Tag: Essay

  • Highway Asphalt Pavement Construction Essay

    Highway Asphalt Pavement Construction Essay

    Asphalt Pavement Construction With the rapid development of the highway transportation industry, the scale of asphalt roads in the nation is getting larger and larger, and the number is also increasing. This also puts forward higher requirements for the construction technology and construction management of highway asphalt pavement. If the construction technology adopted in the construction process is not scientific and reasonable enough, or the construction management work lacks standardization. Then the overall construction quality of the project will also seriously affect it.

    Here are the articles to explain, Brief Analysis of Technical Management of Highway Asphalt Pavement Construction

    Therefore, the project construction and construction units should be deeply aware of the importance of doing a good job in the technical control and management of asphalt pavement construction, and should strictly follow the corresponding technical specifications and rules, and regulations to carry out various construction activities, and combine the actual requirements of the project with the entire construction Scientifically manage the process, do a good job in the construction technology control and management of each link and process, effectively improve the overall construction quality of highway engineering projects, and bring maximum economic and social benefits to the construction of my country’s highway transportation projects.

    This article discusses in detail four aspects: the significance of doing a good job in the technical management of highway asphalt pavement construction, the main problems existing in the construction of highway asphalt pavement in our country at the present stage, the main construction technology of highway asphalt pavement and the effective countermeasures for the technical management of highway asphalt pavement construction How to do a good job in the control and management of asphalt pavement construction technology in our country’s highway projects.

    Main Keywords: highway asphalt pavement construction; asphalt pavement; asphalt pavement construction; asphalt pavement repair; construction technology management; significance; problems; effective countermeasures

    Asphalt pavement construction is a key link in the construction of highway engineering projects in my country. Its construction quality has an important impact on the overall construction quality of highway projects and their performance after completion. To effectively improve the stability of highway operation and the overall carrying capacity. Construction Units should further optimize and improve construction technology and innovate existing technology application concepts and models. To enhance the economic and social benefits of highway engineering projects.

    Combined with the current construction standards for highway transportation projects. If it is a high-grade highway and main road, the service life of the asphalt pavement is usually about 15 years. And if it is a secondary road, the service life of the asphalt pavement is about 12 years. If the incoming quality of construction raw materials does not strictly control. Then the asphalt pavement will be prone to fatigue cracking over time when used in the later stage. And its repair and maintenance costs will also greatly increase. Therefore, in the construction process of asphalt pavement. It is necessary to choose asphalt raw materials reasonably, and strictly control their production quality. And strictly follow the corresponding standard procedures. When using various construction technologies to ensure the actual construction quality of the project.

    The significance of doing a good job in the technical management of highway asphalt pavement construction

    Fully guarantee the construction quality of highway asphalt pavement

    In the construction management of highway engineering projects. The control and management of asphalt pavement construction quality is the basic content. Only by scientifically controlling and managing the content of each link of asphalt pavement construction can the construction of highway pavement be more efficient. security and stability. When quality defects and safety problems occur during construction, the construction unit can rely on standardized construction technology and a perfect construction process to accurately find out the cause of the problem and formulate targeted improvement measures to ensure that the asphalt pavement is always in good condition. Under construction.

    The construction technology application ability and construction quality management level of the construction unit are the two key factors affecting the overall construction quality of highway asphalt pavement.

    First, the scientific and rational use of various construction technologies can provide technical support for the construction of asphalt pavement. Allocate various pavement construction resources and effectively manage them to ensure that the construction content of each link and each process can complete on time and with high quality, and give full play to the overall effectiveness of the construction unit;

    Secondly, carry out quality management on highway asphalt pavement When controlling activities, the subjective initiative of front-line construction personnel should further stimulate, and various construction activities should carry out by the corresponding workflow and parameter indicators, to ensure that there are no mistakes and omissions in the construction as much as possible, to ensure the comprehensive quality of highway asphalt pavement construction. Improve the provision of system and system guarantees.

    Effectively prolong the service life of highway asphalt pavement

    The service life of the asphalt pavement of highway engineering after it completes and put into use closely relates to the actual quality of the project construction stage. For highway traffic engineering projects in the nation, the pavement quality represents the overall quality of the project. Construction Units should pay more attention to the construction of asphalt pavement, and at the same time realize. That the scientific application of various construction technologies has an important impact on construction quality.

    If the construction unit cannot apply the relevant construction technologies of asphalt pavement construction more scientifically and standardized. Then The pavement is prone to quality problems such as cracks, settlement, and subsidence. Therefore, in the construction process of highway asphalt pavement. It is necessary to deeply analyze and study the construction techniques that can use. And choose new technologies, new materials, and new processes in the industry as much as possible. Detect the quality status of every link in the construction of asphalt pavement. To maximize the service life of asphalt pavement.

    Main problems existing in the construction of highway asphalt pavement in my country at the present stage

    The wide application of highway asphalt pavement provides more convenient conditions for ordinary people’s travel and vehicle traffic, and different regions have also established closer ties. However, from the actual situation, many highway asphalt pavements in my country are still under construction;

    There are certain problems, of which the following three problems are the most common:

    First

    The compactness of the asphalt pavement does not meet the relevant quality standards. The actual condition of the compactness has an important impact on the overall bearing capacity and deformation resistance of the pavement. When the compactness during construction does not meet the relevant quality standards, the construction of the next process will carry out, and the structural layer of the asphalt pavement will be more likely to damage by the outside world.

    The interfering factors of the pavement will damage and lead to the occurrence of cracks. And the overall service life of the pavement will also greatly reduce. When laying the asphalt mixture, if the key parameters of the mixture do not meet the specification requirements. The compactness of the road surface will also affect it.

    Secondly

    The flatness of the asphalt road surface is insufficient. Flatness is a key indicator to measure the actual construction quality of asphalt pavement. If the flatness is not up to standard, it will cause greater resistance to vehicle traffic. There will be more safety hazards during vehicle driving, and the driving speed will also greatly reduce. Insufficient smoothness can cause by a variety of factors. The most common of these are errors in operating equipment. Such as pavers or failure to mix the asphalt mix evenly.

    Finally

    Asphalt pavement is also prone to quality defects such as oil flooding, looseness, and segregation. During the construction of asphalt pavement, various construction technologies should scientifically manage. A slight inappropriateness may lead to quality problems. Such as not cleaning the edge of the pavement, not strictly controlling the temperature around the pavement during rolling operations, and spraying sticky water. Insufficient oil uniformity, etc., the edge of the surface layer of the road surface. And the asphalt concrete base below cannot tightly connect, and the strength greatly reduces.

    Additional

    Compared with the middle position of the road surface. The temperature of the mixture at the edge of the surface layer is much lower. So Quality problems such as oil flooding, looseness, and segregation of the road surface will appear subsequently. The construction quality of asphalt pavement will affect by various factors. Such as construction materials, construction equipment, construction personnel, and construction environment.

    Targeted management strategies should adopt according to the specific influencing factors during construction. Every construction link is inseparable from people. factor. Therefore, the construction unit should build a high-level construction team. Improve the professional skills and comprehensive quality of each construction personnel, and strengthen. Their sense of responsibility and quality management awareness. To ensure that they can master the construction technology and operation of the asphalt pavement Process. Do a good job in the quality control and management of asphalt pavement construction.

    Main construction techniques of highway asphalt pavement construction

    Mixing of asphalt mixture

    For the construction process of highway asphalt pavement, the first task is to select the appropriate asphalt mixture. The specific specification requirements of highway project construction should fully consider when selecting. AH-70 and AH-90 are the most common in the industry. Two asphalt models. When using the mixing technology of asphalt mixture, the staff should strictly control the key parameters. Such as the operating temperature, heating temperature, and mixing time inside the mixing chamber to ensure the mixing effect of the asphalt mixture.

    The asphalt mixture should be continuously stirred in a stable and uniform state. The thickness of the mixture should not be too different to ensure the stability of the material mixing operation. After the mixing of the asphalt mixture completes, it should sample and inspect immediately, and the specific indicators. As ductility index, softening point, and penetration degree of the mixture should check in detail to ensure. That all parameters and indicators are accurate before starting the next step. link paving work.

    The finished asphalt mixture should store in a special container, and effective insulation and waterproof measures should take for the mixture. During the mixing process, the heating temperature of the asphalt can appropriately increase. To effectively prolong the service life of the asphalt and avoid its occurrence. Aging quality issues. At the same time, the asphalt should dehydrate simultaneously during heating to avoid collision of the asphalt tank and causing more serious fire accidents. In general, the optimum temperature of ordinary asphalt mixture and high-viscosity asphalt mixture during construction should control within the range of 135-175°C.

    Paving of asphalt mixture

    The main measure of the construction quality of highway engineering projects is the actual quality of asphalt materials. So the construction personnel should classify and store all kinds of asphalt concrete separately to ensure. That their quality standards meet the requirements before entering the site for use. Targeted waterproof and moisture-proof measures.

    First

    The actual thickness of the asphalt surface layer should strictly control, and the thickness should test every 200m during the paving operation, and the data measured during the construction process should record accurately, and the paving should continuously be improved and optimized. Various parameters in the paving process, such as the specific ratio of paving, and the mixing ratio of materials. The amount of asphalt used, and the temperature during mixing operations;

    Secondly

    The uniformity of paving speed and the operation The continuity of the process prevents the external compression distance of the asphalt concrete during paving and restores the gap between the artificial asphalt pavement. During the operation of the paving equipment, a distance of about 10m must maintain during construction. When problems stand found, they should adjust in time and strictly Control the temperature of the asphalt mixture and the speed of paving to ensure the mixing effect of asphalt concrete;

    Third

    When compressing asphalt pavement, the three key parameters of initial pressure, back pressure, and final pressure should well control. The length of the step should control within 50m, and the thickness should not exceed 80mm. When using the road roller equipment during the operation, the pressure should apply uniformly from the outside to the inside. The initial pressure and the back pressure should be consistent. After the input is complete, the final pressure Checks the smoothness of the road surface immediately after repairing and repairing the problems in time to ensure that the smoothness meets the specific specification requirements.

    Rolling of asphalt mixture

    When rolling the asphalt pavement, the operator should strictly control the laying process of the asphalt mixture, and control the temperature and speed of rolling. If the asphalt mixture stands found to flatten during construction, then it needs to inspect. Compression processing. The main function of the road roller is to ensure the uniformity of the compression process but to effectively prevent the problem of early pressure slowdown, steel rollers should use during operation, and the tonnage should be less than 12t, to reduce the cracking of the mixed raft in the construction section as much as possible probability of the problem.

    After the initial rolling operation is complete, the construction personnel can use steel wheels or ordinary tires when operating the road roller to roll the road surface. However, during the operation process, the thickness of the construction and the service life of the road surface after completion must strictly control. Take targeted quality control measures in the process. Specifically, we should focus on the following two aspects:

    First, while completing the rolling task, we must ensure the overall quality of the asphalt pavement, and use more scientific and advanced construction techniques to improve the reliability and stability of the entire transportation process.

    Second, to ensure the actual construction quality of asphalt pavement, and construction techniques. Such as rolling should effectively manage to ensure the efficiency of road construction technology. Which can not only reduce the construction cost of asphalt pavement but also prolong its service life. Ensure the safety of highway asphalt pavement projects after they are put into use. And realize the stable development of my country’s highway traffic infrastructure.

    Crack repair technology of asphalt pavement

    In the construction process of asphalt pavement for various grades of highways in our country, cracks are very common quality problems. Even if tiny cracks stand found during pavement construction. The operation should stop immediately to repair them, to avoid more problems. Rainwater and other impurities will enter the pavement structure with the appearance of cracks. And the continuous accumulation of these substances will gradually corrode the internal structure of the pavement.

    Therefore, effective repair techniques should adopt for various cracks in asphalt pavement. Such as groove processing The specific operation method is to fill the foundation cracks with enough filler and use hot air guns, slot machines, and other equipment to repair the cracks in time. During the repair process, pay close attention to the changes in the cracks to avoid cracks. In the event of problems such as blockage and water accumulation, ensure that the crack repair work is completed in a short period with high quality, and the schedule of the entire project will not affect as much as possible.

    Effective countermeasures for technical management of highway asphalt pavement construction

    Strictly control the quality of raw materials for asphalt pavement construction

    Construction raw materials are the basic materials of highway asphalt pavement construction, and their quality has a decisive impact on the construction quality of the entire pavement. Therefore, in the preparation stage of construction, special personnel should strictly control the quality of construction raw materials to ensure that the construction cost Basically, purchase the most cost-effective construction materials as much as possible. Purchasing personnel should check all kinds of quality certificates in detail when screening materials to ensure excellent quality and high gradation.

