Week 4 Assignment – Number Cruncher Versus Strategic Thinker
How will this impact sales, accounts receivable, cash flow, expenses (especially bad debt), and so on? 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?
Identify at least two issues you want to change in the company and explain the impact of the change on the company’s financial reports. Include examples.
Identify at least two financial reports related to your proposed change and explain how your use of this report will influence your decision making. Provide examples.
Identify at least two processes not directly related to accounting and explain how they will be impacted by the proposed change. Include examples.
Analyze the influence of a financial report on decision making related to an organizational change.
