Restora-Roof Case Study: IT Networking Consulting Assignment

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Added on  2022/08/23

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Homework Assignment
AI Summary
This assignment presents a comprehensive solution to the Restora-Roof case study, focusing on IT networking and business development. The solution includes the completion of six tasks: an action plan, work goals, a to-do list, a feedback template, a self-assessment, and a personal development plan. The assignment requires the consultant to address the challenges faced by Restora-Roof, including business growth and operational efficiency. The tasks involve setting short-term goals, identifying responsibilities, establishing timelines, and allocating resources. The action plan considers potential risks and safeguards. The personal development plan identifies areas for skill enhancement, such as IT and management skills, and outlines development activities and timeframes. The overall objective is to provide a practical framework for improving Restora-Roof's IT infrastructure and business practices, ensuring effective monitoring and professional development.
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Self-assessment
Skill / Knowledge / Qualification Requirement
1. Data Entry- The knowledge and skill of data entry is very must vital for the
accountants as Rina keep all the records of the transaction of the company.
She must have the skills of data entry to type fast and accurate. The
introduction of computer will require Rina to store the data obtained from all
the cash flow detail to store in the software or excel of the computer.
Proficiency in typing fast and correct is important.
2. Multitasking- One of the important skill of the accountant is to multitask.
Rina must learn this skill to maintain the balance between her works of
invoicing, payrolls, keeping the tax account updated, handle the paying
account. All these operations deal with money. Hence, she needs to be
accurate with all the calculations and transaction.
3. Accuracy- The most important skill of any person that handles the finances
of a company or business is accuracy. The works of accounts required
utmost correctness and along with that the speed to complete the assigned
task at the fastest possible time. Accuracy of the accountant develops with
time. Hence Rina has to practice well to acquire this skill and with the
introduction of the computer, the human errors increases. The dependency
on the computer takes over the accuracy of humans.
4. Excel- The basic accounting can be done in normal MS Excel. Rina can start
from learning excel, its shortcut keys, operations, formulas and several other
activities that Excel performs. Before the use of the spreadsheet application
for accounting, the accountants used to perform all the activities related to
accounting of the business through excel in the tradition computers only.
Hence, Rina can first acquire knowledge about excel and proceed with the
updated technologies.
5. Bachelor of Accounting- The basic qualification required to perform all the
accounting related work in the Bachelor of Accounting. This degree prepares
the candidate for practical and theoretical concepts of accounting. The
knowledge of accounting will enable Rina to perform the accounting practices
better with the modernized software and application in the computers. In
order to graduate with a bachelor degree in accounting, Rina has to complete
24 subjects along with that learn ethical, legal aspects of accounting.
6. Accounting software- In this fast-growing technological world the
accounting software is common in the use of several businesses. As Rina
planned to bring computers in the company, she must learn the operations of
accounting software. The application performs all type of function related to
accounting such as journal, payroll, accounts payable, trial balance, etc. All
the mathematical calculations will be faster and mostly correct as those are
done by the formulas already present on the computer.
7. Financial analytical skill- This the most important skill that Rina need to
incorporate. As the business id increasing the financial transaction will
increase gradually. Hence the amount of financial data will also increase. In
order to analyse and obtain a desirable outcome from the data, the analytical
skills are very important. The reports of accounting would require reviews in
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intervals to identify the trends and extract the required anomalies. Rina must
perform basic budgeting for future projections.
8. Spreadsheet- The spreadsheet is available in tabular form that contains data
to store, organize and analyse it better. This is a straightway computer
application for performing the above functionalities described. These are the
same representation of the worksheets used in the traditional form of
accounting. This application allows the user to modify the value in it. This
makes the analysis of data easier. The data in the spreadsheet can be
represented as a numeric value and graphical forms.
9. Information Technology Skills- The advancement in technology have
revolutionized every aspect of the business. The most important department
is the accounting. The accountants are shifting from the traditional format of
bookkeeping to computerized formats of record keeping. The accountant
must be comfortable with using the computer and be able to handle the
operation on the computer related to accounting. In order to obtain all the
perspective of the finances of the company the software, programs need to
be manipulated and analysed well.
10. Knowledge of preparing financial statement- Rina must acquire the
knowledge of preparing the financial statement. This skill is very important to
handle the finances of the company. The effective interpretation of incomes,
flow of cash, balance sheet to obtain the investment that the company can
make are required to understand by Rina. In order to make effective use of
the investment in the company Rina have to be accustomed to the assets,
the return of investments, profits of the company.
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