Apply Digital Solutions To Work Processes

Apply Digital Solutions To Work Processes
BSBMGT407 Apply digital solutions to work processes
As part of your role of John's Bakery manager, you are required to:
Part A: Utilise digital workplace information:
1. Review current organisation documents and policies and external information regarding
workplace digital applications to:
a) Discuss John's Bakery digital application's strategic goals, strategies and compliance
requirements
John's Bakery digital application's strategic goals:
Improve market share or customer base to 35% within 1.5 years: The higher market share allows the
company to receive better price from suppliers and get better image from customer perspective.
Increase the business efficiencies and cost savings to 60% within 0.5years: The digital application
will ... Show more content on Helpwriting.net ...
They do check on the IAB Australia guide to digital advertising policy and regulation. The legal
requirement is important because it need to be aware to prevent the company get involved in the
legalisation issue. All the contract is important because the implementation project is a costly project
that need to keep an eye on. (From https://www.iabaustralia.com.au/uploads/uploads/2015–
07/1436997600_4b40c0abc1b9b332b05e93892c90843b.pdf)
Risks of applying digital applications: John's Bakery might have the risks on using internet. The
risks will face such as network behaviour, addressing security and privacy in mobile application.
Those risks will affect the fluent and the effective of work. (From John's Bakery Risk Analysis
report) Customers' attitude towards digital applications: Customer of John's bakery usually uses the
John's Bakery website, phone call and Facebook page to do the pre–order so the customers can pick
up on the date with the fresh product. (From customer survey result analysis
... Get more on HelpWriting.net ...

Internal Environmental Scan/
Assignment 2: Internal Environmental Scan/Organizational Assessment This section provides the
opportunity to develop your course project. Conducting an internal environmental scan or
organizational assessment, provides the ability to put the strategic audit together. In this course so
far you have conducted the following steps toward completing the capstone strategic audit:
Identified the organization for your report Interviewed key mid–level and senior level managers
Created a market position analysis Conducted an external environmental scan in preparation of your
final report and presentation Prepared a preliminary strategic audit In this module you will conduct a
comprehensive assessment of the internal environment at your ... Show more content on
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It includes direct examples of relationship to the business strategy. 12 Strategy Clarification: Assess
the organization's understanding of the business strategy through interviews with mid–level and
senior managers. Assess their understanding and agreement of the business unit's value proposition,
market position, and competitive advantage (these are inputs from M5: Assignment 1). Assessment
of the organization's understanding of business strategy is clear, complete, and grounded in reason.
Examples from the interviews with mid–level and senior managers are used to illustrate or expand
ideas. Assessment of the understanding and agreement of the business unit is clear, complete, and
grounded in reason. 12 Cultural Assessment: Explain the unwritten rules and shared values that
govern behaviors in the organization. Do they act as enablers or blockers to the strategy? For
example, is there a culture of information sharing and collaboration that enables the organization to
respond quickly across structural boundaries to solve problems for customers? On the other hand, do
groups not share important information through informal mechanisms, thus slowing response times?
Unwritten rules and shared values in the organization are clearly identified and completely
explained. How they influence the organization is described, and specific examples are used to
support and

Marketing Analytics And The Other Job Roles
Introduction into Analytics
Business Analytics and the other job roles connected to this area has increasing job trend in the last
few years, newer and newer jobs appearing in the market, which was not exist 5–8 years ago. Since
I am working in this area, and also an interesting area, I would like to introduce this to the
audience.I am interested in this topic not only because I am working in this area, also because as a
non–statistician person I still could learn many ways of simulating forecasting future events, and in
many cases it is fun, or at least interesting that we can solve the same business problem with many
different techniques!
First of all, let me explain what is Business Analytics?
According to1Gartner (2013) „Business analyticsis comprised of solutions used to build analysis
models and simulations to create scenarios, understand realities and predict future states."
So in summary we are using many types of analytical and statistical methods to transform the raw
data into a shape where we can get information from it, and get a conclusion. Based onthese
informationand conclusions we will be able to make business decisions, which might affect the
future success.
Regarding the Business Analytics we need to understand that it has different levels, based on the
business value it has, and also based on the complexity to apply it. In regards to the complexity
required to apply, we are moving from the descriptive type of analyzes through the predictive, into
the

Sustainability And Its Impact On Society, Environment And...
"Sustainable development is development that meet the needs of the present without comprising the
ability of future generations to meet their own needs."(World Bank,2001) All the choices and the
actions that we make today will cause effect in the future. Sustainability is closely related to
corporate social responsibility. It can effect the companies' development and reputation. As a result,
more and more companies are pay attention to sustainability when they doing activities to
developing the companies. These represent activities have a direct impact on society, environment
and economic performance. The conflicts between the social, economic and environmental need to
be balanced to ensure sustainability. "Sustainability accounting is a ... Show more content on
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Many companies take actions however just focus on environment and labor–rights issues."
(Hower,2013) This essay will use Nestle as an example to analysis the Gray's opinion.
Related literature
"In 2002, Gray already stated that the real danger we face today is that there is lots of talk about
something which nobody is doing, can do or wants to do in sustainability reporting. There is an
awful lot of talk and very little action. Don 't believe what you read, and social and environmental
accountability will remain a "nice idea" until there is substantive legislation requiring it of all large
organizations."(Gray,2002) Many companies really do follow sustainable practices. However, some
make such claims without any facts to back them up. For example, Green–washing. "Greenwashing
Index defines as when a company or organization spends more time and money claiming to be
'green ' through advertising and marketing than actually implementing business practices that
minimize environmental impact. It's whitewashing, but with a green brush."(Burg,2013) These
companies actually make limited contribution to developing sustainability. Such as Coca–Cola,
"according to the consumer report, they think Coca–Cola accusing Coca–Cola of "green–washing",
because their new Plant Bottle Marketing overstated environmental benefits. There had no proof that
these product offers any positive effect in regards to reducing CO2 emissions."(Zara,2013) Except
Gray, some other professors had the

Tesco Boston Matrix and Ansoff Matrix
Access to Business Unit Title: Marketing – Level 3
Credit Value: 6 credits Tutor: Alison Unwin
Unit Code: 3–BA1–045 Email: aunwin@centralbeds.ac.uk
This unit has 4 learning outcomes. LEARNING OUTCOMES ASSESSMENT CRITERIA
PROPOSED ASSESSMENT EVIDENCE (TBC) Assessment Evidence Answer paper
The Learner should be able to: 1. Establish the importance of the marketing environment
The Learner can: 1.1 Analyses the difference between micro and macro environmental factors 1.2
Compare and contrast a minimum of two tools such as SWOT and POWER SWOT and apply to
business solutions 1.3 Critically contrast Primary and Secondary research methods 2.1 Evaluate the
use of tools such as Boston and Ansoff Matrix to business situations 2.2 ... Show more content on
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You will be required to advise the business on a number of aspects and give a written report to your
selected business.
Please choose a business that you would like to use as your case study for the whole unit. Choose
carefully and pick a business that you find interesting or already work/ed for. You will be required to
research the business and its marketing strategies, so make sure your business has plenty of
information available to you via various research methods, i.e. publications, internet, journals etc..
3
Learning Outcome No 1 (Establish the importance of the marketing environment) Answer paper
1.1 Analyse the difference between micro and macro environmental factors
Please use your chosen business and analyse the difference between the micro and macro
environmental factor that concern your business. First explain the difference between micro and
macro environmental factors and then give details on the micro and macro environmental factors
that could impact your chosen business.

