Huang
Hsiao-Ping Major Work Achievements(1/2)
20260105
Hi, this is Emily, I’m from the Republic of China (R.O.C.), a Taipei
native, and I’m the author and founder of this blog; my professional background
is involving in finance, accounting, internal control and auditing. The name in
the subject of this article is my full name in Chinese, this is an update of my
professional profile published on LinkedIn platform. Please also refer to About Me, ExpertsSay, What to Say, Ask Me A Question to know my background. Thank you!
There are 3 paragraphs in this article, Former Employers, Major Work
Achievements and Passed Professional
Exams; according
to the operating purposes of this blog, this article is also available for
interested sponsors’ publishing the advertisement or leave your comments for
your products promotion. This article is also
suitable for companies, organizations and the employees and job seekers’
reference. The way to advertise
or comment, please click and know Advertising Areas; if possible, please share you’re your friends who
are in the professional fields of investment, legal, business management
consulting service and work culture development. Thank you!
Introduction
Begins
1.Former Employers.
The purpose of this paragraph is for this blog’s
potential business management and career advice clients’ knowing those
professional work performance result assessed by my former employers; the
following companies are those work environments and sources where I built the
professional work skills and experience, my major work location of the company
I worked for and the headquarters all located in Taipei City, the Republic of
China:
2010-2011 Chairman Office,
Taikoo
Motors Group
2005-2000 Strategy Planning Business Group
Finance and
Accounting Business Group,
Arcoa Inc.
2001-2005 General Management Office,
HIM Music
Group
1996-2000 Internal Control and Internal Auditing Team,
Pricewaterhouse Coopers, Taiwan
2.Major Work Achievements.
In this paragraph, there are my past work achievements,
and, it also describes how I obtained
those work achievements or how I felt; however, some of below work
environment described are not listed in above former employers, more than that,
below only contains those rare situations I define subjectively, and I welcome
your leaving message or asking questions about those you hope could know but I
don’t mention.
If you feel there is something helpful to you, please sponsor in any amount and request for self-media resources as the return
based on the amount of your sponsorship listed in the corresponding fields in
the Return for Kindness Chart👈Please read this blog’s Service At AGlance/Advertising Areas, Payment Tool. Thank you!
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Major
industries experienced, the biggest business size in work history: Retailing
and service industries, TWD8 billion sales amount (not including Taikoo Motors
Group, its sales amount is surely more bigger!😊), 800 direct stores, 1,000+ employees.
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Work
department management experience, team size: Finance and Accounting, Human
Resources, IT, Legal, Customer Service, Central Procurement, Logistics and
General Affairs; team size 77(including 44 store clerks work performance
management).
I would like to utilize this opportunity to share my
work experience and ask for your comment (it was not suitable to provide suggestion
in the work environment then, if I did, it was a challenge to the management
concept this company has done for years): Do you think it's appropriate for the company to
arrange for non-store service employees to take turns going to the store to experience
the hardship of humbly serving customers in order to build team cohesion? The
following is my point of view:
Service Quality -Employees who have not received
service training are not suitable to serve customers.
The need for overall cohesion – Each department has a specific job nature and
requires physical labor or working hours. To maintain overall cohesion, it's
advisable to arrange cross-departmental work experiencing rather than focusing
solely on store service.
Comprehensiveness and neutrality
of management – Company
regulations should avoid making employees feel it bias particular parties. In
the above example, I felt the company favored frontline service staff; this was
confirmed afterward.
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Project works major responsible person work experience: System implementation projects of all the past work
environment /the largest project team size managed containing 100+ team
members, management policies establishment and implementation projects, total
work performance and quality improvement projects, ad-hoc projects assigned by
the Board of Directors.
Regarding project works, they are a kind of work with a
clear starting date and closing date, although, they need maintenance or
continuously update after cases closed, it’s
work nature mainly belongs to a one-time task, therefore, per all kinds
of projects works involving multiple
work functions in the organization of the companies, please be advised
to define those responsible persons, As, of all the involved departments👈All the As are the
contact persons of their departments to the project responsible person, As are
responsible for kinds of discussions of their own departments and report the
result and progress to the project responsible person.
i. System
implementation:Readers may
hope to know related sharing of system implementation, accordingly, besides
reading those articles under the directory of eProcess Implementation, please talk to your selected system vendors to know their system products and
confirm they are also a type of the modularized or you need to know how they classified
👈It is because you need to define those corresponding KeyUsers in your company/organization based on
those above red words, it means, you need to define a
particular person for a particular system module or for a particular system
function, so you are able to operate the system completely and you won’t miss
any system work step; Key means the representative or the key person, it is
because your specific work function will need to align with a specific system
function, for example:Sales
Assistants, there may be many Sales Assistants, and you only need to assign one
of them as the work representative.
