New

Learn smart - Learn online. Upto 80% off on courses for a limited time. View Courses

Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader
Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

N4U4 Accounting In Organization And Society

tag 0 Download 7 Pages / 1,627 Words tag 17-08-2020
  • Course Code: N4U4
  • University: Kings College London
    icon

    MyAssignmentHelp.com is not sponsored or endorsed by this college or university

  • Country: United Kingdom

Question:

Assume you are a newly appointed accountant in a local fashion company -RTXM Clothing Company (RTXM) - based in Melbourne, Australia. This is a private family business with 20 shareholders. Currently, the company has seven different departments, include Accounting and Finance, R&D (product design and development), Sales and Marketing, Human Resources, Information Technology, Distribution and Logistics, and Merchandising, with a total of 130 employees. Managers in each department are given the authority regarding operational decisions and their performance is measured based on the company’s profit, and all the other employees receive the fixed salary package. The company pays taxes to Australia Taxation Office (ATO) on a regular basis.
 
Originally, the business offered only t-shirts and jeans. As the business was trying to join the growing fast fashion industry, it expanded its product lines to include dress, trousers, shorts, hoodies & sweats, socks, shoes, and bags.  The objective was to provide a wide selection of product lines in order to reach more fashion conscious consumers. A characteristic of them market is consumers are mainly attracted by low price, and frequent new styles and designs, so the company also seeks to find the suppliers with low prices. The business has retail stores in the major city across Australia and online store. Since the company expanded its product line, managers from different departments found the number of complaints received from customers have tripled. Most complaints are related to the product quality (products are either defective or damaged), items consistently out of stock, online shopping experience (delivery of wrong items and long response time to emails), and in-store experience (lack of attention from sales representatives), and some customers have posted complaints on RTXM social media.
 
In order to enhance the overall performance, the company is considering using a range of key performance indicators in managing its performance. This is to ensure that the company keeps track of its performance and to achieve the objectives they set for the identified issues.
 
In addition, the CEO and senior management decide to find new suppliers to improve the product quality, however, they encountered a dilemma. On the one hand, they found a supplier in Bangladesh, Super Cheap who can provide a large range of products to fit in their business expansion plan with a competitive price and all products can be supplied in a short time frame. However, after a careful investigation into this company’s background, they found this supplier has a major issue with labor conditions throughout their supply chains, including the use of child labor, low wages, and health and safety hazards, and long working hours. In terms of the environmental aspect, Super Cheap consumes a few thousand litres of water to produce a cotton t-shirt and over ten-thousand litres to produce a pair of jeans, and wastewater discharge into the local river, and it did not take any action to solve this issue. The polluted water is no longer fit for drinking or laundry, fishes no longer exist in this river, and local residences complain that their homes are flooded by dirty water.
 
On the other hand, RTXM has another potential supplier, called Green Fashion, who only provides limited product range with a higher price, and products can be supplied in a reasonable time frame. However, Green Fashion takes account of sustainability and makes it as part of their business, and their sustainability agenda has been presented on its website, including fashion designs that is kind to the environment, they also ethically source materials and labour, promote work-life balance of the employee in the retail business, and provide incentives to their local and outsourcing partners and their employees if their targets are met. The CEO and management of RTXM learnt that Green Fashion has very similar values and sustainability agenda. RTXM considers sustainability as part of the business. It is reported on their websites that the company wants to rethink fashion designs so that they are kind to the environment, to ethically source materials and labour, promote work-life balance of the employee in the retail business, and provide incentives to their local and outsourcing partners and their employees if their targets are met.
 
 
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 7 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2020). Accounting In Organization And Society. Retrieved from https://myassignmenthelp.com/free-samples/n4u4-accounting-in-organization-and-society.

"Accounting In Organization And Society." My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/n4u4-accounting-in-organization-and-society.

My Assignment Help (2020) Accounting In Organization And Society [Online]. Available from: https://myassignmenthelp.com/free-samples/n4u4-accounting-in-organization-and-society
[Accessed 28 June 2022].

My Assignment Help. 'Accounting In Organization And Society' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/n4u4-accounting-in-organization-and-society> accessed 28 June 2022.

My Assignment Help. Accounting In Organization And Society [Internet]. My Assignment Help. 2020 [cited 28 June 2022]. Available from: https://myassignmenthelp.com/free-samples/n4u4-accounting-in-organization-and-society.


If you’re anxious about your papers, then MyAssignmenthelp.com can take away your anxiety. Our services have been crafted to suit the needs of every student with diverse homework requirements. So, if you ever wonder, “who can do my homework efficiently?” selecting us would be a great choice. Our services for primary homework help cater to different academic disciplines. Another remarkable thing about our services is its affordability. We promise to provide you with the best quality assignment assistance at a rather reasonable price. Thus, you can put your faith on our writers to do your assignment efficiently at a nominal price.

Latest Accounting Samples

ACCTING 2500 Cost And Management Accounting

Download : 0 | Pages : 9

Answer: Question 1 Three main elements of cost of product or services are Material cost, Labour cost and expenses. Material cost This cost includes funds by the organisation in production of goods. Any substance used to in manufacturing of product can be considered as material and thus material can be in raw form or finished products which are used in manufacturing of another product. Material cost can be direct or indirect. Direct Materia...

Read More arrow Tags: Australia Melbourne Management University of Melbourne Masters in Business Administration 

MBALN707 Entrepreneurship And Small Business Enterprises

Download : 0 | Pages : 17

Answer: The New Age Restaurant (NAR) will be based on the modern concepts of the food and beverage business and will mostly cater to the youth of the country. The restaurant will consist of a seating capacity of 100 people with an open lounge and an open bar area. The main food items that will be offered will be a mix of the local cuisine and some international food items. The drinks menu will be an extended one and consist of everything from ...

Read More arrow

ACC2103 Corporate Reporting And Analysis

Download : 0 | Pages : 4

Answer Earnings Management Introduction: One-Tel was one amongst the largest Australian Companies as it was holding the fourth position in the ranking of largest telecommunication organisations. The company was founded in the year 1995. But, in 2001 the company had to face its collapse for certain reasons such as deficiencies in the internal controls, severe weaknesses in the system of corporate governance, manipulated financial reports, poo...

Read More arrow Tags: Australia Glen Waverley Finance Financial Accounting University of Queensland MBA 

HA2042 Accounting Information Systems

Download : 0 | Pages : 12
  • Course Code: HA2042
  • University: Holmes Institute
    icon

    MyAssignmentHelp.com is not sponsored or endorsed by this college or university

  • Country: Australia

Answer Introduction Generally, the main aim and objective of preparing and conducting this research report is to understand, evaluate and access the key roles, significance, and importance of information systems and accounting software/packages. Moreover, this research paper would describe the business process/activities of a bakery business. On the other hand, business and systems requirements would be developed and determined in order to atta...

Read More arrow Tags: Australia Brighton-le-sands Accounting HA2042 Accounting Information Systems University of Sydney 

ACC2001D Accounting Information For Managers

Download : 0 | Pages : 7

Answer Introduction: The current report aims to evaluate the importance of budget in the context of Happy Lim Limited, which is a manufacturing organisation established over 50 years back. The organisation is involved in manufacturing a kind of expansion valve, which is a primary component of an air conditioner. The son of the founder, Martin Lim, has now been looking after the operations of the organisation. The person is planning to purchas...

Read More arrow
Next

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?