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HTC Corporation Assignment | Homework For You

Scenario: HTC Corporation is a Taiwanese consumer Electronics Company headquartered in Xindian District, New Taipei City, Taiwan. Your task, as a trainee, is to impress the top management and to do so you decide to write a report in which first you assess the need for a long and short term budgetary plan for the company. After that you describe the importance and the relationship between functional departments and responsibility centers. Then you write about internal and external sources of information used to determine cost, price and demand.

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At this point the managers are interested and want you to do other research with these objectives: Evaluate strategies used Assess how budgetary management controls are used At this point you decide to take it one step further and conclude the report distinguishing the difference between types of costs incurred by businesses, discuss of cost data for business and finally you conclude your report evaluating methods and techniques to calculate business costs. You are expected to deliver as follows in the below subheadings:

Task 1-Understand the impact of internal and external factors on budgetary planning in a business 1. Assess the need for long and short term budgetary plans in a in a business 2. Discuss the relationship between functional departments and responsibility centers 3. Evaluate internal and external sources of information used to determine cost, price and demand.

Task 2-Understand how to manage to manage a budget 1. Evaluate strategies used to manage budget variance 2. Assess how budgetary management controls are used to optimize business performance

Task 3-Understand how to analyse cost information in business 1. Distinguish between the different types of cost incurred by businesses 2. Discuss the uses of cost data for business planning and control purposes 3. Evaluate methods and techniques used to calculate business costs You should provide references using the Harvard referencing system. Figures/diagrams/graphs/tables should be added where necessary.Practical Information about the given company should be included. Get Finance homework help today

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