Goods Spend Analysis Report Essay Example for Free

Goods Spend Analysis Report Essay Gathering complete and accurate data of total goods spending requires the access to spend data from all relevant sources both within and outside the company. Good data cannot be collected when spend analysis is not supported by stakeholders including customers, suppliers, and internal clients. Step Two: Form a spend analysis team The company needs to realize that spend analysis is too critical to be assigned as an additional duty of purchasing department. A spend analysis team should be formed and dedicated to collect and analyze data and perform more strategic functions such as future spend forecast, budget review and adjustment, and program research. Step Three: Examine data quality and identify an effective data management process A considerable number of purchase orders or purchasing activities are not electronically transmitted in the company therefore the accuracy of purchasing records must be examined. In order to obtain complete, accurate, and consistent data, all stakeholders should identify an effective data/record management process to ensure accuracy. Step Four: Create a proper classification schema It’s very unlikely that the company will adopt an automated spend data management system designed for spend data extraction, cleansing and classification process. The spend analysis team will have to determine how to group spend data around distinct commodities with the concept of strategic sourcing in mind. Spend data should be categorized at the item level, providing visibility and allowing comparisons of detailed attributes across suppliers and commodities. Step Five: Implement spend analysis reports on a monthly basis The monthly spend analysis reports should highlight the top suppliers, internal customers, commodities receiving spend. Other reports addressing accumulated savings and process improvement should also be implemented and shared with other stakeholders for the purpose of involving them in advanced sourcing plans. Reporting will provide a high visibility into spending and help develop a cost-saving model to be used in strategic sourcing. Specific Key Triggers The company has a high percentage of single sourcing for direct commodities as they have signed contracts with the suppliers in Asia who manufacture different product lines for them. They have negotiated low rates for the products that will be manufactured and shipped to Canada and then directly distributed to customers (mainly retailers and gift stores). Since the company has a large customer base instead of a large supplier base, the key triggers to be considered for focus are high dollar value of direct goods or product lines, high dollar value of make-to-order for customers, high dollar value of indirect goods for internal customers, and high number of transactions of indirect goods for internal customers. Procurement Strategy and Spend Analysis All the products must pass safety and lead testing in Canada before selling and distribution. The procurement strategy the company currently employs is low cost with standard quality. The goods spend analysis recommended in this essay will work well with the company’s procurement strategy. It is true that the company is struggling to reduce costs and cut spending at all levels, however, they cannot afford sourcing products with lower quality as the spending on inspection and disposal will dramatically rise. In order to monitor and manage spending properly, strategic spend analysis is the only effective tool they can use to achieve the goal.

Why is Nancy such an important character in the novel Oliver Twist? Ess

Why is Nancy such an important character in the novel Oliver Twist? Nancy is a character whose personality is two sided, despite the fact that Nancy is a prostitute. Readers like Nancy even despite her faults because she has two personalities. There are many reasons why Nancy is such an important character in the novel. One of the reasons is that when you see her, she is described as if she wears a lot of make-up, has a lot of hair and that she doesn’t keep her self organized (tidy). At that time, this wasn’t respectable for a young woman. This gives the reader the impression that Nancy is a prostitute, who is just a low life woman trying to make a living. The connection between Oliver and Nancy in the novel truly shows how Nancy’s personality is. E.g. Most people would recognize Nancy for who she is, by her looks most likely. But Oliver doesn’t see Nancy this way, he sees her as a friend and a nice lady. This tells you that Oliver & Nancy are both innocent and because of this innocence, Nancy wants to help Oliver. As the story starts to develop, you get the idea that Nancy has another more caring side to her. This side is shown on page 142 where Nancy says to Bill Sikes, that he’ll have to go through Nancy before he can attack Oliver with the dog, Bullseye. This shows that she cares for Oliver and that she doesn’t want Oliver to get hurt in any way. Also an alternative way to tell that Nancy has a better side to her, is when she says to Bill Sikes that he can smash her head against the wall, but she won’t let him touch Oliver. At this point in the novel, Nancy feels a great bond with Oliver, in which she cares for him and doesn’t want him to get hurt. Dickens in this novel builds up sympathy fo... ...is own way, by provoking Sikes to kill Nancy. Just before Nancy is killed she is happy to see him because Dickens writes â€Å"It is you, Bill† said the girl with the expression of pleasure when he returns. This proves that she has two sides to her character because she spoke to Rose Maylie, she does not betray her friends. Nancy always tries to find the best way, and that also meant making sure she doesn’t betray her friends. This makes Nancy probably the most realistic character out of them all, mainly because of her two sided personality and because she develops the story and how she cares for Oliver. Because Nancy’s character is not too bad and not too good, it makes the story more realistic and believable. She is one of the characters who like Oliver and the only one with a true personality and in a way the only character who expresses her feelings.