The above-mentioned KeyUser is an
inevitable situation, your company/organization, therefore, will hope could
define the KPIs of the KeyUsers and the Learners(who need to learn from those KeyUsers)
for this system implementation work and define the work review frequency(to
review once every N weeks or every N months), it is to enable all the work progress to meet the project work
schedule. However, those
managers who need to support the work project, if their work position is not
high enough, or, those managers in high work position don’t support those work
projects, this blog would like to suggest you give up that specific project
work or don’t participate in it👈It is to avoid its wasting your time in your career.
ii. For those projects involving multiple
departments or the organization of the company, this blog suggests you to start from defining the project work
responsibilities of all those involved Departments Heads, those
situation including once you want to go IPO, the IPO preparation work is also a project work which has a
clear starting date and closing date, and it is not only a Finance Department
work or an Accounting Department work, because IPO is related to investors of
the company in the future, hence, all the influential managers of the company
need to make efforts to it; it is the same that if you are a startup firm, to
create your company work organization chart is also a mini size project work,
please be advised to firstly define the work responsibilities of your
Departments Heads or to define which work function’s department head is a
concurrent job of another department head, regardless of hiring a new manager
or it is concurrent by another department manager, please ensure the work
functions of your work departments are complete in the company👈It is a task needs
to be conducted in a gradual work progress, because you will need to change the
work organization based on the change of your business needs. However, it is
helpful to your company to complete the definition of your work organization
chart, for example: the boss cannot assign the work owner arbitrarily every
time when there is a case, the boss needs to assign work owners based on the defined work roles and
responsibilities.
Project manager is the project responsible person, if the project manager’s original work title shows a lower work position than all the Departments Heads👈👉 It doesn’t affect the work power of the project manager to define the project work responsibilities of all the involved Departments Heads.👈Otherwise, how this project managers can achieve this project work result?! This blog suggests project managers to confirm your work power with the decision makers of your company; and if you are concurrently doing the project work, remember to ask for a project work relevant subsidy or overtime work pay(if your job nature is project manager or case or event basis, it is only applied to overtime work pay; do you agree?! What’s the difference?!).
iii. You may want to refer to articles
listed in the directory of Policy Design Studio.
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Those work achievements regarding the Business Planning(=BP),
establishing the KeySuccessFactors(=KSF) and KeyPerformanceIndex(=KPI):Using
the existing force to reinforce or exert force, working with suppliers
and customers to create new
income sources; it included working with travel agents and resulting in
customers visiting increase within 7 months and achieved TWD200 million,
coworking with the Bank for brand exposures with TWD0 cost, maintenance cost
center transforming to profit center, building up the ecommerce business model,
improving 3% cosmetics product margin by action plan with volume and price
analysis, increasing 2% cash inflow and activating 1% customers of engineering
firm.
I intentionally add BP, KSF and KPI together👈👉Please think that a successful BP
needs those KSFs and KPIs, do you agree?!
I suggest you to consult Accounting Department of your company to know
what the Cost Driver is 👈Once you realize it,
and, relatively, what are
those KSFs for creating the income of your BP?! Therefore, in my mind, I
define KSF is the RevenueDriver, however, what is the specific
situation you satisfy with in order to achieve the KSF, and the situation is the
KPI👈👉Do you
agree?!
Take above customers of the engineer firm as an
example, 1% activated:
At that moment: I was the manager of the finance and accounting
department, I feel it is a pity if we don’t utilize those old customers list.
Motivation and purpose: I want to use current existing resource /old
customers list to increase the company’s income.
KSF:
i. Old customers list.
ii. It started from reviewing and selecting those good customers this company has successfully dealt with
in the past and there is no overdue Account Receivables from them.
KPI: Once I successfully achieve a
transaction of a particular amount with 1 customer, I define myself
successful in that case/because I am not Sales Department and I achieve a kind
of sales target, I defined my KPI=1(finally it achieved 1%), the KSF of this
case👈You are
right, I didn’t visit those customers, however, my KSF was the key action. What
do you think?!
If you want to start related works, I suggest you to define the times
your sales persons need to visit the customers as the KPI; for example: A
visits customers 3 times, B visits customers 4 times. 3 and 4 are the KPIs.
Sharing and reminder: I was the finance and accounting manager, for those work of
interacting with customers, I must let the Sales Department know or it is the
Sales Department needs to contact those customers, it needs to be done in this
way to avoid to confuse those customers, otherwise, customers may misunderstand
the work roles and responsibilities of the company I worked for was in a mass. What’s
your idea?!
About above co-working with the Bank for increasing the brand exposure
with cost of TWD0.-, it was because the business type of my former employer is
special, there were lots of suppliers hope could work with the company I worked
for, accordingly, I defined the brand exposure as the KSF = the channel of bank
statement submission, I raised the idea of TWD0 charge/I didn’t define it as a
must, it succeeded at the end. If there was no company hope could work with us,
I would still raise this idea, it is
majorly because no one needs to pay any cost if they raise an idea👈👈👈this is for
your considering whether there is your current existing resources you are able
to utilize and you don’t need to purchase additional resources or you don’t
need to pay additional expense, it is to set the target as mutual benefit
and seek for external resources to exchange it/rather than only seeking for
benefit for ourselves, I believe there are many people would like to discuss on
it. What do you think?!
