Business processes are described as being either primary processes or support processes. Compare and contrast each type
Question:
Business processes are described as being either primary processes or support processes. Compare and contrast each type of business process. Explain as part of your answer why either type of business process can be critical for an organization for achieving its strategic objectives.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Auditing Assurance And Risk
ISBN: 9780324313185
3rd Edition
Authors: W. Robert Knechel, Steve Salterio, Brian Ballou
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Read and answer the question below. EMBRACE DEMOGRAPHICS AND SOCIETAL CHANGES Using Differences to Drive Value Force 7: Demographics and Societal Changes. One of the most important forces that is...
-
The emergency room of the community hospital in Farmburg has one receptionist, one doctor, and one nurse. The emergency room opens at time zero, and patients begin to arrive some time later. Patients...
-
On May 1, 2016, Meta Computer, Inc.. enters into a contract to sell 5,000 units of Comfort Office Keyboard to one of its clients. Bionics, Inc.. at a fixed price of $95,000, to be settled by a cash...
-
Why should everyone study accounting whether they are going to be an accountant or not?
-
Distinguish between power, authority, and leadership and give some examples of each.
-
Dalton Company reports the following operating results for the month of August: Sales $300,000 (units 5,000); variable costs $210,000; and fixed costs $70,000. Management is considering the following...
-
SQL Server has different security models for users connecting to a database. The DBA has the ability to use a SQL Server login or a Windows login. The Windows login can be a user or a group with...
-
What is a value chain? Examine the sample value chain presented in Figure 6-3 and describe how breakdowns in various parts of the value chain can affect management assertions about classes of...
-
Why should auditors develop an understanding of business processes? What impact does such understanding have on the ability to conduct an effective and efficient audit of the financial statements?
-
Perform the following conversions. a. 100.0C to kelvins b. 100.0C to kelvins c. 100 K to degrees Celsius d. 300 K to degrees Celsius
-
Define vacuum efficiency and condenser efficiency.
-
Differentiate between load and effort.
-
What are the effects of air infiltration in condensers ?
-
What is a reversible machine ?
-
What are the sources of air infiltration in condenser ?
-
Prove from Ackeret theory that for a given supersonic airfoil shape with sharp leading and trailing edges and a given thickness, the minimum-thickness drag occurs for a symmetric double-wedge shape.
-
A line l passes through the points with coordinates (0, 5) and (6, 7). a. Find the gradient of the line. b. Find an equation of the line in the form ax + by + c = 0.
-
Power Company manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $432,000 payroll for 4,800 direct labor-hours. Listed below is cost...
-
Use the graph to answer each part. K (a) List all the even vertices and all the odd vertices. Click on "None" as needed. List of the even vertices: List of the odd vertices: (b) List all vertices...
-
Mitre Company acquired Midwest Transportation Company for $1,399,100. The fair market values of the assets acquired were as follows. No liabilities were assumed. Equipment Land Building Franchise...
Study smarter with the SolutionInn App