Provide at least one good (or bad) example of profit planning done by a firm you are familiar with, for example, a current or former employer. How would you determine if the firm's information (provided in different formats by both the firm and other organizations) seems to be reasonable in their financial statements?

Graduate Discussion Rubric Overview Your active participation in the discussions is essential to your overall success this term. Discussion questions will help you make meaningful connections between the course content and the larger concepts of the course. These discussions give you a chance to express your own thoughts, ask questions, and gain insight from your peers and instructor. Directions For each discussion, you must create one initial post and follow up with at least two response posts. For your initial post, do the following: ? Write a post of 1 to 2 paragraphs. ? In Module One, complete your initial post by Thursday at 11:59 p.m. Eastern. ? In Modules Two through Ten, complete your initial post by Thursday at 11:59 p.m. of your local time zone. ? Consider content from other parts of the course where appropriate. Use proper citation methods for your discipline when referencing scholarly or popular sources. For your response posts, do the following: ? Reply to at least two classmates outside of your own initial post thread. ? In Module One, complete your two response posts by Sunday at 11:59 p.m. Eastern. ? In Modules Two through Ten, complete your two response posts by Sunday at 11:59 p.m. of your local time zone. ? Demonstrate more depth and thought than saying things like “I agree” or “You are wrong.” Guidance is provided for you in the discussion prompt. Rubric Critical Elements Comprehension Timeliness Engagement Exemplary Develops an initial post with an organized, clear point of view or idea using rich and significant detail (100%) N/A Provides relevant and meaningful response posts with clarifying explanation and detail (100%) Proficient Develops an initial post with a point of view or idea using appropriate detail (90%) Submits initial post on time (100%) Provides relevant response posts with some explanation and detail (90%) Needs Improvement Develops an initial post with a point of view or idea but with some gaps in organization and detail (70%) Submits initial post one day late (70%) Provides somewhat relevant response posts with some explanation and detail (70%) Not Evident Does not develop an initial post with an organized point of view or idea (0%) Value 20 Submits initial post two or more days late (0%) Provides response posts that are generic with little explanation or detail (0%) 10 20 Critical Elements Critical Thinking Writing (Mechanics) Exemplary Draws insightful conclusions that are thoroughly defended with evidence and examples (100%) Initial post and responses are easily understood, clear, and concise using proper citation methods where applicable with no errors in citations (100%) Proficient Draws informed conclusions that are justified with evidence (90%) Needs Improvement Draws logical conclusions (70%) Not Evident Does not draw logical conclusions (0%) Value 30 Initial post and responses are easily understood using proper citation methods where applicable with few errors in citations (90%) Initial post and responses are understandable using proper citation methods where applicable with a number of errors in citations (70%) Initial post and responses are not understandable and do not use proper citation methods where applicable (0%) Total 20 100%
 

Good Profit Planning by the Accounting and Finance Department Staff in a Business

Introduction

            Profit planning is a term that is used to refer to the actions the management of a business or a company has to take in order to attain a given profit target in a specified period of time. Therefore, the profit planning process in business involves the set of objectives the company has put in place to attain its target profitability (Rahe, et al., 2020). Moreover, for the profit plan to be attained, the management has to follow through and implement all the aspects of the plan. Therefore, the business`s management is among the best companies that follows through to execute its profit plans. This paper is to look into the business`s profit plan and also respond to a classmate`s post on the best recommendations on inadequate profit planning.  

            The strategic profit planning of the business is primarily based on the efficiency of linking the market to the consumers. Therefore, to attain the maximum possible profit, the business has implemented into its profit strategy heavy investment in information technology and advertising (Hofmann and Sertori, 2020). Moreover, the business has also strategized to offer its clients the best shopping and product consumption experiences. Furthermore, the business has maintained a huge investment portfolio for its market operations. Therefore, the products offered by the business include; retail services and products, web services, and a large verity of advertisement services. Moreover, the firms retail services remain the company`s biggest source of revenue, through its online and physical stores. Similar, the internet services are a fast growing product and since it`s inauguration into the market, has helped to further increase the profitability of the business.

Recommendations for Inadequate Profit Planning

            Inadequate profit planning occurs when the businesses’ current real profits are less than the company’s expected profits. Therefore, in the even an inadequate profit planning effects, there are a number of strategies that could be used to reduce the impacts of the effects to the business (Shivaani, 2020). The best method a business entity can use to avoid inadequate profit planning is to set attainable profit targets. Therefore, the business management has to set targets based on the available company resources. Furthermore, overstating the target can lead to a strain on the company resources and may cause inadequacy to the planned profits. Similarly, understating the target may have led to underemployment of some of the business resources and hence may led to inadequacy in the planned profit (Engelhardt, 2021). The company can also avoid inadequate profit plans through the implementation and following of all the objectives of the profit plan. Adequate implementation of the profit plan will reduce the chance of failing to meet the profit targets. Moreover, changes to the company plans and implementation of a flexible profit plan is also key to the attainment of the profit targets. Therefore, proper planning and execution of the profit plan will reduce and even eliminate inadequate budget plans in the business organization.     

Conclusion

In conclusion, profit planning is a term that is used to refer to the actions the management of a business or a company has to take in order to attain a given profit target in a specified period of time. Therefore, the profit planning process in the Amazon company involves the set of objectives the company has put in place to attain its target profitability. Proper profit planning has enabled many businesses to maintain high profits relative to other enterprises in the industry. Therefore, proper profit planning is key to the sustainability of a business organization.

OUTLINE ON GOOD PROFIT PLANNING

TOPIC: Good Profit Planning in the Amazon Corporation

OBJECTIVE: To identify Amazon company's profit plan and responds to a classmate's post on the best recommendations on inadequate profit planning.

TOPICAL ANALYSIS

1. Introduction
2. Proper Profit Planning in the Amazon Corporation
3. The Amazon Company Profit Planning Strategy
4. Recommendations for Inadequate Profit Planning
5. Conclusion