    After the material manufacturer transports it to the construction site, the construction unit should have professional quality inspection and control personnel to check the parameters of the material in detail to ensure that the quality of the material can meet the corresponding quality specification standards. If the quality of individual types of materials stands found to be unqualified during the test and inspection. It should strictly prohibit from entering the construction site until the quality of the construction materials delivered by the manufacturer meets the relevant standards before they can be put into use.

    Scientific mixing of asphalt mixture

    When mixing asphalt mixture, several items need to pay great attention to by the construction personnel:

    First, the specific person responsible for the mixing work should strictly control the heating temperature of the asphalt aggregate during operation, and at the same time control the factory temperature.

    Second, when mixing asphalt mixture, construction personnel should print out important mixing data and information disk by disk in detail according to the specific specification requirements of the project. Such as the temperature of mixing and the number of mineral materials used, etc. To ensure the asphalt mixing The mixing quality of the materials is within the controllable range;

    Third, trial mixing should carry out before officially starting the mixing operation, and a more suitable mixing time can determine through the trial mixing operation. The most ideal mixing state is the asphalt mixture It can completely wrap all the aggregate particles. Construction personnel should be able to operate various types of equipment proficiently and set the mixing value of the mixing equipment according to the construction specifications, to avoid errors such as irregular oil and stone ratios and insufficient grades during the mixing of asphalt mixtures.

    Guarantee the compactness of the asphalt mixture

    When compacting the asphalt mixture, the relevant operators should control the driving wheels to face the paving equipment. To avoid the problems of crowding and extrusion of the asphalt mixture due to being pushed. In addition, construction personnel should keep them away from the construction area after using construction machinery and equipment. Such as paver and road roller during the rolling process, and must not stay on the surface of the asphalt pavement that has not stood cooled. After the asphalt pavement has stood compacted and shaped. It can pass under the condition that its surface temperature is lower than 50°C.

    Do a good job in the inspection and evaluation of the construction quality of asphalt pavement

    In the construction stage of asphalt pavement, to better ensure its actual quality, the inspection and evaluation work is an important measure, and the construction quality has a direct impact on the functional integrity and traffic safety of the highway project after it stands completed and put into use. influences. Usually, the inspection and evaluation of construction quality include many aspects. Such as the detection and evaluation of construction raw materials, surface layer, and mixture temperature.

    The inspection and evaluation of construction raw materials refer to further clarification. The parameters and indicators of raw materials ensure that each construction process can carry out in an orderly manner. The detection and evaluation of the surface layer refer to the in-depth analysis and research of various quality problems. That may occur or have occurred on the road surface and carrying out dynamic tracking and control of them. Analyzing the relevant detection data obtained in detail, and finding out the quality problems. The unqualified pavement parts should treat immediately to ensure the overall construction quality of the asphalt pavement.

    The most important basis for the quality evaluation of asphalt pavement construction is the various inspections and evaluations carried out. The personnel in charge of inspections and evaluations must have a strong sense of responsibility and dedication, earnestly perform various evaluation duties, and adopt efficient and scientific methods. The testing and evaluation methods ensure the high-quality and orderly completion of all aspects of asphalt pavement construction.

    Conclusion

    Through the above discussion, we have the significance of doing a good job in the technical management of highway asphalt pavement construction, the main problems existing in the construction of highway asphalt pavement in my country at the present stage, the main construction technology of highway asphalt pavement and effective countermeasures for the management of highway asphalt pavement construction technology Four aspects are analyzed and discussed in detail. In the process of continuous improvement of my country’s social and economic construction capabilities. Asphalt roads have also been more widely used in the field of road traffic and at the same time. Higher requirements have been put forward for the use of road asphalt pavements and the safety of vehicles and pedestrians.

    At this stage, some asphalt pavements in my country still have quality problems. Such as pavement segregation, oil flooding, and insufficient smoothness. Therefore, the quality management personnel of the construction unit should scientifically manage various construction technologies used in construction, and vigorously promote and use them in the industry. All kinds of new technologies, new materials, and new processes, complete various construction activities in a standardized and orderly manner, improve the actual construction quality of asphalt pavement and prolong the service life of highway asphalt pavement as much as possible.

    Highway Asphalt Pavement Construction Essay Image
    Highway Asphalt Pavement Construction Essay; Photo by Benjamin Yang on Unsplash.
  • Thesis Writing Exercise Guidelines Steps Requirements

    Thesis Writing Exercise Guidelines Steps Requirements

    The Requirements of Thesis Writing Exercise, some Guidelines with their Steps. Today, the resume editor will continue to tell you something about thesis writing. Next, I will talk about the thesis writing steps and thesis writing requirements.

    Here are the articles to explain, the thesis writing exercise, guidelines, steps, and requirements

    Title

    The title should use the most appropriate and concise words to reflect the logical combination of the most important specific content in the paper. Generally speaking, the dissertation title is the first important information about the scope and level of the dissertation given by a dissertation. Therefore, the requirements for the title of the thesis are: accurate and decent, concise and concise, and the extension and connotation are appropriate and eye-catching.

    Author’s name

    The role of the author’s name and the signature of the unit is to show that the author is responsible for the text. The second is to record the labor results. Also, the third is to simplify contact between texts and the author and document recovery. There are roughly two types of bylines, namely: single-author papers and multi-author papers. The latter list as the first author, the second author… according to the contribution.

    Abstracts

    Papers should generally have abstracts, and some are for international exchanges. And there are also abstracts in foreign languages ​​(mostly in English). It is a short information on the content of the writing without annotations and comments. Additional uses are to obtain necessary knowledge without reading the full text of the paper.

    The abstract should include the following:

    • the purpose and importance of the research;
    • the main content of the research. Also indicating what work has been done;
    • the basic conclusions and analysis results obtained, highlighting the new insights of the article;
    • the significance of the conclusions or results.

    Although the abstract should reflect the above content, the text must be very concise and the content should fully summarize. The size of the paper is generally limited to no more than 5% of the words of the paper. The abstract should not list examples, explain the research process, do not use diagrams, do not give chemical structural formulas, and do not make self-evaluations.

    Keywords

    Keywords belong to one category of subject words. They are subject headings that indicate the relevant subject content of the document but have not been standardized. Keywords are words or terms selected from the paper for document indexing and used to represent the main content information items of the full text. A paper can select 3 to 8 words as keywords.

    Introduction

    The introduction, also known as the preface, belongs to the introduction part of the whole paper. The writing content includes research reasons, purpose, background, previous work, knowledge gaps, theoretical basis and experimental basis, expected results, and their status, role, and significance in related fields.

    The text of the introduction should not be lengthy, the content selection should not be too scattered and trivial, and the wording should refine to attract readers to continue reading. The length of the introduction has no rigid and uniform rules. It needs to determine according to the size of the whole paper and the needs of the content of the paper.

    Main text

    The main body of a paper is the main body of the paper, and it occupies the largest length of the paper. The creative achievements or new research results embodied in the thesis will fully reflect in this section. Therefore, this part requires to be substantial content, with sufficient and reliable arguments, strong arguments, and clear themes.

    To meet this series of requirements, and at the same time to achieve a clear hierarchy and clear context. The main text often divides into several large paragraphs. These sections call logical paragraphs, and a logical paragraph can contain several genuine paragraphs. Each logical paragraph may be appropriately titled.

    After reading the above content, you will know what the thesis writing steps and thesis writing requirements are.

    Thesis Writing Exercise Guidelines Steps Requirements
    Thesis Writing Exercise Guidelines Steps Requirements; Photo by Kyle Gregory Devaras on Unsplash.
  • How to write a good resume for a free customer essay

    How to write a good resume for a free customer essay

    Do you know how to write a good resume for a free customer service position essay? Do you know the profession of customer service? Why don’t you join us today to find out about customer service job requirements and customer service sales skills? I believe that after reading it, it will be very helpful to my little friends. Who wants to find customer service jobs?

    Here are the articles to explain, the best way to write a good resume for a free customer service position essay

    Regarding the question of customer service job search guidance, everyone needs to understand what customer service is, the classification of customer service, the job responsibilities of customer service, the job content, the development path, and how to do a good job in customer service, etc. The key is to know how to write a customer service resume. Mastering these basics will be very beneficial for everyone to find a job.

    In addition to the above, you also need to know what qualities are necessary for customer service. The main ones include focusing on commitment, taking tolerance as the beauty, being humble and honest, having compassion, being positive and enthusiastic, and being service-oriented. These basic quality requirements are very important for customer service work, and also everyone must cultivate and exercise these qualities.

    Best things

    Some people may ask how customer service responds to difficult customers. Regarding this question, what I want to tell you is that people are more likely to accept the problem of being told the reason. But it is difficult to accept the problem that they don’t even know the cause. So it is necessary to give the customer One reason. At the same time, it is necessary to find out the reasons for the customer’s dissatisfaction, and find out where the customer stands dissatisfied. Whether it is their problem or the customer’s problem. If it is your problem, you need the customer to apologize and correct it in time. If it is the customer’s problem, Be patient in explaining customer misunderstandings to customers.

    Now more and more online customer service work appears in people’s fields of vision. What are online customer service sales skills? It mainly includes: using the customer’s fear of not being able to buy the product, using the customer’s psychology to get the product quickly, ingeniously asking questions, promoting orders, and actively recommending, and promoting transactions. Everyone can learn and master these methods and make their work easier.

    How to write a good resume for a free customer essay Image
    How to write a good resume for a free customer essay; Photo by devn on Unsplash.
  • How to see the best essay Mary Kay Cosmetics Products

    How to see the best essay Mary Kay Cosmetics Products

    Mary Kay Cosmetics Products is a multi-billion greenback corporation, with over 1.7 million consultants employed in over 36 international locations worldwide. Founded in 1963 (with funding of solely $5000), this direct selling business enterprise has gradually developed into an essential aggressive pressure in today’s cosmetics industry. With a mission to “enrich the lives of women,” this business enterprise has utilized direct promotion to supply its personnel with limitless possibilities (Mary Kay Cosmetics). The purpose we selected to look up Mary Kay (Case study) is due to the fact of the company’s superb increase and success.

    Here are the articles to explain, Mary Kay Cosmetics Products Essay

    With over 200 beauty products and 5 exclusive product lines, this organization has performed its intention of catering to females of all while and pores and skin types. The following document focuses particularly on Mary Kay’s Timewise Collection. The cause we selected to look up this specific series is now not solely due to the fact it appeals to the company’s goal market of middle-aged women. It is one of the first strains the enterprise ever added and has always remained a high-quality vendor for Mary Kay. By making use of the advertising ideas of segmentation, the Marketing and advertising mix, SWOT analysis, and social accountability this file will explain how these techniques have contributed to the success of this business enterprise and the Timewise Collection.

    The best Marketing and Advertising of Mary Kay Cosmetics MIX

    Product

    Mary Kay offers its customers an array of beauty and skincare products. All of which separate into product lines that target specific problem areas and skin types. At the heart of these product lines is Mary Kay’s anti-aging collection, Timewise. The Timewise Collection (which appeals to the majority of Mary Kay’s customers) consists of moisturizers, replenishing serums, eye-firming crèmes, and cleansers. The purpose of these products is to renew the look of the skin by decreasing lines and wrinkles. This achieves by the natural ingredients and formulas contained within each product. These ingredients include gliadin, pomegranate extracts, vitamin A derivatives, vitamin E derivatives, and Lucentrix complex (Mary Kay Cosmetics).

    Collection Products

    Products from the Timewise Collection contain gliadin, a rich source of amino acids, because of the ingredient’s ability to firm and tighten the skin. Pomegranate extracts and vitamins A and E use to neutralize premature aging caused by the sun and the environment. Finally, the Lucentrix complex is used because of its ability to reduce discoloration and age spots (Mary Kay Cosmetics). The Lucentrix complex is a formula developed and patented by Mary Kay’s team of dermatologists. This creates value for the company’s customers because this formula is exclusive to Mary Kay products.

    Another way the company creates value for its customers is by offering a 100% satisfaction guarantee. By employing a team of board-certified dermatologists and scientists (who conduct over 300 000 tests a year), the company proves its commitment to delivering customers products of unquestionable quality and value (Mary Kay Cosmetics). In this case, the augmented product is the company’s 100% satisfaction guarantee and the ingredients are the actual products that all contribute to the core benefit of the Timewise Collection, which is to assist customers in reaching their full potential by instilling confidence by providing timeless beauty.

    Place

    Mary Kay’s various distribution channels are another way in which the company has created value for its customers. Although Mary Kay products can’t be purchased from retail outlets, they can be purchased via the telephone, through one-on-one consultations, online as well as group consultations. This method of direct selling has given Mary Kay a competitive edge over its massively distributed competitors. The benefits of this strategy include speed, convenience, access to comparative pricing information, and most importantly, customer relationship management. Rather than driving to a drug store to look for the product one needs, Mary Kay customers have their products delivered right to their doorstep.

