Description
(Project)
see the file, also
I need you to Identify a client and provide a video link (due by 9 pm on Feb. 18 (Saturday))
Please identify your client and provide a web link to a VIDEO about your client or similar to your client’s business (if you cannot find a video for your client)
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Explanation & Answer
Attached.
Running head: BUSINESS CYCLES AND INTERNAL CONTROL
Business Cycles and Internal Control
Name
Institution
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BUSINESS CYCLES AND INTERNAL CONTROL
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Business Cycles and Internal Control
Introduction
Web link for Airbnb business video: https://www.youtube.com/watch?v=WzGhFmiB9G0.
The business cycle is a fundamental aspect of a business process that determines the flow
of operations from one stage to the next. Primarily, any business activity occurs in different
stages where dissimilar elements materialize. The final product, therefore, is a culmination of all
these procedures to produce the final product or service (Arens, Elder, Beasley, & Hogan, 2016).
The study of the business life cycle and internal control is of great significance for Airbnb
Company in its operations given the need to monitor production and service process. For an
online company, there is a need to have an appropriate control mechanism to track everything
that happens within the organization. The achievement of whichever commerce considerably
hinges on the business cycles of the company and the laid down self-control mechanisms.
Therefore, the client will benefit greatly from the business cycles discussed in this project, as it
will provide a basis for its operations. Secondly, it will assist in streamlining the development
process thereby saving the client resources that would otherwise go into additional functions.
The study of business cycles allows a company to understand its operations and know
each stage with its requirements. The client, therefore, will know how to spend the available
resources at each step without interfering with the entire budgeting process of the company.
Most importantly, such a study will enhance a level of sustainability in the business process (De
Visscher, 2016). It will let the client monitor the business on a timely, regular and structured
manner and be able to get immediate solutions to the challenges facing the industry. The critical
nature of the study, therefore, will have a substantial benefit to the business process and the
BUSINESS CYCLES AND INTERNAL CONTROL
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client. For many enterprises, business cycles are the remaining concept that can transform their
operations from the present state to the next level of sustainability and increased profit margin.
Business Cycle Documentation
The documentation of a Business Cycle fundamentally benefits the company’s ability to
monitor its operations and makes it easy for the management to acc...