Overview
Every company wants to expand its operations
and increase its revenue. A business plan with a five-year strategy to increase
revenues is essential for a company to grow. Business plans have many
components, and for this assessment, you will develop a business plan
focused specifically on accounting and financial practices for growth.
For this assignment, you will select a
different company than in the prior assignments. You will develop a business
plan for growth focused on accounting and financial practices to expand
operations and increase revenue for your selected company. The plan will
include a five-year strategy to increase revenues by 10%, and a recommendation
for an organizational structure with mandates for effective corporate
governance of internal controls, and practices for supporting an ethical
environment. You will conduct research to identify industry best practices for
strategies to increase financial performance and achieve the optimal position
in the market while maintaining ethical financial practices. The plan
will also integrate the relevant best practices as appropriate for the
selected company.
Instructions
Write an 8–10 page paper in which you:
Analyze a selected
company, its operations, and its associated industry and evaluate
these areas for development of a business plan for growth to increase
revenues by 10% over the next five years with ethical
financial practices.
Recommend three or more
well-defined improvements to corporate governance over the internal
controls supported with examples of how the recommendations would
impact the company’s financial statements.
The recommendations
could be for improvement of sales, justification of opening different
markets, or enhancement of current operations.
Recommend two or more
improvements in ethical standards from an accounting perspective that are
supported with examples of how the recommendations would impact the
company’s financial statements.
The recommendations
could be for better financial control, reduction in the loss of
product, or increase employee collaboration.
