Page 6 - The Pakistan Accountant

JOIN THE DISC OURSE Join the Discourse This issue’s topic is: “Every job is a self-portrait of those who did it. Autograph your work with quality.” Quality only happens when you care enough to do your best…what do you think? Muhammad Hamid, ACA (R-6850) Muhammad Ali, ACA (R-6930) Karachi Faisalabad As the old saying goes, “a man is known by the It is vital for survival and growth of every organization company he keeps”. I would change this a bit to have profound commitment to developing a by saying that “a man is known by the quality quality consciousness which is communicated to its of work he does”. In today’s fast changing world all stakeholders including employees through their we have to respond very quickly to change in vision, mission statements and various strategies order to keep ourselves IN in the competition like Total Quality Management (TQM) & Quality and get the desired market share. Therefore, be sure that whatever we do it should be done Assurance (QA) strategy. Employee performance has in the fastest and least expensive way without been increasingly related not only to the efficient compromising the quality. What do I mean by but also the effective use of available resources while quality? I don’t believe quality work to be 100% ensuring compliance of quality standards. Quality accurate. As applied in accounting the concept of consciousness organizations document a quality “materiality” should also be applied to our work manual that states the quality management system i.e., a task completed efficiently with material of the organization and establishes a documented accuracy will deliver the desired results. Quality quality plan setting out the specific quality practice, in cost budget is the need of the day so as resources required and the sequence of activities standardization. Therefore, standard formats and relevant to particular product. Some manufacturing procedures with relevant controls should be used organizations have also developed ‘Back Track to ensure that most of our work is done efficiently Systems’ in order to trace back any process defect while maintaining the value. to the process owner in order to achieve zero defect level. 4 The Pakistan Accountant | Apr-Jun 2014