Professional Documents
Culture Documents
ΨΑΩΤ Ρ Ε Ε
Χ Ο ΜΠ Α Ν Ψ
2001
ΤΗ Ε : THE
ΨΑΩ Τ Ρ Ε Ε : YAWTREE
OUR VISION:-
OUR MISSION:-
We provide our customers with products and services at affordable and competitive prices.
OUR VALUES:-
To treat all customers equally, irrespective of their financial power, a political influence,
CONTENTS:-
Page
4. INTRODUCTION:- ……………………………………………………………………… 4
OPERATIONS:-
(ii) WHAT IS A MANAGEMENT ACCOUNTING SYSTEM, ITS NATURE AND PURPOSES; BENEFITS
…………………………………………………………… 5-6
6. THE HARDWARE AND SOFTWARE REQUIEREMENTS IN THE INITIAL STAGE:- …………. 6-7
7. THE BRIEF EXPLANATIONS ABOUT THE COMPUTER HARDWARE AND THE SOFTWARE OF
and expanding the business to spread throughout the big areas of the United Republic of Tanzania. We have
successes to capture the interest of many customers of our products and services in this year. And so our
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company business has expanded and has come to the point of successful competition in this world of very fast
changes of technology.
The business in this year continues to be more competitive; however the performances of our company
provided a platform for us to consolidate our efforts in achieving growth in total assets and profitability.
In this year 2001 our company made turn-round by realizing a Gross margin of TZs 92,160,000/=, compared
to TZs 81,154,000 /= in 2000.This profit is attributed mainly to improved services coupled with careful
investment.
Sure, as the Chairperson of this meeting of the Board of Directors of our Company The Yaw tree Limited; I
wish to express my grateful thanks to Mr. Mark Pope the Managing Director of our Company for his strenuous
efforts in managing the company’s daily business operations, also the member of the management committees
for their good directives and positive correctives measures and actions, as well as the employees of our
company for their strenuous efforts in making the company goals come true.
………………………………. ………………………………………..
2. MR MARK POPE.
7. DR . MAFALA MAFOYA
December 2001`.
In this year our company the Yaw tree Limited successes to capture the attention of the customers, we came
to that point of success due because to the strenuous efforts of the management team, the board of director’s
directives and the adherences of our employees to accomplish our company’s SMART define goals and plans.
Our company continues to increase the services to our customers and expanded to the bigger areas of our
country Tanzania. We have realized the convincing financial performance, financial position of our company
and the rapid increase in the networking capital by 2.5% in 2001 compared to 1.6% in the last year 2000.
To end my address to this board of directors about the 2001 Yaw tree Limited business operations, the
financial performance, financial position, financial health as whole and the prevailing condition of the company.
We have recognized the rapid growth of our company, the management of the accounts now has become a
difficult task to handle and we are squandering most of our time on desks to prepare accounts, prepare the
financial statements, and analyzing accounts manually using the old methods. In this way we failed to give out
the financial information in our day to day operations of the Yaw tree Limited. We do not know the conditions
of the company till the end of the year ,and so that is risk my dear comrades and so we must switch to the
establishment of the management accounting system in the next accounting year so as to make the positive
constructive measures against the prevailing situation of the company. The new way of managing the accounts
of our company by the computerized accounting system will benefits our company in many ways because of its
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nature and purpose. Though there are few problems that may be inherited in using computerized accounting
system ,the benefits overshadow the problems and always these problems are ease to manage if we will hire the
competent computer accounting system analysts , the system administrator and such management system
experts to work in our company. We will also have to take some employees in our company for short courses on
With my grateful heart to the existences and the prevailing of the Yaw Tree Company Limited, I would like
to appreciates the efforts of our board of directors ,the chair person of this end of the year meeting Mr. Shose
Isnshaki ,the Managing Director Mr. Mark Pope and the board of directors as whole ,our shareholders
,contributors ,venders ,stakeholders ,our company staff members and our creditors too, without forgetting Miss
Allison our company Auditor for they owed their efforts and suggestions to the best level of this company.
Thanks,
………………………………… ……………………
4. INTRODUCTION:-
This annual report of the Yaw Tree Limited is prepared by our company experts in repots writing
Dr. Shiyeshyoshe Manjayo .The big part of this report is about the establishment of the management accounting
system in the daily operations of the Yaw Tree Limited day to day business.
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BUSINESS OPERATIONS:-
The decision to establish the management accounting system was introduced in this company by our Auditor
Miss Allison when she made conversations with our Managing Director Mr. Mark Pope, though Mr. Mark Pope
tried to be reluctant he was convinced and he posed the issue into the management team committee meeting
where by the shareholders, the employees of the company and some stakeholders joined hand to suggests for
(ii) WHAT IS A MANAGEMENT ACCOUNTING SYSTEM, ITS NATURE AND PURPOSES; BENEFITS AND
Dear comrades and other members of the Yaw Tree Company Limited, we got to know at least what is the
management accounting system , its nature and purposes as well as the problems that we may encounter when
using the system to manage accounts ,production and sales for our company.
To start with the meaning of the management accounting system, this is simply defined as a process designed
It can provide economical computerized accounting system for any business; small, and medium to large.
The system can be used to prepare paychecks, monthly credit card statements and other bills and therefore keep
track of bank account balances. In fact our company can depend on such a computerized system to provide
The nature and purpose of such a system my dear comrades is to stay in the business and do good job; so w e
can tie some portion of money on this system rather than bank our company’s hopes on the manual methods of
accounting which most of the time in managing the company’s business is spent on desks instead of looking
around to know more about the business in a day to day routines. More over this computerized accounting
system will help to keep track of what we have or need between the physical when we had done with our annual
There are simply five direct benefits we will benefit after establish the computerized accounting system; let
As I have said early this can help to quickly generate useful and reliable information for the company’s
management such as monthly management reports that might include the information which will help the
management is informed of any situation or condition of the company so that the management can take the
correctives measures soon and on time before the situation get worse.
