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Outline to plan for increased profitability and expansion

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The Vice President of Operations would like to increase profitability, improve customer service, and expand the business. Even though the external accounting department spends 5 days preparing each quarter's financial statements and disclosures, she does not examine those financial statements issued to the company shareholders.

You are to attend an afternoon meeting to discuss why this is the case. You have been assigned the task of examining the pertinent information and proposing two recommendations for the Vice President. These recommendations are to take effect at the end of the quarter.

Create a word document presentation outlining your recommendations. Include all your supporting material.

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Solution Preview

As a representative of the external accounting firm, I am here today to discuss ideas expressed by the Vice President of Operations. As I understand it, the plan is to increase profitability, improve customer service, and expand the business. I am here to assist you in accomplishing your goals in any way that my accounting firm can.

The topics of discussion usually require some planning, calculating and presenting to upper management as well as shareholders. At the level of operations, we can do much of the planning and calculating in an effort to convince upper management and shareholders. Often shareholders are not consulted about these subjects, but if their cash dividends are decreased or eliminated, then they do participate, in a way. Forewarned is forearmed, as they ...

Solution Summary

The 515-word solution presents several recommendations about how to accomplish the objectives while also involving the VP in more of the planning. Use of various financial tools are explained together with possible cost savings as a result.