Please enable JavaScript.
Coggle requires JavaScript to display documents.
Accounting and financial statements (Business plan for a large company…
Accounting and financial statements
Different types of accounting
Bookeeping
Cost accounting
"Creative accounting"
Managerial or Management Accounting
Tax accounting
Types of financial statements
Balance Sheet ( it is a tabularsheet of balances of assets,liabilities and equity
Current Assets
Non-current assets
Assets
Property
Plant and equipment
Long-term liabilities
Common stock
Preferred Stock
Retained earnings
Income Statement ( it is a statement of calculation of the income of a particular period showing Net Sales and all types of expenses)
Sales
Operating Cost
Depreciation and Amortization
Interest Cost
Taxes
Preferred Dividends
Net Income
Statement of Cash Flows ( is simply a statement of cash generation and its use categorized under different activities
Operating Activities
Investing Activities
Financing Activities
Net Increase or Decrease in Cash
Business plan for a large company
Internal analysis
Strenght and weaknesses of the organization
historical performance
trends in the business activity
current resources
External analysis
markets
customers
the competition
tax
legislation
the general business environment
Gap analysis
Starts with the key issues raised in the Internal and External analysis ,highlights those areas where there is a gap between where you are now and where you want to be.
Action plan
What need sto be done to close the gaps?
Do products need to be improved ?
Does technology need to be upgraded?
Do staff need to be retrained?
Financial issues
Cash flow forecast
Projected profit and loss
Resource assessment
Human Resources
Material resources
IT resources
Financial resources
Targets
Financial returns
Costs
Market share
Sales
Growth
Customer satisfaction
Quality
Evolution of digital accounting
E-business
Electronic business processes allow team members to coordinate activities for internal management and combine the client ‘s information whith a financial professional ‘s data via the the use of digital networks.
Cloud Computing
Software-as-a-service ( Saas) provides the core of the cloud computing experience .
Enterprise Resource Planning ( ERP)
ERP systems are software programs that bring different departments in an organization into the same collaborative environment.
Dig
Digital Technology Advancements