Inseparable Companion

The main character of this book is a St. Bernard and Scotch Shepherd mix, named Buck. As I read the book, I found out that Buck can be very loyal and trustworthy to his master, if his master is loyal to him. Also, at times I found that Buck could turn into an enraged beast very easily. At home, which was a large house called Judge Miller†s Place, in the sun kissed Santa Clara Valley in California, Buck ruled over all of the dogs that were there. Buck was Judge Miller†s inseparable companion, until a man named Manuel, who was one the gardener†s helpers, committed a treacherous act. In order to cover his Chinese lottery gambling debts, he stole Buck from his sound sleep and brought him to a flag station called College Park. There, the exchanging of money took place. Buck was loaded onto an express car to Seattle. On his way to Seattle, he found that a man in a red sweater repeatedly beat him. From then on, I knew that Buck would never forget that experience. In that part of the book, I found out that Buck was now an enraged animal and could only be tamed by repeatedly being hit with a club or a whip. At this point of the book, I was thinking about Judge Miller. He would†ve sent out a message or an investigation in order to find Buck. Because Judge Miller had a big house to live in, the book implied that he was wealthy. The trip to Seattle must of taken days and by then, Judge Miller would†ve been worried sick about his inseparable companion. As the story goes on, Buck†s first experience of snow left him feeling pretty stupid. When the train got to the station in Seattle, two men named Perrault and Francois bought him. Then, they put him on a ship called the Narwhal. At this point of the book, I was thinking about the cruelty of animals and how the humans treated them. It was cruel, but I guess they didn†t care. The Narwhal took Buck to the Yukon where he was trained to be a sled dog. There were other dogs that Buck had grown to know well during his training. In a matter of time, Buck became a great sled dog. Francois and Perrault took the huskies and mix breeds from Dyea Beach to the town of Dawson. There were many conflicts with Buck and Spitz, who was the leader of the dogs. From then on, Buck†s motivation was to survive the freezing cold weather of the arctic. Buck was very ambitious to be the leader. In some ways, I find that Buck can be satanic. To become the lead dog of the sled team, he would fight to the bloody death of the lead dog, and that was what he did later on in the book. When I was reading, I noticed something in the writing of Jack London. Francois and Perrault must of came from France or something. Their English was really bad. It took me a while before I could really understand what they were saying. An example of this was when Francois was talking about how there was no other dog like Buck. â€Å"Nevaire such a dog as dat Buck!† he cried. â€Å"No nevaire! Heem worth one t†ousan† dollair, by Gar! Eh? Wot you say, Perrault?† When Spitz was killed, Francois and Perrault didn†t even make Buck the leader of the pack. Buck became enraged and pushed himself harder than ever to achieve the roll of being the leader. As days past, Francois and Perrault made the trip to Dawson. By the time they got there, most of the dogs were severely wounded. Some of them had broken legs and some of them were severely sick. The dog that was in best condition was Buck, although he had many wounds and bruises. When Francois and Perrault got to Dawson, Buck was traded to a family who knew absolutely nothing about managing a sled team. This part of the plot didn†t seem right. There was a rich family who could†ve taken a train to their destination instead of risking their lives in the freezing cold; meanwhile, taking a crew of dogs and having to feed them and having to stop each night can kill the dogs if not treated right. The plot continues when the family packed too much on the sled. It was too much for the dogs to pull and it was mostly unnecessary baggage. The driver told the dogs to start. They pulled as hard as they could but the sled didn†t budge. Luckily, a local came along and told the family to throw away their tent. They started and finally got somewhere. As the sled made a sharp turn, some of the access baggage tipped over and the trip was barely completed because of the harsh weather, inadequate supplies, and poop management skills of the dog handlers. This was a beginning of a bad start of Buck and the family. Perhaps the only sane one in the group was John Thortnon. When the family started to repeatedly beat on Buck, Thornton became enraged and threatened to kill the man. Shortly after, Thornton unhooked Buck from the sled, nonetheless the rest of the family left John Thornton. As the sled took off, it slid on a lake and then began to sink. This situation left me to think about what it would feel like to be a dog in those days. It leaves a horrible scene in my mind because seeing a whole crew of sled dogs sink in freezing cold water is very hard to imagine. This situation left John and Buck to fend for themselves. As time pasted, John