Securing Higher Grades Costing Your Pocket? Book Your Assignment At The Lowest Price Now!

- +
250 Words
Upload File
    Choose Your Topic

    Business Report Virgin Australia Reporting Business Performance And Value - What if Money Was Meaningless.

    Question Preview:

    Organisations need accurate, timely, objective and concise information to make effective decisions. One way they can obtain such information is from a business report. This document can be defined as “an organised presentation of information to a specific audience for the purpose of helping an organisation achieve an objective” (Bowman & Branchaw, 1988, p. 12). While business reports share similar characteristics, they also need to be customised for their particular purpose. An informal report may be a brief summary while longer reports follow a more complex and formal structu...

    Solution Preview:

    It is required by the current IASB Conceptual Framework for Financial Reporting that the financial reports of the companies be mandatorily presented in financial terms. However, it remains that the money is not backed by any real value since October 1976. every $100 of foreign exchange transactions in A$ roughly only A$1 is traded for real goods and services, and the central banks in the so-called ‘developed’ western countries have, since the Global Financial Crisis in 2008, pumped trillions of $ into the monetary system to avoid the collapse of financial institutions. These concerns have directed us to research and present a business report, which explains the way that the current IASB Conceptual Framework for Financial

    Reporting compels the companies towards reporting in monetary terms, includes a draft a qualitative section that can be integrated in the company’s annual report that depicts the performance of the company as well as its value creation in non-monetary terms, and recommendations on the way that the organisation can offer increasingly consequential reports to the stakeholders. The report is the initial step towards searching the alternative ways to report the value creation and performance.

    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.

    Get Full Solution In $25Pay Now

    $25

    Orginal Price : $32.50

    PAY NOW

    Upload Assignments

    Get your free personalized course list

    - +
    250 Words
      Get Your Assignment

      Don’t delay more, place your order now. Quick assignment help will be offered to you.

      ORDER NOW
      Our Testimonial
      ...
      Divya Chopra
      Management Student Studying in Australia

      I had a splendid experience with LiveWebTutors. They are always available to help. I was glad when they gave me an original solution of my assignment in just 12 hours and I got A grade in it. Thank you Livewebtutors! You are the best!

      ...
      Mohit Lakhotia
      Management Student Studying in Australia

      My experience with LiveWebTutors was nothing short of excellence. Whenever I approach them, they always take care of the requirements and offer me solutions exactly as I need

      ...
      Richa Khandelwal
      Business Studies student, studying in Australia

      They took care of the plagiarism issue that I was facing and delivered a 100% authentic and plagiarism free assignment. I was proud to receive an A+ because of the exceptional online assignment help that I received.

      ...
      Monika Jaiswal
      Law student, studying in Australia

      An assignment that was taking me around few months to be done was delivered to me in only a few weeks. Thank you, team of LiveWebTutors, for such swift support'