At the end of this paragraph, please allow me to know your idea about above 2 Keys?! In Chinese, they are 2 keys👉to unlock the door of creating profitability👈Do you agree that there is a work unit in your work organization👉Financial Planning and Analysis(FPA)👈Those elements they do for periodical reporting are those keys to unlock the door of creating profitability of your company?! I at least met finance and accounting managerial persons in two companies, they think that [FPA persons who are good at inputting numbers in the reports], [input in a fast speed] those FPA persons are professional FPA, so I assume it is a constant situation is the FPA group👉This blog suggests you do not have this kind of misunderstanding, because, the following situations are more important than inputting those numbers in reports:
Key1:To define effective FPA elements, it is to define what is necessary to
analyze.
Key2:In Key1, less is more; if you have many keys, it doesn’t mean you are
able to prevent from thieves’ breaking in, those keys need to be advanced and
useful in order to be good keys.
Key3:In BP or FPA work, when they are doing estimating those sales
opportunities of new products,
especially for estimating the sales amount of those countries where the
subsidiaries locate in, please be advised do not request those number provided
by your Finance and Accounting Department of your subsidiaries unless
you can make sure they won’t provide a number just an adjustment of current
products’ budget sales number /please do not blame on them once they are doing
it, because, it is not the Finance and Accounting Department inventing those
new products, they just want to submit the feedback before deadline and it is a
waste of time in doing it and meaningless👈👉Please ask for your Product
Development Department to explain why they think there is a market for
those new products, Product Development Department creates those new
product plan, therefore, its sales forecasting or estimation cannot be responsible
by other department, otherwise, why they create this new product?! Please Product
Development Department defines what kind of channels your subsidiaries must
go to or defines the logic to estimate the volumes of sales, and, it needs to guide subsidiaries in what kind of target market
to investigate the possible acceptable
sales price. Please comment on this idea, or, please share the work
model about how your company doing the estimation to know the potential demand
of the market for your new products, you can utilize your comments to promote
your products for markets demands estimation. Thank you!
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Integration ability, reducing business operating cost: Integrating sales terms
and enhancing the bargain power to obtain more beneficial advertising space and
slotting fees, integrating the overall
purchasing need of the company, successfully reduced TWD millions of
the renovation cost, TWD0 cost spent in co-marketing work with the Bank,
reduced 15 working days of accounting closing and number of customers’
complaints.
In this paragraph, please firstly refer to Group Central Procurement Management Policy to know the
work roles and responsibilities allocation and those benefits it may bring to
the company.
In this paragraph, it mentioned cost saving of renovation and
co-marketing with the Bank, you can say it is a kind of giving the benefit to
the other party or exchanging resources👈The company I worked for, its sales and
services work locations are around the country, there is a great possibility we
can request for services provided by a high quality with low price vendors
[based on the location], however, finally we selected and defined only one
service provider for our renovation, the purpose for the convenience in communication, simplifying the work cost of maintenance after case closed and the
convenience in accountability, and, this renovation service provider was able to have a big size of
service opportunity from us to reduce overall renovation cost/it is also the
first time this vendor providing service for us as a representative service
model of them; where there
are stores, there are space available for others doing marketing, this is the
key point we co worked with the Bank, it utilized the volume of credit
cards acquiring and customers visits, what kind of win-win marketing solution
in your mind suitable for company that has many stores for working with the
Banks?!👈👈👈Please
let people know your idea: if the amount of transaction is big in the stores,
however, it doesn’t accept credit cards payment, are they helpful for the Banks
doing the marketing work?! What is helpful?!
Those companies or Groups who have lots of stores, at the end of this paragraph, please allow me to know your idea about sales
terms of multiple sales channels:
Question 1:Your 1 product is distributed to multiple sales channels companies, and
these sales channels companies belong to the same Parent Group, so what you can
do?!
Question 2：On the contrary, products of all your subsidiaries are distributed to 1
Group, therefore, what kind of resources you can integrate from it?!
Question 3：So, in your
company, what kind of department is responsible for finding out this kind of
opportunity for integration or what is the opportunity to find out this kind of
resource or commercial terms for integration?!
Question 4：Above all, when your company or Group
contains kinds of products, if it doesn’t affect the major business topic of
the channel company or the business topic of the store, what kind of support or
help your stores or
the website of your stores are able to provide for other kinds of products to
achieve what kind of business achievements?! Is it possible it can help
by-products or accessories products of the same
brand image to become one of the income sources?!
Question 5：Based on Question 4, besides
advertising, lots of exposures or providing price discount, what kind of
emotional impact you would like to use to attract more customers?! There is an international famous
food and beverage restaurant using a topic of [family and children] for a long
time and it has achieved an amazing business result, hence, do you think
[funny] or [interesting] is also feasible?! What kind of topic is more suitable for your products or services to
attract more customers?!
↑How you would like to make decision about this question?!
This blog suggests you to define or
consider the following elements, the priority is based on the significance of
their impacts:
1st Purpose: Would
you like to use it to create profitability or you only want to use it to increase
brand awareness?! What kind of purpose you want to achieve?!
2nd.Those effects after the purpose is achieved, how long you
hope it can last: Your above mentioned purpose is for many years or only for
one quarter.
3rd.The required physical space you need to make room for it:
It defines your product size, and, you need to define it based on above two
elements.
4th.The convenience your customers using this by-product:
This also needs you to consider all of above 3 elements in order to make the
decision.