and Buck became the best of friends. The rest of the book concludes all of the good times that John and Buck have together. In this book, Jack London makes Buck look like a human being instead of a dog. It is not that realistic because Jack London makes the dog feel human emotions. An example of this is at the end of the book when Buck discovers that John Thornton is dead because of the Indians. It said in the book that Buck felt and remembered all of the times that they have spent together. I think that Jack London uses a writing style that everyone can understand. Overall, I think that The Call of the Wild is an exhilarating and an exciting novel. It is packed with drama and adventure. Throughout the chapters, this book takes you through many stages of a dog†s life. I would recommend this book to anybody who is interested in reading about dogs and the arctic. I think that this book has to do with the love from a dog to a man than anything else in the book. Overall, I think that this is a great book and I recommend that you read it.

Expository Essay Career And Psychology - 865 Words

Expository Essay Remembering back we had just come out of the 1950’s with straight lace kids to a world of kids who thought something was wrong with America, rock ‘ n roll, rebellion. Those were turbulent times for families with gangs and turf wars. Parents would lead and guide their kids into careers particularly the medical field as doctors, nurses or lawyers. In some way those were simple times back then, guiding them and being with them every step of the way, until they were in their perspective fields and, jobs. Supporting Point#1 – (subtopic 1): Career /psychology, counseling– Study.com Counseling 101 chpt.1 lesson.03 a. In the early 1960 and or before this date the nation was plagued with the hippy cultural, the sexual revolution, psychedelic lights pills, pcp, heroin, cocaine and cannabis weed ( not all at the same time some reared its heads sooner than others), and the civil rights movement. This brought about an explosion of psychologist and counseling psychiatrist. Davis, Anthony, Brown (1975) Therapeutic approaches to children in residential treatment: Changes from the mid-1950s to the mid-1970s. b. At this time in history, vocational counseling was also on the scene led by Frank Parsons which helped guide people to the right careers based on their interests and abilities. With this graduation would soon became apparent, the reality of them setting up businesses in psychiatry,Show MoreRelatedI Have A Good Writer949 Words   |  4 Pagesfirst essay; a narrative. My narrative was about something that happened years ago that traumatized me. Being able to get out what had happened and express what I needed to was liberating. But aside from feeling better about the event, I had written my first real essay. A real, five page, no bull paper. That was a huge milestone in my writing career. Also, beginning with a narrative was nice because it was simple enough to be easy, but still challenging. Next, we wrote an expository essay. An expositoryRead MoreComparison Of Thonney, Williams, And Mcenerney1750 Words   |  7 Pagesexpression, an outlet of creativity to communicate ideas. An individualism thought, purpose, and goal we are able to carry out towards our intended audience. Writing allows us to credit those who have impacted our lives positively. Furthermore, Academic essay writing is an important and effective piece in one’s life in order to gain knowledge that will allow us to present our ideas clearly and logically. Furthering your education consist of constantly writing papers in many college courses in order toRead MoreExpository Essay : The Criminal Justice Department1081 Words   |  5 PagesKortez Campbell English 101-I November 18 2015 Expository essay on college major Introduction The Criminal Justice Department provides educational opportunities to help gain skills and knowledge in the areas of criminal delinquent process, criminology, and corrections while evaluating moral and ethical issue of public servants. As a student at Chowan University my career path is law enforcement. I stride to obtain a Criminal Justice, Law Enforcement Track, B.S degree, obtaining this degreeRead MoreStatement of Purpose23848 Words   |  96 Pages................................................................................................................ 12 Psychology (Clinical--research)............................................................................................ 14 Psychology (cross-cultural) .................................................................................................. 