Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

Please answer the following discussions and please each discussion with its references at the end of each steps please. Step 308-6 Businesses choose outsourcing for many reasons, three of the...

1 answer below »


Please answer the following discussions and please each discussion with its references at the end of each steps please.








Step 308-6





  • Businesses choose outsourcing for many reasons, three of the most common being:




    • Lower costs.



    • Finding expertise.



    • Higher efficiencies.




  • Select a company that you are familiar with that might be able to outsource some or all of their accounting functionalities. Then, explain two obstacles that would limit the outsourcing initiative and propose alternatives. (Your selection does not have to be in the United States—you can select any company in the world.)








Step 306-6





  • Based on your readings and common knowledge, what do you know about QuickBooks?



  • How do you think QuickBooks makes it easier for a small business to manage their company's finances?



  • What questions do you have about using QuickBooks that you hope to answer in this section of the course?








Step 401-6



Examine the fundamental advantages of a business combination of filing a consolidated tax return which applies to corporations. Analyze the main reasons why members of a business combination file separate returns or do not. Provide support for your rationale.






Answered 4 days After Apr 22, 2024

Solution

Nitish Lath answered on Apr 27 2024
8 Votes
Step 308-6
The selected company is Tata Motors Limited. The head office of the entity is located at Mumbai, India. The company has also outsourced some of its operations to other companies and is running its business operations efficiently. There are various advantages and disadvantages of outsourcing and the companies can also face obstacles during outsourcing. The major advantages of outsourcing are as follows:
· It saves lot of time as entity is required to deploy lot of staffs if all of business operations are managed within organization.
· It saves labour and operational costs and resulted increase in business profitability. The outsourcing companies hire highly educated staff as a fraction of the cost of their local counterparts and it helps to run the business operations of the entity in smooth manner.
· The outsourced partner also helps to take care equipment and space for entire operations so it helps to save lot of money on account of office space, staffing costs.
· By outsourcing business operations, the entities can also focus on core business strategies and can plan its future business operations and scalability.
· The companies can focus on its core competencies by delegating small day to day tasks and it can also more leveraging among competitors.
· There are several other advantages which includes increase in efficiency, lower cost, finding expertise in various business operations.
The outsourcing can also have various hurdles and challenges and some of major challenges or hurdles are as follows:
· By outsourcing the operations, there can several quality issues arise as some of the staff may not have adequate technical knowledge. Further, the outsourcing firms are generally not having any accountabilities towards business operations and it can disrupt the business operations in significant manner.
· The threat to security can also arise as sharing of information with third party can be resulted in disclosure of confidential information to third...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here