You will perform the roles of a Management Consultant and Financial Analyst, whose main task is providing advice to the company's management, and to potential investors, respectively. These are two of the most high profile and lucrative positions in the profession Of Home Depot .
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- select a “start-up” company in an industry of your choice and provide a brief summary description of the start-up company you chose and the goods or services it provides. 1. As a start-up company, identify three Credit Risks the company currently faces today or could face in the future. Explain in detail why these risks are a threat to the company. 2. What advice would you give to the CEO of the company to prevent or minimize these credit risks?Briefly tell us how you approach problems from a quantitative and qualitative perspective. ( Financial Management intern position)Assume that you have finished your MBA program and have applied for a position in the Financial Accounting Department of a large multinational company. The company is struggling with its accounting reporting matters and several accounting reports are under regulatory scrutiny. In theinterview board, the recruitment committee members have asked you the following questions. i. How can you contribute the Financial Accounting Department of this company if you are recruited?
- You as an accountant of Al Ghalbi company. In your company the are some trainees who have just graduated and have joined for OJT in your company. You are the supervisor for these trainees. Which is an important aspect of developing any theoretical structure? a. Hope of business b. Basic elements/terms c. Rules of business d. Economics of businessMany accounting and accounting-related professionals are skilled in financial analysis, but most are not skilled in manufacturing. This is especially the case for process manufacturing environments (for example, a bottling plant or chemical factory). To provide professional accounting and financial services, one must understand the industry, product, and processes. We have an ethical responsibility to develop this understanding before offering services to clients in these areas. Required Write a one-page action plan, in memorandum format, discussing how you would obtain an understanding of key business processes of a company that hires you to provide financial services. The memorandum should specify an industry, a product, and one selected process and should draw on at least one reference, such as a professional journal or industry magazine.Discuss the following: 1. All accountants are assumed at a minimum be proficient in the AIS user role and at least one other role like (manager or designer or evaluator). Why they expect this proficiency from the accountants? 2. What is the significant contribution of the Accounting Information System in the business value chain?
- Describe the responsibilities of a financial analyst. Write five to seven bullet points outlining the responsibilities of a financial analyst. Write in complete sentences. Use an example to discuss the importance of analyzing and managing finances to help make business decisions. How do these responsibilities help inform management decisions? What would happen if management didn’t have this information? Consider the bullet points you outlined in the previous section. Then write a brief paragraph that answers the following questions. Use examples to support your claims. Explain how to use accounting principles to analyze a business’s financial health. Give examples to support your claims. What accounting information do financial analysts use? What would happen if that information was not available or was not accurate? Write a brief paragraph that explains how financial analysts use accounting principles to analyze a business’s financial health. In your paragraph, also answer…Assume that you have finished your MBA program and have applied for a position in the Financial Accounting Department of a large multinational company. The company is struggling with its accounting reporting matters and several accounting reports are under regulatory scrutiny. In the interview board, the recruitment committee members have asked you the following questions. What have you learnt in the BUS 505 course relating to financial accounting? How you can contribute the Financial Accounting Department of this company if you are recruited?Studying AIS helps students understand business processes from an accounting perspective. Which of the following activities would commonly be associated with the financing process? Selling goods and services on credit Issuing equity securities Making payments to vendors Hiring employees to work in the finance department
- Assume that you are a management accountant in a local firm. Your firm is thinking of establishing ethical guidelines for management accounting and you are assigned a task to draft these guidelines. the main ethical aspects of Credibility in management accounting that your local firm should have as guidelines.Who are the primary users of a company's management accounting information? A its customers to understand the pricing of the product. B its creditors to understand the credibility of the business. C its employees to plan and control operations. D its investors to make their investment decisions.Accounting information system (AIS) is an integral part of the total management information system (MIS) of an organization. The AIS is usually manned by accounting and finance professionals who possess knowledge and competency in business MIS as a whole, and AIS in particular. As business continues to evolve, so does the roles of the accounting and finance professionals also continue to evolve. a. Discuss three (3) roles that are accounting and finance professionals are required or expected to play in the everchanging information systems of a business. b. The AIS within an MIS may be run either manually or in an automated manner. A computerized AIS is an automated system for recording, summarizing and analysing large volumes of financial data into useful information and reports. Identify and briefly explain four (4) modules of a computerized AIS. c. Explain three (5) salient features that have allowed the computerized AIS Tally ERP.9 to make inroads to the Ghanaian SME market.