1.2 Compare and contrast a minimum of two tools such as SWOT and POWER SWOT and apply to
business solutions
Use your chosen business and describe and use at least two marketing tools such as SWOT,
POWER SWOT and PESTLE analysis to assist with various business solutions that your chosen
business may come across. Examples could include: Expansion, new product, new market,

Unit 4
EDEXCEL BTEC Level 3 Diploma in Business UNIT ASSIGNMENT | Unit Number | Unit Name |
Credit value | 4 | Business Communication | 10 | Name of assignment | Investigation of Business
Communication | Name of Assessor | Raghbir McGinley | Start date | Completion date | Duration of
assignment | Part 1 04.02.13Part 2 11.03.13 | 25.02.1325.03.13 | 3 weeks3 weeks | Feedback date (A
grade and actions for improvement will be given and recorded at this point. You can upgrade your
work at the unit upgrade date, as listed opposite) | Unit upgrade date (Formative feedback and grade
will be given for the entire unit at this stage. You are able to upgrade this unit at this date) | Part 1:
18.03.13 | Part 2: ... Show more content on Helpwriting.net ...
| P1P2 – method 1M1D1P7 | PART 2 – Task 1 a) Produce a leaflet or advert for customers giving
information about products or services HMV offer. b) Choose a real example of an external
corporate communication from HMV. In a Memo to your manager evaluate it as a means of
corporate communication. (Remember not all such communications are effective) c) Then evaluate
the effectiveness of the business organisation and its communication and the role it has played in the
success of this company. You must include examples to illustrate your point.Tip; investigate other
organisations that have excellent communication and information systems and use them for
comparison with your organisation. | P3P4P2 – method 2D2 | Part 2 – TASK 2Give a power point
presentation a) Explaining the legal and ethical issues in relation to the use of business information
at HMV such as protection of personal information and confidentiality b) Also explaining the
operational issues in relation to the use of business information such as back up, health and safety,
security of information etc. Make sure you explain how the organisation deals with these issues. c)
An analysis (with appropriate examples) of the way HMV manages their business information
legally, ethically and operationally. Try to

Analytics Software Is Essential For Any Business
In this modern era, analytics software is essential for any business. It helps to understand different
ways to reach target audience and drive traffic to the website. Google analytics is one of the easiest
ways to achieve this. Especially helpful for the small business owner as it is free and easy to use,
hence no need to employ IT personnel. It provides both general statistics and minutiae in detailed,
comprehensive reports. Google analytics does not show how business is doing without some
additional setup. Setup the goals in Google analytics, so that it can to keep track of what's critical to
the business. Its comprehensive metrics, non–exhaustive data, and easy–to–use interface make it an
invaluable resource for businesses in nearly ... Show more content on Helpwriting.net ...
It will also show a breakdown of which browsers are used and how frequently. This feature is useful
because sometimes web features are incompatible with certain browsers and operating systems. If a
significant chunk of visitors are using a system that doesn 't suit the designed website, it might be
time to redesign the site framework as per the users.
EVENT TRACKING
Events are user interactions with content that can be tracked independently from a web page or a
screen load. Downloads, mobile ad clicks, gadgets, flash elements, AJAX embedded elements, and
video plays are all examples of actions that business owners might want to track as events.
This feature tracks how many visitors clicked on ads and which signup form they use to subscribe to
newsletter. It provides the insights of how well each of them performs like who checks social media
profile, who gets on RSS feed. Based on those percentages business owners can choose what kind of
ads to display on the sidebar, their positions, or what signup form performs best and gives more
subscribers.
CUSTOM ALERTS
Google alerts act as a kind of watchdog for anomalies in data. Google analytics alerts work to let us
know of deviations from regular data trends that occur. The main point of alerts is to notify when
something out of the norm happens. If traffic tanks and business owners are not watching analytics
reports daily, an alert can help quickly notify in the event of traffic loss. When setting threshold
limits, make

Hnc Computing Systems And Development
HNC Computing Systems and Development Database Design Concepts Understand database and
data management systems [Assignment 1 of 3] Submitted by: Simon Hedley For the attention of:
Linda Cartwright Date Submitted: 13th November 2014 Table of Contents Introduction 2 1. Current
System 3 2. Suggested Solutions and Benefits 5 2.1 Transition to an automated system 5 2.2 Data
Redundancy 5 2.3 Data Consistency & Data Integrity 6 2.4 User Interface 7 2.5 Data Dictionary 7
2.6 Queries and Report Generators 9 3. Recommendations 10 3.1 Software 10 3.2 Hardware 10
Evaluation/Conclusion 11 Bibliography 13 Appendix A 14 Introduction I, Simon Hedley have been
assigned the responsibility by Dazzling Dogs to analyse the key issues in ... Show more content on
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There are three full time care assistants and two part time receptionists. The company also keeps a
list of approved temporary workers that they able to call upon to walk the dogs or look after the
animals whilst the owners of the animals are away. The business operates during the hours of 08:00
am till 17:00 pm, Monday to Saturday. 1. Current System The current system used by Dazzling
Dogs is that of a Spreadsheet system for means of booking in clients. The owners of the business
have noticed that with the growth of the business, it has become difficult to manage to smooth
running of the business due to several key issues. The main problems addressed and noticed by the
partnership is as follows: 1. Management of the increasing amount of data used and generated 2.
Management of invoices and payments The current booking system looks as detailed in the screen
shot below. You can see the data is contained daily on separate tabs contained within a single
spreadsheet file. Each tab is dated accordingly. Each record entry associated with each time slot is
placed in accordance with the parlour room and groomer associated with the parlour on any given
day. With relation to the mobile vans in operation, they also reside within the same spreadsheet as
the data from the business premises. The information contained within any