5th.The cost: This is the cost and benefit assessment of
above 3 elements. For example:Mobile
games or physical toys?! Or, perhaps, you'd like to consider dolls?! Or maybe
you would like to work with the cultural industry for folk toys?! These are all
for fun and interesting, how you would like to choose?!
Those work details this blog doesn’t share are simplifying the working
days of accounting closing and reducing the number of customers’ complaints, it
is because the work objective of these achievements only contain: To announce the outcome you would like
to achieve, for example: you want to report the confirmed sales amount of last
month at the 3rd day of every month👉you need to spend time to discuss how
to achieve it, and, to review and know why there are people raising problems
saying they cannot achieve it, and face to those problems and solve those
problems👉You
will achieve your work goal.
You will find out you cannot achieve the goal when reviewing how you did it, and, you will adjust your goal
accordingly or you will still have the same work target but adjust how you will
do it.
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Assisted the
company, which has been established for over 30 years, to obtain the highest
rating on internal control assessment for the first time, A+, awarded by the
Group.
This work achievement doesn’t mean that the internal control of this
Group is weak but enhanced by me and got the A+; my work ability and skills are
to assist those assessed department to make sure [the real purpose A of those
points being audited or assessed], and, [whether there is a mechanism B in
those assessed department or the overall environment of the company I worked
for can fulfill the purpose of A]👈👈👈Things I learned
from it is: Those written record of the oral communication or approval is a
kind of evidence of communication and supporting documents of getting the work
approval, it is also because of this situation, I hope no one would consider
management policies, internal control or management model is a kind of
difficult things; those who have got no good internal control assessment
results but who also feel yourself have no significant gross negligence, please
consider that it is possible you don’t express your management model, or, you don’t understand the purposes of
specific auditing step or the work of assessment only?! Therefore, if you know it, you can explain how you manage it👈Did you ask why or
what when being audited or assessed?! 👉👉Suggestion:
Please confirm the purpose of
everything + auditors’ opinion cannot overstep the approval or decision-making
authority of the supervisor of those departments being audited; relatively, the
purposes of internal control or auditing tasks are to finding out frauds,
effectively assessing the work efficiency and work effectiveness of an organization
(including the Corporate Social Responsibility), checking works being
appropriately approved or not.
🔆🔆🔆If auditors find
no frauds or they find nothing need to have significant improvement, it doesn’t
mean those auditors have less work eligibility or the company must be good at
management and vice versa👈👉It is because the auditing work’s nature is based on sampling checking,
and the work scope of sampling and checking is based on the annual auditing
plan, the auditing plan is confirmed based on the discussion with the top manager
or it is defined based on the analysis of auditing. What do you think?!
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Successfully
achieved the work roles and responsibilities adjustment after the company was
acquired, work culture adjustment, successors and compensation and benefit
management policies adjustment.
Do you agree: Organizational work roles and responsibilities adjustment
may happen on kinds of companies, it is not necessarily occurring after M&A
cases👈The important change of an acquired company is to adjust the organizational culture, do you agree?! This blog suggests those companies who want to adjust work culture you
only need to do the following things:
i. For those work culture objectives you would like to achieve, you need to
be transparent and communicate clearly with all the employees and ensure they
all understand it.
ii. To use a suitable statement to express: The work roles and the acquirer company and the acquired company (A and B), the employees of these two parties, in the view point of this business acquisition, it doesn’t make their work professions become higher or lower, everyone is colleague of others, there won’t be higher or lower work professions due to employees’ from one the two sides (Ex: Companies which make big profitability were also sold👈everyone knows it is a common sense).👈If employees of A and B go to interview with the stranger Company C, it is not necessarily employees from A or B will win the employment offered by C.
iii. Emphasize on work discipline and fairly
deal with culture difference.
iv. Immediately deal with those abnormal things which are not allowed👈Usually,
they are cases of violating the work discipline, it is a test of employers’
commitment of above ii and iii.
Once the company has
completed above, Employees will make efforts together and look forward to the
change in environment and the achievement of goals.
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Fundraising:
Shareholders relationship development, successfully got both side seal TWD hundreds
of millions’s investments letter of intent (for investments or for investees),
handled IPO affairs.
In the work progress of investment, how do you deal with it?!
I was not persuading those big investors, I did it this way👉👉👉 In all the
cases, it must to ensure to let all interested parties know the purposes of the
invested products or services Q, and the content of the presentation need to
has:
i.
Let people know
what this Q is doing for; and it is better that all the description is so clear
and easy that even people passing by the meeting room know what it is talking
about.
ii. Who would like to use Q?! What is the loss if they don’t use Q?
iii. To be honest, Q is a luxury goods or it is a must in the industry who is
using it?!
iv. If the presenter of Q, D, be asked about something he/she doesn’t know
how to answer, or, D is aware that Q is lack of some kind of design completely,
this blog suggests D honestly expresses: This is a very good question, we
didn’t consider that, however, we will study more and fix the gap.
If D is honest, it will bring them a second chance to explain it, it
also means that when they are operating it, D will stop Q’s related work steps
to stop the loss.
