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DISCUSSION
“Global trends - Artificial Intelligence (AI) are transforming the world of work and reshaping the future of the accountancy profession.”
Will the accountancy job have replaced by AI? Discuss the changing roles of Accountant’s role today.
The role of accounting in a business is to ensure the statements and documents the company produces are accurate and up to date. Businesses have legal responsibilities for maintaining their internal accounting to a high standard, with specific compliance guidelines to follow depending on the industry.
Based on your opinion, what are the roles of accounting and its relationship to shareholder value and business structure? Justify your answers.
The term budget refers to an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Budgets can be made for any entity that wants to spend money, including governments and businesses, along with people and households at any income level.
You are required to develop your own monthly budget for your income and spending.
Accounting information usually provides business owners information about the cost of various resources or business operations. These costs can be compared to the potential income of new opportunities during the financial analysis process. This process helps business owners understand how current business operations will be affected when expanding or growing their businesses.
You are required to analyze the role of accounting information in marketing, operating, banking and finance and accounting decisions.
If you were to invest your money in some kind of a project, what would convince you to do so? You would probably think about making quick and high levels of profit. However, how can you know how quickly you will get your invested money back and how much you will earn? A way to find out is through investment appraisal.
1) Explain different methods of investment appraisal methods.
2) Differentiate between profitability and liquidity
3) Describe on how to manage cash conversion cycle in a busines.
Corporations often need to raise external funding or capital to expand their businesses into new markets or locations. It also allows them to invest in research & development (R&D) or to fend off the competition. And, while companies do aim to use the profits from ongoing business operations to fund such projects, it is often more favourable to seek external lenders or investors to do so. Despite all the differences among the thousands of companies in the world across various industry sectors, there are only a few sources of funds available to all firms.
1) Explain differences between internal and external source of funds with examples.
2) Describe the shares listing requirements and procedures for a company in Bursa Malaysia.