Furthermore, the summary report of the income statement, cash flow statement, and balance sheet clearly show one’s personal financial status paving the way for better managing personal finance. Describe the three products of accounting and bookkeeping procedures that are most useful in personal financial planning. In personal financial planning, the three products of accounting and bookkeeping procedures that are most useful are the; income statement, cash flow statement, and the balance sheet. Income statement: The income statement summarizes income and expenses for a period, and also shows the
New items that address the needs of potential clients, which thus expands the client base. IBIS World (2017) states that this industry is helped “by the slight uptick in demand for energy-efficient appliances stemming from tax credits for these products.” Current development of the economy in contrast with other economies shows an opportunity for an increase number of foreign financial specialists to put resources into the business sectors. Financial assistance provided by the government on the reliability of business plans. Existence of government entities that deal directly with entrepreneurs, creating network opportunity (Conner, 2013).
What is IMB’s “Smarter Planet” business strategy? How does this strategy relate to IMB’s mission and values? IMB’s strategy is based on the idea that the next major revolution in the global market place will be the instrumentation and integration of the world’s processes and infrastructures generating unprecedented amount of data. This knowledge can help reduce cost cut waste, improve efficiency and increase productivity for companies, industries, and cities. As stated in the case IMB’s mission statement is to lead in the invention, development and manufacture of the industry’s most advanced technologies, including computer systems, software, storage systems and microelectronics.
Project describe Plan Cost Scope Time Deloitte In This Project - Deloitte Plan extends the standard software, improve technology system - Provides a universal tool for the development of business planning models - Support technology, employee, cost, experience to research the project - Reduce the delinquent personal and small business loans - Reduce finance risks - Cost suitable for Addison bank' budget - Accept high cost to ''strategically invest'' in the project - Employee training costs - Hardware facilities - Cost for warranty. - Supported by Enterprise Technology - Create a business architecture framework based on business objectives - Recommendation to bridge the gap between current state and future optimal technology support - System consult and maintain 6 months – 1 year(system) (December to February)(forecast) 2.4. Answers the question: What is the core purpose? Addison’s core purpose business in the project: recover loans, risk assessments on its loan portfolio in order to estimate the proportion of loans that were recoverable. Addison Business Core Purpose => Strategy =>
(a) Analysis of financial statements is considered to be an effective tool for analyzing the operating and financial performance of an organization. The analysis of financial statements is useful for taking practical economic decisions by various users. There are different types of tools available for the analysis of the performance of an organization. However, the horizontal and vertical analysis is a very widely used technique for developing a better understanding of financial strengths and weakness of an organization. For the purpose of this assignment, as a Financial Analyst for Middle East Venture Capital LLC, I have chosen Oman Fisheries Co. S.A.O.G.
This innovation supports new functionality that improves quality of customer interaction and satisfaction. • Empowers business processes with direct control related to customer service •Make available a platform for further business innovation and service improvements offered to customers4 Impact of the Innovation A Customer Information System (CIS) is critical to ensure customer satisfaction and meet complex billing requirements. A CIS manages account, consumption and billing data, and delivers a distinct solution for tracing all interactions with your customers. Customer Information Systems of today are far more complex and intuitive than 4 www8.hp.com/h20195/V2/getpdf.aspx/4AA3-1817ENW.pdf?ver=0 8 | P a g e earlier traditional utility billing systems. Having a recently updated Customer Information System (CIS) allows company to build the kind of customer relationships needed to maintain and thrive in today’s ever competitive marketplace.
A securitization transaction is widely used by the organizations in order to prevent any potential risk happen in their organizations. According to Senanayake (2010) on her books is Asset-backed securitization and the financial crisis stated that, securitization is the process of individual loan packaging and other debt instruments. Where the packaging process will be transfer as a security to improve a rating or credit status. While Davidson et al. (2003) stated that securitization is a process of packaging and transfer financial promises into form where it can be easily transfer to other investors.
The liquidity in the shadow banking system is ensured by contingent lines of credit and tail-risk insurance in the form of wraps, guarantees or credit default swaps (CDS) provided by the private sector – commercial banks and insurance companies. Such liquidity enhancement forms allow shadow banks to issue highly-rated short-term liabilities and expand lending. However, stability of the shadow banking system and stable credit intermediation to a great extent rely on the solvency of private liquidity providers. According to Gorton & Metrick (2010) two methods can be successful for regulating the shadow banks, namely, strict guidelines on collateral and government guaranteed insurance. Both of these measures are inherent to the traditional banking and played a major role in rescuing the financial system.
This would mean transforming from their present position where they simply operate in the money market into a deeper involvement in the country’s overall financial infrastructure. The discount houses would be transformed into an unquestionable pathway through which monetary policy actions can be carried out and also contribute to the overall growth of the financial sector. The viability of discount houses on the long run would depend on their capability to obtain plausible money market based products that would exceed what banks can provide. This kind of venture would be profitable with the involvement of treasury securities-based products and the liquidity profile of discount houses. Having High Net worth Individuals (HNI’s) and corporate organizations invest in treasury securities backed instruments could dictate impending survival of discount houses.
Accurate record keeping is critical because of the continuous business transactions and the unending changes in finance. Through the use of computerized accounting systems, recording and posting of transactions, making financial statements, and the principle of double entry bookkeeping can be automated when done. According to Lewis (1999), the wastage of time on recording business transactions and preparing financial statements can be limited with the use of computerized accounting software. Computerization can lead to a better quality of financial reports. As determined by Van (n.d), computerized accounting software is a system used for recording financial information.
Accounting policy efficiency and reliability Target Corporation’s accounting policy is both efficient and reliable. However, in relation to the ratios discussed earlier, the use of estimates accounting policy is one that may require additional attention. This policy requires management to make estimates and assumptions affecting reporting amounts in the consolidated financial statements which can link to the payout ratio, the return on assets ratio (ROA), and also the earnings per share ratio (EPS). By comparing the estimates, management makes in comparison to the actual numbers presented in the statement, it would support us to make reflections on numbers that look unusual. All three ratios connect to the assertion accuracy since their amount