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    MA508 Business Statistics || Master of Professional Accounting

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    Students are required to produce an individual assignment using the data provided. Data is available onMA508 Moodle shell in the folder named [Data set]. You need to use Business Statistics theory, concepts, tools and terminology that you have learnt from weeks 1 to 5 to analyse the data and to write up the assignment. Data set [ABZ-Customer & Sales data] is from a global corporation. The business sells categories of products including DVD, CD, and books which include Classical, Novel, Politics, and bestsellers. The main challenges in the business are profit, and decreasing sales...

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    ABZ Ltd. Is a global corporation dealing in categories of products including DVD, CD andBooks which includes Politics, novels, classical and best-sellers? The company is dealing with diverse customers from different age groups, gender, area, marriage status, etc.

    A company always aims to achieve sustainable growth by achieving its target sales at optimal prices to maximize the profit margin and market share simultaneously. For ABZ Ltd. the data is analysed to understand the behaviour of customers and sales. Measures such as mean, range, probabilities, etc. are used in the study and also various graphs and tables are studied to support the recommendations. The analysis is to achieve more profit and sales for ABZ Ltd.

    Any single value that explains the set of data by identifying the central position within that set of data is called central tendency. They are also known as a summary statistic. Mean is one of the methods to calculate the central tendency. it is also known as average.

    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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