The History and Role of Accounting in Business Essays
Accounting can be defined in a number of ways, but I chose the book definition, which is;
Accounting is an information system that provides reports to stakeholders about the economic
activities and condition of business. The person in charge of accounting is called the accountant. The
accountant is typically required to follow a set of rules and regulations. These rules and regulations
are called the General Accepted Accounting Principles. Throughout these next few paragraphs, I will
be giving you the history and evolution of accounting, and I will be explaining who the stakeholders
are and what type of information they require, and I will be explaining the role of accounting in
business. There will be many examples and type of business ... Show more content on
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Management accounting is used to provide managers with information, so they can make informed
business decisions. The next category is open–book accounting; this is defined as an accounting
principle that aims to improve accounting in organizations. Tax–accounting is defined as the
accounting needed to comply with jurisdictional tax regulations. In other words, tax–accounting is
used to put tax on goods and services. Accounting has revolved into what every company uses today
which is the equation of; Assets=Liabilties+Owners Equity. The meaning of this equation is to show
companies what they own and what they owe to there creditors and everybody else. Stakeholders
can be defined as a person, group, organization, or system that affects or can be affected by an
organization's actions. Examples of stakeholders in accounting are; owners, suppliers, customers,
government, employees, creditors, and labor unions. These people are classified into four categories;
Capital Market, Product or Service Market, Government, and Internal Stakeholders. Capital Market
Stakeholders provide the major financing for the business to begin and continue its operations.
Some examples of the stakeholders are banks and owners. Product or Service Market Stakeholders
are buyers of products or services and vendors to the business. Examples of Product or service
market

Information From The Sales Sub System
Information from the sales sub–system can be used by management in conjunction with information
from the other subsystems to make decisions regarding the direction and day to day operations of
the business. Information from the sales subsystem is vital in the preparation of the income
statement, balance sheet, profit and loss statement. Sales data is also used by management to
manage cash flows and prepare sales budgets and targets. Information can be obtained through
customer satisfaction surveys, feedback from customers via any number of channels including
facebook and customer reviews along with information from the inventory and shipping sub–
systems can be used to highlight areas for improvement and aid in planning activities for the
business. If your business is not able to meet the needs and expectations of the customers the highly
competitive nature of the market means that there are many other businesses both online and
traditional retail stores that are more than happy to accommodate them. The information gained
from the sales sub–system can be examined on its own to show specific areas where significant
success or failure has occurred. It can just as easily be viewed in conjunction with information from
other sources to aid in the long term planning for the business, identifying potential problem areas
and showing the strengths of the business. Inventory management system: The data in the reports
produced by the inventory system can be used to support

The Competitive Corporate Place, Companies Need Advance...
In order to be successful in today 's competitive corporate place, companies need advance access to
business information systems. Organizations need information solutions that help them to achieve
accurate and targeted information about customers, various markets and most importantly their
competitors. An information system can be defined as a combination of people, hardware, software,
communication devices, networks and data resources. The combination of all processes data and
converts than in to information for a specific purpose. The system doesn't function on its own. It
needs input from the user. The user provides input to the system to process. The output produced by
the system is then sent to another user or other system. This is ... Show more content on
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Organizations take help from information systems and technologies to achieve it.
2. Expansion of business by launching new products and services – Information systems and
technologies are the tools that enable firms to create new products and services. Organizations use
information systems to produce new business models as well. Business model is a process that
describes how a company produces, delivers, and sells its products and services to create revenue.
3. Business Intelligence – In today 's hastily changing and competitive business environment, the
need for effective business information is acknowledged. It is crucial for companies just not only to
succeed, but also to survive. Business intelligence (BI) is refers to a managerial beliefs and a tool
that is used in to assist organizations to manage their information in such a way so that decision
making can get better. Business Intelligence (BI) has become an important part of corporate
business strategies. (Azevedo, Santos) To be efficient in business intelligence companies use various
software. BI software helps organizations to gain in–depth insight into their business. These
analyses enable organizations to make better decisions and ultimately improve overall business
performance. Businesses need information systems to be able to run these analyses.
4. Competitive advantage – Competitive advantage is the advantage over a company's competitors.
Competitive advantage is gained by offering customer great value.

The Effect Of Different Stakeholders Exert At Mercedes Benz
1.0: Introduction
In this report, I am going to evaluate the influence of different stakeholders exert at Mercedes Benz.
The stakeholders I will be discussing is the owner of the business, customers who buy cars as they
provide good quality of service, employees who help the business to perform well and making
profits and the Government who support Mercedes Benz because they have been running
successfully throughout the years so they want to invest money to further develop the business. On
the other hand, I will make the following points in my report is by commenting on the level of
influence that each stakeholder exerts on Mercedes Benz. I will also be referring to evidence from
different sources for the comments that I make. I will state the strengths and the weaknesses on the
influence of different stakeholders. Also, I will make recommendations on how Mercedes Benz can
do to overcome the weaknesses which can affect their performance. At the end I will write a
conclusion by summarising what I wrote in the report, which stakeholders have the most influence
and which stakeholders have the least influence in Mercedes Benz. 1.1: Term of reference
My term referee for BTEC Level 3 90 credits Diploma in Business Unit 1 D1, The Business
Environment is Uzma Mirza and she is my lecturer from the Business School at Uxbridge College.
This report needs to be completed by Friday 20th March 2015. The main purpose to write this report
is to show my understanding about the influence

Problems of E-Commerce
Prospects and Problems Of E–commerce Prospects and Problems of E–Commerce Prepared for S I
Nusrat A Chaudhury Associate professor Department of Business Administration & Head of Career
Counseling Center East West University Prepared by Razoanul Amin Talukder 2005–2–10–207
Sazzad Hossain 2005–3–10–091 Tanzia Afrin 2005–2–10–271 Sk. Abdul Mukit 2005–2–10–135
Golam Kibria 2005–3–10–136 Date of Submission: April 13, 2008 [pic] 10 April 2008 To whom
may it concern I am approving that (1) Razoanul Amin Talukder, Id: 2005–2–10–207 ; (2) Sazzad
Hossain, Id: 2005–3–10–090 ; (3) Tanzia Afrin, Id: 2005–2–10–271 ; (4) Sk. Abdul Mukit, Id:
2005–2–10–135 and (5) Golam Kibria, Id: ... Show more content on Helpwriting.net ...
|Chapter–4 |Types of e–commerce | | | |Business to business | | | |Business to consumer | | | |Consumer
to consumer | | | |Government to consumer | | |Chapter–5 |Essetial e–commerce process | | | |Access
Control and Security | | | |Profiling & Personalizing | | | |Search Management: | | | |Content &Catalog
Management | | |

