Name: Aliah MarieE.

Salar

BSA-3

1. What is strategic business analysis?

Ans:

Strategic business analysis are those actions and decisions made by management while
trying to understand the impact of strategic events like: introduction or development of new
product line, setting up a factory in a new location, employing key staff, selecting organizational
structure, investing in new technology, managing risks, complying with relevant laws and
regulations, implementing changes, etc.

2. Write an idea about the purpose of business analysis.

Ans:

The purpose of business analysis is to identify all of the needs of the business and
recommend solutions to address that needs and ultimately to solve a business problem. In
addition,it identify solutions that meet the need for improvement.

3. Can accountants become business analysts? Explain.

Ans:

Yes, an accountant could. CPAs utilize proper accounting practices to ensure

compliance with federal and state regulations. It's standard practice for CPAs to possess a
detailed understanding of Generally Accepted Accounting Principles and financial reporting.
In addition to their exceptional knowledge of compliance requirements, CPAs can use their
software training and in-depth understanding of business processes to detect as well as
prevent fraud or theft for their employers or clients. With their expertise and sharp skills,
CPAs can apply the latest innovations in technology designed specifically for accounting to
whatever business or financial issue they encounter, such as software that enables quick
statements and reports, new filing processes, as well as providing quick and easy access to
your business’s financial information.