20142321 SIYIWANG TACC403 - 2063 Words

Assignment: TACC403 – Accounting Information Systems TACC403 - Accounting Information Systems Individual Assignment Semester 1, 2014 Total Marks: 25% of total marks for TCC403 Due Date: Week 10 Student Name: Siyi Wang Student ID: 20142321 Contents Introduction 2 Discussion 2 Q1. 2 Q2. 3 Q3. 3 Q4 4 Q5. 4 Q6. 5 Q7. 6 Conclusion and Recommendation 8 References: 8 Introduction Small businesses occupy a very important place in the economy. These businesses face many of the same problems such as lacking computer experience and do not have sufficient internal computer expertise and decisions as big firms but without the benefit of staff expertise and multiple managerial level. Thus, the top manager or managers†¦show more content†¦It also can set up barriers to deter new entrants from coming into an industry by cultivating unique or capital intensive resources that new firms cannot easily duplicate. Q4 There are three types of business processes: 1) Management processes, the processes that govern the operation of a system. Typical management processes include corporate governance and strategic management. 2) Operational processes, processes that constitute the core business and create the primary value stream. Typical operational processes are purchasing, manufacturing, advertising and marketing, and sales. 3) Supporting processes, which support the core processes. Examples include accounting, recruitment, call center, technical support. As the case shows, we can define the information requirements of RTE relationship as the amount of information that must be collected, processed, and disseminated across firm boundaries to address uncertainty in the outsourced task environment. Business processes involve the manipulation of either physical or informational objects. Q5. Stakeholders, who are governed by their shared motivations, responsibilities, authorities and predispositions, tend to form coalitions when planning for a joint initiative. In the case of RTE, the key issue associated with â€Å"collaboration† is that seemed to contribute to the abandonment of RTE, is the failure to conduct a stakeholder identification analysis. Since existing information systems can produce

Analysis Of The Film Der Untertan - 1439 Words

In Wolfgang Staudte’s (1951) film, Der Untertan, the main character named Diederich Hessling develops from being a meek and cowardly boy to become a manipulative and self-involved man. The film uses many instances of imagery and subtle moments of foreshadowing to convey the ideals of the people of that time which lead up to the World Wars. Diederich is a typical Prussian citizen who blindly follows, supports the true â€Å"German values†, and bows to his superiors while stepping on his subordinates. The film illustrates Diederich’s character development, his shift in personality, and political confrontations through carefully crafted camera techniques that also highlight the time period that the film was set in as well as produced in.†¦show more content†¦There could not have been a better time for this to begin to happen to Diederich because soon after joining this university corps, his father gets ill and passes away leaving the family’s pap er business, money, and females of the family to Diederich’s responsibility. Later, when Diederich is forced to fulfill his civic duty of military service, he once again gets the sense of amazement as the sergeant aims to break each individual recruit in order to rebuild them as a proper serviceman that would be honored to wear the uniform of the Kaiser. At this point, we see start to see the manipulative side Diederich come out when he approaches the doctor, who was shown earlier as a member of the same university corps and asks him to relieve his pain. This doctor then gets Diederich honorably discharged on the condition that he had flat feet and could not perform to the standards of the military. To make himself seem more noble and respected, Diederich deceived his peers by buying a cigar and claiming his captain gave it to him as he begged him to stay in the military and serve his beloved country. By receiving more respect and admiration from his classmates, he begin s to see opportunities that can further his ambitions through lies and manipulation. This is seen again when he runs into Agnes again and spend a day on the lake discussing their future together after they spent the previous evening together but when Mr. Gà ¶pel visited Diederich to inform him of

