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

Hallo silver and its impact on the on the accounting workplace - Essay ExampleMake sure it is any rough to happen or is just getting underway. Be specific. Answers such as technology bequeath earn you a failing grade on this essay. WORKPLACE CHANGE Hallo currency and its impact on the on the accounting workplace hullo Money is a liquid baking service that allows Barclays posit customers to carry out execute financial transactions by using fluid devices such and person-to-person digital assistant or mobile phone (Barclays, 2012). It is worth noting that Hello Money, like other mobile buzzwording 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 spite phones and web based technologies, which create the allowance for installation of special features that support mobil e banking. Currently, the popularity Hello Money continues to grow as many customers ar increasingly using it. Its full implementation implies the adoption of the machine-controlled 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 naughty influence/ uplifted 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 pivotal 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. H arold 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 sustain decision for Barclays Bank, yet he is important to the firms operations. Mr. Harold is high importance/low influence stakeholder. 3. Describe the vested intimacy of these stakeholders in the issue you chose. Explain any current events or trends that may be currently touch your stakeholders 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 senior high of success. These vested interests have been informed by various advantages associated with mobile banking. First, mobile banking is expected to cut down the be 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 separate and loans, with relative ease.