The Basics of Matrix Management

A former captain in the US Army, Yasser Josue Brenes has found success as an operational administrator and senior executive at a number of large US companies. Since March 2022, Yasser J. Brenes has served as area president with Republic Services in Houston, Texas.

Republic Services fosters a matrix management environment that requires top administrative leaders to oversee a wider infrastructure of senior-level manager teams. When it first rose to prominence in the late 1970s, the matrix management approach addressed the increasing levels of complexity in business projects and operations. As interactions along project, product, and geographical lines have become increasingly important, traditional business hierarchies have become less and less effective.

Matrix management replaces the simple, single-boss, vertical system with an alternative that places employees beneath multiple superiors. Although it is more complex, matrix management allows for far greater efficiency when it comes to functionality and productivity. A company employing a matrix approach might have employees from engineering, customer service, sales, human resources, and finance working closely together on a single project.

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The Two Basic Types of P&L Statements

An accomplished senior business administrator, Yasser Josue Brenes has served as Area President- South Area, based out of Houston TX for Republic Services since March 2022. In this role, Yasser J. Brenes has prepared P&L statements for companies with more than $900 million in assets.

Short for profit and loss, P&L is one of several metrics that help identify the overall financial health of a company. Subtracting total company expenses from total company revenue to determine net profit or loss, officials generally generate P&L statements on an annual, quarterly, monthly, or weekly basis.

Finance and business professionals can create P&L statements using cash or accrual methods. The simplest of these two methods, the cash method, tabulates all monetary assets that have gone into or out of a company. Smaller businesses generally employ this method.

Although the accrual method is significantly more complicated than the cash method, it is ideal for companies that want to draw a more accurate picture of overall financial health moving forward. A record of revenue as it is earned and expenses as they are paid, an accrual P&L statement takes incoming payments into account that a company has not yet received as well as outgoing liabilities that it has not yet paid.

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