External Stakeholders And Financial Information
For my final paper, the topic that I have chosen is how external stakeholders use financial
information to make decisions in a company. One thing that I have noticed is that you cannot tell if a
company is at its best or its worse. Loan companies, banks and are eager to see where companies
match up against other competitors. These companies take the most risk by investing money into
units that are not started, maintained, or organized by themselves. Many factors can come into play
when stakeholders are looking to make a decision on where to place their money. Those factors may
include items that are being sold or produced, the message the company has to offer, etc. More
importantly, stakeholders use financial information to ... Show more content on Helpwriting.net ...
These are people and companies that may have an interest in what goes on with known businesses
or companies. Stakeholder's main interests are profit growth and dividends because their goal is to
get a return on the money they invested. "Investors are stakeholders that buy shares in a company."
(Baskerville, May 2011). Their primary interest in knowing that the company is doing well so that
they can put their money into the company for a greater return. Lenders are external stakeholders
who lend money to that enterprise on either a short or a long term basis usually charging a fee or
interest to make some money in return. Lenders are regularly composed of banks or other types of
financial institutions. Suppliers are also interested in how a company is doing because they want to
make sure that they will get paid for their products and services at a later time. Customers are
stakeholders that want to know the financial strength of a company because they want to know that
their supplier is going to be a dependable source. Competitors are also financial stakeholders
because they have a need to know where their companies lie in the market and the only way to see
that is by comparing their group to others. Media plays an important part as external stakeholders
because they "use the information to publish in their mass communications outlets" (Baskerville,
May 2011). Labor unions although are not interesting in putting their money into a business they

Define And Describe The Three Analytics Types Essay
1. Define and describe the three analytics types. a. Descriptive Analytics. This type of business
analytics is to answer the question "what is happening" and "why did it happen?". The process of
descriptive analytics is looking at past performance and understanding this performance. Data
mining, data aggregation, segmentation, profiling are some tools that can be used to perform the
descriptive analytics. The output of this analytics, for example, is the age range of bank customers,
the income distribution of the customers, number of children in the household, and customers'
preferences. b. Predictive Analytics. This type of business analytics is to answer the question "What
is likely to happen?". The process of predictive analytics is identifying past patterns and using
statistical models and forecast techniques to understand the future. The output of the predictive
analytics, for example is, which age range of customers that will apply for credit cards in the next 12
months, which income range of the customers that will use the electronics banking facilities for next
2 years. c. Prescriptive Analytics. This type of analytics will help answer the question "What action
should be taken?". This analytics uses optimization and simulation algorithms to advise on possible
outcomes (maximize good outcomes and minimize potentially bad outcomes). Prescriptive analytics
is a decision making tool equipped with the risk mitigation. The output of prescriptive analytics, for
example

Crisp-Dm
CRISP–DM 1.0
Step–by–step data mining guide Pete Chapman (NCR), Julian Clinton (SPSS), Randy Kerber
(NCR), Thomas Khabaza (SPSS), Thomas Reinartz (DaimlerChrysler), Colin Shearer (SPSS) and
Rüdiger Wirth (DaimlerChrysler)
SPSS is a registered trademark and the other SPSS products named are trademarks of SPSS Inc. All
other names are trademarks of their respective owners. © 2000 SPSS Inc. CRISPMWP–1104
This document describes the CRISP–DM process model and contains information about the
CRISP–DM methodology, the CRISP–DM reference model, the CRISP–DM user guide, and the
CRISP–DM reports, as well as an appendix with additional related information. This document and
information herein are the exclusive property of the partners of the ... Show more content on
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Over the next two and a half years, we worked to develop and refine CRISP–DM. We ran trials in
live, large–scale data mining projects at Mercedes–Benz and at our insurance sector partner, OHRA.
We worked on the integration of CRISP–DM with commercial data mining tools. The SIG proved
invaluable, growing to over 200 members and holding workshops in London, New York, and
Brussels. By the end of the EC–funded part of the project–mid–1999–we had produced what we
considered a good–quality draft of the process model. Those familiar with that draft will find that a
year later, although now much more complete and better presented, CRISP–DM 1.0 is by no means
radically different. We were acutely aware that, during the project, the process model was still very
much a work–in–progress; CRISP–DM had only been validated on a narrow set of projects. Over
the past year, DaimlerChrysler had the opportunity to apply CRISP–DM to a wider range of
applications. SPSS' and NCR's Professional Services groups have adopted CRISP–DM and used it
successfully on numerous customer engagements covering many industries and business problems.
Throughout this time, we have seen service suppliers from outside the consortium adopt CRISP–
DM, repeated references to it by analysts as the de facto standard for the industry, and a

Project Scope
The PROJECT PERFECT White Paper Collection Defining the Scope of a Project Neville Turbit
Scope v Time & Cost When people talk about scope, they immediately think time and cost. Time
and cost are outputs of scope. Determining scope is a different exercise. In the context of this white
paper, when we talk about defining the scope, we are talking about developing a common
understanding as to what is included in, or excluded from, a project. We are not talking about
deciding how long it will take, or how much it will cost. That comes after the scope is defined. If we
were looking for a car, we would first define the scope. For example we want a 4–cylinder front
wheel drive with seating for 2 adults and 2 children, and less than 2 years old. ... Show more content
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For example, you might not know exactly what reports are required but you allow for 12 unspecified
reports. Once the external deliverables are defined, the Project Manager can define the internal
deliverables. Example External Deliverables: Name License Detail Screen. Company Summary
Screen License Due Report 5 Reports Server Etc. Description Screen to enter and view license
details Screen to view all licenses issued by a particular company. Facility to drill down to License
Detail Screen. Report listing all licenses due in the next period. Facility to select a period eg 1 week,
4 weeks, quarter Allow for 5 unspecified reports Server to run the application 27/06/05
www.projectperfect.com.au Page 2 of 7 The Project Perfect White Paper Collection Example
Internal Deliverables Name Project Charter Business Requirement Specification Weekly Reports
Prototypes x 3 Etc. Description Document identifying how the project will be managed Document
identifying the requirements for the project Status reports to be issued weekly Three prototypes will
be allowed for in the development. Define the Functionality Another technique is to define the
functionality. This should not be either a long or detailed process. Typically, depending on project
size, the exercise can be completed in a one hour to half–day workshop. A good technique is to use a
functional decomposition. If using a spreadsheet and a projector, a scribe can create the scope as it is
discussed. Remember to start

An Organisation Organization Essay
Introduction
The nature of an organisation determines the different financial statements required to be completed
annually. This report will analyse three contrasting types of entities, in addition to the differences in
the annual reports produced.
From a not–for profit charity, The Salvation Army, to a large New Zealand business, The Warehouse
Group and a Maori land trust, Waikato–Tainui.
Users of the information
The objective of accounting reports are to provide external and internal users the information that
enables them to make improved finanical decisions. Therefore the users of the information are the
same for all entities, the types of information they are most concerned with is what differs.
Investors, creditors, employees, managers, owners and government agencies are the users of the
financial information.
The Salvation Army is a charity, this means that the investors will use the information provided by
the financial report to assess if the organisation is utilising the funds provided to assist the
community. Creditors will use the information to assess the credit worthiness of the charity to ensure
the organisation is able to pay for the goods and services. Managers will make decisions on how to
allocate the resources, employees and volunteers will use financial statements to ensure the charity
is accomplishing the mission to help people. Government agencies need this information to ensure
that the not–for profit is complying with legislation.
The Warehouse