1. We can simply be aware with the revenues and profits which are allocated according to customers, divisions,
sales people, our products and other services we are providing. This will help us to understand where the profits
2. We will also be able to compare the financial performances of our company relative to the financial
3. We can simply discover the patterns or trends of changes in revenues and costs as times changes or in
different periods.
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4. After introducing the management accounting systems we will be in position to monitor the currents assets
5. Take some various measures of operations efficiency, such as the revenues per employee, the fixed assets
turnover, return on assets, return on equity, the revenues per specific pieces of equipments, and costs of defects
The hardware requirements are structured as under such that, there are the needs for;
We have also some arrangement for the ongoing technical support and training.
7. THE BRIEF EXPLANATIONS ABOUT THE COMPUTER HARDWARE AND THE SOFTWARE
ACCOUNTING SYSTEM:
COMPUTER:-
The computer itself is an electronic device that executes the instructions in a program. Or can also be
defined ;as a machine which takes data as its input; processes it using programs (set of instructions) and
produces output information as its output, with the following properties such as ;storage capacity-huge if
compared to other machines ,processing speed-higher if compared to other machines based on retrieval and
computation, can do billions of actions per second , accuracy-guaranteed-makes no mistake except that users
are the one who can mess-up ,automation-works with no human intervention ,diligence-can work continuously
for hours, days etc without stopping. , and it is flexible for all types of users to use.
PARTS OF A COMPUTER:-
A computer is made up of two parts that are the computer hardware and the computer software, therefore:-
The computer hardware; Is the physical part of the computer-which can be touched and sensed. And the
computer software; is the set of instructions that make sense to a machine. This software is written in machine
language.
It has to go through these steps when working; Input-accepts data, processing-processes data, Output- produces
COMPUTER SYSTEM:-
Program:- Set of instructions that can be read by a machine or set of machine readable instructions.
Software:- Program used by individuals or is the set of instructions that tell the hardware how to perform a
Package:- Something packed for sale and can be used globally or the programs that are used globally by
Note:- All software are programs, but not all programs are software.
We may encounter some problems when using the management accounting system so that we must be aware
with the following details about solving problems using the computer;
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The first thing is the problem must exist , then a method to a solution must be known ,we must have the system
analysts ,therefore the method must be translated and stored in a computer machine language . From there the
software engineers translate the method into the machine language. The human language is changed into
programming language –programmer and vice versa the programming language into machine language –
complier. Hence the processor after being instructed will execute the method to a solution
SOFTWARE:-
There are two types of computer software such as; system software and applications software.
System software: Is used to control the operations of the applications software as well as coordinates the
Application Software: This consist of programs that direct a computer to process input data into output
information.Forexample, data regarding sale invoices and the number of each item sold is entered into a
computer.
The computer is then able to process these sales facts and printout a sales report showing total sales. Business
managers can use this information to identify inventory items that are fast selling as well as those items that are
Applications software is also used for specific tasks such as processing payroll checks, creating word
(i) It offers an opportunity for efficient, economical preparation of financial reports and statements.
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(iii) Provide management with a wider range of information more quickly and accurately than manual
accounting system.
There other benefits when using the application software such as to maintain the ; General journal
transactions, post the transactions to ledger accounts, prepare trial balances ,and prepare financial statements
when needed such as balance sheets, statements of change of equity, income statements, and cash flow
statements.
There are other very specific applications we can mention here which are also the benefits of establishing the
computerized accounting system in the management and business operations of the Yaw Tree Company
(i) To manage the accounts receivable for example to record sale, to record the customers payments and prepare
(ii) To manage the accounts payable programs such as, to maintain accurate accounts balances for amounts due
to creditors and prints necessary checks to pay those creditors when payments are due.
There is a need to recruit or hire some ICT experts to save in our company; there we need the systems
administrator and the systems analysts. Moreover we must take some employees from our company for short
course on how to use the computerized accounting system. We will begin by train twelve people.
HARDWARE TOTAL
SOFTWARE
INITIAL TRAINING
ANNUAL INVESTMENT
ADDITIONAL PERSONNEL
ANNUAL BENEFIT
(Greater efficiencies reduce costs/sale as it can be seen from the calculations 134/300 which is 45.% compared to
78,920/17108 which is 46%).Therefore cost per sale ratio will reduced by 1% in the next accounting year after
To be able to take some measures against any threats and risks such as (malfunctions, poor accuracy,
forgery, malpractices viruses, the spays, and security risks in using the computerized accounting system the
Yaw Tree Limited have amount of money set from the portion other the other expenses and charges to buy
some ant-virus (Norton and the Dr. Web ant-viruses) to make sure that no such security risks and spays attack
our system Also from this amount which is 34,000,000/= from 56,000,000/= we will use it to make some
11. REFERENCES:-
Powell .P (2000) “Financial Reporting Analysis and Planning”; Third Edition, Financial World Publishing.
http://custom-writing.org/blog/writing-tips
www.aejmc.org/_officers/officer_resources/toptips_annualreport.php
www.aejmc.org/_officers/officer_resources/toptips_annualreport.php
http://www.bot.go.t
http://www.investpsp.ca
http://www.acrp.com
http://www.investpsp.ca