Evaluate the Output of the Process and the Quality Gateways

Module: Financial Management and Control Unit: Sources of Finance and Costing Concepts Lesson: Long-Term Sources of Finance  © Resource Development International Ltd. (RDI) 2009 Long-Term Sources of Finance Introduction Page 1 of 7 Accounting is an essential function in any business - whether it is a sole trader or a multinational corporation. It involves two key concepts: Bookkeeping - where a detailed recording process is used to identify every financial transaction that takes place involving an organisation. This is a painstaking process requiring an excellent eye for detail, and measures the financial effects of economic activity. Financial reporting - where details of the financial activities of an organisation are†¦show more content†¦ The above involves participation in management to ensure that there is effective formulation of plans to meet objectives (strategic planning); formulating of short-term operation plans (budgeting/profit planning); acquisition and use of finance (financial management) and recording of transactions (financial accounting and cost accounting); communication of financial and operating information; corrective action to bring plans and results into line (financial contrit e; reviewing and reporting on systems and operations (internal audit management audit). The next section discussed the competitive environment for which the management accountant provides information. End of Page 1  © Resource Development International Ltd. (RDI) 2009 Long-Term Sources of Finance Page 2 of 7 Every organisation will need to have an adequate amount of financial strength to carry out the activities that form the business operations. The sources of such funding are discussed in detail in this lesson, but before embarking on the discussions consider the different types of funding that a selection of organisations might require. Think about some different types of organisations. What would be their key sources for funding? To what purposes would this funding be put? Do youShow MoreRelatedAssignments: Managing Business Activities to Achieve Results1060 Words   |  5 Pagesimprove their effectiveness and efficiency and achieve the desired results for the business. Learners are encouraged to consider the importance and interrelationship of business processes and the implementation of operational plans, together with quality systems and health and safety, in achieving satisfactory results. †¢ Learning outcomes On successful completion of this unit a learner will: 1 Understand the importance of business processes in delivering outcomes based upon business goalsRead MoreManaging Operational Activities to Achieve Business Results2427 Words   |  10 PagesDocumentary - BMW Quality Processes http://www.youtube.com/watch?v=OPSCh3Ys_B8 National Geographic – Megafactories Doc BMW / Mini Quality http://www.youtube.com/watch?v=kk98q1N4XXI 3. Recommended Learning Weblinks: www.bsieducation.org (British Standards Institution) http://www.bmwgroup.com (BMW Education) http://www.wincanton.co.uk (Supply Chain Management) www.times100.co.uk (Times Resources) http://www.quality-foundation.co.uk(UK Quality Foundation) http://www.efqm.org/ (EU Foundation Quality ManagementRead MoreManaging Business Activities to Achieve Results Essays723 Words   |  3 Pagesappropriate systems to improve organisational performance 4 Be able to manage health and safety in the workplace. 1: 1.1 evaluate the interrelationship between the different processes and functions of the organisation 1.2 justify the methodology to be used to map processes to the organisation’s goals and objectives 1.3 evaluate the output of the process and the quality gateways 2: 22.1 design plans which promote goals and objectives for own area of responsibility 2.2 write objectives, whichRead MoreOnline Hotel Booking System1699 Words   |  7 Pagesmay now proceed to Chapter 2 and 3. Find time to visit me in the office for further consultation for the better improvement of your research. Chapter 1 INTRODUCTION Situation Analysis â€Å"If you want to impose change into something, you have to evaluate first where it stands at the moment. That’s the only way you could completely understand the needed improvement.† As you walk in the lobby, embrace the warm welcome and smiles of the staff and feel at home. From friendly and courteous staff to upscaleRead More1.Introduction. An Understanding Of Modern Operations And1883 Words   |  8 Pagesoperations and process management is a vital attribute of any successful and repeatable business. Understanding the flow of work provided, how the transformation of the relevant inputs turn into outcomes that meet the needs of various customers is key to being able to effectively change and adapt to the ever-evolving modern marketplace. This paper will cover a key process in the consulting business of Genesis Solutions, a management consulting company, and in doing so, will analyse and evaluate the fiveRead MoreDcsn Case3434 Words   |  14 Pagestechnology into their systems. They were capable of figuring out the importance of having information which is aligned with their business data. Enhanced data sharing would allow the company to meet order demand an d deliver on time with the highest quality. The Chief information officer of the company explained to the Chief executive officer that instantaneous gains can be grasped by integrating IT into the Supply Chain System of the enterprise. He also reported three types of meditation implementationRead MoreMis Essay6246 Words   |  25 Pagesrepresenting events occurring in the organization before they are organized into an understandable and useful form for humans.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   An Information System can be defined technically as a set of interrelated components that collect or retrieve, process, store and distribute information to support decision making and control in an organization. A system which assembles, stores, processes, and delivers information relevant to an organization or to a society, in such a way that the information is accessibleRead MoreThe Components Of Lifecycle Of Network Security812 Words   |  4 Pagesillegal information gathering 7. Deliberate software attacks: virus, worms. 8. Deviation in quality of service: power etc. 9. Forces of nature: earthquake, fire etc 10. Technical H/w failures: equipment failure 11. Technical S/w failures: bugs 12. Technological obsolescence. o cts of tThere are three general approaches to threat identification; †¢ Attacker-centric: starts with an attacker, and evaluates their goals, motivations, and how they might achieve them. †¢ Software-centric or design-centric:Read MoreManaging Business Activities to Achieve Results4468 Words   |  18 Pagesimportance of business processes in delivering outcomes based upon business goals and objectives LO1 Evaluate the interrelationship between the different processes and functions of the organisation 1.1 Justify the methodology to be used to map processes to the organisation’s goals and objectives 1.2 Evaluate the output of the process and the quality gateways 1.3 Be able to develop plans for own area of responsibility to implement operational plans LO2 Read MoreA New Community Based Policing Program1037 Words   |  5 Pagesagainst the police department. PERFORMANCE MEASUREMENT: Measurements Measure Target Input: Cost of training per student, two police officer vehicles, salaries and benefits. As budgeted, excluding office space already provided by the Police Department Output: Number of students in training 100 students per year Outcome: Change in students’ proficiency in the area of community policing and law enforcement techniques. Thus, improving training for future generation of law enforcement officers in the City