Rather than just diving into a project and hoping for the best, a feasibility study allows project managers to investigate the possible negative and positive outcomes of a project before investing too much time and money.
A feasibility study is a way to evaluate the practicality and desirability of a project. Sometimes Accounting Companies want to understand input costs, the amount of research that will need to be done, or even the marketability of a project. With input prices, it is essential that companies understand, (even before they put time and research into the project), how much it would cost to go through with their product. Companies also like to know if they put time into research and go through with their change or promotion of a product, how the public/people will react to the change. Will people be fighting over the new product or will it fall through? The purpose of feasibility studies is to provide companies information and analysis on whether or not you or your company should pursue this course of action.
Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the environment, the resources required to carry through, and ultimately the prospects for success.
Our service professionals study and analyze the industry and its various components, with an all-inclusive study of the changing market behavior. We provide businesses with an insight of the ‘industry, competition and market? Necessary to compete in today’s fast paced business environment. All feasibility studies carried out by us are used for effective decision support purposes. We focus on sensitivity analysis, making sure that feasibility studies show the full effect of changes on the key variables in varied sectors.
Great ideas alone don’t ensure a successful enterprise. A key underpinning of success is the ability to make solid financial projections that give an accurate picture of your business’s future and its predicted health.
Financial projections are a critical activity for every business irrespective of its age and size. For new enterprises, the preparation of financial projections is integral to the business planning process. For larger companies, financial planning forms part of annual budgeting and play an important role in long-term planning, business appraisals, corporate development etc.
The purpose of formulating the financial projection is to predict what the business is capable of in terms of revenues and profits, with the help of the assumptions made on potential costs, market size, prices, marketing conditions and so on. Usually the assumptions are made based on particular market conditions. The assumptions, which are found on the business plan and marketing plan, are forecasted by the known and available information about the variables involved in it. It also helps us to come to the conclusion about the growth pattern, ROI, return on equity, how much investment is needed for the business, financial methods and so on. Business plan financial projections should be both optimistic and realistic, based on research and experience rather than wishful thinking.
A good financial projection is very important for the business to run successfully and saves the company from travelling in wrong direction. Our team of professionally qualified accountants prides itself on providing customers with customized documents that are thorough, well-researched, and expertly written. Our team has consulted on thousands of business plans and tailors each one to your particular business, industry, location, and projected earnings. We have the experience and knowledge to help get your venture funded.
In recent years, the relevance and objectives of Internal Accounting Controls, have expanded far beyond the traditional ambit of protection against theft and fraud, well into the areas of effectiveness, accountability and operational efficiency of the organization.
The overall purpose of internal control is to help a company achieve its mission and accomplish certain goals and objectives. An effective internal control system helps to:
Companies face endless challenges in business and need to constantly evolve and innovate. Despite our close working relationship over the years, we are, in fact, outsiders to the clients’ organization and can therefore be objective in presenting our observations and suggestions. These relate to reportable conditions and other business processes, primarily at the enterprise level, which we note as by-products of our audit. These business advisory services are offered in the hope they will lead to a creative exchange of ideas, one which will result in meaningful actions to enhance the Company’s growth and profitability, or, to benefit and strengthen the Organization, while enhancing the depth and value of the professional relationship mutually, for the client and the Firm.
Our scope of services includes identification of business opportunities, facilitating joint ventures, partnerships, mergers and acquisition. As the auditors of several companies, we are in a unique position to provide clients with constructive ideas and insights. We collaboratively work to help our clients reinvent their business models by drawing upon our strong commercial acumen and invaluable knowledge founded on years of experience in diverse.