16 Psychology (School) ...........................................................................................................Read MoreEating Disorders and Free Es says8687 Words   |  35 Pagesï » ¿2 = 2 dfhnmxpd h Free Essays Home | Search Essays | FAQ | Guarantees | Privacy | Lost Essay? | Contact Search Results eating disorder Free Essays Unrated Essays Better Essays Stronger Essays Powerful Essays Term Papers Research Papers Search by keyword: Sort By: Your search returned over 400 essays for eating disorder. To narrow your search results, please add more search terms to your query. [1] [2] [3] [4] [5] [Next ] These results are sorted by most relevantRead More2010 Secondary Education Curriculum in English6955 Words   |  28 Pagescurricular programs (Arts, Sports, Engineering and Science Education Program, Journalism, Technical-Vocational Program, and Foreign Language). The latter shall be offered in schools as special interest areas which children can pursue among many other career options in livelihood education. The curriculum has the following features: Features of the Curriculum †¢ Lean- focuses on essential understandings †¢ Sets high expectations (standards-based) – expressed in terms of what students should know and theRead MoreOrganisational Theory230255 Words   |  922 Pagesdemonstrating professional relevance to managers. As Stern and Barley (1996) observe, the political and intellectual climate in business schools ‘discouraged examination of broad social questions, promoted a particular approach to science and created specific career incentives’ (p. 146). As they go on to note, many sociologists were willing victims in all this because being previously tied to departments that had the reputation of being ‘anti-business’ hampered their ability to disseminate their ideas about organizationsRead MoreDeveloping Effective Research Proposals49428 Words   |  198 Pagesbehaviour is to be based on, and tested against, real world data. Together the social sciences cover a very wide domain, and we can distinguish between them in several ways. One distinction is between the basic social sciences (for example, sociology, psychology, anthropology) and the applied social sciences (for example, education, management, nursing). Behind this distinction is the idea that there are different perspectives (for example, individual or group) applied to different areas or settings. Despite

Of Mice and Men. The question is how does John Steinbeck...

Of Mice and Men In the novel, Of Mice and Men, the author, John Steinbeck, takes a strong stance against many social issues. Steinbeck voices his opinions on controversial rights such as women s rights and the treatment of migrant workers. One of the main points that Steinbeck addresses is his dislike for the treatment of African-Americans. He expresses his views through the hardship and turmoil of Crooks, the only African-American character in the novel. Crooks is looked down upon by his peers and is considered inferior by most due to the color of his skin. He is constantly harassed and beaten up by his boss and those he works with. Furthermore, Crooks is not even allowed to socialize or go into the living quarters of the other men. In†¦show more content†¦The constant degradation of Crooks has destroyed hid hope and self-esteem. Crooks tells Lennie that at least he has someone like George. Crooks is jealous that he has never had a true friend and through years or hardships, thinks it impo ssible to make one. He goes on to tell Lennie that most people have a dream but no one is able to achieve. This further demonstrates the lack of faith and hope in Crooks due to the difficulties he has faced in his

unit 7 - 3688 Words

Running head: THREE ABBREVIATED RESEARCH PLANS Three Abbreviated Research Plans Patricia Bolivar Walden University Research Theory, Design, and Methods RSCH- 8100H-6 Dr. Rodney Bowden November 18, 2012 1 THREE ABBREVIATED RESEARCH PLANS 2 Three Abbreviated Research Plans Introduction This paper illustrates how a public health practitioner when presented with a problem, issue, or situation in the community can use a quantitative, qualitative, or mixed methods approach strategy of inquiry to investigate not only possible solutions, but to explore direction to determine a specific treatment or intervention and influence an outcome. Three abbreviated research plans are proposed in this paper as possible solutions to†¦show more content†¦HEALTH DISPARITIES IN THE U.S. POSSIBLE SOLUTIONS 4 Abbreviated Quantitative Plan Introduction The disparities in the U.S. healthcare go beyond the widespread believe that health disparities are exclusive to certain groups of racial and ethnic populations in the nation. Health disparities include differences in health status due to age, gender, sexual identity, religion, mental health, cognitive, sensory, or physical disability (Health People 2020, U.S. HHS, 2010), risk factors for disease and injury, socioeconomic status, access to health care use due to transportation or geography, and difference in the quality of health care delivered and received by all segments of the population (Frist, 2005). In order for an individual to achieve and maintain good health all the aforementioned factors must be addressed to achieve health equality. Therefore, comprehensive, multidisciplinary, and broad- thinking approaches to resolving disparities in conjunction with policy development, ethics, information technology, patient advocates, and research may be the solution to narrow the gap of health care among population groups. According to Healthy People 2020 (U.S. HHS, 2010) health