Intermediate Financial Accounting

Running head: INTERMEDIATE FINANCIAL ACCOUNTING
INTERMEDIATE FINANCIAL ACCOUNTING
Name of the student:
Name of the university:
Author Note:

INTERMEDIATE FINANCIAL ACCOUNTING1
Table of Contents
Introduction................................................................................................................................2
Discussion..................................................................................................................................2
In Response to Issue A...........................................................................................................2
In Response to Issue 2............................................................................................................4
Conclusion..................................................................................................................................5
Recommendations......................................................................................................................5
References..................................................................................................................................7

INTERMEDIATE FINANCIAL ACCOUNTING2
Introduction
The assignment deals with the chosen company Busu Pty Ltd. Which was actually
commenced by the Neil Red Williams and Jack Soso basically in the town of Goroka which
is actually located in the eastern highland’s province of Papua New Guinea. As an employer
Business Consultancy Firm and further report, it to the business development assistance. On
the other hand, it is needed to provide assistance to the Red and Jack regarding the success of
the venture in terms of profitability. According to this there are two issues which are
highlighted by Red and Jack while managing the business prospects of the firm.
Discussion
In Response to Issue A
Jack and Red were facing significant issues regarding the exact cost which is actually
required by the business. In such a situation it is needed .to have a clear look at the flow in
the working capital of the company. The costing system must be critically analyzed by the
upper level management of the company and in that case certain strategies must be adopted
by the company (Duska et al. 2018).
In the company there must be a costing department which will actually take care of
the costing related problems which further means that where the company needs to pay most
of accumulating the cost of material. At the time of purchase, it is needed to have significant
negotiation skills regarding the purchase of material (Cochrane and John H. 2017) Effective
and tough negotiation will have the company to purchase the material of the firm on a
cheaper cost.