BUS0002 Using Information Assessment (GC01336)
Contents
Introduction.
Section 1.
1.1 For each of the terms below give a brief definition and an example of what they can be used for
1.2 Discuss the use of accounting information systems to provide management with information for better decision-making. Your answer should highlight the benefits and any drawbacks of using such a system
Section 2.
2.1 According to the chart, which area is Boots’s biggest income earner and what is its percentage of Boots’ overall business?.
2.2 Produce a fully-labeled pie chart showing the percentages of the different aspects of Boots’ business.
2.3 Discuss the performance of Boots’ product areas, showing the differing growth rates.
2.4 Using the given information and other data sources, discuss what you think Boots strategy should be whether to consolidate its market position in the skincare, bath and shower market or work on improving in the grocer market or to do both.
2.5 Using the data in https://www.marketwatch.com/investing/stock/wba/financials. Comment on Boots’ net income over the given 5-year period. Include the mean and standard deviation in your comments.
Conclusion.
Reference.
Introduction
Business information system performs a particular action to support operations including system operation, payroll, employee record storage, company documentation and credit card processing and management (Reif, 2015). In this assessment using of information in business is explained. In the first section, different data types are investigated and their worth to the organization is discussed. Besides this part also explained the uses of these data in organizations to develop the business quality and services and its profit. This chapter also discusses the use of accounting information systems in making a better decision and its benefits and drawbacks in business. The second chapter highlights the different aspects of Boots’ financial report. The first section of this part focuses on the biggest income side of Boots. The next section discusses different aspects of Boots’ business. The third section emphasizes the performances of different products area of Boots. The fourth section highlights the market position of Boots and its future strategy of retaining its position and the plan for developing it. The last and final section outlines the entire financial condition of Boots over a given time period and provides a mathematical explanation of the deviation of net profit.
Section 1
1.1 For each of the terms below give a brief definition and an example of what they can be used for
Cash Flow Statement
A financial statement that delivers cumulative information with all the cash flow received from a company’s current activities and exterior investment sources, in addition to all-cash discharges which is paid for business operations and investments over a period of time is known as cash flow statement (Brigham, 2014).
Example: Hardy (2018) stated that the first line item in the functioning activities section of the cash flow statement is usually net income. It measures the profitability of a business and it can be measured directly from the net income shown in the company’s income statement for the same period.
Figure: Example of cash flow statement Source: Investopedia (2018)
An income statement
According to Cooper (2018), a financial statement that gives an idea about a company’s fiscal performance over a particular accounting period is known as an income statement. Fiscal performance is evaluated by providing a summary of how the business experiences its income and costs over both operating and non-operating doings. It shows the total profit or loss achieved on a particular accounting period.
Example: Hardy (2018) stated that the income statement is used to give the fiscal revenue performance of a business at a particular time. It is stated as a profit and loss statement or earnings statement.
Figure: example of income statement Source: Accounting Basics (2018)
Statistical Data Analysis
According to Cooper (2018), the method which is used to perform different statistical processes is known as Statistical data analysis. This is a constant study, which searches to measure data and, usually, is used in some statistical analysis. Quantitative information consists of fundamentally expressive information, for example, surveys and observational information.
Example: Hardy (2018) stated that, the analysis of data and the prediction of future trends based on the information and statistical analysis. There are many options for organizations to do with their large data, but the statistical analysis is a separate way to fully test it, in addition to is used to separate sample.
Figure: Example of statistical data analysis Source: Skills You Need (2018)
Annual report
According to Cooper (2018), the report which gives the complete analysis about the activities of a company through the previous year is known as an annual report. The annual report is provided to shareholders and other interested people about the actions and fiscal performance of the company. They may be considered as gray literature.
Example: At its most fundamental time, an annual report consists of: a general description of the industry to which the company is related. Audited statements of income, financial position, cash flow, and notes to the statements giving details for various line items (Hardy, 2018).
Trend analysis
Trend analysis is a mathematical technique where historical results are used for forecasting future results. This is achieved by tracking variances in cost and schedule performance. In this perspective, it is a project management quality control tool (Brigham, 2014)
Example: Market direction will lead the trends that may rise or fall. If the market is directed in a certain direction, reasonably, the research trend analysis will be proposed that the market will be longer than that, it is a good idea to determine a trend (Hardy, 2018)……………………………………………………………………………………………………………………………………………………………….
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