M722 Jim Norris.docx - Running Head JIM NORRIS 1 Jim Norris...

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Running Head: JIM NORRIS 1 Jim Norris Institution Affiliation Date
JIM NORRIS 2 The challenges faced by Jim Norris. Jim Norris is experiencing many difficulties in his business. He encountered challenges in financial accounts maintenance for new operations (Derrick Neufeld, 2014). To improve financial performance of the company, it was necessary to make paper records for the new activities. However, multiple new operations became complex which affected the preparation of financial transactions. If Norris would opt to hire an accountant, the financial analysis of his business would only be conducted at the end of the year which could lead to losses. Also, the use of software for records can be risky to the security of the company. The business is vulnerable to losing over Aztek financial outcomes due to insufficient financial details. The options available to Jim Norris. One of the alternatives that Jim Norris has to address his financial reports issues is hiring an accountant to present the statements at the end of the year. However, he should understand

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