    Another benefit of this distribution method is the overall experience provided to customers. By conducting one-on-one consultations, customers are offered advice, informed of new products, and allowed to address any questions or concerns they might have. This is another factor that makes up the augmented product created by Mary Kay. Because consultants are provided training to fully heighten their product knowledge. The company has more control over how its products are presented and pitched to customers. This creates a competitive advantage for Mary Kay as opposed to their mass-distributed department stores competitors such as Revlon and Covergirl.

    Price

    One of the goals Mary Kay attempts to achieve when pricing their products is to fill their customer’s make-up bags without emptying their wallets. Of the 200 products the company offers, 100 of them are $18 or less. Although these prices are fairly inexpensive, the company considers Lancome, Estee Lauder, and Clinique (all of which consider to be “prestige brands”) as its main competitors. In terms of the Timewise Collection, Mary Kay’s target market is middle-aged women (30-49). At this point in the life cycle, individuals of this age are either advancing in their careers or getting close to it. This explains why the company can price its products between $20-$50.

    Although this may seem excessive, compared to the “prestige brands”, Mary Kay utilizes the market share leadership strategy, by charging significantly less than its competitors. For example, the anti-aging moisturizer from Mary Kay’s Timewise Collection works out to $0.40/ml of the product while Cliniques works out to $1.17/ml, Lanacome’s $1.27/ml, and Estess Lauder’s $1.79/ml. While these prices are significantly high, there are other brands, such as Covergirl and Maybelline, who set their price significantly low. The cosmetics industry, is, therefore, under monopolistic competition.

    Estee Lauder promotes their product as being high quality and effective, while Covergirl promotes its products as being highly affordable. In the middle is Mary Kay and the Timewise collection, this is an example of value pricing. This could also be a form of psychological pricing. By offering products for a price that is lower than the prestige brands but higher than the lowest brands, customers who can’t afford Estee Lauder or Lana-come may choose to purchase Mary Kay over Maybelline because of their perceived value regarding price.

    Promotion

    The first tool in the communication mix is advertising. Because Mary Kay is a direct selling company, television advertisements are scarce. All consultants work independently as their own business. Thus it is up to them to make their products known to the public. Mary Kay promotes primarily by word of mouth; the relationships between the consultant and the customer are, therefore, incredibly important. One form of advertising that the company did engage in was sponsoring the Country Music Awards in 2009. The reason is that the first Mary Kay location was established in Texas. Thus, some of the company’s oldest and most loyal customers reside there. This made the sponsorship an easy choice for the company.

    The second tool

    This tool in the communications mix is sales promotions. Mary Kay’s introduction of the “Mary Kay Rewards Visa Card”, is one way in which the company has provided. Its customers with an incentive to purchase their products. Customers earn points for every dollar they spend at Mary Kay, and are eventually rewarded with coupons and gift cards.

    The third tool

    This tool in the communication mix is public relations. Mary Kay is a big believer in giving back to the community. The “Mary Kay Charitable Foundation” donated over $5.8 million to women’s shelters and domestic abuse programs in 2009. The company’s “Pink Doing Green Foundation” planted over 200 000 trees in the Bitterroot National Forest (Mary Kay Cosmetics). Mary Kay does not condone animal testing and is a proud member of PETA.

    The fourth and fifth tools

    These tools in the communication mix are personal selling and direct marketing tools. As stated before, the company’s utilization of direct selling has allowed the company to build strong and profitable relationships with its customers. The company creates value for its customers by delivering products to their doorsteps and introducing new products and features. The company’s use of the telephone and internet as purchasing tools creates value for customers because of its convenience and speed.

    Mary Kay SWOT ANALYSIS

    Strengths

    Mary Kay sells a wide range of products in 4 major categories. These categories include skincare, makeup, spa, and body and fragrance. They sell products for both people of all which has helped them in controlling the cosmetic market. The company develops and manufactures its products as well as performs its testing and packaging. Mary Kay sells products to fight aging, including the Timewise collection, which has become a major concern for older women. In the spa and body category, they have products including sunscreen, hand and body lotions, shower gels, and body washes. Mary Kay’s diverse portfolio, targeting customers of any age, allows them to cover almost all segments of its market.

    One of the Only Privately Owned Family Companies That is Debt Free

    Being debt free is a huge advantage for Mary Kay. Most privately owned, family-operated, companies remain in debt for most of their lifetime. Having the extra money, not going towards debt, means that they can spend it on other things like research and development, testing, and most important incentives for theirs. The ability to do adequate research and development and testing allows the company to offer the best quality product to fit the needs of all people in their market from teenagers to consumers 50 and older trying to enhance their image.

    Through Enriching Women’s Lives they Enrich Families Lives as Well

    Mary Kay started the company during the years of the Women`s Movement in the late 1960s. Her goal was to give women the opportunity to move up in the business world and enrich their lives by offering empowerment. This gave their company strength and advantage over other competitors. Women all over the world wanted to become part of this company to become independent beauty consultants and accomplish great things in their lives. Mary Kay now has over 1.7 million independent beauty consultants worldwide, which has attributed to the company’s success.

    Highest Paid Commission Sales People in Direct Selling

    Mary Kay’s consultants are the highest-paid salespeople in direct selling. This gives them an advantage over their major competitors. The company mostly uses word of mouth for advertising. So they save money and can pay a higher commission to their sales force. Having more consultants means more customers and more customers means more revenue. This allows them to also have incentives and bonuses that drive. Their consultants build loyal relationships with their customers and bring in as many as possible.

    Weaknesses

    Sells Men’s Products Without Advertising

    Mary Kay has a full line of men’s products ranging from fragrances to skin care. Most men wouldn’t know this unless they checked out Mary Kay’s website or if they asked someone who purchases their products. Most men would never think of going to a website with the name Mary Kay. If for some reason they ended up on the website, the first thing they see is Mary Kay’s slogan, “Enriching Women’s Lives”.

    Although the meaning of this slogan has nothing to do with the actual products. It is very discouraging if a man were to read it. By only advertising to women and having mostly women as beauty consultants. Mary Kay could potentially be losing half of the market they are trying to reach. When asked Mr. Patrick, the president of Mary Kay Canada, question his response was, “we are looking at improving men’s care line of products over the next 2 – 3 years”.

    No Store to Sell Products – Everything is Door-To-Door

    The company stands firmly against opening a retail store to sell its products. When asked why during a phone conversation, the president of Mary Kay Canada, Ray Patrick, said “If we are the best selling brand why would we complicate it by selling in stores” and it would “undermine our sales force and their opportunity if we started selling in a retail store”. This could be seen as a weakness but the president doesn’t seem to think so.

    With the high demand from retailers and cost of advertising, it would take away from the incentives and bonuses offered to the huge sales force Mary Kay already has. The problem with not having a retail outlet is the possibility of catching the people that are just walking by. If the store is located in a shopping mall, imagine how many possible customers are just walking by on a day out shopping. They could be looking at losing hundreds of thousands of dollars in profit over a year.

    Small Size Compared to Competitors

    When compared to competitors, such as Avon, Mary Kay is small in terms of revenue. In 2008 Mary Kay’s revenue just exceeded $2.6 billion US. Avon’s revenue for 2008 was more than $10.6 billion US, which is almost five times more. The reason for the big difference in revenue is attributed to Avon’s wide variety of products that spread far from cosmetics. Its small size could make it hard to compete with its competitors.

    Opportunities

    People are Looking to Start Their Businesses

    People around the world are becoming interested in becoming entrepreneurs and starting their businesses. Mary Kay gives people a great opportunity to accomplish just that. There is plenty of room for advancement if that’s what people are looking for. Because of the advancement opportunities, Mary Kay has the potential to grow bigger every year. They already have over 1.7 billion consultants worldwide, and that number is steadily increasing. Since the company is based on direct selling and independent sales consultants. This gives them a huge advantage to steal the market from their competitors.

    Selling Products Targeted at the Baby Boomers and Generation Y

    Mary Kay sells a wide range of products for consumers of all ages. They sell products to benefit the younger generation and those of the baby boomers. This gives them the potential to grab sales from a huge market known as the baby boomers. Most of the baby boomers are now around the age of sixty and older and may be looking for ways to look young again. Mary Kay’s Timewise collection is a perfect opportunity to place them in this market. The company also sells makeup and other cosmetic products appropriate for today’s generation. So that they can stay in the current market after the baby boomers pass away.

    Threats

    Little to No Advertising

    Mary Kay Inc. has always been focused on the idea of personal selling. The only advertising done by the company would be through their website and the odd celebrity sponsorship. This becomes a threat because their products may not be visible to all demographics. The average person who has not been referred or been told about Mary Kay Cosmetics would have almost no idea the company existed and wouldn’t know about the products they offer.

    Intense Competition

    The cosmetic industry is a very competitive market worldwide. Mary Kay has to compete with companies such as L’Oreal, Avon, and Estee Lauder to name a few. Most of the competition has their products in retail stores with a huge amount of traffic on a daily bases. Because of Mary Kay’s direct selling approach and the research involved in their product. Their prices are a little higher than most competitors. Price has a huge impact on consumer buying behavior. The constant increase in competition could affect the demand for Mary Kay’s products.

    Social Responsibility

    As an influential leader in the cosmetics industry, Mary Kay Cosmetics has made social responsibility one of its top priorities. When Mary Kay Ash established her business in 1963, one of the founding principles she based her company on was the importance of giving back to others. Although Mary Kay passed away on November 22, 2001, her legacy and spirit have continued to change the lives of others.

    Her life goal of enhancing the lives of women who lacked opportunity, self-esteem, and financial support has been realized and is as concrete today as it was when she first opened her business. Although “enhancing women’s lives” is the company’s mission statement, Mary Kay applied this to her customers and community as well. Mary Kay has been a proud supporter of several different charities, including the Salvation Army, the Red Cross, and the American Cancer Society (Mary Kay Cosmetics).

    Mary Kay has its charities as well. “The Mary Kay Charitable Foundation” was founded in 1996 with a mission to “end women’s cancer and domestic abuse” (Mary Kay Cosmetics). In 1997, annual donations were $500 000 and in 2009, rose to $5.8 million (Mary Kay Cosmetics). These funds have gone towards several different things including funding for women’s shelters and community outreach programs for victims of domestic abuse.

    In 1989, Mary Kay became one of the first companies in the cosmetics industry to introduce an extensive recycling program. The company has recycled over 300 000 compacts and has reduced its alcohol waste by ten tonnes. Mary Kay was also one of the first companies in the cosmetics industry to produce reusable product packaging. As a testament to their commitment to improving the environment, Mary Kay has collectively planted over 200 000 trees.

    CONCLUSION

    We recommend that Mary Kay begin looking into their advertising strategy. Direct selling is an important way to build strong relationships with many repeat customers. One problem is that repeat customers only bring in so much revenue each year. Mary Kay’s lack of advertising toward men could be losing them hundreds of thousands of dollars each year. We don’t expect them to change their slogan of ‘Enriching Women’s Lives. Because that would change the basis of Mary Kay’s beliefs when she started the company. We recommend an advertising campaign to increase awareness of the men’s products sold. Mary Kay should continue its direct selling approach without a retail outlet to keep costs down and sales bonuses and incentives up so they don’t undermine their consultants.

    Reference;

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  • Accounting Processing Cycle Value-Added Deduction Tax Return

    Accounting Processing Cycle Value-Added Deduction Tax Return

    A brief analysis of the accounting processing cycle of value-added tax deduction tax return essay. To be able to effectively implement the purpose of tax reduction and fee reduction and reduce. The pressure on the capital cost of enterprises, the State Administration of Taxation issued relevant documents. The accounting processing cycle of value-added tax retained tax returns in the year. Clarifying the calculation method of value-added tax retained tax returns for enterprises, applicant conditions, etc. To provide an effective basis for the implementation of value-added tax retained tax returns. However, when the accounting processing cycle of the actual value-added tax deduction. And the tax return of the enterprise stands affected by various factors. It is prone to various risk problems and accounting processing problems.

    Here are the articles to explain, the accounting processing cycle of value-added tax deduction tax return essay.

    Based on this, the following will be a brief discussion, analyzing the accounting treatment methods. And common risk issues under different conditions of value-added tax retention and tax return. Put forward suggestions for common risk prevention measures to strengthen risk prevention. And control of value-added tax retention and tax return processing.

