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TACC403 Accounting Information systems

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TACC403 Accounting Information systems

Assignment: TACC403 – Accounting Information systems

3 Requirements & report structure Reference sources from general websites are not acceptable. At least six (6) credible references must be used and at least three (3) of these must be from academic (scholarly) journals. The remaining three (3) may be from industry magazines or books. The references can be from printed or online sources and must be current (i.e. within the last seven (7) years). You can use material from organisational web sites as an example to support your arguments but it is not counted towards the references’ quota (i.e., 6 references). You are to complete the tasks listed at the end of the case study and submit your answers as a report (3000 words, excluding executive summary and reference list). For report, create a WORD file to develop your report and include the following: Title page (no borders or frames, required details include a suitable report title, assignment title, your name, student number, course code and title, and due date) Executive summary (briefly describe the purpose of the report and the date on which it was requested, a brief summary of your major findings, conclusions, and recommendations.) Table of contents (use the feature in WORD for auto generated TOC, the headings ‘Title page’, ‘Executive summary’ and ‘Table of contents’ and also the individual headings on the title page should not appear in the table of contents that is generated.) Introduction (identify the purpose of the report and what you will be discussing within the report.) Discussion (This is the main body of the report, after ‘Introduction’ and before ‘Conclusion’ headings. This is where you will present the arguments for your recommendations. You will need to consider headings and sub‐headings, as many as your discussion requires, between ‘Introduction’ and ‘Conclusion’, using WORD heading styles to guide your discussion to answer the tasks listed for the case study. You will need to determine in which order you present your material. You should not include the tasks, but a discussion about those issues that have been highlighted in the tasks.) Conclusion (a very brief summary of your judgement) Recommendations (after discussion and analysis, state explicitly what your recommendations are) References, a complete reference list at the end of the report using Harvard referencing style Headers (only include as centred, and as right aligned) Footers (only include as left aligned, and as right aligned) Header and footer should start from the page containing ‘Introduction’ heading. Paragraph formatting (should be left aligned, single spaced and 6 pt space after each paragraph.)

 

Methods for Integration External Parties in Business

Enterprises that prevail at coordinating outer gatherings into their organizations consider it to be a basic supporter of productivity, not as some wooly subjective action. They oversee it like some other business work, utilizing the three center devices of extraordinary administration: making capacities, setting up procedures, and estimating results. 

Making capabilities: Companies can build up their aptitudes of incorporation outer gatherings into business through a blend of hands on involvement and formal preparing for workers. As a rule, especially at senior dimensions, these abilities are best created in a few regions of the business involvement in advertising, for instance, prepares officials to dissect and speak with partners, involvement in tasks to convey change on the ground. Formal preparing is a valuable enhancement, especially for progressively concentrated abilities, for example, arrangement. 

Setting up procedures: Putting abilities set up isn't sufficient; organizations should formally join outer gatherings into business forms at all dimensions. Each procedure regardless of whether it causes an organization to set corporate system, structure items, or plan ventures must incorporate endeavors to think about its effect on partners and ramifications for the business. Helge Lund portrays this methodology at Statoil: "Partner interests, exchanges, dangers, and openings are profoundly incorporated in each business choice that we take. Each and every undertaking or venture choice accompanies reflections, chance maps, and alleviation activities around the specific theme that we're talking about."

Raising Funds by an Organization

Every organization requires funds in it reserves in to handle its operations and to initiate projects. There are numerous ways an organization can raise funds. Some of these ways are grants, in-kind donations and fiscal sponsorship.A comprehensive research can be undertaken from the internet on the many community foundations and community trusts, government agencies and cooperate institution that offer funding to organizations in need of funds. 

Grants

Grants are offered by government agents, corporations, foundations, or trust. Some grants are offered on a matching basis. This is where for every coin extended to an organization; the organization is required to raise another coin from other sources for complementation. This allows for project completion since projects become fully funded. It is easier getting the second financier once the first is obtained. Evidence of the first financier is issued to the second so that trust is placed upon the organization in need of grant. 

In-kind Gifts

These are tangible or intangible gifts extended to the organization for free. The sources for these gifts can be individuals, other organization and companies. Most gifts are from local small business communities from within the area of its operation. The tangible gifts include computers, stationary, machinery and phones. The non-tangible gifts are services that can be rendered to the organization including, grass cutting, washing, cleaning, and cooking. Since business enterprises are motivated to give to gain, organization can market this businesses by include the details of the gifts in their newsletters and their business events.

Bank Loans and Program-Related Investments

Nonprofit making organizations can approach financial institutions for funding. Such institutions can extend lower interest loans if talks are held to discuss this issue. In addition to loans, organizations can get financed from income generating projects which have money value on them. In case the loans are unplayable the projects can be sold to settle the debt. 

Fiscal sponsorship

Stating organizations can approach established nonprofit making organizations for sponsorship. The established organization can also provide it non taxation status   to the infant organizations to transact their business. This relationship is kept simple and precise.

Our savings

 This source of financing can be ideal if you can afford it. It puts you in full control of how much you are going to get. Furthermore, you never have to justify yourself to investors. This last point is an important benefit. You have the freedom to operate as you see well. There is a trade-off, though: this freedom usually comes at the expense of having little money.

Our credit

We use also our credit either through credit cards or a home equity loan to start our businesses. Credit cards are best used to pay expenses that are directly related to a project. Once the project is completed and the client pays, pay the credit card back. 

Family members and friends

If you start your business using friends and family investors, decide whether to sell them equity or take a loan from them. Both have advantages and disadvantages. Investments from selling equity don’t have to be paid back. However, the person to whom you sold the equity becomes an owner and shares the profits. Loans, on the other hand, have to be paid back. However, once the loans are paid, the transaction concludes. Small Business Administration

Leasing

In our businesses in certain industries need equipment to get started. One way to finance the equipment is to lease it through a finance company. Most equipment leases are structured so that the finance company buys the equipment and rents it to you for a monthly payment. Once the term of the lease concludes, we can buy the equipment from the finance company for a fairly modest cost.

Conclusions and Recommendations

From the overall discussion it can be concluded that funds are crucial in the operation of any organization. The management of the organization should ensure funds are not misappropriated or projects left unfinished. Such situations will make donors to shy off in future from funding the organization. The underutilized form rising funding, known as challenge grants should be a choice to many since it is an effective form of fund generation for any starting organization.

The data collection procedures to be used by the manager in the case presented in this study must adhere to the confidentiality procedures throughout the investigation. The manager must ensure the confidentiality of the data collected having in mind that the investigation being carried out involves the son of a high profile company stakeholder. In line with this statement data collection must be in line with the data privacy procedures that are legally accepted (Grama, 2014). In the investigation to be carried out on the mobile devices in the company confidential information collected must remain in privacy to protect the driver’s right to have his personal information withheld from the public. The data collected must be protected from access by persons not permitted to avoid interfering with the personal living of the driver under investigation (Grama, 2014).

In the process of the investigation, hard evidence is required in order to start legal action on the employee. The evidence must support the breach of law in the company. As a manager initiating this investigation, you must decide on the best time to let the driver know that you started an investigation against his misconduct. This approach must be balanced with employees right of defense stipulated in the labor laws. In addition to legal issues, ethical issues need to be considered in the entire data collection process. Along with confidentiality to keep data private it is also important to ensure that the employee does not interfere with the process of data collection (Gunn &Taylor, 2014). As a manager, you are required to identify whether the information received from the anonymous caller is deceptive or based on lies and tricks for some personal gain. A cross-analysis is required before starting the investigation. As an investigator, you need to understand the motive behind the caller in order to start the investigation or abandon it.

 



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