Facts and Information about Accounting
1.0 Introduction
What is accounting? How many people know the fundamental accounting concepts? Let me explain
briefly some to you. Accounting is a system to identify, measure, record and present the information
to the users to help to help make evaluations or financial decisions. There are few general rules and
concepts in the accounting field. These general rules and concepts are referring to the basic
accounting principles and guidelines. From the basic accounting principles and guidelines, there will
affect the balance sheet, income statement and financial statements. Let us discuss to the case study
"Smart Business". 1.1 Qualitative Characteristics of Accounting Information
Diagram 1 : Qualitative characteristics of accounting information
Diagram 1 above is a hierarchy diagram that represents qualitative characteristics of accounting
information. Qualitative characteristics of accounting information represent accounting information
characteristics that help us to get use of accounting principles. When the financial reports are ready
by professional accountants, we need the certain information to represent it. Refer to the diagram 1
qualitative characteristics are divided into two categories. There are primary qualities and second
qualities. Primary qualities of accounting information are referring to relevant and reliable. However
secondary qualities of accounting information are referring to comparability and consistency.
1.2 Primary qualities of accounting

Why Should Organisations Collect
Why should organisations collect, file and maintain accurate financial records? To have a record of
how the business is running. This allows us to determine how the business is sitting financially and
display what money is going where and whether there is room for improvement. Basically, it is used
to anaylse the business as a whole and to determine performance for both employees and for the
organisation. What are the expectations of managers and supervisors in relation to budget or
financial plans? Managers and supervisors should understand financial information relating to costs,
operations, assets, credit analysis, GST transactions, inventory management, invoices and accounts,
ect. This will allow them to monitor and control cash ... Show more content on Helpwriting.net ...
It's also important to understand when these transactions are taking place. There is the chance that a
customer has bought an item but takes a long time in paying it off. Although you might have made a
profit on the sale of the item, there is a cash flow gap as you have not yet received the funds to pay
for the item yourself. Simple things like can put smaller businesses in a lot of financial trouble. This
cash flow gap could damage credit ratings, miss other opportunities, and force the borrowing of
funds. What data do you need to collect, and from whom, in order to construct a cash flow budget?
Sales reports – last periods figures Outgoings such as purchases, marketing, loan repayments, etc
Staff costs Capital such as stock on hand and cash Describe how the budget is used to monitor work,
performance, variation, and team/ division outputs. The budget reports are designed to give a clear
overview of how the business is running. Every expense can be calculated as a percentage of the
total expense/margin to see if it is cost effective. If it is being overspent then something needs to be
done. This could be a number of things such as reducing spending, reducing or increasing staff
levels, cross–training staff, incorporate techniques to increase sales, reduce stock levels,
outsourcing, and renegotiating supplier costs. Why do you think it is necessary to report on these
things? – For the

The Collapse Of Abc Learning Centers
Question 1:
After the collapse of ABC Learning Centers (ABC), many investors kept asking the same question:
"Why were not we warned?"
According to research, warning signs or red flags can be found through the careful reading and
analysis of historical financial statements of the company. Financial statements always provide at
least one warning portraying the deteriorating nature of the financial position of a company and its
subsequent financial performance. Like in other companies, ABC provided warning signals through
analyzing its annual reports such as the financial reports.
One thing that is certainly clear from the financial analysis alone is that there were many warning
signals just from analyzing the financial report alone. The ... Show more content on Helpwriting.net
...
There was no proof that ABC was involved in intentional cosmetic accounting. Furthermore, there
were rumors from the financial press that the gross revenue figures of ABC were overstated by
including developer rebates. There is no doubt that financial analysts could have used the overstated
2005 notes as an alert.
Question 2:
Running a business venture requires a continuous examination and evaluation of the daily running
of the business. Financial ratios can be used to ensure the business maintains and continues in its
profitability trend. They can be used to show the strengths and weaknesses of a particular business.
Examining financial ratios for a particular period of time can be used to identify unusual changes
thus alerting the management on the progress of the business venture. Financial ratios are also
helpful in carrying out financial analysis and forecasting. They also allow the owner of the business
and the entire management to come up with business specific goals that can easily be traced to
determine the company's progress towards achieving them.
Financial ratio analysis refers to the process where financial ratios are calculated. Financial ratios
are mathematical indicators that are calculated by the comparison of key financial information found
in financial reports and statements, and analysing them to find out reasons why the business is at its
current financial position, and how the business is performing financially; this

ERP Paper
Introduction
The research will be based on ERP systems & Web Distributed Business Solutions. This report will
discuss the concept, architecture, process and application of the system & solution. There will also
be examples given on how industrial businesses implement this technology into their daily
operations and how it has benefitted them.
Concept
ERP stands for Enterprise Resource Planning. ERP is one complete system to rationalise processes
and data across the whole organisation, so business decisions can be data driven. The perception of
ERP is a joint database that supports numerous purposes used by different business elements which
in practice this means that staffs in different departments for example, accounting and sales can ...
Show more content on Helpwriting.net ...
however, Legacy ERP vendors are starting to use cloud based services to perform some functions of
ERP, mainly those who depend on by mobile users. Cloud based ERP modules are built to be
loosely joined, which can reduce the cost and difficulty of a Deployment. Currently some businesses
are using hybrid cloud deployments in which part of the ERP software suite runs on premises and
the other part runs on the cloud. The advantage of using SaaS ERP is that the system could start
running, automatic upgrades and as well as reduction in hardware and support expenses.
(SearchERP, 2017) (CompuData, 2017)
The most common ERP deployment used is either on–premises or cloud–based, which is a standard
huge system from one vendor, generally a large legacy vendor. Though there are many organisations
now that run multiple ERP systems under one environment, generally known as the two–tier or
multi–tier ERP. The reason behind is that it includes geographic variances in the organisation.
(SearchERP, 2017)
ERP has few software deployments modules that are used within an organisation which can be
integrated easily with other systems that the organisation uses. Below is the detailed list of core
modules that are in many ERP software's.
Finance – is used to gather data and generate reports such as Overall balance sheets and quarterly
financial statements.
Human Resource Management – is used to gather data and generate reports such as employee
recruitments, performance reviews,