    Keywords:

    • value-added tax;
    • retention tax return;
    • deduction tax return;
    • accounting processing;
    • accounting processing cycle;
    • risk prevention

    The pilot implementation of value-added tax retention. The tax returns can allow enterprises to enjoy the tax reduction and fee reduction policy. With the help of the implementation of value-added tax retention and tax return. It can effectively alleviate the cost pressure on enterprises and enable them to make full use of their capital. Since value-added tax retention and tax return is a new business. The relevant documents do not put forward clear requirements for the accounting processing of value-added tax retention and tax return.

    Therefore, it is easy to hide risks during the processing process, which affects the effect of the accounting processing cycle. Therefore, when enterprises are piloting the work of value-added tax retention and tax return. They should pay more attention to the accounting treatment of value-added tax retention. Tax return and the prevention of risk issues.

    The main precautions for a value-added tax deduction and tax return

    (1) Clarify the concept of incremental tax deduction

    Due to the coexistence of multiple value-added tax rates in our country. There are certain differences in the applicable tax rates between enterprises. The tax inversion may occur in the accounting process of value-added tax deduction and tax return. Therefore, to be able to carry out efficient accounting processing of value-added tax deductions and tax returns. The concept of incremental tax deductions must first clarify. And the accounting processing cycle must carry out according to the requirements of the tax return.

    Before an enterprise conducts the processing of value-added tax retention and tax return, general value-added tax taxpayers and professional processing agencies can understand the relevant notification documents issued by the State Administration of Taxation, correctly understand the concept of incremental tax retention and tax deduction, and carry out accounting processing cycle and value-added tax retention and tax return operations by the relevant notification documents of the State Administration of Taxation, to reduce the probability of tax risks and failure to process applications in the accounting processing cycle process of value-added tax retention and tax return and ensure the orderly advancement of value-added tax retention and tax return work.

    (2) Pay attention to the conditions for applicants for tax returns with tax credits

    The value-added tax retention tax return has certain requirements for the applicant’s credit evaluation and violations of laws and regulations. Therefore, when processing the application for a value-added tax retention tax return. We must pay attention to the analysis of the applicant’s conditions to ensure that the applicant’s conditions meet the requirements. Judging from the documents issued by the State Administration of Taxation. There are strict requirements and regulations on the conditions for the tax return of the retained tax credit for general value-added tax taxpayers.

    Only taxpayers with a credit rating of C or above allow applying for the tax return of the retained tax credit. And general value-added tax taxpayers must also ensure that they have not committed illegal and illegal tax operations. Within 36 months of applying for the tax return of the retained tax credit. And their application for the tax return of the retained tax credit will approve and enjoy the value-added tax return policy. Suppose the tax credit rating and tax behavior of the general value-added tax taxpayer meet the application requirements when applying for a tax return. But the subsequent tax credit rating drops, and the application conditions cannot meet.

    In that case, the tax authority will not recover the tax return. In addition, due to the coexistence of multiple tax policies in our country. There can be different tax treatment plans for the same tax situation. Therefore, when taxpayers apply for value-added tax retention and tax return. They must pay attention to whether taxpayers have also enjoyed other tax preferential policies. And properly handle the application for value-added tax retention and tax return.

    (3) Calculate the return of the incremental tax credit

    When the value-added tax retains for a tax return, the tax amount can calculate scientifically to avoid tax risks. And ensure the implementation of the purpose of the tax reduction and fee reduction policy. The calculation of the tax return amount of the incremental retained tax credit can obtain by multiplying the three data of the incremental retained tax credit. The proportion of input, and the tax return rate that ordinary value-added tax taxpayers can enjoy. Judging from the research on relevant national tax policies, the tax return rate that ordinary taxpayers of value-added tax can enjoy is 60%. While taxpayers of advanced manufacturing can enjoy a 100% tax return rate.

    Therefore, when calculating the value-added tax deduction tax return amount, we should pay attention to the analysis of the taxpayer’s industry, distinguish whether the taxpayer belongs to a general taxpayer or an advanced manufacturing taxpayer, determine the tax return rate that it can enjoy, and then scientifically calculate the amount of tax return that the taxpayer should receive based on the actual situation and related policies.

    (4) Other precautions for value-added tax retention and tax return

    In addition to the above common precautions for the processing of value-added tax retention and tax return. There will be various situations in the accounting processing cycle process of value-added tax retention and tax return. If you don’t pay attention to it, it will affect the accounting processing cycle results and create tax risks. Therefore, when processing the value-added tax retention tax return, it is necessary to combine relevant policy documents and pay attention to the processing requirements of the value-added tax retention tax return to process the value-added tax retention tax return application scientifically.

    Accounting processing cycle of value-added tax deduction and tax return

    (1) Accounting processing and analysis of the tax deduction amount retained by ordinary taxpayers at the end of the period

    The main accounting processing cycle situations encountered by general taxpayers in the value-added tax deduction and tax return stand divided into five common processing situations, such as the processing of the tax deduction at the end of the period, the processing of the tax deduction for the relocation of the business location, the processing of the tax deduction for asset reorganization, the processing of the tax deduction during the liquidation period, and the processing of the tax deduction for the tax payable.

    In the process of accounting for the tax deduction at the end of the value-added tax period for general taxpayers, the “Interim Regulations on Value-added Tax” indicate that the tax payable obtain after subtracting the input tax amount from the current sales tax amount of the general taxpayer. If in the calculation process of the tax payable by ordinary taxpayers, the current sales tax amount is not enough to deduct. The remaining tax amount can carry forward and deduct in the next processing process.

    For example

    For a general tax-paying company, the taxpayer’s outstanding value-added tax account credit balance before June 1, 2022, was 120,000 yuan, and the purchase price of the business occurred in June was 4 million yuan, of which the value-added tax was 680,000 yuan, the price of the product sold was 2 million yuan, and the current sales tax was 340,000 yuan. During the processing of value-added tax deduction and tax return, since the amount of tax deduction generated after June cannot offset the amount of tax owed before, the current sales tax amount of 340,000 yuan is the value-added tax deduction at the end of the month. There is no need to transfer it to the unpaid value-added tax for processing, and it can stand directly retained until the next month for the deduction.

    (2) Accounting treatment of the tax deduction for the relocation of the business location of the general taxpayer

    In the process of processing the value-added tax deduction and tax return for ordinary taxpayers, the problem of changes in the taxpayer’s business location will also encounter. It learns from the relevant announcement of the State Taxation Bureau that when the business location of ordinary taxpayers changes, after the industrial and commercial department has registered the change, if the competent tax authority changes, it is necessary to do a good job of cancellation and re-registration of the business location. At the same time, ordinary taxpayers can continue to deduct the amount of input tax that has not stood deducted before the tax stood canceled after re-registration.

    For example

    A company’s previous business location was in Area B of City A. Due to the company’s business development, it moved to Area C of City A for production. Before the relocation, the company had 150,000 input taxes that had not stood deducted. After the company has completed the tax cancellation and re-registration, the newly relocated tax authority in Area C confirms the amount of input tax that has not stood deducted and it is correct, the company can continue to use the 150,000 input tax that has not stood deducted for the deduction.

    (3) Analysis of the accounting treatment of the tax deduction for the reorganization of assets of general taxpayers

    The relevant announcement of the State Administration of Taxation stipulates that after the general taxpayer undergoes asset reorganization, transfers all assets and liabilities to the new general taxpayer, and performs tax cancellation and re-registration by the announcement, the amount of input tax that has not stood deducted before the asset reorganization can still carry forward to the new general taxpayer for the deduction.

    For example

    Company A and Company B are both ordinary taxpayers. When Company A restructures its assets and transfers all assets and liabilities to Company B, Company A still retains 200,000 value-added tax credits that have not stood deducted. During the tax cancellation process, Company A does not need to re-transfer this part of the tax amount, and Company B only needs to declare and deduct 200,000 TAX credits by the original process.

    (4) Accounting treatment and analysis of the number of tax credits retained by general taxpayers during the liquidation period

    In the process of paying taxes on the operation of an enterprise, in the case of bankruptcy and liquidation of the company due to poor management or other factors, the accounting treatment of value-added tax deduction and tax return shall consider based on the “Notice of Certain Value-added Tax Policies”. It stands clearly stated in the relevant policy notice that when the general value-added tax taxpayer liquidates and cancels the company’s assets, the tax deduction amount will not process for a tax return, and the company’s inventory cannot transfer out as the input tax amount.

    Therefore, during the liquidation period of ordinary taxpayers, the processing of the value-added tax deduction can only convert into inventory costs for calculation. At the same time, when the company calculates the taxable income, the company’s value-added tax deduction can deduct. By the relevant announcements and notices of the State Taxation Bureau, the issue of value-added tax retention and tax return can stand effectively dealt with, and the accounting processing of value-added tax retention and tax return can stand done well to avoid tax problems during the processing operation.

    (5) Accounting treatment of the tax deduction amount of the tax payable by ordinary taxpayers

    In the process of paying taxes for general value-added tax taxpayers, there will also stand value-added tax arrears. When this situation stands encountered in the accounting processing of value-added tax withholding tax return, the accounting processing operation of the amount of tax payable by general taxpayers and the amount of tax withholding tax deduction can carry out based on the relevant notice of the State Taxation Bureau to avoid tax problems during the accounting processing process.

    In the relevant documents issued by the State Taxation Bureau for the accounting and processing of tax deductions for general taxpayers, there are clear regulations on the order and scope of the deduction of value-added tax arrears by the input tax amount. When the input tax amount stands deducted from the value-added tax arrears, the tax amount stands mainly deducted by the chronological order in which the company’s tax arrears occur, that is, the tax arrears that occur first stand deducted, and the tax arrears that occur later stand deducted afterward.

    The value-added tax arrears

    What can deduct are mainly bad debts, tax arrears, and late fees for tax arrears, and the actual deduction amount is based on the notice issued by the competent tax authority. If during the accounting process of the tax deduction for the tax payable by ordinary taxpayers, the tax deduction at the end of the period is less than the total amount of tax payable, the tax deduction at the end of the period shall use as the actual tax deduction.

    At the same time, according to the corresponding calculation method, the bad debts and tax arrears, and late fees that can deduct from the tax deduction at the end of the period stand calculated, and the accounting processing of the tax deduction for the tax payable carry out rationally, to avoid the probability of risk problems in the process of value-added tax deduction and tax return, and ensure the quality and efficiency of accounting processing.

    Prevention of the risk of value-added tax retention and tax return

    (1) The risk and prevention of incorrect calculation of the incremental tax deduction amount

    In the process of value-added tax deduction and tax return. Incorrect calculation of the incremental tax deduction amount is a common processing risk problem. Which will have a direct impact on the application for a value-added tax deduction and the processing results. Therefore, when calculating the amount of incremental tax deduction, special attention should pay to the accuracy of the calculation results to avoid the failure of the application for incremental tax deduction due to errors in the calculation results.

    The calculation of the incremental tax credit can consider the taxpayer’s application conditions. Accountants should have a clear understanding of the rolling calculation method of the incremental tax credit. Judging from the relevant documents issued by the State Administration of Taxation. General value-added tax taxpayers can enjoy a 60% tax return rate. While individual advanced manufacturing companies can enjoy a 100% tax return rate.

    Therefore, when enterprises calculate the incremental tax credit, they must also conduct calculation and analysis by their industry policies to ensure the accuracy of the calculation results of the incremental tax credit and control the risk of accounting for the incremental tax credit. If an enterprise has problems in the calculation process of value-added tax deduction and tax return, it can also request advice from the competent tax authority or a professional tax processing service agency promptly to prevent and control the occurrence of accounting and processing risks of incremental tax deduction in advance.

    (2) Risks and precautions that the taxpayer’s prescribed standards have not been met

    In the process of value-added tax retention and tax return, there will also be a risk of value-added tax retention and tax return due to non-compliance with the taxpayer’s prescribed standards, which will affect the implementation of value-added tax retention and tax return. Therefore, when carrying out the work of value-added tax retention and tax return, the taxpayer’s credit rating, violations of laws and regulations, and the enjoyment of relevant tax incentives should be understood and analyzed to assess whether the taxpayer meets the application criteria for value-added tax retention and tax return.

    At the same time, taxpayers themselves should also strengthen their attention to the improvement of the tax credit. Maintain their tax credit, and avoid the occurrence of illegal tax evasion and tax evasion during the tax payment process. Which leads to the inability to meet the value-added tax deduction and tax return standards. If the taxpayer’s situation can adapt to multiple tax policies. The final tax method should still base on the optimal solution.

    And after choosing the corresponding tax policy, we must also pay attention to the compatibility of other tax policies. With the value-added tax deduction and tax return policy to avoid tax risks in the process of tax accounting. In addition, since the newly established corporate tax credit rating is M-level. It does not meet the requirements for value-added tax retention and tax return. So special attention should pay to the criteria for evaluating taxpayers.