Sony Marketing Plan Free Essays

A Company Profile Leslie Siedlak Marketing 470 Professor Schramm February 13, 2013 Executive Summary Sony is a global manufacturer of electronics both for consumers and professional markets. Sony’s most popular products include digital cameras, televisions, personal gaming systems, and personal computers. Sony competes with many other companies in the consumer electronics market including Samsung, LG, and Apple. We will write a custom essay sample on Sony Marketing Plan or any similar topic only for you Order Now Current Market Situation In the consumer electronics market, competition is at an all time high. With new technologies emerging constantly (3D TVs), it has become increasingly important to be the first and most innovative company. According to Yahoo Finance and MarketResearch. com, in 2014 the consumer electronics market is forecasted to have a value of $289. 5 billion, an increase of 14. 1% since 2009. SWOT Analysis Strengths: * Founded in 1946, Sony has become one of the well-known brands in the consumer electronics market. * History of innovation. From the Walkman to the Blu-Ray disc. * The Playstation, a home gaming system, is one of the company’s most popular products on the market. The Playstation been successful since inception and still has tremendous consumer demand. According to TechCrunch. com, sales of the Playstation 3 reached over $70 million in cumulative sales since its inception in 2006. * Not only is Sony in the consumer electronics market, but it has its own recording label and Sony Pictures Entertainment, which produces television and films. Weaknesses: * The high cost of media production has affected Sony’s pricing strategy. As a result, the company is losing an increasing amount of money and market share. * Too much diversification. Many consumers are confused as to what Sony produces. With music labels and entertainment/film studios, Sony has shifted from its core competency as a consumer electronics brand to a brand with too many forks in the fire. Opportunities: * To integrate its product line, Sony can take advantage of both its music and entertainment ventures and incorporate their gaming systems to deliver value added content. * Since Sony’s acquisition of $645 million in Olympus, Sony has the opportunity to enter the healthcare industry. Olympus has a 70% global market share in endoscopes. Since Sony provides image sensors to Olympus, Sony could benefit even more by acquiring these stakes. Threats: * Price competition from competitors such as Apple, LG, and Samsung * Hackers have been known to invade the Playstation network, which resulted in stolen customer information such as credit card numbers and addresses. Objectives Sony’s objectives focus on society and reducing impact on the environment. Reducing the impact on the environment includes all parts of RD, especially finding ways to reduce waste in product packaging and distribution. Sony believes in full disclosure of product information and performance of the company. Marketing Strategy Sony’s marketing strategy includes invigorating a brand that was once so popular in the market. Creating solid customer loyalty is also a large part of the Sony marketing plan. Action Plan Sony has developed a series of slogans over the years including â€Å"The One and Only,† â€Å"It’s a Sony,† and â€Å"Like No Other. † Currently Sony’s slogan is â€Å"Make. Believe. † The current slogan is representative of Sony’s commitment to reinvigorating the brand. It wasn’t until 2009 that Sony launched its first advertisement. Sony has used several celebrities in their marketing strategy in the past. To show how real 3D looked, Sony used Peyton Manning and Justin Timberlake targeting both sports fans and music fans alike. Slogans like Sony’s make consumers believe they are purchasing a product that is superior to others on the market and helps consumers to develop a deeper brand loyalty. To increase market share and awareness, Sony continues to use popular celebrities to endorse their products. From Taylor Swift to previously mentioned Justin Timberlake, Sony understands that targeting younger consumers leads to a deeper brand loyalty. Financial Projections In Quarter 2 of 2012, Sony slashed its financial forecast due to slow game sales and less than stellar sales of its new gaming system, the Playstation Vita. The original forecast was projected at 16 million units sold of both Vita and Playstation Portables worldwide. Today, Sony has cut that projection by a large amount, down to just 10 million units by March 2013, which will result in a total financial loss of $198 million Implementation Controls Implementation control is designed to assess whether the overall strategy should be changed in light of unfolding events and results associated with incremental steps and actions that implement the overall strategy. † After the security breach if Sony’s Playstation, Sony launched a â€Å"Welcome Back† campaign after countless customers private information was hacked. Sony presented customers with 4 new games to show their appreciate for their loyalty during the hacking. Summary Analysis Sony is diversified in the market both in consumer electronics and those for professional use; this leads to a tremendous opportunity for growth. Sony also focuses on a wide variety of products from cameras to gaming systems, which could lead to domination of the consumer electronics market. Sony however, is not doing very well in marketing their products to the consumer. They are too diversified in comparison to successful companies such as Apple, who stick to a few products in the same realm and have created tremendous customer loyalty over the years. Sony seems to be confused on what to do, whether to be in consumer electronics or marketing towards professional markets. Sony should focus on one market in order to gain profits and develop a stronger following. How to cite Sony Marketing Plan, Essay examples