Strengths And Weaknesses Of ERP Integration
Organization–specific analytics Business Intelligence solutions provide analytics that are
customized to your organization's specific business rules. In contrast, standard reports bundled with
ERP tools fail to provide such information without extensive customization. Drill–through
capability Business Intelligence solutions provide "go anywhere" drill capability that allows
executives to view summary data and then navigate to analyze exceptions or drill into detailed
information. To simulate this drill through capability, ERP standard reports may provide separate
sets of summary data and reports that have to be manually drawn. Going deep through reports
increase the attractiveness of the BI solution as an answer to all end user questions. ... Show more
content on Helpwriting.net ...
Instead of having to wade through thousands of lines on a spreadsheet to find the data needed, the
reports that ERP distribution software generates make it possible for an organization to quickly have
a clear understanding of where it stands, what's coming in, what's going on, and what needs to
happen. These efficiencies are what make ERP distribution software valuable ERP enhancing
Integration There are several common approaches to ERP integration, and each provide their own
unique strengths and weaknesses. 1. Point–to–Point – Organizations often choose point–to–point
integration because it can have low initial hurdles, but often fail to realize the long–term
complications. Point–to–point creates a tightly coupled architecture. Over time, this integration
method becomes more difficult and creates tightly coupled dependencies that can cost the
organization. 2. Custom Applications or Adapters – Businesses can choose to develop their own
custom integration adaptors or applications. Most of the time these often start as simple tools that
transfer data, but as organizational requirements increase and they begin to use several ERP vendors,
companies find that they need to build more and more

Analyzing Market Trends And Developments Essay
Interpret market trends and developments
From: sometimeskub@hotmail.com
To: ling@barklycollege.com
Subject: Analysing the market report for TEE company
Dear Ling,
Here is the marketing analysis report of T–House company according to BSBMKG507 Interpret
Market Trends and development.
The full report is attached. Please reply me with feedback about the report.
Kind regards,
Sanchai N.
Assessment Task 2: Project – Market analysis
Introduction
T–House company is selling chestnut imported from China under Australian brand. The company is
now distributing chestnuts to buyers around Melbourne. Two main customers are the local
restaurants and vegetable and grocery stores. The company has planned to promote chestnuts to
wider market by aiming to others regions around Australia. T–house also launched new product
from chestnut that is "cooked and peeled chestnut" which can be found around Australia at Coles
supermarkets.
Executive summary
This report intends to discuss the following topics:
Interpreting marketing data and development by using statistical analysis methods
Analyse potential impact of business relating to market trends
Use of central tendency and correlation between sets of data for numeric interpretation of market
data
Reviewing business performance by performing qualitative analysis of comparative market
information
Evaluate market performance of existing competitor and their products or services to identify
opportunities and threats
Analyse performance

A Report on “Accounting” and “Finance” and Why Are They...
A report on "accounting" and "finance" and why are they considered important for business.
Introduction
The aim of this report is to define the terms 'accounting' and 'finance'. Also it will show how
accounting and finance integrate together. Furthermore, there will be a literature review arguing the
available evidence on the relative topic of the report. Additionally, it will account on why they are
considered important for business with the appropriate evidences. Finally, the conclusion shall be
reached summarising the arguments. The conclusion will also discuss any limitations and also
recommendations for future research on this topic.
Accounting
The American Accounting Association defines accounting as, "the process of ... Show more content
on Helpwriting.net ...
Analysis and findings
This section will look on the importance of finance and accounting for businesses that were looked
at in the Literature Review. Also it will argue the ethics of accounting and finance in business due to
current accounting scandals.
Businesses need accounting information in order to make knowledgeable decisions. Creditors and
other lenders want to make sure that they will be paid back for the credit that they have given to a
business as suggested by Wood and Sangster(2012, p.9). These decisions done by financial
professionals have to administer and determine credit policy, make capital budgeting decisions and
advise on debts and preferred stock to enhance profitability as portrayed by Harold Bierman (2010,
p. 3). Therefore, financial reports are important for making financial decisions for business.
In addition accounting and finance are important during this time of uncertainty such as slow growth
in the economy, debt and crisis. Thus financial information will seek to stabilise current growth and
future state of the business. As suggested by the President of European Commission, Jose Manuel
Barroso, on the current euro zone debt crisis that, banks should set aside more assets to help
safeguard against future losses. Thus accounting and finance have to play a significant role in the
rising of new capital to improve confidence that they could cope

Business Analysis : Management Accounting
1. Introduction
All businesses have a large amount of stakeholders. Pauline (2013) defined that stakeholder is a
general term to indicate all those who might have a legitimate interest in receiving financial
information about a business because they have a 'stake' in it. All stakeholders must need accounting
information to help them making better decision. Most of the businesses have provided different sort
of accounting information like balance sheet and income statement. However, no all the
stakeholders need the same information and the purpose is different. Therefore, the main question is
what information is required and the proper use of the information. In the following of the passage,
it will discuss about the question from different stakeholders.
2. Management
Managers are who manage the business on a daily basis. They need to know how well projects are
progressing financially and about the financial position of the business. E.g. how much assets and
liabilities are they own. Can the businesses able to increase capacity in the next few months? This is
referred as management accounting. For instant, managers can use contribution margins to set the
product selling price in order to maximise the profit. Managers can use payback period and average
return rate to assess the risky of the project. Furthermore, Argilés & Slof (2003) found that making
decision by using financial report will have better performance. They had set up a research about the
comparison of the farms

Bieler Janitorial Services: 3 For Employee
Bieler Janitorial Services Employee's Understanding: I gave Bieler Janitorial Services a 3 for
Employee's Understanding. In the report, the company gave two examples showing that their
employees knew what to do when an issue occurred. I believe the report could have gone into a little
more detail, showing that employees understand the code of conduct. Reporting Procedures: I gave
the organization a score of 3 for Reporting Procedures. The organization provides steps taken by
employees if an ethical issue were to arise. The report also details what happens if an employee
were to violate a rule in the Code of Conduct. However, the report does not state how customers
report an issue. Bieler Janitorial Services also does not provide an example

PAT0075 Assignment 1
APPENDIX I
PAT 0075 COST AND MANAGEMENT ACCOUNTING
GROUP ASSIGNMENT
Trimester 3, 2014/2015
Instructions:
1) This is a group assignment with each group not exceeding 5 students
2) Use standard A4 size white paper with Times New Roman font and size 12
3) Line spacing (1.5 lines); 2.54 cm margin
4) Each page (except cover) must be numbered and justified
5) The deadline for submission is on or before 04/05/2015 by 5 p.m. (Monday, week 6)
QUESTION 1
Tenrack is a fairly large manufacturing company located in the southern United States. The
company manufactures tennis rackets, tennis balls, tennis clothing and tennis shoes. All products
bearing the company's distinctive logo, a large green question mark on a white flocked tennis ball.
The ... Show more content on Helpwriting.net ...
Therefore, one of the major tasks is deciding which costs to manage in order to achieve the
company's profitability targets. In other words, you must identify the airline's most important cost
objects to track, measure and control.
REQUIRED
Identify and clearly explain the cost objects that are critical to the company's success.
(15 Marks)
Grading Rubrics for Assignment Question 2:
(5)
(4)
Introduction: Clear and
Clear and
Explain the detailed adequate meaning of explanation of explanation of cost object the meaning the
meaning of of cost objects cost objects weightage: with some with some
0.5
examples. examples. Content:
Clear and
Clear and