disparity is defined as ―a particular type of health difference that is closely linked with social, economic, and/or environmental disadvantageâ€â€" and it also defines health equality as ―theShow MoreRelatedUnit 7626 Words   |  3 PagesUnit 7 Assignment: Federal Regulations amp; Letter Stephanie Royer PA 201-02 Introduction to Legal Research Professor Cynthia Middleton July 2, 2013 Stephanie Royer 9104 Doane Ave Las Vegas NV, 89143 702-472-3193 Stephaniedawn76@hotmail.com July 2, 2013 Mike Jones Town Manager 2250 Las Vegas Boulevard North North Las Vegas, Nevada 89030 Dear Mike Jones: I am a long-time resident of our city, and I am writing to express my concern about the recent discussion with othersRead MorePtlls Unit 71446 Words   |  6 PagesUNIT 007 Principles of assessment in lifelong learning Craig Pearson (1400 words) 1.1 1.2 1.3 2.1 2.2 Explain the types of assessment used in lifelong learning. Explain the use of methods of assessment in lifelong learning. Compare the strengths and limitations of assessment methods to meet individual learner needs. Explain ways to involve the learner in the assessment process. Explain the role of peer and self-assessment in the assessment process. Assessments are the process of evaluating anRead MoreAccounting Unit 73696 Words   |  15 PagesFran Mackenzie | Management Accounting | Unit 7 | | Zahra Ali | 10/30/2014 | | Assessors comments | Qualification | BTEC Level  3 Extended Diploma in Business | Assessor name | Fran Mackenzie | Unit number and title | Unit 7 Management Accounting ( J/502/5419) | Learner name | Zahra Ali | Assignment title | Tasks 1, 2 and 3 Regional Business Support Agency. Costs and Break Even | | Grading criteria | Achieved? | Comments | P1 | | | P2 | | | M1 | | | D1Read MoreP1 Unit 71069 Words   |  5 PagesP1: Explain the principle sociological perspectives. In this assignment I will be explaining some of the different sociological perspectives in today’s society. The sociological perspectives which I will be explaining will be Functionalism, Marxism, Feminism, and interactionism, Collectivism, Postmodernism and The New Right. The first perspective which I will be explaining will be Functionalism. Functionalism is the view that our society is based onagreed norms and values. A norm is social rulesRead MoreAnswers for Unit 77050 Words   |  29 Pagesprivate sale website RueLaLa.com, acquired by  GSI Commerce  for $180 million, plus up to $170 million in earn-out payments based on performance through 2012. ââ€" ª 2010:US eCommerce and Online Retail sales projected to reach $173 billion, an increase of 7 percent over 2009. Some common applications of related to electronic commerce are as follows, ââ€" ª Email ââ€" ª Enterprise content management ââ€" ª Instant messaging ââ€" ª Newsgroups ââ€" ª Online shopping  and order tracking ââ€" ª Online banking ââ€" ª Online office suitesRead MoreEssay on unit 73343 Words   |  14 Pagesï » ¿Sociology is the study of society and the different social structures within it. Sociology examines the role of the individual within society; it is viewed as the scientific study of society P1: An introduction to sociological perspectives. Functionalism: According to the functionalist perspective of sociology, each aspect of society is interdependent and contributes to societys stability and functioning as a whole. For example, the government provides education for the children of the family,Read MoreUnit 7 Lab 1768 Words   |  4 Pagesï » ¿Baldeo Persaud NT1310 Unit 7 Lab 1: New Building – Safety Plan Safety is very important and should not be overlooked because ignoring it can cost you in the long run. It is vital to plan and test the safety procedures that are to be used in a new structure. Safety should always be a priority in the work area. You should always have a plan in place in case something was to happen unexpectedly. The Safety Plan should follow the rules that are set down by OSHA (Occupational Safety and Health Administration)Read MoreUnit 7 Assignment Essay1076 Words   |  5 Pagesï » ¿ Unit 7 Assignment Nicole Cisco Kaplan University CS204: Professional Presence Dr. McCoy July 2, 2014 Introduction Special Educators are greatly needed in our school systems all over the United States. It takes a special person to be a Special Educator. In most jobs you are in need of patience, but with this career a requirement is patience. Some people are cut out for this career and some are not. Emotionally and physically this job can take a toll onRead MoreEssay on Unit 7 Assignment625 Words   |  3 PagesUnit 7 Assignment CJ230-02: Criminal Law for Criminal Justice Instructor: Prof Castiglione Lorraine Lopez May 5th, 2013 In this essay, I will be exploring the differences between state and federal jurisdiction in criminal prosecutions of murder with respect to crimes against persons. In the United States, both the states and the federal government have authority to prosecute criminal offenses.   The federal government and each state have its own, court system, criminal statutes, prosecutorsRead MoreEssay on Unit 7 Ps3301380 Words   |  6 PagesUnit 7 Project PS330: Personality Development Prof: Benjamin Anderson 1. What is the relationship between cognition and personality development? Put simply, developmental theories of personality follow quite closely the same developmental timetable as cognitive development. The Oral stage of Freud occurs during the Sensor motor period of Piaget; the anal stage, Pre-conceptual stage; the phallic stage, Concrete Operational Stage;