If D explains in a fighting or defense type, it means D doesn’t
recognize work failure👈In
the future, D will defend and explain he/she is right and keep investing the
fund or related cost, therefore, who dare to invest in D or Q?!
This is a reminder for your considering: There
are products of Startups that don’t have business opportunity at all, this kind
of companies are not cheating, it is just their products are not necessary.
In this paragraph, this blog also suggests jobs seekers
also apply above situation in asking questions in the interview of job seeking
and make those questions in a list, please remember to adjust your tone, and the purpose is to know more about
the products and service of the company you are interviewing and to know the
business attitude; although, jobs seekers may not meet D, however, jobs seekers
are able to know the attitude of those employees D has hired in order to decide
your investing time in pursuing this work opportunity or not, for example /it usually happens on
Startups:
i. There are some
startup firms, P, misunderstanding that false bigger predicted income number is
a common situation in
fundraising market, however, it shows P’s ability of forecasting the demand in
the market is not enough, investors may withdraw after times of failure
forecast by P because they think P cheats/a kind of story of The Boy Who Cried
Wolf.
ii. Some team members of P in the founders’ team thought that a professional
finance and accounting manager should agree with the way of above I, the false
number👈This
situation shows P’s finance and accounting managerial role’s interviewer is not
finance and accounting qualified, and P uses their opinion as a kind of hiring
standard.
iii. Due to P is of ii type, they usually don’t know the difference between
finance forecasting and finance budgeting; for finance and accounting jobs
seekers, if you are interested in attending an work interview with a startup
firm, please be prepared when you meet those kind of P then how you will
shortly describe the difference between finance forecast and finance budget,
because, P would like to use false predicted bigger income number = P thinks
that this is also the income budget number, however, P
doesn’t know to increase the income budget number is to increase P’s income target number.
P thinks he/she can use those number in the
reports to evade responsibilities for those actual business operation
obligation or to attract funding first regardless of the result. Please be
careful.
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Reviewing business plan: Found out acquisition risk in the amount of TWD
hundreds of millions.
This was an unintentionally achieved work result, but it also reflects
the necessary attention required for any acquisition or merger case: In the
business acquisition meeting, when there is only the boss representing for the
sell side company to attend the discussion, and the potential buy side company G
always not able to reach out F’s CFO for discussion, it is better for G to
prepare detailed questions as detailed as possible or give up this F case.👈👈👈It is unless F, the CFO(employee) would like to work with its boss for
fraud or cheating, otherwise, F must explain clearly about their finance
statement to external parties like G, F’s CFO is a required meeting member to
attend the discussion even more, the CFO needs to arrange the physical
stocktaking, checking
the completeness of contracts of their companies /it allows the
buy side G to know the situation of reports or contracts etc. and find out many
things similar or different with common sense👉👉G can give up case F in any moment, or, G
can investigate F continuously, however, will you choose to continue the
investigation when you have big doubt about that case you are assessing?!
If you have asked a question and the sell side boss doesn’t want to
answer your question, it is possible your question is a key question.
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Problems solving
abilities:
Peacefully resolved labor disputes, handled
integrity issues of equity sell side and dealt with big bad debts of the
company (finally collected receivables from customers) and government
investigation case
In resolving labor disputes or integrity issues
cases, the common attitude of dealing with them is sincerely talking to the
other party/every employee of the other company; when handling the labor
dispute cases, I was fortunate that my employer 100% supports legal compliance
and treats employees well, the point of that case was the manager mistreated
the employee without any authorization by the company and this manager
dismissed the employee.👈I found it after talking to that employee. Based on the trust my boss has in me and my consistent belief that this
company is run with integrity, it allowed me to tell this employee, M, that: I
need to conduct a thorough investigation again, if the issues are indeed caused
by OOO[Manager's Name], I will report the facts exactly as they are. The
Chairman has promised that all rightful payments will be settled, but he
expects to uncover the truth. If your claims are substantiated, who would you like to
receive an apology from?
Because of my description in red, M
felt that there is a possibility the Chairman would like to apologize, M thinks
it is not necessary, M’s intention is not getting the apology from the
Chairman, the only one thing M hopes to have is the truth to be made public and
to receive reasonable compensation.
In this case, it is ultimately a
reflection of the company owner’s / the company’s fundamental integrity, I simply had the opportunity to
facilitate the process.👈👉 I have no personal prior knowledge of M’s character, however,
if my role leads M to perceive me as the sole representative of the owner, what
risks do you think this might create for M, for the company, and for me?
Regarding the issue of corporate integrity
during equity transactions, I would like to share the following directions for
auditing the seller's accounts for your reference. I would like to also invite accountants, lawyers, and relevant judicial
or government authorities to comment on these issues. This will help professionals protect/as a reminder their employment rights
and maintain their commitment to integrity:
i. Professional managers please you must
have studied Accounting knowledge, even with fundamental accounting knowledge,
and please you must also understand the meaning and purpose of the [Accounting Accounts
Schedule]( a list shows the composition details of the ending balance amount of
a balance sheet account; the number is called the amount left, so, it means the
ending balance) and thoroughly investigate the accuracy and underlying reasons
for the line items in its sub-ledgers + do not assume that a company with an
"Unqualified Opinion" from a prestigious certified accountants firm
so its finance statement is inherently transparent. A simple, targeted
investigation can verify the hypocrisy or lack of integrity of a renowned
accountant firm.
