ACCOUNTING INFORMATION SYSTEMS Essay Example | Topics and Well Written Essays - 500 words

ACCOUNTING INFORMATION SYSTEMS - Essay Example Information security controls mostly advices on how to ensure the database of the company is safe, and the passwords are strong enough. This article will reflect the ISC found at NT Company. The company is run by the owner together with his wife (co-worker). Records are kept well showing the descriptions matching the price of every product in the company’s database for proper control, and a very systematic way of running the company smoothly. However, there is a weakness of tracking the records of the company because the owner admitted she is not on top as far as keeping track and keeping a list of the inventories. For any business to thrive there has to be a well kept record in the business for all inventories. Additionally, there is segregation of duties that has aided in easing the operation of the company. Most of the purchases are done by the owner of NT. Quality goods are bought, and this ensures that the customers are satisfied with the goods. Amazon had earlier issued a password to them where they made small changes to the password. There is no proper application of policies related to passwords. Guessing this password is not a difficult thing to those who has hidden agendas. The risk of interfering with their security is very high. Maximum protection can be increased if all passwords in the company are update and changed to stronger ones. Current technology is being used in running the company hence promoting security of information as all records are kept in the computer, and the confidential information is sent to the company’s database. The use of QuickBooks establishes a proper way of controlling the cash, and this ensures no fraudulent action happens in the company as there are individuals who are accountable for every receipt. However, the owner admitted again that she is not on top as far as keeping track and keeping a list of the inventories. Most of the time, she use the check to pay the cost of

Finance for Managers Essay Example | Topics and Well Written Essays - 5250 words

Finance for Managers - Essay Example Conclusion 23 References 24 Introduction Lloyds Banking Group is regarded as one of the foremost groups of financial service that render its valuable services particularly in the UK. The group delivers its different services especially to personal and corporate customers. Lloyds was renamed in January 2009 after Lloyds TSB acquired HBOS, one of the banking and insurance companies of the UK, with a vision to become the best bank in the UK as compared to others. The group is viewed to be the largest retail bank operating in the UK with leading edge in many sectors in comparison with other banks prevailing in the UK. The group possess multiple brands that are served to its valuable customers which ultimately makes the group to enhance its productivity by a considerable level and accomplish significant competitive position over its chief business market competitors (Lloyds banking Group, 2012). This paper intends to critically analyse and assess the different sources of long-term finance that are currently used by Lloyds concerning a detailed discussion about the advantages as well as the disadvantages of each identified source supported with suitable calculations. Moreover, the paper also evaluates the approaches related with planning, control, performance management and financial decision making of the selected organisation. Various aspects such as evaluating the role of the Management Accountant in Lloyds and recognising a particular analytical technique that is used by this organisation that helps the organisation to make effective planning and decision-making among others will also be portrayed in this paper. Question 1 Identification and Assessment of long-term finance sources Used by Lloyds Banking Group Lloyds identify funding to be a key area of focus for its successful business performance. The group raises its long-term finance through executing various sources that include equity capital, customer deposits, wholesale funding and debt financing (Michigan Economic Development Corporation, 2009). The Advantages and Disadvantages of Each Source, Supported With Relevant Calculations Equity Capital The most important source of raising long-term funds for the financial institutions is the issue of equity shares. It has been apparently observed that Lloyds considers the issuance of equity shares as a p ermanent source of finance for them. This is owing to the fact that the issuance of equity capital has increased the group’s financial base as well increased its borrowing ability by a significant level. Being a financial institution, there might lay a probable chance of rising significant threat concerning that the issue of equity shares may reduce the ownership control of the existing shareholders and dividends payment can be reduced at large. In this similar context, the group strongly believed that the source i.e. issuance of equity shares would support it to mitigate the aforesaid threats (Michigan Economic Development Corporation, 2009). Customer/Public Deposits Customer or public deposits are also regarded as another important source of long-term finance for Lloyds. According to the group, customer or public