Project Development and Control (Unit 5009) By: AJS Tutor: AM Table of Contents Introduction 2 Task 1 2 Describe the component stages of a project 2 Define a project lifecycle from conception to commissioning or hand over 3 Assess where projects fit in operational management activities 4 Task 2 5 Discuss standard approaches available to manage projects 5 Describe the process of developing an effective project management environment 6 Discuss identification of and communication with all project stakeholders 7 Identify the fundamentals of a business case to support a project 8 Task 3 8 Design a project plan to achieve a specified objective 8 Identify the financial components including a risk appraisal, which need to be developed for effective project design and control 9 Task 4 9 Construct a monitoring and review strategy for the project that assesses the impact and achievement of the project 9 Summary 10 APPENDIX 1 11 APPENDIX 1 14 References 14 Bibliography 15 Introduction The Oxford English dictionary describes a project to be; “an individual collaborative enterprise that is carefully planned to achieve a particular aim: ‘a research project’ ‘a project to build a new power station’, ( where as PRINCE2 (Projects IN Controlled Environments) describes a project as; “A Project is a temporary organization that is created for the purpose of delivering one or more business products according to an agreed Business Case”, (www.prince2.com) Both definitions although slightly different, will aim to achieve the same thing, one or more ‘outputs’ that are delivered in a planned and controlled manner. This is a key consideration for any organization whether they are small with just a couple of employees, right through to being a multi-billion pound conglomerate as costs and profit margins are important for any
The various adjustments that are made to net income in arriving at net cash flow from operating activities. 10. The different tools of financial statement analysis, and how each tool is used, as well as the different names for certain tools of analysis. 11. The different ratios, why/how those ratios are used, and which external user is interested in a certain ratio.
What is the relationship between an operating and a cash budget? Why is it important for an organization to prepare a cash budget? According to "Cliffnotes.com" (2012), “The cash budget is prepared after the operating budgets (sales, manufacturing expenses or merchandise purchases, selling expenses, and general and administrative expenses) and the capital expenditures budget are prepared. The cash budget starts with the beginning cash balance to which is added the cash inflows to get cash available. Cash outflows for the period are then subtracted
Normally, a reconciliation is required between the proprietary fund financial statements and the business-type activities column in the government-wide financial statements. C. Statements include the Statement of Net Assets (Balance Sheet); Statement of Revenues, Expenses and Changes in Fund Net Assets: and Statement of Cash Flows. D. The Statement of Cash Flows may be prepared using either the direct or indirect methods. 7. Which of the following choices regarding the fiduciary fund financial statements is true?
Question : (TCO 3) What is the purpose of the closing process? (TCO 1) The SEC issues accounting standards in the form of accounting research bulletins. financial reporting releases. financial accounting standards. financial technical bulletins.
Include an abstract. A running head is optional. Analyze reporting requirements for private sector, not-for-profit organizations under Financial Accounting Standard Board guidance. Compare and contrast accounting practices between the two different assignments. ACC 548 Week 5 Learning Team Assignment Reporting Requirements M to purchase http://allmysolution.com/ACC-548_c119.htm Product Description One issue in accounting is the qualifications of an accountant when working for a client.
Cash flows statement is a summary pertaining to cash flow and outflows in detail of specific transactions within time periods. Classifying Transactions An individual account requires that either a debit or credit is recorded for each accounting transaction. Each
6-19 a) 2 b) 3 c) 1 6-20 a) 1 b) 2 c) 1 6-27 a) The implied or expressed representations of management concerning classes of transactions and related accounts in the financial statements are referred to as management assertions. General transaction related audit objectives ensure that the auditor has the flexibility to decide which audit evidence will be appropriate to satisfy management assertions. The specific transaction related audit objectives are objectives of each material class of transaction developed after the general transaction audit objectives have been determine. The relationship among these three concepts is the occurrence, completeness, accuracy, classification timing and post and summarization assertions.
Understand the internal control over that cycle or account 2. Assess the planned control risk for that cycle 3. Decided the extent of testing controls that are based on the planned reliance on the internal controls over financial reporting for the client 4. Design “tests of controls and substantive tests of transactions” (Arens, Elder, & Beasley, 2012) for an account to meet transactions-related audit objectives. “The design of tests of controls and substantive tests of transactions” (Arens, Elder, & Beasley, 2012) involve determining the specific audit procedures to be performed, the sample size, items to be selected and included in the sample, and timing of the tests.
Unit 1: Business Environment ASSESSMENT: 1 ASSESSOR: MR.RAZA SUBMITTED BY: BMM TAMJID OXF 0081 TABLE OF CONTENT page LO1: 1.1 Identify the purposes of different types of organization 1.2 Describe the extent to which an organization meets the objectives of different stakeholders 1.3 Explain the responsibilities of an organization and strategies employed to meet them LO2: 2.1 Explain how economic systems attempt to allocate resources effectively 2.2 Assess the impact of fiscal and monetary policy on business organizations and their activities 2.3 evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization. LO3: 3.1 Explain how market structures determine the pricing and output decisions of businesses 3.2 Illustrate the way in which market forces shape organizational responses using a range of examples 3.3 Judge how the business and cultural environments shape the behaviour of a selected organization. LO4: 4.1 Discuss the significance of international trade to UK business organizations 4.2 Analyze the impact of global factors on UK business organizations 4.3 Evaluate the impact of policies of the European Union on UK business organizations. UNIT: 1 INTRODUCTION: The term Business Environment is composed of two words ‘Business’ and ‘Environment’. In simple terms, the state in which a person remains busy is known as Business.