Accounting
Accounts Schedule, if you don’t understand this kind of thing, please
assume that this chart is your bank passbook, the notebook for your recording
the value of the objects kept in your warehouse, repayment schedule of bank
loan agreement, and statements of your investment account from your investment
fund company. 👉it must
add the amount left of last particular date in order to show the amount left of
the specific date it wants to show you, so it can show the amount left to let
you know how much amount you still have/possess; let’s take bank passbook as an
example: You
2025/12/31 Create an bank account and
you must deposit in TWD1,111.-
2026/02/16 Lunar New Year’s Eve, you
received lucky money TWD8,888.-
2026/07/15 You spent money for summer
vacation TWD3,333.-
2026/12/31 You have TWD6,666 left in
your bank account
Therefore,
Your Profit and Loss statement
for the period of 2026/1/1~12/31 shows
Income 8,888 - Expense 3,333
= 5,555 This number means the net income of
this period, if you have spent more, it is a net loss; those
wording in red will show in the period you define of the Profit and Loss Statement you hope could review.
Those number described
in blue is the number left and listed on your Balance Sheet at the following
each date, those number in blue will be shown on your Balance Sheet for
the specific date you define in blue below:
2025/12/31 1,111
2026/02/16 9,999=1,111+8,888
2026/07/15 6,666=9,999 – 3,333
2026/12/31 6,666, it is because there is no cash income
or expense in this period.
The Accounting Accounts Schedule for a
particular accounting account explains how the amount left in
blue in detail/it
lists all the detail of those in blue and the corresponding reasons’
description, and the dividend case this blog shares below means that [those
amount requested for adding in record as the Accrued Expense is fake], there is
no facts of it, the booking amount instructed by the general manager has not
happened yet or it won’t happen in the future. Accounting rule is: at the
moment you do the accounting, the event exists or the event of the risk exists,
then you can record the event or the risk of the event accordingly. Hence,
those have not happened cannot be recorded in accounting book because there is
no facts as the bases for amount estimation, though you have already known
there is an upcoming event will be held next month, you still cannot book any
record of it because it has not happened yet, your company has not occurred any
payment obligation to any event suppliers.
This blog would like to share an idea
for reference for those managers or general managers who want to follow the law
and don’t want to cheat but you want to reserve some money for your upcoming
activities, the way is easy to do: You only need to draft your plan and
estimate the amount and report to your supervising unit, once you get the
approval, you can freeze the amount money for your use for those activities in
the future…that’s all👈Do
you think it is extremely easy?! Unless👉👉👉 You don’t want to report because you
are sure those expense will happen but you don’t want them to be deducted from
the income earned at the same moment in the future =Those expense be booked now
but the money will be spent in the future, thus, the way you do it is
manipulating the amount of your profitability, your finance statement is not
stated honestly.
This blog would like to suggest those
finance and accounting heads who encounter this kind of situation, however,
even your general manager doesn’t know why the former one doing it, and, all
those finance reports have been reported to the upper level management team but
no one has found it is in a mass, I suggest you: Report to your general manager
about this situation and your plan of clearing the books to earn their support.👈When you find errors
exist in past finance statements and even the headquarters has read but not
found the problems👉Unless
there is fraud, otherwise, the first work priority is doing book records clearing.
What do you think?! What is the content of your employment contract?!
ii. Please be advised that you must check:
a.
Historical [Book-Tax Differences]. If we assume A as the finance
statement number that follows the accounting rule, and A needs to be adjusted
to B for tax return purpose, therefore, this blog suggests you to analyze the
difference between A and B.
b.
Review the
adjusting entries made by external auditors during previous years' audits.
My work experience and suggestions are:
a.
Notices of
Tax Assessment and the difference between the finance statement number and its
adjustement for tax purpose: Please consult the National Tax Bureau
or relevant tax authorities regarding the target company's Notice of Tax
Assessment; a company can state it [has no potential tax liability of specific
year] only when it has got the tax assessment notice as the confirmation for
that year rather than the year it got the tax-certified CPA’s audit report.
And, a company which has received a year 2025 assessment notice does not
guarantee that its 2023 or 2024 filings have passed government inspection,
unless the way your jurisdiction issues the assessment notice is on a [
cumulative multi-year clearance] base.
b.
Due to a.’s situation, regarding the difference between
number in finance statement and for tax purpose, I suggest you to confirm in a
factual basis, though, the company may have already paid the taxes legally,
those figures rejected by the tax authority may be a sign of its finance
statement containing hidden motive of malpractice, and the certified accountant
of the audited company may possible don’t know about it, intentionally work with
it or provide an unqualified opinion based on particular strategic reasons.
c.
