Accounting and Finance Management Essay : Virgin Australia Group

Added on - 21 Jul 2020

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Accounting and FinanceManagement
Table of ContentsINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1Q1: Identification and evaluation of main ethical issues related with job automation...............1(b): Norms, principles and values related with job automation..................................................2(c): Determine two company that are impacted by job automation............................................2(d): Identification of stakeholder in chosen company those are impacted through automation.3PART 2............................................................................................................................................4(a): Discussion of the various regulatory impacts on external reporting....................................4(b): Answer of questions through using consolidate financial report.........................................4(c): Ratios calculation................................................................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONAccounting is one of the effective tools of any business enterprises. They uses this asprimary tools to record all those financial transactions that are being done during an accountingperiod of time. This project report is related with two parts, one is related with research analysisabout various impacts of job automation and norms, principles or values to all those issuesrelated automation. The other part of this report is providing financial report analysis of virginAustralia group and their regulatory aspects. With the use of consolidated financial report of thecompany certain questions is be resolved to determine their current position in the market(Anandarajan, Anandarajan and Srinivasan, 2012).PART 1Q1: Identification and evaluation of main ethical issues related with job automationJob automation is said to be an effective technique or system of operating or managingthrough highly automated means by using electronic devices, eliminating human involvement tominimum level. Basically, it is automatic control process which is use by Virgin Company foroperating their necessary equipments such as machinery, switching on electronic devices andaircraft or their application. There are certain aspects that are related with virgin overall businessprofitability (Job Automation,2011). There are certain ethical issues which are related with thecompany. These can create certain implication in accordance to overall performance of anorganisation. Some of them are mentioned underneath:Privacy regulation: The main ethical issues found in job automation are privacyof data. Because of minimum control the chances of hampering privacy can getaffected (David, 2011).Formulating liability framework: It is necessary to design all debt relatedobligations in systematic manner so that they would not make maximum impactson financial stability on Virgin Company.Safety regulations: There are certain crucial regulations which are related withsafety measures are needed to be followed in ethical manner.1
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