Twilight Financial Controls

Question: Describe about the Global Opportunities, Financial Analysis and Measurement and Control of Twilight organization? Answer: Global opportunities Twilight is something that people from different corners of the world are awaiting for and hence, the business can grow globally and people from different corners of the world will accept this as well. Twilight is being set as business that is willing to make profits and this may not be accepted in developing countries and under-developed countries. People at the age of 55 may be more concerned about saving the money and hence, they may not be willing to make an investment in such a business. It is very important for Twilight to understand the market that will accept and the market that may not be willing to spend money on luxury services. While Twilight is planning to extend globally, it should consider various factors so that the business can face the challenges in the new market. Few of the challenges that will have to be considered by the business are discussed below. Cost competitiveness can create an impact on the business. It is seen that there are plenty of NGOs which are providing the similar services in bits and pieces and hence, the management of Twilight should consider the things that makes them different than that of the services provided by the NGO. All the countries may not be economically stable and hence, it is the responsibility of the management to understand the economic status of the country so that Twilight can be rest assured that they can deal with financial shocks. Government support is very important for the business and hence, the management of the business should share the business plan with the government officials and take approval. This will help the business to avoid problems in the long term. It is very important for the management of Twilight to understand the role of government in the business and all the governmental obligations should be taken care by the business. The management of Twilight should also check if the required human resources are available. If the required human resources arent available then it will be difficult for the business to survive. It is the responsibility of the management to plan in advance regarding the plans of human resource shortage. In case of absence of appropriate plan, the business plan will not be able to reach the right set of people. The technological front of the nation should be considered so that the management can be rest assured that they will get access to the required technology. With the help of technology, management of Twilight can reach the right set of people (EY n.d.). Financial analysis of Twilight Various strategies will be used by Twilight so that they can analyze the performance of business. Few of the methods that will be used to analyze the future of the business are discussed below. This is a completely new set up and hence, the past performance of the business cannot be considered. The business will talk about the future performance of the business. The accounting team of the organization will prepare forecasted financial statement. The actual performance of the business will be compared with the real sales. The deviations will be calculated and will look for ways by which the deviations can be corrected in the upcoming quarter. There are plenty of NGOs which is helping people to get rid of the mental trauma that they may face due to retirement. It is very important for the management of Twilight to understand the number of people visiting them for help as compared to that of people who come to Twilight (Accounting Tools n.d.). Financial analysis and measurement The financial analysis and the measurement of the business will be dependent on few of the financial ratios. The financial ratios that will be considered, so that the management can keep a track of the cash inflow and also the cash outflow, are discussed below. The liquidity of the business will be considered so that the management can be rest assured that they can take care of the daily cash transactions. If the daily cash transactions are avoided then the business operations cannot be taken care. The management will always ensure that a certain level of liquidity is maintained in the business so that the urgent requirements of business can be well taken care of. Profitability ratio of the business will also be tracked. The management will ensure that the profitability ratio increases on continuous basis so that the business can grow. The profitability ratio will grow as the investment in business will reduce with time (Guinn 1991). References Guinn, P, 1991, Measurement of Financial Performance, Valuation actuary symposium proceedings, Session 11, pp. 481-487 EY, Top 10 risks and opportunities in 2013 and beyond, Viewed on February 07, 2015, https://www.ey.com/GL/en/Services/Advisory/Business-Pulse--top-10-risks-and-opportunities Accounting Tools, Financial Statement Analysis, Viewed on February 07, 2015, https://www.accountingtools.com/financial-statement-analysis