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    Leadership development report

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    The Leadership Development Report will act as a moderating assessment. In other words, similar to an exam, you will not get a specific mark back for the Report, but the mark will be added to your total mark for the quarter session. Details - Part 1: Report Leadership DevelopmentYou will prepare a 1-5-year Leadership Development Plan for yourself. The plan should be based on reflection of current leadership practices and identify actions to be taken to enhance future leadership practices. Since this is a development plan, it will require a substantial amount of thinking, reflection, and l...

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    Introduction

    This assignment is a reflection of how to develop a leadership development plan for yourself and how to improve and evaluate the same on a regular basis. But we must first know what is leadership and what's the requirement or need of it.

    Leadership (Mindtools.com. (2018) is the process of influencing, motivating and supporting others in achieving the common goal of the organization. The team will only feel motivated to achieve the goals if their leader has the necessary self-confidence (Briantracy.com. (2018)and is able to take on challenges effectively and helps in supporting his team in providing them with the desired motivation and is able to move ahead by making his team bind together and work towards a common purpose while simultaneously ensuring his team members personal growth and development also.

    For me, my personal strengths are that I am an emphatic person which is a must-have the quality to be a leader as the leader first need to reflect on himself and understands the needs of his team members by placing himself in their shoes which will make his employees feel that their leader cares for them. I have the passion for learning new things which is also must have the quality to become a leader, as a leader is one who is ready to learn new things and to keep growing one's own and his employee's skills and development.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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