Question 1 2 Scenario You are a Team Lead at Money Matters, an accounting firm based in Sydney, Australia Your team consists of skilled accountants and bookkeepers who provide comprehensive financial services to clients You are responsible for guiding and supporting the professional development of your team members, ensuring their work goals align with their responsibilities and the firm's objectives Excerpt from Money Matters Policies and Procedures Manual Professional Development and Support Supporting work goal development Team Leads are responsible for assisting team members in developing work goals that align with their roles and responsibilities Regular one on one sessions will be conducted to discuss individual goals, identify areas for improvement, and plan development activities Job description of Junior Accountant Prepare and review financial statements, including income statements and balance sheets Assist in tax compliance tasks, including calculating tax liabilities and preparing tax returns Collaborate with senior accountants to analyse financial data and provide insights to clients Stay updated with accounting standards, taxation regulations, and software tools You are assigned as a Team Lead at Money Matters and are responsible for supporting Alex, a junior accountant Alex joined the firm recently and is eager to develop their skills further You've scheduled a one on one meeting to discuss their work goals and plan development activities 1 2 a During your one on one session with the junior accountant, what is your primary objective regarding their work goals Select the best fit option from the list below Then, explain your answer Set goals that are unrelated to their job description to challenge them Dictate the goals that they should focus on without their input Develop goals that align with their roles and responsibilities Avoid discussing goals to allow them to work independently (Approximate word count 35 50 words) Attach filesSave 1 2 b As Team Lead at Money Matters you are responsible for supporting a junior accountant, Alex, who recently joined the firm and is eager to develop their skills further You've scheduled a one on one meeting to discuss their work goals and plan development activities During the one on one session with Alex, you engage in the following discussion You Hi Alex, thank you for taking the time to meet I'm excited to work with you on your professional development Let's start by discussing your current responsibilities and your aspirations Can you tell me about your role and what you enjoy most about it Alex Hi, thank you for meeting with me I've been mainly working on preparing financial statements and assisting with tax compliance tasks I really enjoy the analytical aspect of working with financial data and finding insights to help our clients You That's great to hear, Alex Your analytical skills will be invaluable in our line of work To ensure your professional growth, we should develop a work goal that aligns with your responsibilities and your interest in analysis One potential goal could be to enhance your ability to provide actionable insights to clients based on financial data This goal could involve seeking out opportunities to collaborate with senior accountants on complex analyses and presentations What do you think about that Alex That sounds like a great goal I've been wanting to expand my involvement in those types of projects You Excellent Let's make this goal SMART specific, measurable, achievable, relevant, and time bound How would you suggest we make it measurable and achievable Alex Maybe I could aim to be involved in at least two projects where I contribute analytical insights within the next three months You That's a great idea And since we'll be collaborating with senior accountants, this goal is definitely relevant We'll set a timeline of three months for now, and we'll review your progress regularly As you work towards this goal, we can discuss any challenges you encounter and adjust the plan if needed Alex That sounds like a solid plan I'm excited to work on this goal and grow in this area You I'm glad to hear that, Alex Remember, I'm here to support you every step of the way We'll have regular check ins to ensure you're making progress and to address any questions you might have Review the excerpt from Money Matters Policies and Procedures Manual Professional Development and Support During your conversation with Alex, why is it important to make the work goal SMART (specific, measurable, achievable, relevant, and time bound) Select the best fit option from the list below Then, explain your answer It impresses senior accountants and shows your attention to detail It's a mandatory requirement from the HR department It provides a structured and clear framework for goal achievement It demonstrates your authority as a Team Lead (Approximate word count 35 50 words)

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Question 1.2 Scenario You are a Team Lead at Money Matters, an accounting firm based in Sydney, Australia. Your team consists of skilled accountants and

Question 1.2

Scenario You are a Team Lead at "Money Matters," an accounting firm based in Sydney, Australia. Your team consists of skilled accountants and bookkeepers who provide comprehensive financial services to clients. You are responsible for guiding and supporting the professional development of your team members, ensuring their work goals align with their responsibilities and the firm's objectives.

Excerpt from "Money Matters" Policies and Procedures Manual: Professional Development and Support

Supporting work goal development:

Team Leads are responsible for assisting team members in developing work goals that align with their roles and responsibilities.
Regular one-on-one sessions will be conducted to discuss individual goals, identify areas for improvement, and plan development activities.

Job description of Junior Accountant:

Prepare and review financial statements, including income statements and balance sheets.
Assist in tax compliance tasks, including calculating tax liabilities and preparing tax returns.
Collaborate with senior accountants to analyse financial data and provide insights to clients.
Stay updated with accounting standards, taxation regulations, and software tools.

You are assigned as a Team Lead at Money Matters and are responsible for supporting Alex, a junior accountant. Alex joined the firm recently and is eager to develop their skills further. You've scheduled a one-on-one meeting to discuss their work goals and plan development activities.

1.2.a

During your one-on-one session with the junior accountant, what is your primary objective regarding their work goals? Select the best-fit option from the list below. Then, explain your answer.

Set goals that are unrelated to their job description to challenge them
Dictate the goals that they should focus on without their input
Develop goals that align with their roles and responsibilities
Avoid discussing goals to allow them to work independently

(Approximate word count: 35 - 50 words).

Attach filesSave

1.2.b

As Team Lead at Money Matters you are responsible for supporting a junior accountant, Alex, who recently joined the firm and is eager to develop their skills further. You've scheduled a one-on-one meeting to discuss their work goals and plan development activities.

During the one-on-one session with Alex, you engage in the following discussion:

You:	Hi Alex, thank you for taking the time to meet. I'm excited to work with you on your professional development. Let's start by discussing your current responsibilities and your aspirations. Can you tell me about your role and what you enjoy most about it?
Alex:	Hi, thank you for meeting with me. I've been mainly working on preparing financial statements and assisting with tax compliance tasks. I really enjoy the analytical aspect of working with financial data and finding insights to help our clients.
You:	That's great to hear, Alex. Your analytical skills will be invaluable in our line of work. To ensure your professional growth, we should develop a work goal that aligns with your responsibilities and your interest in analysis. One potential goal could be to enhance your ability to provide actionable insights to clients based on financial data. This goal could involve seeking out opportunities to collaborate with senior accountants on complex analyses and presentations. What do you think about that?
Alex:	That sounds like a great goal! I've been wanting to expand my involvement in those types of projects.
You:	Excellent! Let's make this goal SMART - specific, measurable, achievable, relevant, and time-bound. How would you suggest we make it measurable and achievable?
Alex:	Maybe I could aim to be involved in at least two projects where I contribute analytical insights within the next three months.
You:	That's a great idea. And since we'll be collaborating with senior accountants, this goal is definitely relevant. We'll set a timeline of three months for now, and we'll review your progress regularly. As you work towards this goal, we can discuss any challenges you encounter and adjust the plan if needed.
Alex:	That sounds like a solid plan. I'm excited to work on this goal and grow in this area.
You:	I'm glad to hear that, Alex. Remember, I'm here to support you every step of the way. We'll have regular check-ins to ensure you're making progress and to address any questions you might have.

Review the excerpt from "Money Matters" Policies and Procedures Manual: Professional Development and Support.

During your conversation with Alex, why is it important to make the work goal SMART (specific, measurable, achievable, relevant, and time-bound)? Select the best-fit option from the list below. Then, explain your answer.