Professional Communication Practice Doc

Added on -2020-02-18

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Running head: PROFESSIONAL COMMUNICATION PRACTICEProfessional communication practiceName of the studentName of the universityAuthor note
1PROFESSIONAL COMMUNICATION PRACTICE Table of ContentsIntroduction................................................................................................................................2Management accounting issues..................................................................................................2Main cause behind the issue.......................................................................................................3Financial issues associated with the company...........................................................................4Recommendation........................................................................................................................5Reference....................................................................................................................................7
2PROFESSIONAL COMMUNICATION PRACTICE Introduction Established in 1997, Fuji Xerox got the certification from Australian Quality Class forthe excellence standard in their business. Their main objective is to understand thedocuments. They are focussed in building knowledge, based on which the business decisionscan be taken. Their understanding helps the clients for leveraging the expectation from paperas well as the electronic media (Fujixerox.com.au/Company/Overview, 2017). Theworkflows and the document expertise from the company assist in working in smarter wayand streamline the procedure of business. Further, they offer various business solutionsrequired by the client for focussing on their business efficiently.Management accounting issuesThe Australian business of Fuji Xerox was getting out of control as the warningsregarding fraudulent behaviour of the company went unnoticed and unsolved, bad behaviourswere not only ignored, rather promoted and irregularities with regard to major accountingswere simply covered up (Wagenhofer, 2016). The issue that started with Fuji Xerox, NewZealand (FXNZ) and soon spread over Fuji Xerox Australia (FXA) led to global consequencefor the company and the technology giant, who turned over the revenue amounted to A$ 26billion. The organization was forced for delaying their annual report owing to inappropriateaccounting at the regional subsidiaries (Fuji Xerox restructures Australia and New Zealandleadership after accounting scandal, 2017). Various top offices of Fuji Xerox were closingdown and others were facing cut off of bonuses and wages by 20 to 50%. Further, the recentreport of investigation includes the details that were not included in the initial report that waspublished dated on 21st June. It was revealed by the company that knock six year’s net profitworth amounted to A$ 451 million that was frozen out from the government contract of NewZealand.

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