Model and Preliminary Empirical Evidences †MyAssignmenthelp.com

Question: Discuss about the Model and Preliminary Empirical Evidences. Answer: Introduction The purpose of this paper is to propose a small project for the students who are trying to get financial help to their project from the Government of Australia. The Australian government is offering funds to the small business owner to expand their organization. We are looking forward to propose a project which meets all the criteria of Australian government to get the financial funds. The Australian Government has pointed out some criteria which the proposed project should meet to get the approval of the financial funds. The criteria which are set by the government are The project should have its own unique characteristics. It should not be based on franchises. The project should be completed within the period of one year The approved budget for the project should be less than $ 40000. Large profit can be generated with minimum start-up cost No other donation plan should be approved by other investors In this paper, we are proposing a project of accounting system required to analyse the income from green manure composting program for upgrading the economic condition of the rural areas. The total budget required for the project is $ 35,560 Project Background Green manure composting is the project which helps in raising the economic condition of the rural areas people and also helps in managing ecological balance by proper handling of the waste generated. The project is proposed for the rural areas of New South Wales, Australia to promote earning from the agricultural wastes which is collected in the location. The sustainability of the project can be achieved by getting approval of financial funds from the government of Australia. It is the new source of income for the farmers. In this proposal, we are going to develop an accounting system for managing the sale and purchase of the manure, income earned in relation to investment , calculation of return on investment (ROI), return on equity (ROE), and return on Assets (ROA). The implementation of the proposed project has positive impact on measuring the growth of the rural people, environmental condition, preservation of the ecological balance, and settlement of the agricultural and the kitchen waste of the surrounding. The proposed project requires very low budget for its implementation. The chemical fertilizers which are used for increasing the productivity of the agricultural field is directly affect the health of the common people and give rise to many diseases like blood cancer, diabetes, and etc. The nutrients of the vegetables and fruits are degraded with the use of chemical fertilizers (Booz, Allen, and Hamilton, 2015). There is a single solution to these problem is to promote the green manure composting because it will increase the quality of the nutrients present in the vegetables and food. The environmental can be kept clean by decomposing the agricultural waste into the development of green manure composition. The objectives of the proposed project are as follows: Measuring the income earned by the sale of green manure Automatic system for measuring the profitability of the farmers It helps in managing the agricultural and the kitchen waste of the community Promoting profit of the rural people by sailing of the green manure Keeps the environment clean Adding nutrients to the vegetables and fruits Improving the quality of the food items Improving the yield per hectare of the agricultural farm by making use of green manure for farming Earnings of the rural people can be improved Positive effect can be seen in the health of the common people Increasing the fertility of the soil Long term sustainability of the agricultural farms Problem Definition The farmers are inefficient in managing their income with accuracy there is no scheduling of cost related activities in their daily curriculum plan. The ineffective cost management program for the farmers can affect the working schedule due to the limitation of funds in completing their activities. The improper management of earning will affect the growth of the farmer (Carneige Mellon university, 2014). The farmers are unable to measure their profit earned by them throughout the year. The proposed system helps in analysing the return of investment which the farmer earned by establishing the plant of green manure. The excessive use of chemical insecticides and pesticides had degraded the quality of nutrients in the fruits and vegetables which have a direct impact on the health of the common people. The people are get affected with diseases like cancer, diabetes, and etc. due to the poor quality of the food item which they eat. The handling of the waste is another important step for t he growth of environment. From the recent study of environment, it has been noticed that the pollution level of the environment is increasing with 0.5 % daily due to the inefficiency in handling waste produced from different sources. The step should be taken to promote ecological balance by managing agricultural and kitchen waste effectively with the proposed project of green manure composting. The investment on the raw material supplied to the project is zero. The green manure composting program is the best solution to resolve the problem of environmental handling program and increasing profitability action plan for the ferment with minimum of their efforts in investment. The population explosion had increased the demand of agricultural products. The productivity of the agricultural lands should be increased in terms of yield per hectare. The step should be taken to manage the supply and demand of the agricultural products among the people for sustainability. The agricultural land is limited in relation