Please Describe how Your Company Managed their Budgets and Finances due to the Covid-19 Pandemic: Accounting and Finance Assignment, UOS, Singapore

Answer the questions given below

Unit 1

talks about the costing process in an organization and unit 2 talks about the budgetary process in an organization.

In this assignment choose either to discuss the costing system OR budgetary system OR Industry4.0 of your organization by answering questions 1 to 4.

Please describe how your company managed their budgets and finances due to the Covid-19 pandemic. The assignment should be between 15 to 20 pages long.

You are required to

1.Introduce your department and organisation. We DO NOT need to know the actual name of your company.

2. Gather and present some literature review on costing systems OR budgetary system.

3. Describe the costing process OR budgetary process used in your company. Special mention would be given on how your company handled their budgets during the Covid-19 pandemic

Note: Your organisation may use a software (Enterprise Resources Planning – ERP, accounting software etc) or a manual system to track the costing process OR the budgetary process. You might also have project papers pertaining to Industry 4.0 implementation.  You are encouraged to provide flowcharts or Standard Operating Systems which are relevant to this paper.

4. Critique the costing process OR budgetary process OR Industry 4.0 plans used in your company. Special mention would be given on how your company handled their budgets during the Covid-19 pandemic.