Explain the detailed adequate general explanation of explanation of business general general
activities for business business airline activities for activities for company airline airline company
company weightage:
0.5
Content
Clear and
Clear and
Identify and detailed adequate explain 5 explanation of explanation of cost objects 5 cost objects 5
cost objects that are that are that are critical critical to critical to the to the the company' company'
company' success success success Identify 5 cost Identify 4 cost weightage: 2 objects objects (3)
Clear but brief explanation of the meaning of cost objects with some examples. Clear but brief
explanation of general business activities for airline company
(2)
Unclear
explanation of the meaning of cost objects with some examples. Unclear explanation of general
business activities for

Basic Knowledge Of Accounting Terms
Introduction to Accounting Student Number: 37398 Module Leader: Seun Oluwayi Mrs: Karciny
Rajmohan Level: 04 Module Code: PM106 Programme: BSc (Honours) ... Show more content on
Helpwriting.net ...
With little government regulation, they are the simplest business to set up or take apart, building
them popular among individual self–contractors or business owners. Advantage  Easiest to start 
Started capital are low  Least regulated  Single owner will keeps all profits  Taxed once as
personal income Limitations There are no limitations we can start within 10 days and also we can
close our business anytime without anyone control. Partnership A partnership is legal relationship
formed by the agreement between 02 or more people to carry on a business as co–owners. And the
profit and loses also will be share between who are they acting as a partners of the business.
Advantage  Partnerships are comparatively easy to establish.  With more than one owner, the
capability to raise funds may be increased, both because two or more partners may be able to fund
more funds and because their borrowing ability may be greater.  Future employees may be
attracted to the business if given the encouragement to become a partner.  A partnership may
benefit from the combination of complementary skills of two or more people. There is a wider pool
of knowledge, skills and contacts.  Partnerships can be cost–effective as each partner specializes in
certain aspects of their business.  Partnerships provide moral support and will allow for more
creative brainstorming. Limitations  Uncertainty of duration Legally, a partnership firm

Business Model And The Role Of Non Financial Measurements
Introduction
A business model can be defined as a representation of how an organization generates revenue and
gains money from operations. Nowadays, it has become popular within financial statement. This
model includes nine parts of business model canvas: value proposition, key activities, key resources,
partner network, cost structure, client relationships, client segments, distribution channels and
revenue flows. However, some people argue that it is not a good suggestion to add the business
model into the business annual report. There are also some disadvantages in interpreting the
concept. Nonetheless, annual reports always include both financial and non–financial measures. It is
basically a quantitative data which is not with ... Show more content on Helpwriting.net ...
Manager can use a business model in order to explore a reliable future development by learning and
improving form the failure in the past. In addition to this, investors can understand how their
investments to be used in a business, such as how much a business have spent on cost of sales and
the interest that investors can received annually. Therefore, they might invest more money in the
business if they find that the business has a good forecast future performance. It can be a high bonus
due to the business can make a higher profit steadily per year. According to John Lewis Partnership
annual report 2014, they can be the largest employee–owned business in the UK. One of the reasons
to be successful is that the contribution of their partners; their partners receive a partnership bonus
relatively. In other words, they gain a share of the business profits.
Regarding to a business annual report, a business model is included as a reference when the report is
making. Financial statements should have four certain qualitative characteristics so as to be useful to
all users. These are understandable, relevant, reliable and comparable. As suggested by Anonymous
(2013), financial information is relevant if it can be a comparable data when a business is making
decisions. This is because it is important to have a forecastle and faithfully value in the financial
information, and ensure the qualitative characteristic is understandability.
On the other hand, there are some

Improving The Care Delivery For Organizations And Patient...
SUMMARY
Skilled and experience in a variety of Health Care analytics and technology to improve the care
delivery for organizations and patient care. Comprehensive skills include disease registries and
prevention methodology initiatives that impact accreditation scores and improve patient health.
Skilled in health care data and how data can provide opportunity for patient care health. Knowledge
and experience in information systems, including business and systems analysis, requirement
gathering, workflow design/improvement, relational databases (RDBMS) environments, quality and
technical components. Understanding of employer group model and third party claims payment
systems. Knowledge and experience in analysis/design of standardized reporting and metrics,
creating ad hoc reports and collaborative decision making. Progressive responsibilities in
demonstrating senior level and technical skills applied in health care for HMO, PPO and
Medicare/Medicaid services and membership growth. Educated in healthcare strategies and
organization leadership. Medical terminology knowledge ICD HCPCS, CPT, DRG/MSDRG.
ACCOMPLISHMENTS
Expanding knowledge of accreditations and government incentives to improve patient care and
organizational finances.
Continue gaining knowledge in programming languages and tools.
Expanded knowledge of data for internal clinical data such as EPIC EMR, Clarity and external
clinical services such as claim base systems and pharmacy information such as

Political Analysis On Pepsico
Academic Year 2014 – 2015 Semester: First Branch: EGYPT Program: Business Studies Course
Title: Financial Accounting Course Code: B291 Student Name: Ahmed mohamed Fathy Mohamed
Student ID: 1351510137 Section NumbeR : Tutor Name: Dr Hossam Question One : Political :
analysis on PEPSICO : Political processes does not crash search for opportunities to expand
business even in difficult period , Laws and regulations may change due to political, economic or
social events , Political pressure to increase taxes to make resolving tax problems more difficult in
pepsico . Changes in the legal and regulatory environment that can restrict the company's business
activities they could be adversely affected if we are unable ... Show more content on Helpwriting.net
...
There is no specific formula for liquidity is often calculated using the liquidity liquidity ratios .
http://www.investopedia.com/terms/l/liquidity.asp Liquidity position of PepsiCo: It pepsico
company has sufficient liquidity to generate cash and long–term debt financing and has the liquidity
in the management discussion and analysis of financial condition and that all these Morod in item 7
of the company . Annual Report Page ( 63 ) Quick Raito = Current assets – inventory / current
liabilities Quick Raito = 22,203 – 3409 / 17,839 Quick Raito = 1.05353 Working capital Raito =
Current assets – current liability = 22,203 – 17,839 = 4364 Question Eight

Why Do Companies Request Credit Reports? Essay
Why do some companies request credit reports? Many businesses are requesting credit report
authorizations from their applicants as part of their screening process for employment. According to
the Federal Fair Credit Reporting Act (FCRA), the applicant must give the employer authorization
in order for the employer to receive a copy of the credit report. (Rosen, 2000). Credit reports are
requested by some companies to review and verify information regarding the applicant such as one's
identity, the amount of debt and also to help them to determine if one is qualified for the job. In
addition the credit report contains a variety of personal information for example one's first and last
name, the social security number, current and ... Show more content on Helpwriting.net ...
( Experian Information Solutions, Inc., 2005). On the other hand the information being reviewed can
help give the employer a general idea regarding the personality of the applicant for example if they
are one who do or do not take care of their personal responsibilities by paying their bills and paying
the bills when they are due. Also some of the information on the credit report can prove if the
applicant has too many financial obligations, that will possibly disturb their job responsibilities and
they do not want to risk hiring an applicant whom might steal from their company. ( Experian
Information Solutions, Inc., 2005). Another worry for some businesses is they do not want to hire an
applicant who cannot handle their personal obligations. (Rosen, 2000). Meanwhile if a business
decides to use any of the information obtained from the credit report to make a decision to deny the
applicant for employment there are some rules they must follow. They are required to provide the
applicant a "pre–adverse action disclosure notice" and a copy of "A Summary of Your Rights under
the Fair Credit Reporting Act" a paper furnished by the "Federal Trade Commission" (FTC). (FTC
Facts for Business, 1999). Next the applicant must also have a chance to review the report before the
employer can deny the applicant. (Rosen,

