Solutions to improve data analysis methods of Acco- 123docz.net

CHAPTER 3: SOLUTIONS TO IMPROVE THE BUSINESS

3.2 Solutions to improve the business operation of Hoang Long Mechanics

3.2.6 Solutions to improve data analysis methods of Accounting Department

Finance - Accounting Department of the Company is operating only with the specialized accounting function, not paying attention to financial work and data analysis.

Today, as the management tools evolve, so as not to miss opportunities and always make the right decisions. The board of directors should base on the basis of analyzing the detailed data

Firstly, improve the qualifications of the staff of the Accounting Department with training sessions, training programs.

Secondly, develop a periodic reporting system that includes detailed data analysis.

Third, Hold regular meetings to analyze and dissect these data together with other departments.

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CONCLUSION

Over two decades of construction and development of Hoang Long Mechanics Technology Joint Stock Company, it is impossible not to mention the difficulties that businesses have experienced and also the successes that have been recorded so that the Company can be acquired. Shares of experienced Hoang Long mechanical engineering today. The factors that have helped Hoang Long Mechanics Technology Joint Stock Company firmly in the market are focusing on building and developing the strength fields, which are the Company's tradition and also the flexibility with market innovation. , have a breakthrough ability to create different projects and products, and also try to have a strong sales and distribution system. For society, the company has contributed to building material facilities for society through the design, construction and construction of public works as well as residential houses, which has been an important contribution to the process.

industrialization - modernize the country. On the side of the company, it has been constantly promoting its operational performance, expanding its business scale and diversifying its business lines, contributing to improving the company's competitive position in trade. Business revenue of the company has been greatly increased due to the increasing demand for construction of social facilities to meet the economic growth rate, in addition to the demand for civil construction. increased due to the increase of people's income in recent years.

Although the company has not been successful because the cost of products is still high, the profit earned is not achieved as expected but not discouraged the company has studied thoroughly and produced the right product for the demand. Using, adjusting the Company's development strategy has strengthened the Company's position in the market.

The company also encountered a number of difficulties, in the course of business due to lack of capital, the company had to borrow short-term bank, so it incurs an interest expense incurred which affects profit. of the company. Mechanisms, policies and prices of mechanical and construction material sectors are constantly changing and fluctuating, affecting design, verification and appraisal according to progress. Therefore, the Company needs to be more proactive in ensuring capital sources for production and business, limiting interest expenses to create an increase in profits for each project. Strong financial potential is also a tool for the company to increase its reputation and attract investment from outside.

Besides, through the research paper, the study of production and business performance is a necessary job. It helps the company better understand its position in the

market as well as better understanding of market trends and needs. The result of the thesis is a basis for helping the company to make current and future decisions. Through practical research, we know how customers evaluate their product quality, price, promotions, advertising are attractive, and the distribution system can meet the needs. consumer demand or not. From there we can compare the company's products with competitors in all aspects. And understand our competitors can give us reasonable solutions.

In general, Hoang Long Mechanics Technology Joint Stock Company has achieved proud results in the process of building a foothold in the market. Products of the Company are valued by customers more than competitors in all aspects. But there are still some unsatisfied consumers, but through this research thesis, the company will find the optimal solutions to meet the increasing and ever-changing demands and tastes of customers. .

The philosophy of community life and continuous contribution to the country is reflected in the strategic vision that has brought the company significant success and more solid steadiness.

Solutions to improve data analysis methods of Accounting Department

Overview of business performance in the period 2016-2018

Analyze the performance of using labor