Derek Is Paul's Reporting Manager

question 8

Essay

Derek is Paul's reporting manager. Paul is efficient at his work. Since Derek will be transferring to another department soon, the management has decided that Paul will become the next manager. Although Paul has been a good employee, he has never had the chance to develop leadership qualities. Therefore, Derek has been instructed to train Paul and help him develop effective managerial skills. What are the best avenues that Derek could use to train Paul given that they already know each other, and that Derek will be transferred in two months?

Identify and react to discrepancies in cash management, such as overages, shortages, and errors in recording transactions.

Learn the documentation process in purchasing, including the use of purchase requisitions, purchase orders, and receiving reports.

Understand the bank reconciliation process, including the adjustment of book and bank balances.

Apply knowledge of vendor and payee relationships in the context of business transactions.

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Definitions:

Disaffirmance

The legal act of renouncing or voiding a contract or agreement, particularly used in cases where one party is a minor or where there has been fraud or mistake.

Cognitive Ability Test

A psychological test designed to measure a person's ability to think, reason, and solve problems.

Incompetent Person

An individual who is deemed legally incapable of entering into legal agreements or managing their own affairs due to mental disability or illness.

Necessaries

Basic essentials that an individual requires for survival, such as food, clothing, and shelter.