Enhancing management of cost and expense control of LFJOY Realty Inc.
This study is due to the urge of the top management to expand the operation of LFJOY Realty, Inc., which requires financial study. Upon assessing the financial status of the company, several issues were raised but we give more importantly to the high operating expenses which most of the time, exceed...
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2019
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_masteral/7040 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | This study is due to the urge of the top management to expand the operation of LFJOY Realty, Inc., which requires financial study. Upon assessing the financial status of the company, several issues were raised but we give more importantly to the high operating expenses which most of the time, exceeds the revenue. Recommentation to solve the issue became a challenge since financial reporting were less detailed and limited due to some situation.To execute this action research, I used the Kurt Lewin's Model of Change and Force Field Model to generate the solution for the problem. Furher, ladder of interference was also a great help in executing the planning up to monitoring of this project. Having these concepts, we came up with two objectives. (1) to improve the financial reporting of the company by providing more detaIled financial information needed for several situations and (2) to improve performance LFJOY REALTY, INC. through managing the costs and expansion.For objective 1. formulation of new organizational structure was executed including the new job specification and description. We also hired new employees and trained all employees in the Finance department. For objective 2, we proposed some austerity measures to control and lessen the operating expenses.After the implementation of this action research, we were able to address the issues and attained our objectives. The financial reporting of the company became more detailed. With this, we were able to proposed austerity measures that lead to decrease in the operating expenses of the company. The said changes have improved the role of Finance Department and performance of company as a whole. |
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