This assignment is highly focused on the formulation of proper solution for the client. The client needs and requirements have been taken care of in the previous task and this assessment has thus been focused primarily on the need of the client (Appelbaum et al., 2017). The development of proper and accurate solution has been devised in this assessment through identification of the needs and opportunity of the client. The proposed needs and requirements of the client have been identified through the aims and objectives in the report. Thus the proposed solutions have been formulated from the client needs (Clarke et al., 2019). The service standards and the ethical codes are also defined and stated in the assessment through proper implementation of a plan. The cost and fees structure has been defined explicitly to help the client with the issues and challenges. The authoritative responsibilities have been highlighted in the client service proposal to help the client in solving the intended issues and problems.
The intended objectives and aims that are required to be achieved through the client proposal. The required aims and objectives include:
a To identify the needs and requirements of the client
The needs and opportunities of the client have been identified through the understanding of the financial boundaries that have caused him the issues and challenges in attaining a proper business finance (Loughran and McDonald, 2016). The primary need of the client is to identify the requirement of a business structure that can suit his financial boundary. The opportunities that can help the client to formulate such a business structure are through identification of the properly balanced sheet for evaluation of the business effectively. Thus the needs and identification have been identified in the client proposal that can be sorted through the client service report.
The solutions for the client’s financial business stability can be determined through the steady identification of the drawbacks and gaps in the financial structure. Thus a proper solution and recommendations are needed to understand the basis on which the whole financial report can be structured for the client (Maskell et al., 2017). The proposed solution for the client can be formulated through the correct understanding of the areas of his business operation and the financial investment that is needed for gaining a proper market advantage in the competitive business market sphere of emerging companies.
The matter of customer satisfaction can be achieved only through the formulation of a proper service standard. Service standards are the basis on which the client can be satisfied due to the proper implementation of service that is formulated. The service standards are defined based on three primary factors that include timeliness, appropriate solution ad accuracy of problem identification (Nkiru and Okoye, 2017). This service standard needs to be properly aligned with the code of conduct that is relevant for the achievement of client satisfaction. Thus the satisfied client is an important asset for the proper identification of the business success and helping the client to achieve the intended financial analysis report. In the field of accounting, the code of conduct mainly pertains to the areas of professional competency, integrity, confidentiality, professional behavior and maintenance of the client needs through proper identification of his problem.
The suggestive plan is highly required by the customer for identification of the areas of his issues. The financial planning and planning consultancy is highly required for gathering proper research solutions for the clients and is a detailed part of the research implementation plan (Siano and Wysocki, 2018). The client needs to be identified with a financial report that can be helpful for him or her to devise his business with modesty and to gain higher rate of market advantage and profit. The implementation plan thus needs to include a proper gross profit that is intended for the business after it is devised after a certain period.
The cost and fees structure for the business modification of the client is an important area of understanding for helping the client through the business (Smith, 2017). Thus the economic structure needs to be formulated keeping in mind the nature of business operation and the intended market in which the business wants to thrive in. This is how the cost and fees structure needs to be formulated for the client so that he or she is able to gain higher rate of profit in the market with negligible area of loss.
The authoritative power in a business is required to provide powers and orders in a certain business background. It is thus the power to take decisions and authority in a business operation. The responsibility in this context is the understanding and the evaluation of being accountable for any kind of obligation in the operation of the business (Yu et al., 2019). Thus the authority and responsibility needs to be implemented with proper evaluation of formulating the financial analysis report for the client as these are the two forces that are functional to meet the client’s requirements.
Thus the development of a client solution has been formulated through the business plan for satisfying the needs and requirements of the client. The proposed solution for the client can be formulated through the correct understanding of the areas of his business operation and the financial investment that is needed for gaining a proper market advantage in the competitive business market sphere of emerging companies. It is in this way that the inclusion of authoritative power and responsibilities are important in identification of the client solution and understanding the ways in which a proper business regulation can be modulated.