Auditing and Assurance Methodological Issues

Question: Discuss about the Auditing and Assurance for Methodological Issues. Answer: Listing and discussing several factors that contributes to increased inherent risk at financial report level In this particular question, it is required to identify inherent risk from the financial report of One Tel Phone Company. Misstated figures are mentioned in the financial reports and there occur some of the potential risks revealing financial as well as non-financial aspects of One Tel Phone Company (Soh Martinov-Bennie, 2015). It is essential to conduct proper audit process as it will help One Tel Phone Company in minimizing the risk factors. It will further enable or exhibit true as well as fair financial position for viewing at the performance of One Tel Phone Company. Therefore, it has been noted that some factors cannot be controlled even by conducting audit function by the auditors. In this particular case, risks of any error or omission presented in the financial statement of One Tel Phone Company caused by some of the uncontrollable factors such as inherent risk. These risks rise because of high level of complexity mentioned in the financial statement of One Tel Phone Company as well as financial estimation on some assumptions (Simnett et al., 2016). One Tel Phone Company was collapsed in the year 2001 and performed poor from couple of financial years. Even though, One Tel Phone Company has performed poor it has not affected financial position of the current case study company. Balance sheet of One Tel Phone Company indicates the financial position for the year 2000 considered better from previous years. It involves financial disparity of actions viewed from the financial statements of One Tel Phone Company. It is further suggested that there are some of the potential inherent risks revealed in the financial statement of One Tel Phone Company (Simnett et al., 2016). From the financial statement of One Tel Phone Company, it has been noticed that final outcome of business activities provides financial transactions for a particular organization. It showcases various errors or any omissions that are caused from inherent risks in association with potential course of action (Redmayne, 2013). It can be suggested that there are various factors that is responsible for viewing at the increased risk level in the most appropriate way. One of major factor involves marketing plan effectiveness that contributes to inherent risk. Income statement and cash flow statement of One Tel Phone Company reflects upon fact regarding the company as it fails in generating income amount from required operating activities. This occurs because of the inefficient marketing plan by One Tel Phone Company in the given financial years. Proper marketing plan helps in attracting customers and leads to increased incomes or profits for One Tel Phone Company (Moroney et al., 2014). It widely depends upon the accuracy of behavioural pattern as well as market prediction for One Tel Phone Company. Management need to conduct proper research plan for understanding the needs as well as expectations of customers in proper way. Predicting market condition is very difficult as well as complex in nature involving external environment aspects such as political, social and economic attributes. It is impossible in covering all the mentioned aspects. At th e same time, ideal marketing plan requires to covers all the aspects in relation with nature of business as well as products (Messier, 2016). Missing any of the above-mentioned aspects will lead to inefficiency of marketing plan that needs urgent attention. Auditors finds it difficult in controlling the effectiveness of marketing plan as there are various factors leading to increased inherent risk as mentioned in the financial statement of One Tel Phone Company. Another factor involves frequent change in consumers tastes as well as preference considered as one of the inherent risks. It widely affects the financial statement of One Tel Phone Company. In case of telecom industry, customers are habituated in changing the service providers frequently as they get any of the lucrative schemes and offers. Proper marketing as well as advertising campaigns will help telecom companies in attracting many customers in offering innovative plan that proves beneficial to them (Junior et al., 2014). With the rapid change in consumer preferences, telecom industry find it difficult in facing the challenges and it affects the sale of the company for given financial period. Identifying factors during the strategic risk assessment In this particular case study on One Tel Phone Company, it has been identified various risk factors leading towards strategic