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    Corporate Governance and social responsibility assignment fanatasy products.

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    Blanche DuBois and Stanley Kowalski both work for Fantasy Products, Inc., a major producer of lifestyle and travel accessories. Blanche works as a clerical assistant in the AccountingDepartment, and Stanley works as a packager in the Shipping Department. During their lunch break one day, they began talking about the company. Stanley complained that he had always worked hard trying not to waste packing materials and trying to perform his job effectively and efficiently. The firm had for many years offered bonuses to employees in the form of shares. This scheme was well-regarded by employees and...

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    Blanche Dubois and Stanley Kowalski are working for a Fantasy firm which is a producer of travel and lifestyle accessories. Blanche is working for Accounts Department and Stanley works as a packager in the shipping department. Both meet one day during lunch and start discussing about the company. The company is gaining a lot of profits but value for its share is not increasing. They discuss that since the management meets its salary with the help of profits obtained so the company is not worried about the rise or decline of the share prices which are linked and associated with the value increase and benefits to the shareholders. These employees are the share holders of the company. This company is consistently being audited and investigated for dumping of pollutants in the drains and national parks across the roads. They are not doing anything to control the environmental pollution as it involves investments, increases costs, lowers the profit margins and in turn lowers the earnings of the management. This assignment would discuss on the importance of Corporate Governance and the Social responsibility of the firm towards the society and community as a whole. It has to meet up all obligations towards the society for gaining image in market.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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