    (3) The content of the time regulations ignores risks and precautions

    In the accounting processing process of value-added tax deduction and tax return. It is also easy to deal with risks due to inattention to time regulations. The relevant documents issued by the State Taxation Bureau are clearly stated. That is the general value-added tax taxpayer has already applied for a total tax deduction. And then the tax deduction amount generate. The tax deduction amount calculated in the previous application can no longer use for secondary purposes.

    Therefore, in summary, there are only two processing opportunities for value-added tax retention tax returns in a year at most. General value-added tax taxpayers can apply for an incremental value-added tax return in any month. After meeting the requirements for value-added tax retention and tax return. The specific application time is based on the taxpayer’s situation.

    In addition, if taxpayers file tax return exemption and tax return declaration at the same time. The tax authorities will give priority to the tax return exemption requirements they apply for. Therefore, to avoid such risks during the processing of tax return business. Taxpayers should have a general understanding of different tax return businesses. And pay attention to the application time of each tax return business.

    (4) Failure to obtain the application materials in a timely and accurate manner, risk prevention

    From the analysis of the calculation formula of the value-added tax deduction amount. It can be found that in addition to the prescribed application materials and certificates. The input tax amount on other deduction certificates cannot be used as the value-added tax deduction tax return application certificate.

    Therefore, to avoid the risk of value-added tax retention and tax return due to incomplete collection of application materials, it is necessary to collect relevant documents during the process of value-added tax generation, collect and organize the declaration materials promptly, and ensure that the submitted application materials and certificates are true and reliable, in line with the requirements of the relevant declaration regulations of the State Administration of Taxation, and the application materials and certificates shall not be forged.

    Once it is found that the applicant has used illegal means to falsify the application materials. And defrauding the incremental tax deduction amount will bear corresponding legal responsibilities. Through the improvement of the reliability and authenticity of the value-added tax retention tax return application materials. High-quality accounting processing work is carried out.

    Conclusion

    In summary, when the value-added tax retained tax credit is returned. Attention should be paid to clarifying the concept of the incremental retained tax credit. Reviewing whether the applicant conditions for the tax return of the retained tax credit are up to standard. And carefully calculating the return of the retained tax credit to ensure that the value-added tax retained tax return is correct.

    At the same time, corresponding accounting processing should be carried out according to the different value-added tax retention. And tax return conditions of ordinary taxpayers and attention should be paid to the calculation of incremental value-added tax retention. And tax return errors in the process of value-added tax retention and tax return. Insufficient application conditions for taxpayers, time regulations are ignored, and the application materials are not accurate enough. Comprehensive and other risks prevention, scientific development of value-added tax retention, and tax return work. Promote the implementation of the national tax reduction and fee reduction policy.

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  • Accounting Software for Small Business Essay

    Accounting Software for Small Business Essay

    Advantages and Disadvantages of Accounting Software for Small Business in Information Technology Essay. When a small business desires to apply accounting software. Then they have to stick to the traditional method of accounting. As the expense of any certified accounting software is quite high and relatively strange to many. This concept has received a big blow as these small businesses now have a selection.

    Here are the articles to explain, Accounting Software for Small Business Advantages and Disadvantages in Information Technology Essay.

    Accounting software can procure and mounted on your computer. However, with the presence of ever developing internet a consumer can locate the identical packaged application on the web and doesn’t have to download or purchase anything. I don’t matter if your company is local, national, or international any business can at present employ internet-based accounting software.

    It doesn’t depend on the size of the business you uphold. There are certain aspects of considerable importance when it comes to working online, especially with company accounts. Security is a major concern and one of the primary steps a large amount of network-based merchandise thinks for users. Web-based financial account software handles its database hub and all the records accumulated on huge network servers. Supplementary queries can raise to internet-based companies on the support of their infrastructure.

    Essay 01

    Take note of the number of web data servers preserved for backups, involuntarily or manually, backup strength must take as the primary factor after security. Everything will appear simple when consumers don’t have to consider or worry about backups any longer. Think of the number of times every year somebody has to volunteer and preserve your server, format it, and your system, or else you have to worry about it. How overwhelming that charge sounds as the accounting application and database for the company stand stored on a Personal computer or the business’s server.

    With everything available on the web, you can easily overlook any troubleshooting mishap. It is addressing certain issues as they come up for the accounting software used on the Web. Several web-based sellers have forged a plan which will give sufficient time for the maintenance of the entire system that too on weekly basis. Usually, reviving or modification stands done twice or thrice a year and users inform beforehand. Usability is marginally equivalent to 100% both day and night, daily, from any internet-accessible tool restricted by a user security system and log-on necessities.

    Essay 02

    You will have a lot of capital-saving chances while choosing a web-based system to have your data. Advisors are no more required to keep the financial accounts and every inescapable timely security update that happens in every application. An unforeseen power reserve arises when small and large businesses toggle to web-based applications. Reportedly, it stood observed that a company saved millions of dollars from power savings.

    Additional savings pile up with the exclusion of investment in resources to get the entire system equipped to go. Typically it takes around six months for a large business to mount, switch information, examine, and other tedious problems which lead to the build-up. This entire process of setting up the infrastructure is quite quick for small companies when they switch to web-based applications. The start-up time includes the conversation which happens to make the decision.

    The businesses save in arrangement and setting up of resources of the more dominant accounting structure. There are constantly straight financial requirements when a small-sized business raises or modifies its accounting method. Though, web-based deliberation stands merely used monthly and only for purposeful use of the company. This denotes that web-based software can develop with the corporation. It makes the entire infrastructure flexible and switching becomes a small headache.

    Advantages and Disadvantages of Accounting Software for Small Business

    Computers together with their applications have become incorporated into man’s life. It is something that could provide you with information in a very efficient manner and could relieve you from different tasks that simply rule over your life. Well, one of the mundane tasks which people love avoiding is accounting. It could be frustrating working with figures and solving different financial problems.

    Well, if you are one of those people who are thinking about a good way how to manage accounting issues. Then making use of accounting software would be a great idea. Here are some of the advantages and disadvantages that you can take if you use this kind of software:

    Ease of accessibility

    Most of the accounting programs this day are offering simple as well as easy interfaces to assist in entering the accounting data without any difficulty. Even those people with only little or no experience in accounting could feel the assurance that the data they had entered is correct. In most software applications. The data-entry points will correct or will ask you for confirmations when something appears to enter in a wrong manner. This feature of accounting software could help you in saving hours of work.

    Reports

    Most of the software programs have some functionality for reporting. It lets the business owner in reviewing the latest status of the business at any time. It could stand done by simple press and clicks. The additional flexibility of having accurate as well as reliable data could enable the user in making informed as well as educated decisions. Making quality reports is usually a job of an accountant or the owner of the business. Well, computers have already taken this role over them. Thus, it makes accounting software efficient and effective.

    Solutions

    Though accounting software could do the task of accounting in a very less as well as intimidating time, it also opened the doors for fraud. Thus, staying with a secure procedure and locking down your computer system using passwords is something essential. If you want to prevent your business from dishonest employees from stealing things from you. So, simply keep it locked all the time.

    Taxes

    At the end of the year, lots of people find themselves mixing up just to get the data to prepare their personal as well as tax returns for their business. Many people find this matter a daunting job in which they are farming out the process for a tax professional rather than dealing with it by themselves. Most accounting programs stand designed, thus the user could map up the items in an individual manner.

    As a result, the information could export to different kinds of tax software. When it stands done correctly with the setup of the software itself. The business owner could efficiently save themselves from the cost of preparing taxes every year. You can surely make your accounting job easier by making use of accounting software.

    With such, those advantages mentioned above could easily attain without taking any sort of circumstances or confusion unlike what you used to experience by using traditional accounting. Thus, what are you waiting for? Do not let yourself and your business stand left behind. Get yourself involved by simply using good accounting software and making things effective and efficient. Simply keep those benefits in mind. Using good accounting software truly values the money you spent on having it. So, what are you waiting for? Get one now.

    How do you select accounting software for your small business?

    It is extremely necessary to be certain that you acquire an approved or accepted small business accounting application. Do not rely on the most popular or used accounting software as it might not suit your needs. Therefore, it is imperative to do some research and make certain inquiries. Security is a major concern and one of the primary steps a large amount of network-based merchandise thinks for users.

    Web-based financial account software handles its database hub and all the records stand accumulated on huge network servers. Supplementary queries can raise to internet-based companies on the support of their infrastructure. There are several essential aspects to reflect on, which can help in getting the assurance that you have the precise selection to suit your company’s requirements.

    Primarily

    When it comes to selecting the exact company accounting software, meet a specialized and knowledgeable accountant whom you can rely upon. Many times, the accountant is conscious of fiscal managing software that is vital for your company.

    Secondly

    The volume of your commerce when it is down to yearly sales is an important thing to think about selecting the correct company accounting software. The intensity of support while purchasing software will count and make a note that you will need this continuing support after accomplishment. These are essential in selecting the exact business accounting application. You may misguidedly purchase software that will require patches and improvements exactly following your acquisition of the business accounting software. This kind of software will not be able to cope with your budding business developments.

    There is also an option of either acquiring permanent and reactive software or web-based accounting systems that can accustom and arrange to particular or varying requirements. Take note of the number of web data servers preserved for backups, involuntarily or manually, backup strength must take as the primary factor after security. Everything will appear simple when consumers don’t have to consider or worry about backups any longer. Think of the number of times every year somebody has to volunteer and preserve your server, format it, and your system, or else you have to worry about it.

    How overwhelming that charge sounds as the accounting application and database for the company are stored on a Personal computer or the business’s server. Irrespective of the strength of your company, you must choose a system that can revolve itself on a timely basis along with the company. When your business expands your accounts also grow in the same magnitude, it is directly proportional to each other. You must select a robust system that can offer you much space. And I do not favor repeated switching of accounting software.

    Finally

    In the selection of precise commerce accounting software, you should ensure that it is uncomplicated and dependable. Straightforwardness and consistency are all you require for any web-based accounting or business software. As web-based systems can effortlessly bend to the exact purposes and alterations in your corporation. These straightforward points and techniques will assist you to discover the exact and suitable business accounting software or web-based commerce system for your trade.

    In summing up, online software saves time and straight operating expenses for a business, small, medium, and large. The requirement for experts is almost eradicated; improvements and mechanical difficulties. The system is managed by web-based business technical support. Bookkeeping utilities are with no trouble introduced to your pact-based online system. As the means of trailing accounts augments with the ever-expanding business.

    Think wisely and you choose accounting software for your small business

    It is very important to know what kind of accounting system you want. This plays a great role as you have to have an eye for the future. Many factors play a vital role in the selection of accounting software. We tend to overlook certain small but significant factors which describe the efficiency of the software. You will certainly at some point in time rely on definite support. But you must do your homework as it is a matter of your company’s accounts.

    Accounts or financial data show the performance and growth of a company. This information has to be preserved securely as it holds all the secrets of a company. Hence, for a company’s head or owner, it is important to choose specific software which proffers you space, solidity, and consistency.

    Starting with selection

    It is a headache if you do not belong to the accounting or commerce fraternity. It does not matter; all you need to do is to know your requirements. To do so, you will need to discuss this with your accounting team. Don does not rely on famous and popular accounting software and you should confirm that it fulfills your needs. Have a meeting or meetings and try to bring up a list of requirements. In that case, you must check the following points

    Security

    Yes, when it comes to accounts it is never safe to rely on something you don’t know. Bugs are common in software and any bug can kill your entire annual history. However, if anyone has all your accounting data then you might have to face prolonged nightmares. So, talk to your team and verify the software to check its reliability. If the software is secured then around 50% of your problem is solved.

    Requirements

    Yes, you will need to check the requirements such as the resources it needs to initiate. A huge software can ask for millions of dollars of resources and infrastructure. A large company usually takes around six to seven months to set up its system. So, you need to verify certain aspects such as resource requirements. In this section, backup plays an important point so; you must check that aspect too. System shutdown and power failure are common happenings.

    Flexibility

    Rather than the usability of the system plays an important role. Irrespective of the strength of your company, you must choose a system that can revolve itself on a timely basis along with the company. When your business expands your accounts also grow in the same magnitude, it is directly proportional to each other. You must select a robust system that can offer you much space. And I do not favor repeated switching of accounting software. Hence, this is a major point to look for in the accounting business system. If you can get hold of such factors and comprise it into your software then you are on the correct track. Software needs to have proper security which encloses the reliability factor.

    Then, accounting software must have all the resources to offer any kind of backup if any power mishap or system crashes. Finally, all you need is the flexibility of switching whenever needed. The software has updates and versions, so make sure that you have the latest version. As your company will grow your accounts will expand too, thus, you must take note of that. Irrespective of your company’s magnitude, small, mid-sized, or large, you must look for such attributes when it comes to accounting business software. In the end, you will have two choices, either desktop base software or online software. Think wisely and choose.

