Classmate discussion :  we have to reply to this discussion two part

And we can use probing questions (see list below).

Probing Question Examples

• Why do you think that is the case?

• What other factors may have influenced this?

• Why do you agree (or disagree) on that point

 

Part 1  (75words )

The accounting function is critical to most organizations because it provides a snapshot of the organization’s performance for a specific time period as well as their financial health.

Example 1:

Financial statements are created to illustrate the financial status of an organization. This will help the organization set financial goals and help in making future decisions. For example, if the business’s financial statement shows that the business is not profiting than the company may need to adjust its expenses to increase their profit in the next fiscal.

Example 2:

Accounting is also important because it helps organizations understand how much they need to grow. An example of this is if a business person reviews their financial statements and realizes that their one Tim Horton’s branch has been profiting in the past three than he may consider expanding their portfolio and invest in more branches or expand their service such as adding a drive thru.  

 

Part 2  (75words )

In my perspective small business often complain that getting financing maybe difficult due to large debt or issues with their credit.

1.     Large debt can be an issue especially if there is not enough income being generated. This is an indication to banks that the entity receiving the funding may not be able to pay the amount back or it may put the company in more risk of debt.

2.      If an organization does not have a good past payment history than their credit will indicate that the borrower may not be able to handle their payments. This will put the lender and borrower at risk

Making a Post

 · Keep postings to 100 words.

 · Posting should be based on your own thoughts, insights, knowledge, ideas and personal experiences. · Avoid replication of comments already posted. If you agree with someone…ask yourself why you agree and explain your rationale so that others have something else to respond to.

 · Play devil’s advocate to generate conversation.

 · Ask probing questions (see list below).

 · Give positive feedback to one another, use light humour and avoid comments that could be taken as insulting.

·Feel free to disagree or ask for clarification from your classmates. Be sure to support what you say with references to course materials or outside sources, such as readings or examples from personal experiences. Remember to disagree respectfully. Do not feel bad about offering a different interpretation or perspective. 

· Do not cut and paste passages from the textbooks or the Internet to demonstrate your knowledge of the topic.

 · It is OK to change your stance or opinion after hearing from others.

 

How do operations differ in the service industry versus manufacturing? Which industry is more challenging from an operations planning perspective? Explain your reasoning