Business Report on Electronic Circuit Board Plc Essay

Electro Inc. is fast developing company which strive to build a high tech wonder company image, it also has clear market segmentation and specific strategies to penetrate this segment. However, in recent report, the company’s financial statement indicates that the company experience financial difficulties at this moment. Some managers believe that this difficulty is largely due to two projects – Series A and Mercury. In this case analysis I will examine these two projects and make some recommendations for the company’s management as a whole.

Management accounting is for commercial finance, analyzing past performance and projecting future results aiding in the commercial decision-making. This department defines and measures key targets needed to achieve for McDonald’s business strategy to be successful (McDonald’s Corporation, 2008).

What is a budget? A budget forecasts the financial results and financial position of a company for one or more future periods. A budget is used for planning and performance measurement purposes, which can involve spending for fixed assets, rolling out new products, training employees, setting up bonus plans, controlling operations, and so forth (Bragg, 2017).

* A broader capital base gives the company more access to credit which gives the company an option to venture into new business opportunities

The management of the Telebox Corporation will have to come up with measures such as the use of low grade solders, the use of technology that will address the wastage of wires when a roll of 30 cm is purchased by the company, going for a supplier that sells the circuit board at a lower cost and automation of the organization’s operations to reduce the costs associated with labor. The reduction in the cost gaps will end up leading to the increase in the profitability and productivity of the Telebox Corporation.

The company is also increasing its market share continuously through mergers and acquisitions. These lead to synergetic advantages. The modified portfolio makes it to be better equipped to serve the people.

c. Ensures efficient use of resources by making significant investments in the positions that provide the greatest opportunity for improvements in business performance.

Budgets are used by businesses and individuals to ensure that the end result is positive. A budget is basically a plan used by businesses and individuals to ensure enough money is available for current and future commitments and

The purpose of setting a budget system is to briefly forecast a company’s performance in the following year, and it can also be a result control system that makes people in the corporation work properly to achieve the objectives and give them incentives by bonus related to performance. From this point of view, the budget system should be reasonable, achievable, and also have some challenge to ensure the hard working.

The financials for Clipboard Company since 2011 indicate the financial progress for use when addressing factors that can cause the company to continue making profits or to fail. Currently, the company offers three technological devices specifically tablets under the names X5, X6, and X7. The three products have been in the market for different times as they were developed and introduced into the market at various times. X7 is the youngest product and apparently retails at the least price. However, it has not picked as expected in the market. The primary company 's objective is to maximize revenues by varying the prices of its commodities and undertaking research and development. However, the most beneficial strategy on the

Net profit needs to increase along with simultaneously increasing return on investment and cash flow. Now all that is needed is to put his specific operations in those terms.

Management accounting is designed to be more of an internal control than an external control. What is meant by an internal control is managerial accounting is designed more for a work center or specific department within a business. Reports are created to assist managers in determining what the best path would be for their specified work area. The accountants that are focused in managerial accounting will be generating daily, weekly, and/or monthly reports assisting the managers to gain insight on any changes that need to be made whether it’s with employee hours to be used or pricing of inventory for profits. The reports that are developed simply to help provide a pathway guiding the manager’s decisions. Managerial accounting doesn’t simply apply to lower level management. Upper management will also use the reports from managerial accountants to identify if there are any trends in sales whether up or down, budget requirements, consolidation reports, and any studies that may have been accomplished. The big difference between managerial accounting and financial accounting is managerial

The Company has noted that, in addition to making disciplined decisions regarding capital allocations, focus has been maintained on expense control, resulting in higher returns on invested capital and allowing for a return of value to shareholders through $7.0 billion in share repurchases and $2.5

Since managerial accounting is intended for different recipients than financial accounting, the type of information needed and used in managerial accounting is different. Managerial accounting involves cost management, activity management, and investment management. Cost accounting is a shared input between financial and management accounting. The information

A budget is a financial statement which is an estimate of income and expenditure of a set period of time, which may include planned revenues, expenses, assets, liabilities and