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2 pages/≈550 words
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APA
Subject:
Accounting, Finance, SPSS
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Number Cruncher vs. Strategic Thinker. Accounting, Finance, SPSS Essay

Essay Instructions:

PROJECT 1: NUMBER CRUNCHER VS. STRATEGIC THINKER
It's one thing to be able to look at a Financial Report and analyze it using ratios and comparisons. However, keep in mind that when you do that, you are studying historical information. Your true value as an accountant will come if you can use that historical information to make future projections and decisions involving change.
For this project, you will take a set of financial reports from a fictional or real company, and try to determine what would happen if something changed within the company. You will identify something you want to change, and then try to determine the impact of that change.
For example, suppose you want to grow the company’s sales by extending credit to more customers. How will this impact sales, accounts receivable, cash flow, expenses (especially bad debt), etc.? Once you determine that, how will it ultimately impact the Balance Sheet, Income Statement, and Statement of Cash Flows? How will it impact your key ratios? What non-accounting information (such as training staff in new processes) might be impacted?
Some other examples could be: what happens if you reduce payroll (a very common thing these days), or reduce inventory (to move to more of a real-time inventory system), or make a significant capital purchase? What would be impacted?
For Project 1, write a 2-3 page paper in which you:
Identify something you want to change in the company and identify and explain the impact of the change.
Identify a financial report related to your proposed change and explain how your use of this report will influence your decision-making.
Identify how information or processes not directly related to accounting will be impacted by the proposed change.
Cite at least one reference other than your textbook which supports your rationale.
Note: Wikipedia and other websites do not qualify as academic resources.

Essay Sample Content Preview:

Cruncher Vs Strategic Thinker
Student Name
Instructors Name
Date
As the new accountant of the Glazers Company, I’ve come to notice that the company is headed towards a direction that doesn’t seem to have a positive impact. As much as there is nothing to be really concerned about at the moment, if the current trend continues, the company will go into an almost state of bankruptcy and over dependency. Basically what I’m trying to say is the current years’ financial report shows that the company has started getting into unnecessary debts and sales are starting to reduce at an alarming rate(Harington,2016).
After going through previous financial reports over the past 8 years, I’ve noticed that the company’s net profits have always incurred an increase of nothing less than 12% apart from only once when the profits were only at 9%.In my experience as an accountant over the past 15 years, I’m projecting the company’s net profit for this financial year will have nothing more than 7% if the trend continues the way it’s happening. I’m ready to propose some measures that ill at least try to salvage something more than what is my expectations based on the current financial situation.
Firstly I’d like for the company to call on all its majority shareholders and ask them to kindly increase the investments on the current shareholders. It would specifically be a boost if those members who at least own more than 4% of the company’s shares invested more capital with the company. What this will help with is that the company will be able to obtain more cash to finance its projects and expand its operations while at the same time giving those who invested in buying more shares earn more dividends when the value increases (Harmon, 2014).
Another proposal is to reduce the company’s commercial spending. I’ve noticed that the previous accountant was doing a shady job in regards to balancing of the books. For instance, the issue of tenders being awarded has really forced the company to incur unnecessary costs. Most of the suppliers being awarded the huge tenders are being overpaid. There are supposedly ‘ghost suppliers’ whereby money is being paid to people who don’t e supply anything to the company. By reducing the unnecessary spending and accounting for all tenders being awarded, my projection is tha...
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