Sources of Finance Disney

Question: Discuss about theSources of Financefor Disney. Answer: Introduction Many different sources of finances are available for the business enterprises for the purpose different activities. Finance sources can be selected using the amount of finance required for particular business activity and also time period for which capital is required plays an important role. While looking for the external sources of finance it is important to check the risk associated with sources of finance that has been selected. Leverage amount is also to be considered in every source of finance before selecting any option. In this report, discussion will be made on various sources of finance available to Disney for the purpose of expansion. Sources of Finance for Disney As per sources of generation there are two main sources of finance, Internal and External. Internal sources of finance can be retained profits, owners capital and sale of fixed assets. External sources of finance can be bank loan or overdraft, issue of common or preferred shares, leasing, hire purchase, and trade and issue of bonds or debentures (Mayo, 2011). In order to finance for expansion purpose, Disney must look for external sources of finance as expansion programs requires huge investment and it is not possible to generate that much amount from current business that helps in expansion project. External source of finance is the method used in business to generate the funds from various sources outside the business context. Shareholders Capital It is one of the most frequently used sources of finance and most of stock exchange listed companies make use of them. In this method, company makes an initial public offer for their common shares at fixed price that can either at discounted price or premium price. These shares can be taken by the public and they become shareholders after the allocation have been made to them. In other words all the shareholders that have invested in the common shares issued by the company become the owners of the company. In this source of finance company is not bound to pay the leverage amount but to maintain the creditability company pays the dividend to their shareholders from the profit left after deduction of all expenses. The major disadvantage of generating the funds through issue of common shares is that it takes months to complete the process of issue of shares and public invest only in those companies that high rate of return and maintains low risk. This source of capital is permanent in n ature and only requires to repayment at the time of wide up of company or repayment of issued capital. Disney Company is already listed on the stock exchange and it requires expanding the business, so it is easy for the company to generate the required amount through making the right issue or IPO for fresh shares. Financial Loan from Banks or Financial Institution It is most easy and expensive source of finance as it links directly to the source person. Here source of finance are banks and other financial intuitions that sanction the required funds on the basis of credibility of company and various other aspects (Rigby, 2011). This source of finance is expensive because it requires payment of interest at fixed rate of interest at regular interval. Disney Company needs finance for the expansion of business activities at any other location or any other country, so it requires large amount of finance at lowest interest rate with flexible tenure period. As the creditability of Disney Company was maintained, so it is easy for the company to finance the loans from the banks at low interest rate if possible. Debentures and Bonds Issue of debentures or bonds is another way of finance the capital but requires payment of fixed rate of interest known as coupon rate. In this source of finance funds can be raised through issuing the debentures or bonds in the market. These bonds can also be issued in the favor of financial institution in lieu of equivalent amount of loans (Megginson and Smart, 2008). Bonds can be divided as secured or unsecured. Secured bonds are those bonds that charge on the asset of the company and carries low interest rates where as unsecured bonds are those that issued at high interest rate but they have no charge on assets of company. Disney Company can raised debt capital through issue of bonds of equivalent value that is required for investment in expansion program. Conclusion It can be concluded that there various sources of finance available to the Disney Company and it is the duty of finance manager to chose the best alternative through making the analyzing of the all the available sources of finance. References Mayo, H. B. 2011. Basic Finance: An Introduction to Financial Institutions, Investments, and Management. Mason: Cengage Learning. Megginson, W. L. and Smart, S. B. 2008. Introduction to Corporate Finance. Mason: Cengage Learning. Rigby, G. 2011. Types and Sources of Finance for Start-up and Growing Businesses. Britain: Harriman House.