financial state presentation
DESCRIPTION
TRANSCRIPT
Financial State
Team ADonald Farren – Financial Management Software Analysis
Dorothy Davis – Financial Operations Analysis
Joshua Deese – Statement Analysis
Aaron Hopkins – Financial Analysis Report Polishing
Dorothy Davis – Financial Analysis Presentation
BSA/500 – Business Systems I - Murali Ramachandran – Team A
RIORDAN MANUFACTURING
References
RIORDAN MANUFACTURINGStatements AnalysisOperations AnalysisSoftware AnalysisIntroduction
BSA/500 – Business Systems I - Murali Ramachandran – Team A
The following options are discussed for the implementation of an all
inclusive electronic financial management system:
– financial management software options,
– operational modules to include in the system,
– and reporting and statement necessities.
References
RIORDAN MANUFACTURINGStatements AnalysisOperations AnalysisSoftware AnalysisIntroductions
BSA/500 – Business Systems I - Murali Ramachandran – Team A
Software Analysis
Two software packages were selected for analysis.
NetSuite QuickBooks
References
RIORDAN MANUFACTURINGStatements AnalysisOperations AnalysisSoftware AnalysisIntroductions
BSA/500 – Business Systems I - Murali Ramachandran – Team A
Benefits of NetSuite
Real-Time Customized Reporting
Add Efficiency to Business Processes
Reduces Redundancy and Errors
Customer Reporting
Automatic Updates
Mobility
References
RIORDAN MANUFACTURINGStatements AnalysisOperations AnalysisSoftware AnalysisIntroductions
BSA/500 – Business Systems I - Murali Ramachandran – Team A
Customizable Reporting
Inventory Management
Flexible
User Access Controls
Barcode Scanning
Bin Location Tracking
Higher List Limits
Benefits of QuickBooks
Default Classes
Auto Purchase Orders
Integrate able with Add on Application
Center Customization
Familiarity of Ribbon Layout
Improved Navigation
RIORDAN MANUFACTURINGBSA/500 – Business Systems I - Murali Ramachandran – Team A
Operations Analysis
Riordan Manufacturing can benefit from
including the following operations in their new
financial management system:
ReferencesStatements AnalysisOperations AnalysisSoftware AnalysisIntroductions
RIORDAN MANUFACTURINGBSA/500 – Business Systems I - Murali Ramachandran – Team A
– Stock Inventory –
Operational Processes
– Purchase Order Tracking – – Sales –
– Purchasing – – Accounting –
– Shipping And Receiving –
– Invoice Tracking –
ReferencesStatements AnalysisOperations AnalysisSoftware AnalysisIntroductions
RIORDAN MANUFACTURINGBSA/500 – Business Systems I - Murali Ramachandran – Team A
– Utilities –
Fiscal Management Processes
– Inventory – – Payroll –
– Supplies – – Contract Services –
– Investments –
– Freight Tracking –
ReferencesStatements AnalysisOperations AnalysisSoftware AnalysisIntroductions
References
RIORDAN MANUFACTURINGStatements AnalysisOperations AnalysisSoftware AnalysisIntroductions
BSA/500 – Business Systems I - Murali Ramachandran – Team A
Statement Analysis
Riordan Manufacturing
Ratio Description Ratio Outcome
Current Assets
Current Liabilities
• CurrentRatio = CurrentAssets / CurrentLiabilities 4.715668987 17,377,957 3,685,152
• DebtRatio = TotalDebt / TotalAssets 0.29448237 13,961,155 47,409,137
• ProfitMargin = NetIncome / Sales 5% 3,310,662 66,608,660
• ROA = (NetProfitBeforeTaxes / TotalAssets) x 100 10.58780505 5,019,587 47,409,137
References
RIORDAN MANUFACTURINGStatements AnalysisOperations AnalysisSoftware AnalysisIntroductions
BSA/500 – Business Systems I - Murali Ramachandran – Team A
Statement Analysis
Riordan Manufacturing
Ratio Description Ratio Outcome
Current Assets
Current Liabilities
• CurrentRatio = CurrentAssets / CurrentLiabilities 4.715668987 17,377,957 3,685,152
• DebtRatio = TotalDebt / TotalAssets 0.29448237 13,961,155 47,409,137
• ProfitMargin = NetIncome / Sales 5% 3,310,662 66,608,660
• ROA = (NetProfitBeforeTaxes / TotalAssets) x 100 10.58780505 5,019,587 47,409,137
References
RIORDAN MANUFACTURINGStatements AnalysisOperations AnalysisSoftware AnalysisIntroductions
BSA/500 – Business Systems I - Murali Ramachandran – Team A
Statement Analysis
Riordan Manufacturing
Ratio Description Ratio Outcome
Current Assets
Current Liabilities
• CurrentRatio = CurrentAssets / CurrentLiabilities 4.715668987 17,377,957 3,685,152
• DebtRatio = TotalDebt / TotalAssets 0.29448237 13,961,155 47,409,137
• ProfitMargin = NetIncome / Sales 5% 3,310,662 66,608,660
• ROA = (NetProfitBeforeTaxes / TotalAssets) x 100 10.58780505 5,019,587 47,409,137
References
RIORDAN MANUFACTURINGStatements AnalysisOperations AnalysisSoftware AnalysisIntroductions
BSA/500 – Business Systems I - Murali Ramachandran – Team A
Statement Analysis
Riordan Manufacturing
Ratio Description Ratio Outcome
Current Assets
Current Liabilities
• CurrentRatio = CurrentAssets / CurrentLiabilities 4.715668987 17,377,957 3,685,152
• DebtRatio = TotalDebt / TotalAssets 0.29448237 13,961,155 47,409,137
• ProfitMargin = NetIncome / Sales 5% 3,310,662 66,608,660
• ROA = (NetProfitBeforeTaxes / TotalAssets) x 100 10.58780505 5,019,587 47,409,137
References
RIORDAN MANUFACTURINGStatements AnalysisOperations AnalysisSoftware AnalysisIntroductions
BSA/500 – Business Systems I - Murali Ramachandran – Team A
Statement Analysis
Riordan Manufacturing
Ratio Description Ratio Outcome
Current Assets
Current Liabilities
• CurrentRatio = CurrentAssets / CurrentLiabilities 4.715668987 17,377,957 3,685,152
• DebtRatio = TotalDebt / TotalAssets 0.29448237 13,961,155 47,409,137
• ProfitMargin = NetIncome / Sales 5% 3,310,662 66,608,660
• ROA = (NetProfitBeforeTaxes / TotalAssets) x 100 10.58780505 5,019,587 47,409,137
References
Intuit. (Copyright, 2012) Overview. Quick Books Enterprise Solutions. Retrieved
electronically on 10/05/2012 from
http://enterprisesuite.intuit.com/products/enterprise-solutions/?id=qbes-overview#
Inventory. BusinessDictionary.com (2012) Retrieved on October 15, 2012 from:
http://www.businessdictionary.com/definition/inventory.html#ixzz29OAKiJan
NetSuite. (2012) NetSuite ERP. Retrieved October 7, 2012, from http://www.netsuite.com
RIORDAN MANUFACTURINGStatements AnalysisOperations AnalysisSoftware AnalysisIntroductions
BSA/500 – Business Systems I - Murali Ramachandran – Team A