Explain the role of benchmarking in financial operations.Identify critical data sources for the benchmarking process.
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- Business Performance Management (BPM) can be seen to be the convergence of Corporate Strategic Planning and Business Intelligence (BI). a) Provide an overview of the key steps within a Corporate Strategic Planning process, identifying any strategic planning techniques that could be employed. b) Describe a suitable BI system that could be used directly by a senior manager to monitor company progress towards achievement of its corporate strategic plan.You have performed preliminary analytical procedureson one of your audit engagements and observed the following independent situations:1. The allowance for obsolete inventory increased from the prior year, but the allowance as a percentage of inventory decreased from the prior year.2. Long-term debt increased from the prior year, but total interest expense decreasedas a percentage of long-term debt.3. The dollar amount of operating income is consistent with the prior year althoughthe entity was more profitable on a net income basis.4. The quick ratio decreased from the prior year, although the amount of cash and netaccounts receivable is almost the same as the prior year.Below are possible explanations for each of the observed changes in the financial statementamounts and ratios. For each observed change, select the most likely explanation(s)from the list below. Note: There may be more than one explanation for a given observedchange, and an explanation can be used more than once.a.…Evaluate the firm’s short-term solvency for 2008 by computing: a. Working Capital b. Current Ratio c. Acid-test/Quick Ratio
- As opposed to identifying opportunities and threats, identifying a company’s strengths and weaknesses in SWOT analysis can involve all but which of the following?a. Careful analysis of the company’s sustainability statementb. Analysis of the company’s code of ethicsc. Evaluation of the company’s operations, strategy, and management competenced. Review of the company’s industry and competitive environmentDiscuss the meaning of ratio analysis in healthcare. Pick only one (1) ratio from EACH major group from the financial statements. (e.g. Current ratio, ROE, Debt to equity, ALOS) Major Groups: Liquidity ratios (Current ratio, Days Cash-on-Hand, Quick Ratio) Profitability ratios (ROE, ROA, Total Margin, Operating Margin) Leverage/Capital Structure Ratios (Debt ratio, Equity ratio, Debt to Equity Ratio) Nonfinancial Ratios (Occupancy rate, payer mix, ALOS, Expense per discharge, FTE per bed, HMO penetration) Discuss one (1) ratio (from EACH major group) using the following criteria: What is the meaning of each ratio? Evaluate the meaning of the ratio related to the financial health of the health care organization. Show the calculations. Explain the factors that affect the results related to the financial health of the organization.The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue $375,000 Cost of goods sold 322,000 Value of production materials on-hand 42,500 Value of work-in-process inventory 37,000 Value of finished goods on-hand 12,500 Compute the inventory turnover ratio (ITR). Note: Round your answer to 1 decimal place. Compute the weeks of supply (WS). Note: Do not round intermediate calculations. Round your answer to 1 decimal place.
- Cost:1-Low cost operationsQuality:2-Top quality3-Consistent qualityTime:4-Delivery speed5-On time delivery6-Development speedFlexibility:7-Customization8-Variety9-Volume flexibility How can benchmarking help a company improve on any or all of the listed, (9) priorities?An analyst has collected the following information regarding Gilligan Grocers: Earnings before interest and taxes (EBIT) = $700 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) = $850 million. Interest expense = $200 million. The corporate tax rate is 40 percent. Depreciation is the company’s only non-cash expense or revenue.What is the company’s net cash flow?You are an audit senior of Samyantwi & Partners and are in the process of reviewing the systems testing completed on the payroll cycle of Brown Industries Ltd, as well as preparing the audit programmes for the finalaudit. Brown operates several chemical processing factories across the country, it manufactures 24 hours a day, seven days a week and employees work a standard shift of eight hours and are paid for hours worked at an hourly rate. Factory employees are paid weekly, with approximately 80% being paid by bank transfer and 20% in cash; the different payment methods are due to employee preferences and Brown has no plans to change these methods. The administration and sales teams are paid monthly by bank transfer. Factory staff are each issued a sequentially numbered clock card which details their employee number andname. Employees swipe their cards at the beginning and end of the eight-hour shift and this process is not supervised. During the shift employees are entitled to a…
- Sock code- BAP Company name: Bapcor LTD Business description This section should include a brief description of the company. It should detail the company’s products and markets and should also provide a clear understanding of the company’s operations and its key drivers of revenues and expenses. write dot points form2. Why quality is very important to be considered in operating business? What is the important job in Accounting in managing activity that different with before accounting involve in managing activity.In an IMS, an advantage is Select one: a. External audits should be performed only. b. Internal audits should be performed only. c. Identifies objectives and priorities to be met.