part 2

Aaahh….That pesky rounding on the phone bill. Do phone companies do it properly? Well, arithmetically the numbers are correct, but the penny-minimum rounding they employ can increase the costs by as much as 150%. Rounding can be a significant surcharge on your long-distance bill. It may not be avoided, but it can be minimized. If you are thinking about switching carriers, make sure you know how you will be charged so there are no surprises.
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Surviving the Micromanager: How to Succeed With a “My Way” Boss

A recent workplace survey revealed that four out of five people – managers and workers alike – experience first hand the challenges wrought by micromanagers. If you can understand what makes them tick; learn how to respond to certain behaviors; and know what actions to take when; you can survive and even thrive. But also be aware of your own actions. You, too, may show some micromanaging tendencies. Turn your observations inward and see what adjustments you can make before your own career is derailed.
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Mastering Time Management Can Double or Triple Your Productivity

The more you hone your skills, the more proficient as a business leader you become. One of the most critical skills is managing your time. There are fundamental steps you need to embrace so that your actions yield the highest dividends. Imagine the type of day you want to have; one that you can claim you used your time with maximum efficiency. See how you can convert the unusual into a habit.
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