To accessing
historical certified accountants’ auditors audited adjustment entries: Accounting
entries of the audited companies or the auditing working pager of the certified
accountants all possibly remove some record once there are external parties request for access and review, and, those
deleted records may contain those the certified accountants have compromised or
the amount is minor resulting in the adjustment is passed👉 You can say it is an
adjustment or a reclassification, however, what this blog would like to express
is to suggest you to review the description and opinion of their field- work
external auditors before you making the judgement, it is majorly because those
field-work auditors are those persons who most work closely with the
accountants of the audited companies, and those working paper, therefore,
contains their communication with the companies’ accountants, you will find
many situation you are not about to find out if you only review the finance
statement, or, the audited companies’
certified accountants may not provide you with their auditing work paper, and
in this situation, you can ask the cerfified accountants of the audited
companies to provide a legal statement again with the description of their
provided information with no false and misleading, and ask for their declaring
that they have honestly expressed based on the audited
result by their auditors and also the audited
companies have provided all the required information at that moment 👈 The
description in red
and blue is to avoid the audited companies
and the certified accountants working together for the fraud/due to the work role of certified
accountants, the National Tax Bereau may not necessarily find out the fraud👈👉because the situation seems that the companies have paid
the taxes legally and the taxes amount is big or the companies have big brand
reputation. You will find that you can see this kind of description only in this
blog and in this kind of paragraph. This is description is based on my work
experience in an audited company, and once you receive above declaration of
above wording in red and blue but finally it happens a cheat in your M&A case, it
means the certified accountants may have problems in lack of auditing skill or
less work integrity.
As a person working in a finance and accounting managerial role, I hope
could ask for your comment or provide professional legal opinion and how to
deal with the following problems: In a work environment, how to keep
incident records and provide those evidence?! It is because in the whole
situation, I was the one being told by the regional CFO that one of the two
parties, the General Manager of the company I worked for and I, must leave the
company to ensure that the number of our business revenue won’t decline(the
top manager of the area is for sales function), and finally I was laid off
for a reason of not enough professional work ability/though there was no
description of which kind of professional work ability I need to improve…etc.
a.
The general manager frequently gives unexpected verbal
instructions that violate accounting principles, such as: [You should reserve
the amount of ※※
of expenses in this month's accounts for future OO use].👈 However, there is no
actual OO. This situation always occurs unexpectedly, and besides the general
manager, no one knows the calculation principles for ※※ amount or the estimated time point.
And in the situation when communicating with the general manager about
accounting principles or requesting information about estimation principles,
the general manager told me👉 [This is for management report purpose] or [Don't think you can rely on Hong
Kong so you can ★★, I have my own way of doing things/I
can do... to you] etc., those responses were irrelevant to my questions or have
no cause (maybe it's the general manager's imagination).
b.
In a., and in the accounting records, people can know
that the company I worked for has done things in that way for years, and, the
certified accountant’s audited report has no related improvement suggestions,
those opinions were as audited unqualified opinion reports; please allow people
know the certified accountant’s legal responsibility in this situation?! The background of
this question is an answer this certified accountant replied to our headquarters’
question [it is a result of this company’s conservatively accrues the business
result], however, in my angle, those amount has no source, they should not be
accepted in the record.
c.
In above b., the issues are the business result of this
company is good, it has generated lots of cash, it always completely paid the
cash dividend [based on those available amount for dividend], those added false
expense causes shareholders didn’t receive the dividend they have rights to
have. Please let me know your idea: Even OO or ※※ will happen and the amount was accurately predicted, is
there any legal responsibility this general manager and the former finance head
need to undertake?! The rules of definition of your judging on there is legal
responsibility or not would cause impact on those accounting principles and the
accounting work ethic education, do you agree?!
d.
I believe that readers you have felt my work attitude is
not supporting the way of generate accounting record with no factual evidence👈Maybe, it is because of this situation,
there was another IT accrual expense case/IT department provided a government
uniform invoice(GUI) of computers purchasing, however, there was no actual
purchased computers equipment but the approval by the general manager on the
document, the IT manager told me directly👉[I don’t know, it is our general manager
wanting me to request for this GUI from the suppliers to estimate the amount of
expense and give it to you]. In this occasion, please let me know your idea
about everyone in this situation, the general manager, the IT manager and I,
all the legal responsibility and what kind of the responsibilities each of us
need to undertake?!
[I rejected it, however, I've forgotten
what I've done in detail, it seemed, in this case, I've prepared for its tax
refund document for this supplier👉 because, this IT supplier has corporate tax obligation
based on its issuance of the GUI, and our side returned it to this supplier so
we need to prepare relevant document for its application for tax refund from
National Tax Bureau.] Thank you!
e.
When I just started working in the company, I
learned from the general manager that the parent company had just begun
financial due diligence and the general manager also instructed me to maximize
the number of profits on the financial statements. This instruction was clear,
though, I didn't understand why it wasn't described as [Please organize the
accounts clearly], I felt strange; I found there is clearly overstated cost
items in the accounts [in the past], I immediately reversed them and
attached the supporting calculations. As a result, the head of legal of the
headquarters publicly accused me in an email saying my potentially manipulating
profits and losses/ Although I just joined the company, the content of that
email made me feel that my company and the parent company had been
communicating for a long time, it is forwarded to me because the general
manager unable to handle the situation=The general manager intercepted
many emails that I (the finance and accounting head) should have received
(later proven my assumption about interception was correct). 👈This falls under
group-wide communication, please readers you comment on it, I want to know
whether such accusations by the legal head of the headquarters is illegal?! The
general manager also did not help me to explain or clarify her work
instructions of maximizing profits on the finance statements. However, if the
general manager has intercepted messages or manipulated things at this stage,
what I can do when I see the abnormality in the email?! Because I don't have
the contact information of other supervisors/I don't know who is who or what
the whole situation is, my direct supervisor is the general manager, and my
only source of information is the general manager. 👈Because of this
situation, I don't specifically ask what I am responsible for, because all were
handled by the general manager, and I didn't receive emails or inquiries from
headquarters or the requesters.
f.
