Discuss the importance of setting performance expectations by doing the following

Discuss the importance of setting performance expectations by doing the following:

1.  Explain why it is beneficial for managers to set performance expectations with employees, including benefits for both managers and employees.
2.  Describe the process that managers should follow when setting performance expectations with employees.
3.  Develop a performance management plan for John by doing the following:
4.  Describe two areas in which John can improve by comparing the criteria in the attached “Accounts Payable Manager Job Description” to the information in the attached “Performance Appraisal.”
5.  Describe the steps John needs to take to improve in each area identified in part B1.
6.  Describe how John’s progress will be evaluated for each step identified in part B2.
7.  Describe specific outcomes that will demonstrate John’s success in each area of improvement identified in part B1.
8.  Describe a consequence John would face for noncompliance in each of the steps identified for improvement in part B2.
9.  Describe the final meeting that would take place between you, John, and Mary at the conclusion of the three-month performance management plan. Include the following discussion topics:

•  how to acknowledge progress made during the performance management plan
•  how to conclude the performance management plan, including next steps

1.  Acknowledge sources, using in-text citations and references, for content that is quoted, paraphrased, or summarized.
2.  Demonstrate professional communication in the content and presentation of your submission.

Accounts Payable Manager Job Description

Position Title: Accounts Payable Manager

Supervisory Level: Manages Accounting Supervisors

Reports To: Accounting Director

General Responsibilities:

Manages the overall direction, coordination, and evaluation of Accounts Payable. Manages and coordinates activities of workers in calculating, posting, and verifying duties to obtain and record financial data for use in maintaining accounting and statistical records.

Essential Tasks:

• Perform supervisory responsibilities in accordance with the company policies and applicable laws
• Oversee accounts payable to ensure the company’s financial obligations are met in an efficient and timely manner
• Code and process invoices, ensuring proper general ledger account codes are used
• Analyze and reconcile general ledger accounts and prepare journal entries
• Prepare monthly and yearly accruals and adjustments for the accounting cycle
• Ensure all account aging issues are identified, communicated, and resolved in a timely manner
• Provide detailed account variance analyses
• Study and standardize procedures to improve efficiency of subordinates and expedite workflow
• Examine work for exactness, neatness, and conformance to policies and procedures
• Process quarterly federal, state, sales, and use tax payments
• Prepare various year-end schedules and provide information for annual audit
• Compile reports required by management and government agencies

Education and Experience:

• Bachelor’s degree in accounting, finance, business administration, or related field
• Three years’ related experience, including general accrual accounting procedures
• Supervisory experience preferred

Required Knowledge, Skills, and Abilities:

• Demonstrates strong written and verbal communication skills
• Applies generally accepted accounting principles and procedures
• Calculates figures and amounts and applies principles of accounting
• Is highly organized, detail oriented, analytical, and self-motivated and has a team attitude
• Demonstrates proficiency in Microsoft Office programs, with advanced proficiency in Excel
• Demonstrates the ability to multitask, work under pressure, plan, and problem solve
• Demonstrates excellent interpersonal skills