    Reference;

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    Advantages and Disadvantages of Accounting Software for Small Business in Information Technology Essay
  • Australian Wheat Board AWB Scandal Case Study Essay

    Australian Wheat Board AWB Scandal Case Study Essay

    Case Study of Australian Wheat Board AWB Scandal Criminology Overview with Simple Essay. This essay will talk about the main organizational shape and motives of the Australian Wheat Board scandal. Hereafter referred to as AWB. This used to be a scandal of international magnitude, whereby AWB paid tremendous economic bribes to Iraq officers in blatant non-compliance with the guidelines set out in the Oil-for-Food program. Which used to hook up by using the United Nations. Moreover, this essay will talk about the proof introduced in the “Cole Royal Commission”. An inquiry was set up to look at the habits of numerous Australian organizations regarding the oil-for-food program. AWB a governmental corporation used to be the principal employer beneath scrutiny.

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    This essay will also examine the regulatory failures that facilitated corruption at the Governmental level to occur. Which remained predominantly unfettered for a protracted period. Incidences of governmental and corporate corruption and deviant behavior. Which often involve considerable numbers of active or passive participants, and are seldom the result of opportunism alone. But are far more often insidious and methodical by nature.

    The AWB case is a clear illustration of governmental corporate culture and demonstrates a plethora of systemic regulatory and policy failures. All of which further influenced and defined the AWB’s decision-making process and unethical posture. Lastly, the aforementioned material will discuss commencing with a summary and literature review. And comprehensive case analysis to demonstrate the ubiquitous nature of this particular type of Governmental crime. Which sits under the broad ambiguous umbrella of ‘white-collar’ crime.

    Case Summary

    Contemporary society in a globalized world demonstrates an almost overwhelming abundance of criminal activity, in particular, ‘white-collar crime’. However, numerous types of research demonstrate that not all crimes and criminals stand dealt with in the same manner. In fact, on closer examination, research has suggested that there is an innate tendency for specific crimes. And criminals to positively overlook, typically these being crimes of the powerful, primary example is that of the AWB scandal.

    The questionable Utilitarian approach of “seeking the greatest good for the greatest number of people”. Found assumed by the AWB and its Board, analyze in the Cole Enquiry Report. The Cole Report stimulated awareness of the fundamental deficiencies in both corporate governance and culture. Which play a significant function in permitting or precluding the occurrence of unethical conduct. Furthermore, the inaction demonstrated by the Australian Department of Foreign Affairs and Trade hereafter referred to as DFAT, and the Australian Federal Government in investigating claims against AWB further highlights the systemic failures that permitted AWB’s unethical behavior to prevail.

    Key causes

    The key causes of, and major influences on unethical behavior determined from the Cole report are:

    • The AWB organization’s strong profit-driven demand to meet financial or business objectives. And the promotion of tolerance for illegal/criminal acts (white-collar crime)
    • A culture of “getting the job done”, where corrupt acts stand justified under the proviso. That the greatest good will achieve for the company
    • A lack of control mechanisms and moral agents in both corporate and public sector governance
    • The implication of privatization of Australian rural entities
    • Policy and Regulatory design and the lack of adherence and implementation
    • Governmental oversight of wheat growing monopoly, international monopolization
    • Conduct of foreign policy – misconduct United Nations Oil-for-Food-Program – International Trade Sanctions.

    One crucial aspect to consider is that Australia is a signatory to both the United Nations Convention Against Corruption. And the Organisation for Economic Cooperation and Development Convention on Combating Bribery of Foreign Officials in International Business Transactions. Australia’s interpretation of the aforementioned United Nations Convention is “The Criminal Code Amendment (Bribery of Foreign Public Officials) Act”, referred to as the “Bribery Act”. Which is the Australian Parliament’s legislative implementation of the latter convention.

    Review for Australian Wheat

    It is common knowledge that conventional criminals consider it normal to utilize any instrument or weapon to perpetrate a crime. Therefore, it would also seem normal for organizations to utilize the organization itself to acquire money from ‘victims’ by way of its deviant misbehavior. These ‘victims’ are varied and may be customers or members of the organization themselves. This is a prime example of what refer to as the organizational weapon. The organization is for white-collar criminals as the gun or knife is for conventional criminals.

    Harris and Hartman (2002), state that an organization’s culture consists of the values, norms, and attitudes of the people who intrinsically make up the organization. Moreover, the stated values demonstrate what is important; whereas norms reveal expected behavior; attitudes expose the mindset of individuals. Therefore, organizational culture informs people about what is important in the organization, expected behaviors, and how to observe things. Culture is a part of organizational life that influences the behavior, attitudes, and overall effectiveness of all members of an organization.

    Further to this

    Daboub & Coulton (2002) stressed the importance of organizations selecting business partners. Who share a comparable commitment to both the social and environmental practices and ethical commitment of the company. They further stated that this would assist in ensuring that the organization does not place itself in compromising situations. Due to unethical acts perpetrated by those companies with whom they have working associations. Robbins (2000) argued that today’s global business environment can lead to such problematic associations. And stated the need for organizations to take a fervent pro-active stance to further ensure. That the “codes of conduct” under which they operate are transparent, implicit, and adhered to by their associates.

    Furthermore, the political influence on large governmental or privatized organizations. The desire not to over-regulate can also be very influential. Politicians are mindful of the detrimental effect that heavy regulation can have on businesses that are often generous economic contributors. The will of governments not to introduce laws that hinder corporate activity stands evidenced by the lack of substantial powers. And penalties (specifically prison terms) available to regulatory bodies, the lack of resources available to enforce those provisions already available. The government’s commitment to regularly review any legislation that may impact adversely on the competition.

    Case Analysis

    The United Nations Oil-for-Food program involved not only companies but also governments. However, various activities by the Howard Government were outside the provisions of reference of the Cole Enquiry. Which was fundamentally sanctioned to examine the actions of the companies specifically mentioned in the 2004 United Nations report on the Oil-for-Food program. Furthermore, Cole was unable to examine the extent to which government policy during that period encouraged or discouraged bribes from the AWB, or equally whether Australian Government Ministers should have enquired further, especially considering that warnings were received that something was inappropriate. Or indeed how the government managed its relationship with the AWB throughout this protracted process.

    To illustrate further, Henry Bosch former chairperson of Transparency International Australia. Also one of Australia’s most experienced business regulators, argued that somebody somewhere must have known what was going on. Bosch stated to the Ethical Corporation that he suspected, that “the executives involved in winning contracts. Were a bit less careful than they should have been regarding the status of payments existing demanded”. The AWB’s justification for this deviant and criminal behavior was to argue. That it simply was not aware of the payments. Moreover, numerous critics pointed out that it was virtually impossible for government Ministers and various. Other officials to not have known, especially because the fees paid to the contractors selected by Saddam Hussein’s bureaucrats would have been noticeably and remarkably high the AWB’s responses raised far more questions than answers.

    Further to this

    The Cole Enquiry argued that the AWB’s structure was primarily to blame. For example; the company was responsible for the marketing and exporting of one of Australia’s major export commodities. Moreover, all Australian wheat exports passed through the offices of the so-called ‘single-desk’ export authority. Which was heavily vested in the AWB. The ‘single-desk’ export authority was established in 1915 to assist Australian wheat growers to get their products to global export markets. Therefore dealing with the AWB was a major factor for all businesses involved in Australia’s powerful expansive wheat growing sector.

    In addition to this, Iraq was a massive market and there was a need for the organization to justify its often-criticized monopoly on Australia’s global wheat exports, particularly in the face of strong competition from the United States and other suppliers. Numerous critics observed that since the AWB was privatized in 1998. And consequently listed on the Australian Stock Exchange (ASX) in 2001 the AWB had noticeably become far more extreme. Than its former bureaucratic culture might have previously endorsed.

    Established

    Furthermore, a United Nations report on October 27, 2005, established that the Australian Wheat Board (AWB) had paid $US221.7 ($AU300) million in bribes to the Iraqi Government between 1999 and 2003 under the United Nations Oil-for-Food program. Through this mode of immoral and illegal behavior, the AWB defrauded their shareholders out of their financial investments and profits as well as causing irreparable damage to Australia’s trade reputation globally. Further to this, the United Nations report on the inquiry into corruption in the Oil-for-Food Program, led by Paul Volcker, revealed that 2200 companies participating in the program were misappropriating funds from the United Nations accounts to redistribute them to the Iraqi government but none of the magnitude of the AWB.

    Moreover, AWB was a company with a high profile and faced serious legal problems. Therefore the AWB was likely to draw attention from both the Australian and worldwide public and media. Consequently, with the release of the report and mass media and public attention, the AWB was facing a dire crisis. Due to this in February 2006, the AWB managing director Andrew Lindberg resigned after demonstrating outrage. Throughout the press and collective Australian wheat growers.

    Scandal

    The AWB scandal has left an indelible black mark on the AWB’s reputation throughout the world and puts into question how reliable it was and how well suited it was to represent and market nearly all of Australia’s wheat to the overseas marketplace. In addition, the AWB was sued for AU$1 billion in compensation by collective wheat farmers in North America for alleged, bribery and other corrupt activities to corner the grain markets internationally. The effect of the scandal resulted in Iraq refusing to purchase wheat from the AWB and the consequential loss of a substantial overseas market for Australian wheat growers.

    In an attempt to minimize damage to the Howard Government’s reputation, Prime Minister Howard launched an official inquiry in November of 2006, into the payment of bribes by the AWB Ltd, formerly known as the Australian Wheat Board, to the Saddam Hussein regime, this inquiry essentially produced a whitewash report designed for several key purposes. Foremost, was the need to clear Prime Minister John Howard and his leading ministers of any political and/or criminal responsibility for the payment of bribes to Iraqi bureaucrats. Another critical concern was to fend off United States agricultural interests that were demanding the dismantling of the AWB’s wheat export monopoly as part of a ruthless trade war.

    To illustrate further

    It was paramount for the Howard government to prevent any examination of the motives behind Canberra’s participation in the U.S occupation of Iraq. Therefore, in an obvious act of scapegoating, inquiry Commissioner Cole singled out 11 former AWB executives and one ex-BHP executive for blame and the possibility of criminal prosecutions. Sanctioned by the Howard government the mass media immediately did its best to assist this diversionary exercise by dubbing these 12 individuals the ‘dirty-dozen’ in newspaper headlines around the country, demonstrating the great measures that politicians will take to cover their corruption.

    Howard’s use of Cole, a trusted lawyer who had previously conducted a witch-hunting inquiry against building workers on behalf of Prime Minister Howard wreaks of the unfettered abuse of governmental power. It was therefore not surprising that Cole attributed the payment of nearly $AU300 million in bribes under the United Nations 1996-2003 so-called Oil-for-Food Program solely to a handful of 12 individuals. Moreover, Cole stated that these 12 individuals’ deviant corrupt behavior developed from a closed culture of superiority. And impregnability within the organization. Which had existed produced by the AWB’s 67-year monopoly and stronghold over all Australian wheat exports.

    In addition to this

    Cole stated that it was obvious that the AWB’s unethical policy in Iraq was “to do whatever is necessary” to retain the $AU500 million in annual wheat sales. And further stated that was precisely what the Howard Government’s policy was at the time. The substantial and comprehensive documents tabled at the Cole inquiry confirm that the AWB. Which was a government agency up until 1999 and then subsequently privatized continue to operate and receive Canberra’s protection. Almost as a virtual arm of the Howard Government throughout the lead-up to the March 2003 U.S. led invasion of Iraq

    Conclusion

    The AWB scandal raises significant questions and concerns about the Australian policy-making processes. And the attitudes of the government ministers involved.

    Reference;

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    Criminology Overview on a Case Study of Australian Wheat Board AWB Scandal Essay.
  • A Case Study on Nestle a Multinational Brand

    A Case Study on Nestle a Multinational Brand

    The case study on the multinational brand Nestle, which occurs to be an FMCG international large displays the techniques and well-designed plans of the corporation whereby it tries to shift its photo from a meals organization to that of a diet fitness and welfare company. The motto of the enterprise has been that of correct food. The top existence has similarly prolonged the place the corporation appears ahead to coming into the area of fitness. And vitamin merchandise that will embody merchandise such as baby food, and weight loss plan food. And additionally that of healthcare products.

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    In the process, we see that the business enterprise in its system of diversification of its merchandise has additionally at instances failed to attain its targets. However, the customary shape of the enterprise occurs to be massive and adequate to assist the enterprise in holding. Its function as the main healthcare enterprise in the world with some of the most mentioned and profitable brands.