As per e., I was summoned by the general
manager and waited outside her office for her to finish her phone call so we
could discuss something. I overheard her telling the person on the other end of
the line, [I didn't interfere at all; I told Emily and the others to handle it
themselves (something like: Do what you need to do).]👈This is clearly a lie; in our
subsequent interaction, I deduced that the person on the other end was the
then-chairwoman of my company, the brave woman described in news reports/I observed
that she was proactively rewarding employees.👈The Chairwoman in the general manager’s
description is someone who doesn't like spending money on employees. The
purpose of this paragraph is to provide context for other paragraphs, I hope it
helps readers or professionals who would like to comment could know more about
the management dynamics in workplace interactions.
g.By the way, based on e., please also refer to Group Central Procurement Policy; in fact, the legal head of the parent company has done
things in a good way👉he
needs to review all the legal firms to decide the particular legal firms we can
work with, it is assigned by the parent company or the one the company I worked
for is consulting, I forgot his decision, however, when I was told I needed to
be laid off, the legal firm representative for the company (I forgot it is
assigned by the parent company or the one our company was consulting) asked me
through our human resource department to sign a statement that I cannot request
for any compensation for related matters. I hope could
have readers comment:
-
Why would an employer require an employee to sign such a
declaration if the severance process is appropriate and legal?!
-
I have neither seen nor received any clear statement from
the company regarding those tasks I was incompetent to; therefore, is the
company illegally severing my rights?!
-
Therefore, is the law firm breaking the law?! If so, what
it should be sanctioned for knowingly violating the law?!
-
To those working in the workplace, what kind of justice
you want to fight for in this situation?! 👈The question is: Would you continue working in
a dark office environment?! Therefore, what kind of justice you want?!)
h.
The top management team of our regional headquarters in
Hong Kong has visited us talking about this issue, they have face to face to us
and gave work instruction [Do not do this kind of thing similar to stealing
money from shareholders] 👈Right
after this group management team left our office, the general manager wanted me
to arrange another fake expense accounting accrual (I didn’t do it).👉
Of course, I reported it to the regional headquarters, and the final
result was that I was laid off, which also illustrates the management situation
of this group.
i.
So far, how would you rate this group?! Here are some
other observations:
-
My colleagues at headquarters and the Hong Kong regional
office always express gratitude when they receive reports from Taiwan.
-
The person at headquarters expressed admiration and
gratitude for my arrangement of overtime to communicate with him.
-
The CFO at headquarters and my company's Chairwoman, whom
I've never met but received my financial statements, replied to me expressing
their gratitude.
-
In my personal opinion, the entire brand has been ruined
by the general manager alone. What do you think?!
-
If all financial accounting reporting line were directly to
the headquarters' financial accounting department, none of the above anomalies
would have occurred. What do you think?! This is extremely basic internal
control; does your company/group agree?! My regional CFO once did employees
interviews, as shown in the following paragraph ↓, but his supervisor was in the sales function. As mentioned
above, the idea of [not wanting performance figures to decline] led to the
sacrifice of [integrity]. Is that right?!
j.
Please let people know:
-
If you are a good friend of above general manager, and,
you are also this general manager’s supervisor at work place with more than 10
years co-working experience with each other, once you receive the report, what
you will do?! Will you believe the reporter?! Why?!
-
As above, you have worked together for more than 10 years
or longer; if there are 10 of you or more, and, all of you are the members of the
Board of Directors, this reporter tells you a situation of this general
manager that is totally opposite of this general manager’s personal image in
your mind. What you will do?! Will you make decision based on the reporter’s
work title?! What you will do if the reporter is a fronline employee?!
- As above; what about the person being reported is the CFO who has worked in this company for a long time and the Board of Directors trust this CFO very much, what you will do?! Do you want me to share another story?! 😊
-
A person’s work integrity is irrelevant to their work
title, their work function and the service period they’ve invested in the
company, do you agree?! 👈👉And,
if you agree, will you do what you agree with?! Why?!
iii. In sincerely communicating with a large
number of employees, you will always find that different employees have
different opinions on the same event or the same supervisor; those slight
differences in opinion are signs of abnormality.
This sincerely means, when you are
talking to each of those employees, do not assume there are bad one, it is because when you assume there
are bad people, those who are interviewed will feel this kind of energy and it
causes their resistance due to their feeling being doubted; please let me consult you: why you want to talk to
employees?! How you will explain your purpose?!
If you are a person who feel above
wording in blue is very difficult to do, then please let me consult you
again: Why you think there are evil employees in the acquired company or the
audited company?! Do you agree bad employees always resulted from managers who
have less management skill or evil managers?!
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