Reference libraries consist of a database populated with company specific policies and procedures in addition to authoritative audit, tax, and consulting rules. Having this database accessible by the web or CD saves the auditor time thereby increasing productivity. Last, document management is made easy with audit productivity software. An auditor can store documents such as
Computerised accounting system can benefit small business because all the transactions can be made by computer. Small business owners face the task of ensuring their accounting procedures are as accurate and efficient as possible. The best method they could use is computerised accounting system that can help them to record transactions more quickly than any manual processing. Complexity, value and volume Computerised accounting system can benefit them because it is an automatic document production, speed, accuracy and update information. Cost savings can be computerized accounting programs reduce staff time doing accounts and reduce audit expenses as records are neat, up-to-date and accurate.
Type of research | Advantage | Disadvantage | Primary research method Survey | Surveys are easy to develop. They can be administered remotely via online, mobile devices, mail, email, or telephone. They are free; you don’t have to pay to do surveys. Numerous questions can be asked about a subject, giving more information for data analysis. Able to collect data from a large number of respondents.
The package was much more affordable and had a rapid return investment compared to QuickBooks. The software was relatively easy to learn for new users. It was a simple system that provided consistency and effectiveness for associates. The application greatly improved sales, finance, purchasing, inventory, manufacturing, and provided a up-to-the-minute view of business transactions. 3.
The internet has three main advantages compared with traditional retail outfits- these are: 1. Convenience- shopping online saves time including travel time, the cost of the park charges and the hassle of standing in the queue at the checkout. 2. Choice – have the ability to access to a massive range of products and services from all over the world, this can be gained through using the internet for shopping. This is the by the far the biggest advantage over the internet.
This is further encouraged due to the fact that there is cheap labour in LEDC’s so TNC’s are likely to move over there. They then need communications to contact HQ in a MEDC. This also increases shrinking world. The invention of the internet as allowed large amounts of information to be stored and distributed across the world. The internet is much quicker than any other form of communication and is also very cheap.
4. Is ECCO following the inside-out or outside-in strategic perspective? What are the implications of this choice and how can ECCO increase their sales/marketing efforts? * Inside-out strategy: which is an internal oriented strategy. This strategy emphasizes the company’s ability to utilize its existing internal resources and focuses on streamlining operation through proper sizing and cost reduction.
For example, the type of industry the business is operating in or the risks involved into entering new markets. These strategies can be linked to The Ansoff Matrix also known as the Ansoff product and market growth matrix is a marketing planning tool which usually aids a business in determining its product and market growth. This is usually determined by focusing on whether the products are new or existing and whether the market is new or
TLIP4001A ASSESSMENT ACTIVITY 1: How can examining future opportunities and directions help towards the contribution of a shared vision and values for the workplace, and the shaping of business goals and objectives? A customer service delivery plan is a strategic and tactical plan for achieving marketing objectives. It is a detailed document that determines how new business will be acquired and how the existing customer base will be maintained and strengthened. Customer service delivery plans are not just about targets and how to achieve/exceed these targets. ASSESSMENT ACTIVITY 2: Why is it necessary, as part of the planning process for customer service teams, to review previous performance and successful approaches and to identify factors affecting performance?
Cloud Computing provides a simple way to access servers, storage, databases and a broad set of application services over the Internet. Cloud computing offers a lot of advantages and it is been an excellent choice of Amazon’s to put it in place and offer it. An advantage is that Instead of having to invest heavily in data centres