Comprehensive Annual Financial Report Briefing
Comprehensive Annual Financial Report Briefing Abstract
The City of Detroit, founded in 1701, and incorporated in 1806, is in Wayne County, State of
Michigan. Detroit is on an international waterway, which connects by means of the St. Lawrence
Seaway to seaports around the world. Existing as the largest city in the State of Michigan, Detroit is
notorious for its tradition in automotive and is a colloquialism for the automobile industry in the
United States. Detroit is also known for its popular music legacies, which residents celebrate in
several familiar nicknames, Motor City, Motown or simply the "D." In a city, whose population is
likely at 951,270, Detroit is also known for its liquor distribution during the prohibition in 1920. ...
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Exclusion of component units alters the state's financial statement in such a way that it would
present misleading or incomplete ("Office of Financial Management", 2012).
Just for clarity, according to "Governmental Accounting Standards Board" (2013), the financial
reporting entity consists of (a) the primary government; (b) organizations for which the primary
government is financially accountable; and (c) other organizations for which the nature and
significance of their relationship with the primary government are such that exclusion would cause
the reporting entity 's financial statements to be misleading or incomplete (Summary of Statement
No. 14 The Financial Reporting Entity (Issued 6/91)).
With that in mind, governments are likely to construct separate legal entities to perform
governmental duties. For example, the City of Detroit has nine legally separated organizations,
which make up their component units. For instance, the Economic Development Corporation, and
Museum of African American History are two of the nine component units included in the
government reporting Comprehensive Annual Financial Report – City of Detroit. (2010).
Considering reporting entities, the Statement of Financial Accounting Standards No. 94 best defines
and prescribes the recommended treatment. For example, the Statement of Financial Accounting
Standards prescribes that consolidated reporting is the only appropriate method to report.
Management Discussion & Analysis (MD&A)

Accounting Is The Basis Of Identifying, Collecting And...
Introduction
Accountancy analyses information for a variety of purposes within the business, while finance is to
do with the financial funds directly within the management. This report will be defining and
explaining the terms and the purpose of 'accounting' and 'finance'. As well as this it aims to cover the
main aspects of what should guide those who work in these areas.
What is accounting?
Accounting is the recording of financial transactions plus storing, sorting, retrieving, summarizing,
and presenting the information in various reports and analyses. (Averkamp, 2012)
From the research that I have conducted I have come to the idea that accounting is the basis of
identifying, collecting and analysing financial data for businesses or for ... Show more content on
Helpwriting.net ...
Accounting is based on two specific sectors, financial accounting and Management accounting.
Financial accounting
According to Obaidullah Jan, Financial accounting is a system that accumulates, processes and
reports information about an entity 's performance (i.e. profit or loss), its financial position (i.e.
assets, liabilities and shareholders ' equity) and changes in financial position. Every entity, whether
for–profit or not–for–profit, aims at creating maximum value for its stakeholders. The goal of
maximum value addition is best achieved when there is a mechanism to monitor the management
and the board of directors. Financial accounting helps in such monitoring by providing relevant,
reliable and timely information to the stakeholders, (Jan, Financial accounting, 2013).
Financial accounting is the recorded information for external users who are people outside of the
organisation like investors and tax authorities which includes a report at the end of the year on
balance sheet, income statement, cash flow statement, auditors report and director's report.
Management accounting
Whereas according to the Institute of Management Accountants (IMA), "Management accounting is
a profession that involves partnering in management decision making, devising planning and
performance management systems and providing expertise in financial reporting and control to
assist management in the formulation and implementation of an organization 's

Basic Financial And Management Accounting Principles
In the business world, business accounting embraces many professional and trade skills and
abilities, such as being able to gather, record, summarize and analyse financial transactions. It is
studied and known that business accounting is useful in people's everyday lives. This report is going
to be about basic financial and management accounting principles and techniques used in today's
working society, with the aim to introduce how daily transactions activities are partaken in the
working environment as an accountant. The report will also discuss about the main branches in
within business accounting and will talk about concepts, policies and principles in accounting.
As written on Business News Daily, accounting is: "Vital to a strong company, keeping track of the
business's finances and its continued profitability", (Martin, 2015). It is certainly vital and important
that companies and businesses acquire understanding and knowledge on accounting, but also
individuals should acquire knowledge in accounting for personal benefit. This is because in the
today's society and civilization, people use accounting in their daily lives. For example when they
study financial statements to make investment decisions, assess interest rates to pay off their houses
mortgages and calculate rates for house bills and car payments.
The accounting branches and sub–branches
Accounting is a very broad and emerged field, perhaps very interesting ground to work. Rosivach, a
business woman

Chockoball's Financial Ratios
One good example of a financial ratio is the net profit margin, which is used to compare the net
income of a business with its net revenue to find out the profit of a specific business earned. This
ratio helps the business to know its profit position compared to other businesses in the same
industry, and also realise if its profitability is growing or decreasing over different periods of time.
Financial ratio analysis is a very important tool in any business; it makes the process of financial
comparison between two or more businesses very easy. Directly comparing financial statements is
not that effective because different businesses have different sizes.
Financial ratio analysis allows easy comparison of financial statements, both in different ... Show
more content on Helpwriting.net ...
In addition, if we zoom into the Return on Total Assets factor, despite the increase in volume of
sales, TeaserMalts could not achieve the target of 25%. Thus, the strategies introduced by the
company are not worthy enough to reach the target of 25% Return on Total Assets.
The decreased market share has hurt the profitability of ChockoBalls. To calculate the fall of unit
sales for ChockoBalls, we take TeaserMalts' sales increase, $15 million, multiplied by 75%. That
brings us to $11.25 million. Therefore, it is calculated that ChockoBalls' Future Sales would be $25
million subtracted by $11.25 million, which equates to $13.75 million.
The reduced profitability will gain the TeaserMalts a better market share and will help the product
gain consumers. The non–shifting of the consumers will let TeaserMalt survive the market. 75%
decrease in the market will hurt the ChockoBall market share to a great extent. In future, it might be
so where TeaserMalt will make the ChockoBall extinct from the

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