Problem Solving Activities for Cyber Computing - myassignmenthelp

Question: Discuss about theProblem Solving Activities for Cyber Computing. Answer: This report reflects the case study analysis and how Sarah could minimize the risk of losing money in her business. This case has shown the problem of management of inflow and outflow of cash and fear of losing money due to non-effective recording of cash inflow and outflow. However, in order to mitigate these problems, Sarah could use cyber computing enterprises resources planning in its business. This will increase the transparency of business reporting frameworks. Identification of problems Sarah has problem in recording of right amount of cash inflow and outflow of business. She has also observed that despite of no decline of sales, cash inflow in business has gone due by very drastic amount. The business of Sarah is accompanied by the various internal and external recording of cash in business. This is very basic problem which each and every business faces. However, in order to mitigate these issues, Sarah needs to change business staff or should make proper surveillance on its cash recording transactions. Ideally, hiring accountant or matching cash book with the financial statement of company could show case all the discrepancies in recording of business financial transactions. In addition to this, double entry system will mitigate possible problem of management of business transactions in determined approach (He, Zha Li, (2013). Analysis the problem The main problem which Sarah has faced in its business is related to recording of cash of in its business. However, after analyzing the case, it is observed that decline in the overall cash inflow may be arise due to the change in the operational activities or increased investment in particular activities of business. Company could use cyber computing enterprises resources planning in its business or accountant to match its all the dr. and cr amount. This double entry system will increase the overall efficiency of business and increased value of business at large. This recording of cash transactions has occurred due to the non-effective recording system. If company could mitigate these recording of cash transactions then these fear of losing cash may be overcome. However, Sarah needs to install proper mechanism and should follow IFRS transactions recording format. This will increase the effectiveness of recording business transaction in determined approach (Hancock Algozzine, (2016) . Formulate possible solution After evaluating the possible problems and factors of organization, it is considered that Sarah needs to identify the actual problem of decline of cash and trustworthiness of their employees. If Sarah finds that new students hired as trainee in the organization could be culprit then he should hire some other person in management of cash inflow and outflow. In addition to this, adoption of cyber computing enterprises resources planning in its business accounting system will increase the transparency and valuation of assets in determined approach. After evaluating all the data, it is observed that if Sarah could install cyber computing enterprises resources planning in its business then it will increase the transparency of all the business transactions and loss of money in its business. However, in the initial time, it will increase the overall cost of capital of business but eventually it will keep Sarah away from the fear of losing money. The main target of Sarah is to curb the recor ding of business financial transactions. Sarah needs to do the following activities (Grant, (2016). She needs to hire accountant who could asses all the internal and external flow of money and business goods. Installing cyber computing enterprises resources planning in its business will increase the transparency of business in recording of transactions Best possible solution which Sarah Roberts could undertake It is evaluated that all of the above given options are best for Sarah to curb the loss of its money in her business events. However, the best possible solution for Sarah is to install cyber computing enterprises resources planning in its business. This will not only increase the transparency of recording of transactions but also create fear in all the employees if they take wrong steps in business. This cyber computing enterprises resources planning in its business will make the payment mode online and currency value transactions will be dematerialized and loss of money fear will be eliminated directly. Now in the end, it could be inferred that losing of money in business is the basic fear which each and every businessman has to face. The best possible action is to adopt the cyber computing enterprises resources planning to establish automation in business. References Grant, R. M. (2016).Contemporary Strategy Analysis Text Only. John Wiley Sons. Hancock, D. R., Algozzine, B. (2016).Doing case study research: A practical guide for beginning researchers. Teachers College Press. He, W., Zha, S., Li, L. (2013). Social media competitive analysis and text mining: A case study in the pizza industry.International Journal of Information Management,33(3), 464-472.