Managing Finance and Operation INTRODUCTION 1 MAIN BODY

   

Added on  2020-10-22

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Managing Financeand Operation
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Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1a) Operational and regulatory factors considered by the board..............................................1b) Income and expenditure projections for the first 4 years ..................................................3c) Evaluation of financial worth for current proposal............................................................5d) Conclusion and recommendation.......................................................................................7CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10
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INTRODUCTIONIn order to consider development of business, there are several elements included in itthat make important consideration to take decisions. In this way, proper cash needs to bemaintained to run short objectives in the financial management. Furthermore, it is important foroperations to consider proper attention and focus on day to day elements such as raw material,electricity bills, rent, etc. In this context, present report is based on the New Life Training whichis growing business and authorised share capital to attain desired results in systematic manner.They offer different kinds of core academic subjects to attain significant results in the businessenvironment. For gaining insight information of present report, it includes operational andregulatory factors which are considered in the board. Furthermore, it focuses on income andexpenditure for 4 years incorporating to develop significant advantages. At last, conclusion andrecommendations have been implemented that help to attain significant advantages in thebusiness environment. MAIN BODYa) Operational and regulatory factors considered by the boardIn order to focus on the board consideration, there are regulators that consider financialfocus on the business to analyse distinctive and greater level of insight and awareness. Therefore,risk will be managed in a successful manner to ascertain and mitigate the significant results. Inaddition to this, operational management involves managing process that helps to consider rawmaterial, labour, energy, etc. to produce goods and services. With this regard, different theoriesare considered such as business process redesign, reconfigurable manufacturing system, lean, sixsigma, etc. In this context, Six Sigma is the main approach that helps to focus on the qualitywhich assists to maintain effectiveness at workplace with defined sequence and financial targetsas well. It assists to increase the profits and reduce costs to develop effective advantages(Mizgier and et.al., 2015). Lean accounting is also a systematic method that helps to eliminatewaste material in the manufacturing process. It helps to seem resources to create value forcustomers. As results, elimination of the negative elements could be considered in a systematicmanner. Following are certain operational and regulatory factors exist that are considered byboard in New Life Training:1
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Cyber risk and data security: In respect to work for the new operations and functions inNew Life Training, it is essential to look upon the cyber risk and data security. This isbecause; number of risks ranked with threat from cyber-attack as the top operational riskfor last year. With the help of the proper management, they can reduce cyber-attackwhich is not growing but also insidious forms by the risk practitioners (Chwieroth, 2015).As the reputation damage, enough actions will be taken. Source of potential cyber threatpins down and making building of appropriate control which is serious challenges andattack in the world. Regulations: Furthermore, there are several regulations considered as the riskpractitioner which denotes landmark regulations with capital adequacy frameworks,widespread market structure reform, etc. It represents that changes to accountingpractices determine potential operational risks for New Life Training. In this regard, it isessential for business to expose themselves in the operational risk and increasing theirreturn on equity. However, operational risk seems to one of the cause of regulators whichdetermines more concern in which they struggle. It creates a huge impact on theoperational risk capital and groups as well (Mousa, 2015). Hence, the chosen businessneeds to make sure that all employees are fully aware with roles and responsibilities.Ethical elements are also associated that create challenges that ensure proper businesspractices exit around all products and services rendered by enterprise. Outsourcing: Outsourcing consider three operational risks in New Life Training. Forinstance: spurred by clear message from regulators, third party risk management and facepunitive sanctions. Hence, financial organisation must consider their reviews withexisting outsourcing arrangement. It helps to ensure that failure of third party serviceproviders will be reduced in a systematic way through focus on the systematic workperformances. GDPR compliance represents a significant burden so that managers needto know exactly about the customer data that are held all times (Cambini and et.al.,2016). Hence, it is important to understand complex web of relationship with differentoutsource, practitioners, etc. Geopolitical risk: In the business outcomes, geopolitical risk also ascertained due toelection of UK. The country withdrew from the European Union so that it combined topush the geopolitical risk into 10 years. Along with this, direct costs occur against the2
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