to the population growth. The solution to this problem is to increase the yield harvested per hectare. This can be effectively done with the application of proper fertilization of the farm. Traditionally, the farmers make use of chemical pesticides and insecticides for increasing the productivity to meet the demand of the population which has an adverse effect on the population health. The serious disease are caused due to the excessive chemicals in their body which is due to the chemical absorbed in the vegetables and fruits which thy eat. The current market trends of increasing productivity should be transformed with the proposed project of green man ure composting program. The automation system in the management of cost motivates the farmers to take step forward in increasing their earning from the proposed program. The project proposed is of very low cost and efficient in providing very high result of accuracy. The addition of green manure to the land will increase the fertility of the soil without any chemical ingredients which in turn increase the yield cultivated per hectare. The quality of the vegetables and fruits get improved due to the accumulation of high nutrients in it. The availability of the nutrients in the soil results in the long term sustainability program of the agricultural practices. The research analysis helps in analysing that the farmers ar not aware of the green manure composting program. The arrangement of the educational program on the green manure composting motivates the farmer to look towards it for increasing the productivity of their farm. Benefit to the community The Government of Australia has taken many steps, policies and procedures for promoting the economic condition of the Farmers and rural people to bring dynamic changes in their living standard. The accuracy in the management of the cost program for the farmers helps in promoting their growth at the national level (Marriott, 2015). The proposed project of accounting system for green manure composting helps in increasing the profitability of the rural people by the development and sailing of the green manure. The automation system in the management of cost motivates the farmers to take step forward in increasing their earning from the proposed program (CROS, 2015). The project proposed is of very low cost and efficient in providing very high result of accuracy. The agricultural waste collected and converted to the green manure helps in cleaning the environment and promoting the earning of the rural people. The productivity of the agricultural field can also be improved by utilizing the green manure for agricultural practices in spite of pesticides and insecticide. The chemical fertilizers damage the nutrients of the production (European Commission, 2016). The expected outcome of the project are accuracy in the cost benefit ratio, calculation of return on investment in relation to the value of asset, the proper management of the agricultural and the kitchen waste of the community, promoting profit of the rural people by sailing of the green manure, efficient in keeping the environment clean, capable of adding nutrients to the vegetables and fruits, improving the quality of the food items, improving the yield per hectare of the agricultural farm by making use of green manure for farming, earnings of the rural people can be improved, positive effect can be seen in the health of the common people, and helpful in increasing the fertility of the soil. It results in long term sustainability of the agricultural farms (Rayns, 2013). The project is proposed for achieving the sustainable growth in the economic condition of the rural people. The integration of the farming activities helps in managing the supply and demand of the agricultural prod uct among the population. The proposed project is capable of getting the financial funding from the government of Australia because it is fulfilling all the criteria set by the government such as the project should have its own unique characteristics. It should not be based on franchises, the project should be completed within the period of one year, the approved budget for the project should be less than $ 40000, large profit can be generated with minimum start-up cost, and no other donation plan should be approved by other investors (Belfort, Martens, and Frietas, 2016). The efficiency of the proposed project can be improved by getting approval of funds from the government of Australia. Project Requirement The basic requirement of the proposed accounting system for management of profit earned by green manure program for farmers are summarised in the table below: Project Requirement Specification Efficient in handling customer requirement Ease of handling Management of dashboard Graphics Icons Automatic generation of cost report Use of Six sigma strategies Management of Green manure Inventory management Billing facility For the sale of the product User Friendly Direct buttons for accessing Assumptions Availability of expert Availability of inventory report Financial Funds required for the project Occurrence of droughts and floods can affect the productivity Cost Matrix The total budget of the project is $ 35,560 Particulars Proposed Budget Techical Equipment $ 22,000 Experts Engaged $ 5000 Mortage $ 560 Training and educational program $ 2000 Power Supply $ 2500 Hardware specification $ 4000 Software specification $ 2500 Total Budget $ 35560 Six Sigma tools are used for analysing the cost matrix associated with the development of the project. Risk Identification and Management Risk Identified Area affected Potential Impact Probability Risks Mitigation program Occurrence of floods and drought Agricultural land and crop productivity High Low Diversification in the crop sown Initialization of drainage system