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Question 1. Interpretation of Financial Reports (4 marks ) Using the system reports generated for your Outdoor Adventures in Assessment 1, prepare a short business report (maximum 750 words) that...

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Question 1. Interpretation of Financial Reports (4 marks)

Using the system reports generated for your Outdoor Adventures in Assessment 1, prepare a short business report (maximum 750 words) that covers the following:

  • What advice can you provide Andrew and Stephanie on how their business has performed for the month of March 2018, with particular focus on the profitability of the business, including segment profitability?
  • Provide your client with five (5) recommendations, including specific actions, to improve the profitability and efficiency of the business.

Question 2. Systems Documentation (8 marks)

Strings Pty Ltd (Strings) is a medium sized, privately owned Australian manufacturing business. They are the key supplier of musical instruments and their parts to retailers across Australia. As they grow, Strings have hired you to review their revenue cycle in an endeavour to improve efficiencies in this area. To make any recommendations, you must first understand the current process being undertaken within the cycle. A transcript of your interview with the CFO, Olivia Johns is provided in Interact Resources.

Task requirements:

Using the interview transcript and an applicable system tool, create a Level 0 logical data flow diagram to document the existing system for the accounts receivable process.

A system tool includes software such as Word, Excel, Smartdraw or Edraw. There are many tools that are available to trial for free on the internet.

Rationale

This assessment task has been designed to develop your ability to interpret and evaluate the concepts covered in Topic 2. More specifically, it seeks to assess your progress towards the learning outcome:

• be able to analyse and evaluate business processes and model them using systems documentation.

Marking criteria
Criteria
HDDICRPS
Analyse the profitability and performance of the organisation and provide appropriate recommendations, employing academic writing skills.Relevant and detailed analysis of the processes and profitability of the business, and by business segment. Identification of 5 key recommendations and provision of explicit actions to improve profitability and efficiency. Accurate use of syntax, spelling and punctuation; succinct and effective use of accounting terminology. Correct report format used. APA referencing is correct and consistently applied.Relevant analysis of the processes and profitability of the business, and by business segment. Identification of 5 key recommendations and provision of appropriate actions to improve profitability and efficiency. Accurate use of syntax, spelling and punctuation; succinct and effective use of accounting terminology. Correct report format used. APA referencing is correct and consistently applied.Analysis of the profitability of the business, including discussion of their business segments. Identification of 5 relevant recommendations and provision of actions to improve profitability. Mostly accurate spelling and punctuation. Correct report format used. APA referencing is mostly correctly and consistently applied.Analysis of business profitability and identification of their business segments. Identification of 5 recommendations and basic actions to improve profitability. Some spelling and grammar errors. Report format used with some errors or omissions. APA referencing is used with minor errors.
Model business processes using systems documentation.Appropriate selection and exemplary use of a system tool in the creation of a detailed model of the business processes from the information provided, with consistent application of correct symbols. Uses narrative provided to accurately document the existing system.Appropriate selection and detailed use of a system tool in the creation of a detailed model of the business processes from the information provided, with a consistent application of correct symbols. Uses narrative provided to document the system.Appropriate selection and use of a system tool to create a sound model of the business processes, with a few minor errors. Uses most of the narrative provided to document the system.Selects an appropriate system tool and uses it to capture most of the selected business processes. Some information is either omitted or the model is partially drawn at the incorrect level and lacks some clarity.

Presentation

Part A

Your business report should include:

  • a cover page addressed to your required audience;
  • an executive summary (refer to the note below regarding an executive summary);
  • a table of contents (linked to the headings in the report);
  • headings and sub headings clearly identifying what is being discussed;
  • a conclusion; and
  • referencing (using APA style).

Resources to assist you with writing a Business Report are available in Interact under Assessment Resources.

Note: an Executive Summary is not an introduction. An Executive Summary should be an overview of an entire report, including recommendations, and no longer than one (1) page in length. This may be the only page read by busy managers.

Writing in a clear and concise manner is an important skill. You will be penalised where you have exceeded the given word count for your assignment. Your word count for this assessment does not include your cover page, executive summary, table of contents, referencing and any tables of figures.

Part B

Your level 0 data flow diagram (DFD) needs to be prepared using a systems tool. This is a completely separate question to Part A. Whilst both parts should be submitted in the same word document, you should insert a new cover page for the DFD you are preparing for Strings.

Note, no advice is required for this client. You have only been requested to prepare the systems documentation.

Requirements

APA must be used to reference all sources you have used for your assignment.

The CSU Library site provides an on-line guide to APA style referencing. This is the referencing style adopted by the School of Accounting and Finance. The guide can be found at: https://apps.csu.edu.au/reftool/.

Review the rules regarding plagiarism and if you are not sure contact your lecturer or student learning skills advisor for advice. There is no excuse for presenting the work of others as your own; this includes cutting and pasting material from the web without properly referencing the source.

Your assignment must be submitted viaTurnitin in word format only (not in pdf). As a CSU student you are entitled to a free copy of Microsoft Office 2013 Suite. Details to find out further information can be found below under 'Online Submission'.

Any difficulties in submitting your assignments online electronically usingTurnitin should be immediately reported by email. Include your name and student number in the header or footer of all documents submitted. Retain a copy of your assignment for your records.

Answered Same Day Apr 05, 2020

Solution

Dr answered on Apr 05 2020
136 Votes
Business Report for String Pty Ltd Profitability
Student Name:
Student No:
Date of Submission:
Table of Contents
1. Introduction to Strings Pty Ltd Function Process.                    4    
2. Business Advice to Andrew and Stephanie for the Month of March 2018         4
with Focus on the Profitability
3. Recommendation that Improve the Profitability of Business With Specific         5
Actions.
4. Conclusion                                        5
5. References                                            6
6. DFD                                            7
Executive Summary
Dear Andrew and Stephanie
Strings Pty. Ltd. Australia
Business Advice Report With Profitability and Specific Action
The manufacturing business of Andrew and Stephanie hiving business firm name Strings Pty Ltd supplies the musical instruments and their parts across Australia. The cu
ent process of the business activity is not so optimal with respect to the manual process and procedures existing with the system. Due to this manual process and procedures and payment system of orders the profit is reduced. There are also so many categories of costs and expenses incu
ed and further these costs and expenses reduce the profit to Andrew and Stephanie
Thus, in this business report recommendations to take and implement with the business system of Strings Pty Ltd have been proposed. These recommendations with specific action assure the business of Andrew and Stephanie to gain more profit with same sales records. Technological feasibility behind the various functions such as placement of orders by the customers, account with the website of customers, integrated ERP system for the central data management and accessibility to all the business units of the Strings Pty Ltd and mode of the payment through payment gateway inclusion with the web portal are introduced. These technological inclusion must reduce the cost incurs in the various categories of mentioned expenses and costs of the sales by the process of manual processing of orders, extraction of orders manually, keeping the inventory records manually etc.
This business report cover all the aspects associated with business of Strings Pty Ltd of Andrew and Stephanie.
From,
Expert, Business Domain,
Name of the Student.
1. Introduction to Strings Pty Ltd Function Process.
Strings Pty Ltd is 12 year old company manufactures the musical instruments and their parts. Its business are cu
ently running whole over Australia. There is an ERP system which is being integrated with business functional domain but all the customers orders are taken by telephonic call and electronic messaging (Email) systems. Therefore, the orders are entered by staffs manually into its integrated ERP...
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