StudentShare solutions
Triangle menu

Hallo Money and its impact on the on the accounting workplace - Essay Example

Not dowloaded yet

Extract of sample
Hallo Money and its impact on the on the accounting workplace

Make sure it is either about to happen or is just getting underway. Be specific. Answers such as “technology” will earn you a failing grade on this essay. WORKPLACE CHANGE: Hallo Money and its impact on the on the accounting workplace Hello Money is a mobile baking service that allows Barclays Bank customers to carry out execute financial transactions by using mobile devices such and personal digital assistant or mobile phone (Barclays, 2012). It is worth noting that Hello Money, like other mobile banking services, is different from the mobile payments, which entail the use of the mobile devices to pay for goods. Hello Money is performed through mobile web or SMS. The service has been particularly facilitated by the evolution of an array of technologies, such as smart phones and web based technologies, which create the allowance for installation of special features that support mobile banking. Currently, the popularity Hello Money continues to grow as many customers are increasingly using it. Its full implementation implies the adoption of the automated accounting systems and this would significantly change the way accountants work. 2. Identify a primary and secondary stakeholder and explain why they qualify as stakeholders. Use the “Choosing a Stakeholder Decision Matrix,” located in Lesson 15, to identify a high influence/high importance stakeholder, as well as a secondary stakeholder who is either high influence,/low importance, or low influence/high importance. ...
These have been pivotal in making the crucial decisions about Barclays Bank (Barclays, 2009). They have been behind the full implementation of the Hello Money mobile banking service. These stakeholders are high influence/low importance. SECONDARY STAKEHOLDERS: my secondary stakeholder is Mr. Harold, a close friend and an accountant at one of the Barclays Bank local branches. Mr. Harold has a lot to gain or lose from the introduction of the Hello Money service because the service prompt adjustments in the accounting systems. Mr. Harold does not have an authority to make decision for Barclays Bank, yet he is important to the firms operations. Mr. Harold is high importance/low influence stakeholder. 3. Describe the vested interest of these stakeholders in the issue you chose. Explain any current events or trends that may be currently affecting your stakeholder’s interests. This is the interests of the primary stakeholders, who include the senior managers and the executive committee members, is to enable the firms reach great heights of success. These vested interests have been informed by various advantages associated with mobile banking. First, mobile banking is expected to cut down the costs of service delivery to customers. For instance, it has been cited that the costs of conducting a mobile transfer is cheaper than teller transfer by about fifty times and ATM transfer by about ten times (Delloitte 2010; p 4). In addition, they are convinced that mobile banking comes with a lot of flexibility, both to customers and the firm itself. For instance, the service makes it easy for the bank to combine and sell other services and products that are offered in the bank, such as credit cards and loans, with relative ease. ...Show more

Summary

Hello Money is a mobile baking service that allows Barclays Bank customers to carry out execute financial transactions by using mobile devices such and personal digital assistant or mobile phone (Barclays, 2012). …
Author : jrosenbaum
Hallo Money and its impact on the on the accounting workplace essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Hallo Money and its impact on the on the accounting workplace"
with a personal 20% discount.
Grab the best paper

Related Essays

Money , its for a History of economic thought class
Thinking of the quote today brings into perspective so many things and relays so much that I consider the person who conceived the thought not just a great mind but an intellect, an economist at that. The idea of money has everyone on toes. Existence of a reward system has every other person up and running, and the basis of this reward is money.
6 pages (1500 words) Essay
Impact of Emotion and Motivation on Workplace Performance
Elements that motivate people depend mostly on their psychological and social needs as well as their situational context. Unlike motivation which can be clearly defined as a process inducing people to think and act in a positive manner, emotions are more imprecise by nature. This is mostly because what people feel and express is not always identical
3 pages (750 words) Essay
IMPACT OF MORE ACCOUNTING INFORMATION
This analysis deals with the impact of more accounting information under different situations. The analysis begins with an explanation of the process of accounting highlighting in particular, the representational nature of accounting showing the differences in users of financial statements.
12 pages (3000 words) Essay
Credit Scoring and Its Impact
It includes statistical information about a borrower, the purpose of which is to determine the likelihood of whether the person will pay on time.2 Along with a person's credit history, a credit score has an impact on whether or not a borrower's credit applications will be approved, such as a mortgage, car loan, and credit card, including the interest rates he should pay.3 The credit score is a key information in order that a person will have a complete understanding of his/her credit profile.
18 pages (4500 words) Essay
Accounting in its organisational context
There are two popular methods of allocating costs that a service organisation in the United States and the United Kingdom use. The traditional costing method is uses only one or two cost drivers. On the other hand, the activity based costing allocates total costs using the different activities and processes in servicing a customer or groups of customers.
7 pages (1750 words) Essay
Money
ing as the middleman or go-between among lenders and borrowers; a good example of a financial intermediary are the banks and other financial institutions which accept deposits from people who have extra monies and lend these out to those who need them and willing to pay interest
3 pages (750 words) Essay
Explain the mechanism of the money multiplier. How can the monetary authorities influence its size and the supply of money
(businessdictionary.com, 2011) This is a study set out to vividly consider the issue of money multiplier. This issue will be looked at from various perspectives and these will include the relationship of a country’s
6 pages (1500 words) Essay
Racism in the UK workplace and its affect on managers
In United Kingdom, the minority individuals are often discriminated against the white though a reverse of the same may happen, white being discriminated against the minority. The paper seeks to
5 pages (1250 words) Essay
Positive impact of workplace diversity in the UAE
Support of equal opportunities as a result of diversification help institutions to increase their benefits by utilizing multicultural labor force (Green, Kepner, Lopez & Wysocki, 2002). The success of any
1 pages (250 words) Essay
Healthy Work Environment - Impact on Workplace Incivility Essay
erience incivility in the workplace setting where a colleague in a hospital where I was working repeatedly used a language that was intimidate to fellow nurses. This particular nurse assumed that she was more knowledgeable than others and as such looked down on colleagues and
2 pages (500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation