c. Due to lack of standard data definitions, “several versions of truth” could be extracted from the IW depending on the way of extraction. d. The data model in IW did not reflect the data requirements of business, and some data was simply not available as many independent data sources were not included in IW. e. The staff didn’t have the right skills for the future programs. The corporate goal to “become a top quartile performer in the market sector as measured by total return to shareholder” led to the development of IT strategy in February 2003. The three strategic IT imperatives identified were better alignment to business, Cost control and Standardization.
What are the information states? Storage, transmission and processed What are the security measures? Technology, policies, people Define confidentiality as it relates to the McCumber Cube. Prevent the disclosure of sensitive information from unauthorized people, resources, and processes Define integrity as it relates to the McCumber Cube. The protection of system information or processes from intentional or accidental modification Define availability as it relates to the McCumber Cube.
➢ Is the company highly leverage? ➢ References about upper level management should be assessed. ➢ As the first year Auditing team prior year audit paper needs to be looked at ➢ Reviewing the board of director minutes. ➢ Was there undue time pressure imposed by management to resolve complex issues? ➢ Was there weak Internal Audit function?
The first is corrupted data; data that can be altered and second is lost data; which is self-explanatory. The company should also focus on how to construct their network and how corrupted and lost data should be applied during the planning process by implementing the following prevention, detection, and data correction (Fitzgerald 122). When it comes to data communication noises can play a factor. The company needs to familiarize themselves with the different types of noise that can be cause and the type of circuit, analog or digital that relates to network errors (Fitzgerald 122). Knowing which circuit they will be using will provide them with the type of noise that will play factor and how to correct and improve on it.
Discuss some scenarios. BP was having difficulty managing so many contractors and ensuring that value was being delivered. It’s difficult to maintain control of the IT department when half of them don’t actually work for the company. When a company needs to focus on its business it might be wise to use contractors to address IT issues not directly related to business or that are out of their technical range. Companies shouldn’t outsource core business processes or any aspect that contains proprietary information.
AO1 – Explain and interpret features of a business organisations profit and loss statement In this report I will be analysing and writing about Whitbread PLC’s 2001 to 2002 and 2002 to 2003 profit and loss statements. In this report I will also be explaining and analysing the features of a profit and loss statement such as: * Turnover * Expenditures * Cost of sales * Gross profit * Opening and closing stock * Materials * Depreciation * Group operating profit * Net/Profit loss on disposal of fixed assets * Profit and loss before interest * Profit and loss before tax * Profit and loss after tax * Profit and loss for ordinary shareholders * Retained profit What is a profit and loss statement? A profit and loss statement is a financial statement which summarises what comes and goes in and out of the business account over a specific period. Monthly or annually is the most common period of time in which a profit and loss statement can be done. What’s the purpose of a profit and loss statement?
The vertical analysis of the income statement reports amounts as a percentage of sales. The restated amounts are known as a common-size income statement, horizontal analysis concentrate more on the reported numbers on the financial statements over the past years. The Balance Sheet and the Statement of Income are very important, but they don’t provide enough information for a financial management. The Ratio Analysis in financial statements is to analyze progress of the business. Ratio Analysis enables managers to compare its performance and condition with the average performance of similar businesses in the same industry.
In-source Centralized Transportation Management Services –The current survey across business units shows that employees are not satisfied with centralized management services provided by FedEx, so the centralized transportation service should be given to new World Wide Logistic Group in phases. In-sourcing should be done in phases as World Wide Logistic need to leverage techniques from FedEx, and some business units might be heavily dependent on FedEx. In the initial phase worldwide logistic group should work along with FedEx and leverage its best practices as much as possible, and then slowly phase out FedEx services. 3. Outsource On-Site Transportation Services (short-term) and Warehousing – Deere employee survey shows that employees are really happy with the On-Site Transportation services and Warehousing.
Cognitive psychologists believe that mental processes and stored representations of the world determine behaviour and are central to human experience. Psychologists see the mind as a complex machine – where they believe that it is useful to model mental processes using an information-processing approach whereby: Information is examined from the outside world is received and encoded, Storage and representation of this information to ourselves, Ways in which this information is manipulated and used by the individual, And how we output information back into the world to be received by others. Many
Case 3 Newcastle Division Topic: CVP, Probabilities and Target profits A meeting of senior managers at the Newcastle Division has been called to discuss the pricing strategy for a new product. Part of the discussion will focus on the problem of forecasting sales volume. In the last year a significant number of new products have failed to achieve their forecast sales volumes. The financial accountant has already stated that the profit for the year-end will be lower than budget and the main reason for this is the disappointing sales of new products. A new technique for estimating the probability of achieving target sales and profits will be discussed.