The following free essay sample is to use as an example only!
Whether My Company Can Be Impacted By "New Constructs: Disrupting Fundamental Analysis with Robo-Analysts."
In contemporary society, information in almost every business revolves around data and analysis, a task easily achievable using the New Constructs concept. Therefore, by being the CEO of the Western Power and Gas Company, a company that supplies power to every corner of Georgia state, it is no doubt that this trend will effectively help me remove accounting distortions that arise during financial and accounting processes. My company will benefit from using machine learning technology to clean all its data related to financial statements, thus achieving an accounting process that is free from distortions (Non-cyclicals & Cyclicals, 2020). Since my company exclusively deals with power and gas distribution in Georgia, the trend will enable it to obtain unparalleled information on the company's true economic progress through its in-depth analyses of the company's investments.
Moreover, this trend provides a powerful tool that effectively handles the company's accounting process, from the financials face and disclosures to the point of conducting management discussion and analysis of the financial statements. New constructs use this data through the application to create clearly defined and transparent adjustments to a firm's balance sheet and income statement (Wang & Thomas, 2018). Thus it provides an alternative for my company to exploit for more sustainable operating profits and ensures a return on the invested capital.
Western Power and Gas serve a vast city. Thus, adopting this trend would be key for me to analyze financial statements for a better understanding of forecasting and to realize improved business performance. Additionally, I would willingly implement New Constructs in my company to help create value for all my clients. Using this cutting-edge technology would ensure scaling of the forensic accounting expertise of most of the stocks within the company, enabling the clients to make more informed decisions.
References
Non-cyclicals, P. I. P. C., & Cyclicals, N. I. N. C, (2020). Focus List Stocks: Long–Update 5/14/20. LEA, 100(41.0), 54-2. https://www.newconstructs.com/wp-content/uploads/2020/05/FocusListLongUpdate_2020-05-14.pdf
Wang, C. C., & Thomas, K. (2018). New Constructs: Disrupting Fundamental Analysis with Robo-Analysts. Harvard Business School Case, 9-118.