business risk assessment. It helps in using risk assessment process as well as sensitivity analysis that can easily cause risk levels in association with factors. Operational and business planning- One of the important factors includes operational as well as business planning actions for future analysis. Management are required or identify various risks in association with new business plans in case of alternative circumstances (Hardidge et al., 2013). Market Condition- Other factor affecting the financial reporting of One Tel Phone Company is the market condition. One Tel Phone Company can easily access various risks in association with future changes in present market by conducting proper research analysis. Economic condition of the nation- Other factors that increases risk levels is the economic condition of the nation. Associated risks along with national and global economy emphasizes on observing changes in the economic factors as well as economic data on periodic basis (Gramling et al., 2012). Excessive government policies- One of the major factors faced by One Tel Phone Company is the change in government policies on frequent manner. It helps in analysing the changes from the government structure as well as declarations from future course of action. Discussing inherent risk factors contributing to increased inherent risk assessment This particular question requires discussion on the inherent risks depending upon the business entities, nature of account as well as environment and operations at the same time. There are number of history errors as well as management characteristics as perceived from the major factors of inherent risks as far as possible. Many errors have been identified that affects the financial statements of One Tel Phone Company that possess high risk in association with accounting balance and deducted inherent risk facts. Identification of these risk factors helps auditors in making decisions as well as contributing towards increased risk assessment in the most appropriate way (Bdard et al., 2015). There are several identifiable factors that need proper attention from the account balance for high volume transactions in financial activities of One Tel Phone Company. It requires making some adjustments for several account balances that do not actually exist in the ordinary course of business process. There is wide-variety of complex transactions used for account balances. It is the responsibility of the auditor in assessing the risks involved in auditing of various account balances by including the inherent risk factors. Several inherent risk factors have to be identified based upon the financial reporting depicting the true projection of One Tel Phone Company. There occur several financial transactions that require treatment for making the complex calculations as misstated in the financial statement of One Tel Phone Company. One Tel Phone Company is not in a stable financial position and intends in meeting required covenants that has greater incentives for viewing at the misstated financial information in an inherent terms. In case any company has wrong presented any financial data or information, there occur discrepancies in accounts from the previous years in similar form. There are various factors that need consideration by the auditors for inherent risk assessment. It is important to understand the fact that inherent risks are shown in the financial statement of One Tel Phone Company. This aspect widely affects potential outcomes as well as operational attributes of business. At the time of assessing risk by auditor, it requires to take into consideration on the factor regarding judgment as well as subjectivity of potential course of action. There are various factors that need consideration depending upon integrity as well as competence of management. Auditors make the assessment based on business transactions for significant party or any outsiders. It requires understanding of company in regard with estimates of by the financial analysts for growth earnings. CFO of any business organization is liable in engaging in fraudulent concerned securities. He was found engaged in scheme and intends in backdating with stock option grants. Fraudulent activities are mainly found from the management integrity action. It involves inaccuracy from the financi al reporting as portrayed for failure of the accountant for maintaining accurate accounting record from the given financial information. Identification of factors based upon areas of going concern This particular question requires in identifying factors affecting areas of going concern issues. Going concern is connected to business organization those are expected in continuing with business operations for given period. It will not liquidate in the upcoming financial years. Listed business organization is considered as going concern as per the statutory guidelines. Most of the companies even discontinue in the business operations for specified period. Users of financial statements help in analysing the various aspects of financial statements for measuring the capacity of an organization for smooth functioning of business organization. It involves three vital aspects of the business organization that needs to be analysed for viewing at the continuity of operational aspects (Marques et al., 2013). Graph: Current Ratio of One Tel Phone Company (Source: Created by Author) The above graph depicts the current ratio of One Tel Phone company for the financial year 1999 to 2000. As far as liquidity aspects of One Tel Phone Company are concerned, it describes the liquidity asset position. It aims at ascertainment of situation whereby One Tel Phone Company can cover its current liabilities with available current assets. This mainly depicts that company needs sufficient working capital for operating in the normal course of action. In case the company does not adequate liquid assets, it mainly leads towards liquidity insolvency as well as discontinue in the basic operational aspects. Current ratio is one of the most important liquidity ratios in understanding the liquidity position of any business organization (Hardy, 2014). Graph: Solvency ratio of One Tel Phone Company (Source: Created by Author) The above graph indicates the solvency ratio calculation for One Tel Phone Company for the year 1999 to 2000. This particular aspect helps in measuring the financial strength of One Tel Phone Company. It aims at describing the fact whether company has the ability in owning enough assets in paying off its liabilities on timely manner. It helps in having clear understanding on the capital structure of One Tel Phone Company (Marques et al., 2013). There are three types of solvency ratios such as debt ratio, equity ratio and debt to equity ratio. Graph: Profitability Ratios of One Tel Phone Company Source: Created by Author The above graph depicts the profitability ratios of One Tel Phone Company for the year 1999 to 2000. It helps in narrating the financial performance of the selected company based upon profit or loss. Every business organization aims at generating profits in their business operations. This particular ratio helps in describing the fact whether a particular company can work effectively as well as has ability in generating adequate profits in the upcoming financial years (Soh Martinov-Bennie, 2015). There are three major types of profitability ratios such as return on capital employed, return on equity as well as return on assets. From the financial statement of One Tel Phone Company, it has been noticed that current ratio had reduced from previous years. Current ratio is more than 1.5 that reveals that One Tel Phone Company has enough current assets in covering its current liabilities. In case of solvency ratio, One Tel Phone Company have improved for specified time because of the reduced total liabilities as well as increased total assets to total equity at the same time. In case of profitability ratio, it is a major concern noticed in the given year under study. In the year 2000, One Tel Phone Company incurs huge loss and this leads to returns as negative figures. From the case flow statement, it has been noticed that One Tel Phone Company failed in generating enough cash revenues for meeting required operational expenses (Soh Martinov-Bennie, 2015). It leads to shortage of cash funds as well as continues in operating from retained earnings. It relates with additional capital funding by issue of new shares. At the end, it is concluded that One Tel Phone Company suffering from net loss as well as shortage of funds. One Tel Phone Company can be treated as medium going concern. Reference List Bdard, J., Coram, P., Espahbodi, R., Mock, T. J. (2015). Does Academic Research Provide Sufficient Evidence in Support of Changes to the Audit Reporting Model?.Available at SSRN 2631676. Gramling, A., Johnstone, K. M., Jubb, C., Rittenberg, L. E. (2012).Auditing and Assurance: A Business Risk Approach. Cengage Learning Australia. Hardidge, D., Abeysekera, I., Chew, T. G., De Santi, R., Egan, T., Ghandar, A., ... Shying, M. (2013). A guide to understanding auditing and assurance: listed companies. Hardy, C. A. (2014). The messy matters of continuous assurance: Findings from exploratory research in Australia.Journal of Information Systems,28(2), 357-377. Junior, R. M., Best, P. J., Cotter, J. (2014). Sustainability reporting and assurance: a historical analysis on a world-wide phenomenon.Journal of Business Ethics,120(1), 1-11. Messier Jr, W. (2016).Auditing assurance services: A systematic approach. McGraw-Hill Higher Education. Moroney, R., Campbell, F., Hamilton, J., Warren, V. (2014).Auditing: A Practical Approach. Wiley Global Education. Redmayne, N. B. (2013). Auditing and Assurance Services and Ethics in Australia: An Integrated Approach.Journal of Accounting Organizational Change. Simnett, R., Carson, E., Vanstraelen, A. (2016). International Archival Auditing and Assurance Research: Trends, Methodological Issues and Opportunities.Auditing: A Journal of Practice and Theory. Soh, D. S., Martinov-Bennie, N. (2015). Internal auditors perceptions of their role in environmental, social and governance assurance and consulting.Managerial Auditing Journal,30(1), 80-111.