Solution The scenario in this report focuses on ABC organisation which is an accountancy/bookkeeping company. The company leverage on the use of QuickBooks and Sage in the storage of customer’s information, which scopes from financial, managing and corporate accounting and finances. Handling these categories of data requires adherence to legislation, accuracy and relevance of data. Wood (2005), on the one hand, defines data as a discrete, objective fact relating to events. Through value additio...

Question Task 1 – Answer (700 – 900 words) A.C. 1.1 - Identify the features of data and information A.C. 1.2 - Determine the criteria to be applied when selecting data and information to support decision making A.C. 1.3 - Evaluate the impact of a management information system to an organisation Task 2 – Answer (700 – 900 words) A.C. 2.1 - Determine the legal responsibilities in sourcing, sharing and storing information A.C. 2.2 - Discuss when information should be offered and ...

Solution Table of Contents Executive Summary. 3 1.0 Introduction. 5 2.0 Background of Organisation and Selected Category of a Product 6 2.1 Introduction to ADNOC. 6 2.2 Selected Category of a Product 6 2.3 Scope of the Report 7 3.0 Category Plan. 7 3.1 Kraljic Portfolio Matrix of the telecom networks for company assets. 8 Supply Positioning. 9 Supplier View of Customer Account 9 Supplier Classification. 9 3.2 Market Structure. 9 3.3 Overall Cost of Ownersh...

Solution In order to identify the different legal requirements that influence the HR plan, it is essential to evaluate in the components of the HR plan. In the context of ABC, they include the following; Figure 5: HR Plan Components The identified components can be supported by Ulrich et al. (2008) that observe that HR departments need to operate as a business within a business instead of being a disconnected or isolated set of HR activities. Having identified the HR plan components, s...

Solution According to CIPD (2019), HR planning is identified as a core business process for aligning changing organisation needs with people strategy. This is affirmed by Hoch and Dulebohn (2013), who note it as a comparison of organisation resources with forecast labour demand. This leads to the scheduling of practices to acquire, train, redeploy, and discard labour. Also, Mintzberg (1994) had noted that planners should not establish strategies but need to supply data, assist managers in think...

Solution This report focuses on ABC company, which is an organisation involved in the provision of strategic accountancy services. In more than 25 years, the organisation has been offering a wide range of services to its customers, both small and larger ltd companies. ABC strategic plan is enabled by their staff in all areas of accountancy with experience and capacity of providing a personalised and friendly service meeting the needs of their clients. To identify these requirements, ABC sets a ...

Solution Task 1 – Answer (750 - 850 words) A.C. 1.1 - Assess the strategic importance of current, future and anticipated HR requirements This report focuses on ABC company, which is an organisation involved in the provision of strategic accountancy services. In more than 25 years, the organisation has been offering a wide range of services to its customers, both small and larger ltd companies. ABC strategic plan is enabled by their staff in all areas of accountancy with experience and cap...

Solution Accounting Rate of Return Method This method tests viability by establishing the average return on the proposed investment on the basis of a project estimated revenues and expenses. viability. In one of the projects that Tesco Plc was considering acquiring modern office equipment costing $25,000 with an expectation of generating profits of $2,000 annually over a period of ten years, the tool was used to evaluate its viability The AAR identified which is 16% and identified through...

Solution According to De Andrade et al. (2011), the viability of a proposal for expenditure is identified through different methods for approving or denying a proposed capital investment on a cost/benefit analysis.  The viability of a proposal for expenditure can be identified through; Accounting rate of return method Payback method Discounted cash flow methods, such as the net present value (NPV) method and the internal rate of return method The rationale for selecting these meth...

Solution Sales Revenue The sales revenues of the organisation had consistently increased slightly apart from June where the increment was at 6.7%. Further, the material purchases and wages increased in the period which is possibly the trend of the business. Despite new machinery being purchased, there has not been a substantial increase in overall sales. Also, the marketing strategy could not have been effective to reach out to more clients as compared to those already existing in the market...