Outbreaking of crop disease Less crop productivity Medium High The entrance of animals should be restricted in the agricultural farm Change in market trends Affects the return of investment High Medium Training and educational program for guiding the people about the benefits of green manure composting Lack of Knowledge Affects the return of investment Medium High Training and educational program for guiding the people about the benefits of green manure composting The earning of the farmers gets affected due to the occurrence of flood and drought which directly affect the cost management system implemented for the betterment of the farmers to calculated their return on investment for the year. The positive increment in the profit creates a feeling of satisfaction and vice-versa can demotivate them. Time Schedule Project on Green Manure Composting program Phases Sub-activities Start Date Finish date Project Motivation and initialization Survey of the agricultural field 25 April, 2018 30 April, 2018 Survey of the environmental reports 01 May, 2018 05 May, 2018 Initialization of data gathering procedures 06 May, 2018 16 May, 2018 Initialization of project requirement 17 May, 2018 22 may, 2018 Analysis of impact on community 23 May, 2018 31 May, 2018 Requirement gathering and analysis phase Analysis of the agricultural field 01 Jun, 2018 10 Jun, 2018 Analysis of the environmental report 11 Jun, 2018 18 Jun, 2018 Development of strategic approach 19 Jun, 2018 27 Jun, 2018 Scheduling of the green manure composting program activities 28 Jun, 2018 07 Jul, 2018 Analysis of land required 08 Jul, 2018 15 Jul, 2018 Development of cost matrix 16 Jul, 2018 22 Jul, 2018 Development of the risks matrix 23 Jul, 2018 05 Aug 2018 Development of the time schedule plan 05 Aug, 2018 14 Aug, 2018 Project Design Phase Designing of the green manure composting plant 15 Aug, 2018 23 Aug, 2018 Land required for collecting agricultural waste 24 Aug, 2018 28 Aug, 2018 Set up of the proposed project 29 Aug, 2018 06 Sep, 2018 Production Phase Designing of the process required for converting the waste into green manure 07 Aug, 2018 15 Aug, 2018 Schemes for sailing of the green manure 16 Aug, 2018 23 Aug, 2018 Arrangement of educational and awareness program 24 Aug, 2018 30 Aug, 2018 Implementation phase Working of green manure plant 31 Aug, 2018 10 Sep, 2018 Analysing profit earned 11 Sep, 2018 22 Sep, 2018 Feedback of the farmers 23 Sep, 2018 30 Sep , 2018 Conclusion: From the recent study of environment, it has been noticed that the pollution level of the environment is increasing with 0.5 % daily due to the inefficiency in handling waste produced from different sources. The step should be taken to promote ecological balance by managing agricultural and kitchen waste effectively with the proposed project of green manure composting. The investment on the raw material supplied to the project is zero. The cost management accounting system for the farmers helps in analysing their profit earned from the new project of green manure system. It helps in getting accuracy in the daily management program of earning of the farmer. It provides systematic approach for handling their daily curriculum activities. The handling of the cost in buying the raw material, cost spend in supply of the product, cost spend on mortgage program, earnings from the sale of manure and agricultural products, and others can be efficiently done by the proposed accounting system fo r the farmers utility program. The automation system in the management of cost motivates the farmers to take step forward in increasing their earning from the proposed program. The project proposed is of very low cost and efficient in providing very high result of accuracy. The economic growth of the farmer is the first step in increasing the nations economy. The government has designed many policies and procedures for promoting farmers. This project will aid an efficiency in the earning program of the farmers. The Training and educational program helps the farmer to gain knowledge about the benefits of cost accounting system organized for calculating the earning of farmers from the proposed project of green manure composting. References Belfort, A., Martens, C., and Frietas, H. (2016). Enterpreneurship in project management system: Proposal of a model and preliminary empirical evidences. 1st ed. [ebook]. Available at: https://www.scielo.br/scielo.php?script=sci_arttextpid=S1807-17752016000300405 [Accessed 13 Apr. 2018]. Booz, Allen, and Hamilton. (2015). Earned value management tutorial. 1st ed. [ebook]. Available at: https://science.energy.gov/~/media/opa/powerpoint/Final_Module_4.ppt [Accessed 13 Apr. 2018]. Carnegie Mellon university. (2014). Cost control Monitoring and accounting. 1st ed. [ebook]. Available at: https://www.cmu.edu/cee/projects/PMbook/12_Cost_Control,_Monitoring,_and_Accounting.html [Accessed 13 Apr. 2018]. CROS. (2015). Cost Management Plan. 1st ed. [ebook]. Available at: https://capmf.cio.ca.gov/pdf/templates/samples/BOE_CROS_CostManagementPlan.pdf [Accessed 13 Apr. 2018]. European Commission. (2016). Report on phase 1 of the knowledge innovation project on an integrated system of natural capital and eco-system services accounting. 1st ed. [ebook]. Available at: https://ec.europa.eu/environment/nature/capital_accounting/pdf/KIP_INCA_final_report_phase-1.pdf [Accessed 13 Apr. 2018]. Marriott, E. (2015). Making and using compost for organic farming. 1st ed. [ebook]. Available at: https://articles.extension.org/pages/18567/making-and-using-compost-for-organic-farming [Accessed 13 Apr. 2018]. Rayns, F. (2013). Green Manures. 1st ed. [ebook]. Available at: https://www.organicresearchcentre.com/manage/authincludes/article_uploads/iota/technical-leaflets/green-manures-leaflet.pdf [Accessed 13 Apr. 2018].