    Main Essay:

    The case study reveals the well-calculated plans of the company Nestle. Where it had made conscious efforts that would change its very image in the market. It has been reflected through the case study that the then ongoing image where Nestle happened to be a leading brand worldwide in the field of food products looked forward to entering the field of healthcare food products and also dominating the market in the coming period. Hence Nestle soon embarked upon a marketing strategy through which it could extensively change its image. And develop an image of a nutrition, health, and welfare fostering company through the tool of its products.

    Hence quite Nestle set forward to take up various measures to effect the same. In the process, Nestle did and tried several different tactics to achieve the same. It changed the composition of its products by eliminating excess sugar and salts and fats and by incorporating more healthier nutrients into its products. Once again we also see that Nestle embarked upon a method or business pattern of a large number of acquisitions. Through these acquisitions, Nestle tried to buy over certain reputed names in the healthcare product industry and enter the arena on a global scale. It made some very huge investments in the process of these mergers and acquisitions.

    Essay Part 01:

    In this context, one point that can mention could have been a pressing concern for the company. Especially during the years that immediately preceded the financial crisis era. The case study reveals that in the year 2005 Nestle did make drive the market for healthcare products and nutrition food. Which was when the company had to make some huge investments. However as even mentioned by the experts the company could not expect any immediate returns or profits from these investments. The company had to struggle considerably to push the volume of its sales. And face stiff competition from the already existing big layers of the said industry.

    Another point that happens to be an addition to the mentioned point is that in the effort of being a world player in the NHW segment the company did make huge and well-diversified investments. This also could have posed a challenge to the company, especially during the recession period. We also see that as mentioned by the then CEO Bulcke, maintaining the company’s position in those challenging times happened to be quite critical. In those times we see that the company had taken a strategy that tried to maintain. Its market index also increases the sales and business volume as far as possible.

    Essay Part 02:

    We do see that in the strive of being a world-renowned NHW segment company and of changing the brand image of the company. The management of the company had invested heavily in various measures of entering the industry of NHW and of fortifying its market position in the company in the said industry segment. In comparison, the same not as aggressive stance stood taken by the company in boosting its sales vigor. And taking equally dynamic marketing endeavors. As result, we see that the company even failed to achieve its said initial targets. Which it had set for itself when it entered the NHW sector.

    Once again we also see that the company at least to some extent did digress away from it. Its path of being an NHW company when it also bought some fast food chains. This the company said was a calculated measure. Since it could not do away with the strategy of being a diversified company. However, the company did induce certain health measures into the fast food items. And did incorporate some healthy items into the menu preparations.

    It can say that the mission of the company happened to be of providing its customers with good taste and a healthy lifestyle through its products. To implement the same to an excelled level and to make a mark in the market in the long run the company did embark. This journey of entering the health and nutrition products. In doing so we see that the company stood faced with a series of advantages that arose. Its strengths and also disadvantages arose from its weaknesses. In the following part of the discussion we take a look at both of the considerations:

    Advantages:

    • The company that is Nestle happens to be a big name. Which ensures that the brand already has an acknowledgment in the market. And the consumers or the retailers do not need to be brief regarding the profile of the company. This facet was a particular strength of the company that enabled a certain percentage of market penetration.
    • The company had enough capital power which could enable the company to indulge in strategies of acquisition and elaborate R&D endeavors.
    • Nestle was already in the food industry, which gave it considerable leverage.

    Disadvantages:

    • The company went into a very elaborate process and method of acquisition and mergers. Which ate into a considerable amount of its financial resources of the company. This could have posed a challenge during the financial crunch period.
    • Nestle in its strive to be a world leader in the arena of the NHW sector did not put enough stress on the marketing part. Which led to the loss of target achievement.
    • It did pose a contradictory figure when the brand bought over fast food item chains. It helped its critics criticize its image as an NHW company.

    Finale:

    Quite surely the strategy of Nestle to enter the NHW sector was a well-tailored plan that will yield high returns in the future, nevertheless, a more profit-oriented endeavor could have helped the company overcome the revenue issues that did surface during its transition phase.

    Suggestion:

    It could recommend to the company that the brand instead of trying various products in the NHW field could single out a more streamlined array of products on which the company will try to concentrate during its initial period of entering the NHW industry or market segment. This would also help the company streamline its marketing procedure and the company can adopt more aggressive marketing endeavors that will help the company achieve better sales volumes. With time these returns could again be profitably used in the R&D endeavors that will help the company come up with better and improved brands and also at the same point establish itself as a global, market leader.

    A Case Study on Nestle a Multinational Brand Image
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  • Opportunities and Challenges of CPA Auditing Essay

    Opportunities and Challenges of CPA Auditing Essay

    This Essay article Discussion of Opportunities and Challenges of CPA Auditing. With the advent of the era of big data, the audit industry faces a new information environment. Against this backdrop, audit risks and approaches can change dramatically. Compared with traditional CPA auditing, CPA audit in the era of big data reflects more aspects that traditional CPA audit cannot or is difficult to do. Which improves the quality of audits, increases audit responsibilities, and makes the audit industry more effective. more opportunities.

    Here are the articles to explain, On the Opportunities and Challenges of CPA Auditing in the Era of Big Data Essay!

    Big data reduce audit risks, improves the quality of audit work and results, and realizes all-around management of CPA audits. However, the advantages and disadvantages of big data stand also two-sided. Although there are many conveniences, there are inevitably some problems. Such as the confidentiality of financial information, the difficulty of supervising and managing audit work, etc. You may also like to know about A case study of CPA audit failures in listed companies.

    Whether it can seize the opportunity brought by the era of big data, face challenges, reduce the risk of independent audit failure, and improve audit quality has become a problem that the certified public accountant, Therefore, the auditing industry should consider how to adapt to the auditing model in the era of big data to better build auditing in the new environment. This article will focus on this issue and analyze the risk and quality of CPA audits.

    Characteristics of CPA audit in the era of big data

    Comparison of traditional CPA audit and big data CPA audit

    Traditional audits exist mainly conducted manually and in a paper-based environment. Big data auditing uses more new technologies. What is the Comparison between Chinese and Western cultures? The similarities and differences between the two can analyze as follows.

    The same

    Both traditional CPA audits and big data CPA audits must use the ” CPA Law” and related standards as business standards and professional norms and use relevant laws, regulations, and accounting standards as the criteria for judging whether the audited unit’s fiscal revenue and expenditure are legal.

    And whether it is a traditional or big data audit, the audit process must go through the three stages of preparation, implementation, and reporting, investigation, and understanding, signing of business agreements, evaluating internal control, confirming the level of importance, analyzing audit risks, formulating plans, and correcting The audited unit conduct internal control tests, performs substantive tests on statements, organizes audit evidence collected in the audit business, audits working papers, forms audit opinions, prepares reports and other basic audit procedures to express audit opinions.

    Differences

    In terms of audit evidence, traditional CPA audits mainly exist on paper. And audit evidence exists obtained by finding the account books and related materials of the audited unit. While big data CPA audits reduce complicated paper tasks. The audited unit collects audit evidence; in terms of audit procedures, traditional CPA audits mainly rely on traditional audit procedures, while big data CPA audits add more technical support to make it more convenient; in terms of audit methods.

    The traditional CPA auditing method is a sampling audit, while a big data CPA audit can conduct an overall audit; in terms of audit time, a traditional CPA audit is a regular audit, while a big data CPA audit more uses a real-time audit; Opportunities and Challenges of CPA Auditing requires manual operation of the audited unit, while big data CPA audit requires the audited unit to adopt automatic control; from the perspective of staff, traditional CPA auditors need professional skills, while big data CPA audit requires auditors to master the ability to operate these information technologies; From the perspective of audit thinking, traditional CPA audit needs to analyze each part of the audit object first, then integrate and summarize it.

    Big data CPA audit breaks the traditional audit thinking, masters the audit object, analyzes the data, and then makes an overall evaluation; audit In terms of risk, traditional CPA audits have many risks because they are mainly sampling audits. Big data CPA audits realize overall auditing, which reduces the risk of sampling audits on the one hand; in terms of audit quality, traditional CPA audits cannot guarantee audit data. The comprehensive and big data CPA audit enables auditors to use computer technology to avoid manual errors, make the audit objects more comprehensive and complete, and the audit quality becomes higher.

    The basic characteristics of big data CPA audit

    Because of the support of big data, the overall audit can realize. Even in the face of a large number of samples, the sampling method stands no longer used. Which reduces the audit risk and improves the accuracy of the audit results. Big data enables the audited unit to use external data, which solves the disadvantages of traditional auditing that it is difficult to obtain and use external data and can detect possible problems from many aspects, improving the accuracy of auditing. In the big data environment, auditors can directly use the original data to complete the corresponding audit work, reducing the possibility of fraud by the audited unit, and greatly saving time, manpower, and material resources.

    Because the audit work under big data runs on the Internet, auditors do not need to go to the audited unit for investigation, nor do they need to work at a fixed time. Only one networked computer can work, making the audit work more flexible. Greatly improve audit efficiency. Big data auditing makes the classification of budget quota indicators more refined, which improves the comparability between indicator values. Big data auditing can reduce audit costs. For example, audit work papers need to store for about 10 years. Using big data information technology can save data on cloud platforms and reduce paper usage.

    Auditors data auditing

    Auditors can also use the cloud platform to work. Which stands not limited by time and space, reducing the corresponding management costs. Opportunities and Challenges of CPA Auditing. Big data auditing changes the content from financial auditing to comprehensive performance auditing. In the past, auditing mainly focused on the revenue and expenditure of the audited unit, which made the audit supervision only analyze the financial data, and could not analyze the business indicators of the audited unit in depth, resulting in auditing. The results cannot fully reflect the performance status of the audited unit. While the big data audit makes the data of the analysis of business information. So that the comprehensive performance audit can realize.

    Opportunities and challenges faced by CPA auditing in the era of big data

    Opportunities for CPA auditing in the era of big data

    Improve audit quality

    The main reason why traditional audits use sampling audits is that enterprises need to audit a lot of data. And information and the collection of data require a long process and time. These limits work efficiency to a large extent, so only sampling audits can use, big data Auditing realizes a comprehensive audit. Opportunities and Challenges of CPA Auditing. Which greatly improves audit quality. Due to the use of big data, the audit evidence has become more, more accurate, and more comprehensive, and all data under the big data audit is open and transparent, so there is no interference from other factors. It is for these reasons that audit quality will greatly improve.

    Audit risk reduction

    Big data technology has a powerful ability to process information. Which greatly reduces the pressure of audit work, and through big data technology. A more accurate answer can obtain, making the audit work more comprehensive, thereby reducing audit risks. The application of big data will also reduce fraud because the application of technology makes audit data more transparent, and all information can make public. audit risk.

    Audit cost reduction

    Under big data technology, the working time and space of auditors have become flexible. And the upload and entry of some materials can save to the Internet system or cloud data platform. Which can save space and can also stand permanently stored. At the same time, it can directly search on the Internet, which improves work efficiency. Saves time and space, and reduces audit costs to a large extent.

    Challenges faced by CPA auditing in the era of big data

    Relevant auditors need to have data analysis capabilities

    From traditional auditing to big data auditing, auditing methods have changed. It is far from enough to rely on previous skills. When using big data auditing, you must be sensitive to data and have the ability to analyze data. , and to be proficient in using relevant software to analyze and process data, and then draw true and reliable conclusions. In addition to the above abilities, the audit work also requires knowledge of the law, economy, management, and other knowledge and the ability of interpersonal communication, the use of information system technology, the ability to evaluate internal control, etc.

    The audit work is a comprehensive and complex talent with comprehensive knowledge. At this stage, the audit department Most of them are audit staff, lacking professional technical analysts, and some older staff may be slow to accept new technologies. This seriously affects the development of audit work in the big data environment. Therefore, it is necessary to improve the professional and technical capabilities of auditors and to cultivate auditors’ working ability to understand big data technology and its application in audit work.

    Audit application technology is backward

    Big data auditing is different from traditional auditing. It is a brand-new auditing method. Big data auditing no longer relies on the data collected, sorted, and analyzed manually in the past. These tasks will realize by computers. However, the computer does not directly provide accurate data to the audit staff but provides traditional display methods such as picture information and video, which are difficult to accurately convey the information, so the auditor needs to process the data to make it visualized again. However, when applying information technology, the low level reduces the ability to accurately analyze data.

    Data privacy issues

    The big data audit results stand uploaded through the network. So it is difficult to ensure the confidentiality of the data. Due to the high commercial value of the activities involved in the audit work. Some auditors may disclose data content that violates professional ethics for profit. However, in the current cloud computing model, it is very difficult to supervise and manage the audit work well. Since the audit results stand managed by a third party. The audit-related personnel can easily evade their responsibilities. Another aspect is the risk of the network system. Which requires enterprises to improve the defense capabilities of their audit systems and the ability to deal with various network risks. Otherwise, a loophole in the system will leak information and cause irreparable losses.

