Evaluation the Performance of Entity-Free-Samples-Myassignement

Question: Write a report on Leadership in evaluating the performance of an Entity. Answer: The role of leadership is explained in the current assignment after assessing the financial performance of Superior manufacturing company. Current state of the firm states that profit of the firm is determined by considering all the elements of the income statements of the business concern. Current profit of the firm is $310000 which shows that overall costs incurred in an entity is less as compared to the overall sales and the revenue generated by the business entity (Bolman Deal, 2017). In this case, leadership principle is to be followed by the finance manager of the superior manager company to control the higher sales and the revenue by investing the higher generated profit into different income sources to produce higher returns within a given span of time. The income statements of an entity can be observed as one of the financial statements in evaluating the performance of the business concern. Finance manager can easily track the financial position of superior manufacturing firm to improve its current performance. It has been noticed that higher profit generated y the firm is not beneficial as this will, in turn, increases the tax obligations charged at 30% on the generated profit (Ozkan, Cakan Kayacan, 2017). Tax charged on $310000@30% is $93000. Income after tax of the firm will be $217000. A finance manager of an entity can use transformational leadership style to convince all the personnel to act in the favour of an entity as the finance manager of the superior manufacturing entity will explain all the benefits of working in this entity will help in ensuring the survival of all the employees n this entity for long term purpose. It is recommended to the owner of the firm to reduce their current tax obligations of $93000 by investing the total profit of $310000 into bonds, Systematic investment plan which helps in increasing the return on investments. This mode helps in safeguarding the tax imposed on the total income of an entity. References Bolman, L. G., Deal, T. E. (2017).Reframing organizations: Artistry, choice, and leadership. John Wiley Sons. Ozkan, N., Cakan, S., Kayacan, M. (2017). Intellectual capital and financial performance: A study of the Turkish Banking Sector.Borsa Istanbul Review. 17(3). 190-198.