If you were working for a Company that had multiple locations - in California, Nevada, Texas, Georgia and South Carolina), what would some of the considerations be when developing the chart of accounts, and why? Who should be responsible for monitoring and maintaining the chart of accounts and why? What can happen if someone was not responsible to monitor and maintain in this example?© BrainMass Inc. brainmass.com October 17, 2018, 2:14 am ad1c9bdddf
Assumptions for problem:
1. It is all one entity.
2. Management (including accounting) is centralized.
3. All locations are similar for types of revenue.
4. Intercompany sales are not an issue.
The most important concept with multiple locations is the ability to segregate revenue and expense by location. This is critical in order to be able to compare locations for profitability, management of resources, differences in state laws and taxation, etc.
The second concept is continuity between locations ...
In a 316 word response, the solution carefully explains the responsibility for monitoring and maintaining the chart of accounts for a multi-location organization.
Global Project Management and Future Trends
Discuss global project management and future trends in project management. Be sure to address the following:
a. The similarities and differences between domestic and global project management
b. The challenges of managing a virtual (remote) team
c. The challenges of managing projects involving teams with members from multiple ethnic and sociopolitical backgrounds
d. Competitive versus cooperative alliances between competing organizations
e. Technology enhancements that could affect project management in the future
f. At least three trends that will be important to project management in the next decade.