    Development strategy of CPA audit in the era of big data

    Strengthen the training of relevant professionals

    The application of big data auditing requires a large number of talents with professional skills, and now most auditors do not have this ability, so it is necessary to provide the professional ability and skill training for auditors and to change the auditors’ ideology and thinking, In addition to training staff who can use big data auditing, it is also necessary to train auditors in the audit team to have the skills to analyze and evaluate audit big data, to better ensure the accuracy and reliability of big data. In the training process, it is necessary to teach students by their aptitude. So that each person participating in the audit personalizes.

    Build your data platform

    When using the big data platform, it is easy to block when collecting data and information. When the audited unit requires an audit report with no reservations. The requirements of the audited unit and the requirements of the auditing standards will contradict each other. At this time, if a business When the firm has its database and its data platform. The firm can enter customer data and then research it. Using these data can better understand the past and present of the enterprise, predict and analyze the future development of the enterprise, and then can expand the scope of the accounting firm’s business so that the accounting firm can carry out business such as forecasting, tax representation, consulting and corporate strategy, and can expand its business scope and bring more benefits to it.

    Improve safety awareness and strengthen risk prevention

    Because the computer audit results stand uploaded through the network. It is difficult to ensure that the data is completely confidential. First, the big data cloud platform must be encrypted to control user access and control big data to protect sensitive private information. Secondly, to implement protection in the process of big data collection and analysis, different managers need to be used in the implementation process. Finally, it is necessary to establish a security platform of a heterogeneous data center that is detected by meshed clients, to detect anomalies in time, so that data can be protected from the most basic places.

    Improve the audit organization model

    The traditional audit organization model adopts a decentralized method, most of which is group analysis. The staff work in small groups, and then the data analysis through groups. The big data audit model is a unified overall data body. It is based on data analysis and the audit work carried out with data as the core. It can effectively integrate resources and become more scientific and accurate.

    Standardize auditing standards and formulate policies and regulations

    Under today’s big data auditing model, my country’s auditing system has not changed because of this. The current auditing system is only aimed at traditional auditing procedures, while big data auditing procedures have changed. Therefore, the state should support and encourage big data. At the same time as data development, relevant policies are issued and implemented to truly and effectively promote the development of the big data industry, so that auditors can have more standardized guidance and relevant reminders when using big data auditing in various audit business links. to reduce audit risk.

    Opportunities and Challenges of CPA Auditing in the Era of Big Data Essay Image
    Opportunities and Challenges of CPA Auditing in the Era of Big Data Essay; Photo by Amy Hirschi on Unsplash.
  • Business Accounting and Management Strategy

    Business Accounting and Management Strategy

    Essay Discussion on Business Accounting and Management Strategy of Modern Enterprises. Commercial accounting is an important part of modern enterprise management, and it is also the soul of an enterprise. It occupies a very important position in the development of an enterprise. In recent years, as my country’s reform and opening up have continued to increase, the economic and trade exchanges between China and other countries in the world have become more and more frequent, and China’s developmental economic policies have attracted more and more foreign investment. The degree of domestic enterprises participating in the market competition has also increased significantly.

    Here are the articles to explain, A Brief Discussion on Business Accounting and Management Strategy of Modern Enterprises Essay.

    Modern enterprises have shown signs of diversified development in cross-industry, cross-ownership, and cross-domain aspects. Which greatly promotes the vigorous development of modern enterprises in my country. In such an era background, the traditional accounting management system appears to be unable to meet the needs of the market economy development, and various problems have also appeared in the actual enterprise management. Modern enterprises are faced with the dual pressure of domestic and international competition.

    How to maintain long-term and stable development in the market competition. And how to make the business accounting management system a powerful driving force for enterprise development have become important issues that modern enterprise management has to face and solve. . After my country entered the WTO, cooperation with other countries in the fields of economy, technology, culture, and politics has gradually increased. Our country’s open economic policy has attracted a lot of foreign investment, and multinational enterprises. And Sino-foreign joint ventures have sprung up like mushrooms after a rain.

    This favorable economic situation provides a rare opportunity for the development of domestic enterprises. But it also makes domestic enterprises face huge challenges. They have to face the pressure of domestic market competition and seize a place in the international market. Therefore, to achieve long-term development in today’s market environment, modern enterprises must continuously improve and innovate in all aspects of enterprise internal management. As the core content of modern enterprise management, the commercial accounting system should also take corresponding management measures. . This paper analyzes the relevant content of modern enterprise commercial accounting. And proposes relevant measures to improve modern enterprise commercial accounting management.

    An overview of business accounting management

    In modern enterprise management, the accounting management system undoubtedly occupies an extremely important position. It controls the economic lifeline of the enterprise and is indispensable. And important content in the process of production, operation, and development of the enterprise.

    Commercial accounting management refers to systematic, continuous, comprehensive, and comprehensive reviews. And the recording of the capital in and out of enterprises through capital statistics, double-entry bookkeeping, accounting, and currency measurement. And other methods are based on the development of modern commercial enterprises. , supervision, and internal economic management activity. Also, a professional knowledge system to improve the economic benefits of the enterprise.

    Commercial accounting is mainly aimed at commodity circulation enterprises. It conducts accounting and management through the purchase, sale, and storage of circulating commodities escorts the commodity circulation of enterprises, and achieves the purpose of serving enterprise management.

    The characteristics of business accounting management

    The support type of business accounting management in modern enterprise management

    In the various experience activities of modern enterprises, capital management is an extremely important link. It is the economic basis for enterprises to carry out various business activities. And the capital management and financial management of enterprises must be established based on various business activities of the enterprise. It must also be based on the business activities of the enterprise. The two are interrelated and inseparable. From this aspect, business accounting management provides important support for the management and development of modern enterprises.

    The dynamic nature of business accounting management in enterprise management

    The ultimate purpose of business accounting management is to improve the economic effect of the enterprise. And promote the long-term and stable development of the enterprise. It essentially serves the management and development of the enterprise. Today, with the rapid development of the market economy, modern commercial enterprises are faced with dual pressures from home and abroad, and must constantly improve their management. Therefore, business accounting management must also continue to innovate and reform and make reasonable decisions for the development of enterprises from a long-term perspective. planning, to realize the dynamic management of business accounting for enterprises.

    The fullness of business accounting management in enterprise management

    As an important part of modern enterprise management, business accounting management is not an independent individual. It has a close relationship with enterprise leaders, management, and various functional departments. From a horizontal perspective, business accounting management is inseparable from the cooperation and support of various departments of the enterprise, and it also plays an important role in all aspects of enterprise management. From a vertical perspective, business accounting management requires close unification and coordination among managers of financial departments, various staff, and enterprise managers. Therefore, commercial accounting management has a strong hospital-wide character in the operation and management of modern enterprises.

    Reciprocity of business accounting management in enterprise management

    At different stages of enterprise development, the accounting management system has different support for enterprise development, and there are also great differences in the way it acts on enterprise management. However, fundamentally speaking, the subjective wishes of enterprise managers are to improve the economic benefits of the enterprise and maintain the long-term and stable development of the enterprise, especially in the face of financial risks, the importance of business accounting management is more prominent, it needs Reciprocal responses to various financial risks.

    The important position of commercial accounting management in the process of modern enterprise management

    Business accounting management can escort the development of modern enterprises at different stages

    In the early stage of enterprise development, the biggest problem faced is the problem of capital and production. The focus of business accounting management is also on fundraising and ensuring the smooth development of the production and operation process; in the mature stage of enterprise development, business accounting management can be used to a large extent. To ensure the safety of enterprise funds and improve the economic benefits of enterprises; even in the recession period of enterprises, business accounting management can make reasonable plans for the future development of enterprises and promote the transformation of enterprise management strategies.

    Business accounting management is an important part of modern enterprise management decision-making

    In the process of business development, enterprises will face various opportunities and risks. How to seize the opportunities to promote the long-term development of the enterprise. And how to face the challenges and minimize the risks of the enterprise, enterprise managers need to make scientific and reasonable decisions. The decision-making resolutions guide the future development of the enterprise. In these decision-making decisions, business accounting management is undoubtedly the most important content. Only by ensuring the safe and reliable operation of the funds of the enterprise can it escort the development of the enterprise.

    Business accounting management is consistent with the management characteristics of modern enterprises

    The ultimate goal of modern enterprise management is to improve the economic benefits of the enterprise and promote the long-term development of the enterprise. Inside the enterprise, the production system, marketing system, personnel system, and financial management system are the most important links. Modern enterprises will make different management strategy adjustments according to different era backgrounds in their operation and management so that the management of enterprises can better meet the needs of the market, and the dynamic management of business accounting also makes it consistent with the management of enterprises themselves.

    Business accounting management is a necessary means to improve the competitiveness of enterprises and promote the development of Business accounting management is the core link of enterprise operation and development and is also an important guarantee for escorting enterprises at all stages. With the continuous development of society and the economy, the opportunities and challenges faced by modern enterprises in the process of operation and management continue to increase.

    To maintain strong competitiveness in the market competition, enterprises must use commercial accounting management to put forward scientific and reasonable plans for the development of enterprises; In addition, with the continuous influx of foreign-funded enterprises, enterprises must maintain sufficient vitality and competitive advantages in the external market while facing competition in the internal market. From this point of view, the role of business accounting management is particularly important. It is also a necessary means to promote the long-term development of enterprises.

    Business accounting management strategies based on modern enterprises

    Improve the financial management system and department functions of the enterprise

    In the process of operation and development of modern enterprises. The operation of commercial accounting management is inseparable from. The support of relevant financial management systems and the due diligence of financial departments. In the process of enterprise development, it is necessary to continuously improve the financial management system to provide a scientific basis for commercial accounting management. In addition, the financial department must actively perform its functions. So that commercial accounting management can provide solid backing for the development of the enterprise.

    Improve the team building of enterprise financial management personnel

    The financial department is the core department of a modern enterprise. And the comprehensive quality of financial personnel directly affects the efficiency of enterprise accounting management. Therefore, modern enterprises should continuously improve the comprehensive quality of financial management personnel through various means, and make them realize the importance of their responsibilities. In addition, enterprises should vigorously cultivate and introduce professional financial technical personnel to continuously inject fresh vitality into the financial system of the enterprise and to continuously improve the overall quality of the financial personnel of the enterprise.

    Maintain a balance between corporate profits and liabilities

    In the production and operation process of an enterprise, profit is the main purpose. But if there is profit, there will also be debt. This is inevitable, and once the balance between the two is broken, it will hurt the development of the enterprise. However, we can maintain the balance between the two at a relatively scientific, reasonable. And safe level through a series of means of business accounting management, to ensure the smooth progress of the production and operation of the enterprise.

    Strengthen the control and supervision of the financial system within the enterprise

    The financial department of an enterprise is a relatively independent special department, which controls the economic lifeline of the enterprise. Therefore, in the process of enterprise development, it is inevitable that there will be vicious phenomena. Such as the use of power for personal gain, the misappropriation of public funds, and the misappropriation of public funds. bad influence. Therefore, modern enterprises should strengthen the control and supervision of the financial management system, and promptly remove all kinds of financial hidden dangers that endanger the production and operation of the enterprise to ensure the smooth progress of financial management.

    Improve the anti-risk ability of the enterprise financial system

    Enterprises will encounter various difficulties and risks in the process of production and operation. Which greatly affects the development of enterprises. Based on this, the ability to resist the risks of enterprise finance is extremely important. Therefore, modern enterprises should continuously improve their financial anti-risk ability. Make various anti-risk plans, and take established measures to solve various risks in an orderly manner. To ensure the safe and stable development of enterprises.

    Expanding the source of enterprise funds Enterprises need a lot of funds as support in the process of development. And the lack of funds and follow-up shortages will seriously affect the long-term development of enterprises. However, it is not enough to rely solely on the support of external funds. Enterprises should constantly improve their internal financial hematopoietic mechanism. Expand the source of funds for the enterprise, and continuously provide sufficient funds for the development of the enterprise.

    Conclusion

    With the continuous development of the market economy, modern enterprises will face more and more challenges. To maintain sufficient competitiveness in the market competition, enterprises must continuously improve their management systems and improve the scientific and reasonable decision-making of enterprises. To achieve these, business accounting management is an indispensable means, which can maximize the utilization efficiency of enterprise funds and resources, improve the economic benefits of enterprises, and thus promote the long-term and stable development of enterprises.

    A Brief Discussion on Business Accounting and Management Strategy of Modern Enterprises Essay Image
    A Brief Discussion on Business Accounting and Management Strategy of Modern Enterprises Essay; Photo by Tyler Franta on Unsplash.