Financial Analysis Of Apple, Inc. Essay - 1861 Words

Company Background Apple, Inc. (formerly known as Apple Computer, Inc.) was incorporated in the State of California in 1977. Apple currently designs, manufactures, and markets a variety of computer and personal electronic products, including Macintosh computers, and the iPod digital music player. AppleÕs key markets are consumers, creative professionals, educational institutions, and business users. For nearly twenty years, Apple computers have been the industry standard for creative industries such as publishing, advertising, digital music and video editing, and graphic design. Apple computer and peripheral products include Macbook and Macbook Pro laptops, iMac and Mac Pro desktops, as well a line of flat-panel displays and the†¦show more content†¦In addition to selling itÕs products directly to consumers thru their website, Apple utilizes third-party wholesalers, resellers, and value-added resellers. Apple also runs a retail division, with 165 retails stores in operation at the end of FY2006. Key Financial Ratios FY2006 Valuation Ratios Company Industry Sector SP 500 P/E Ratio 43.70 36.50 30.02 20.73 Beta 1.22 1.38 1.66 1.00 Financial Strength Quick Ratio (MRQ) 2.88 2.29 2.68 1.29 Current Ratio (MRQ) 2.92 2.75 3.23 1.82 LT Debt to Equity 0.00 0.04 0.21 0.51 Total Debt to Equity (MRQ) 0.00 0.05 0.25 0.77 Interest Coverage (TTM) NM 4.74 14.09 13.53 Profitability Ratios Gross Margin (TTM) 31.53 27.63 51.84 44.54 Net Profit Margin (TTM) 12.92 8.46 14.43 13.75 Management Effectiveness Return On Assets (TTM) 17.09 12.40 11.10 8.28 Return On Investment (TTM) 24.58 25.43 15.54 12.25 Return On Equity (TTM) 26.63 36.92 20.34 20.63 Receivable Turnover (TTM) 24.13 14.20 8.17 10.40 Inventory Turnover (TTM) 71.75 58.61 12.85 12.08 Source: Reuters TTM: Trailing Twelve Month MRQ: Most Recent Quarter Financial Ratio Analysis Valuation and Financial Strength Ratios Apple, Inc. currently has a Price-to-Earnings ratio of 43.70, compared to the industry standard of 36.50, and the SP 500 average of 20.73. This indicates that Apple has a lower amount of risk than other firms in the computer manufacturing industry and other firms inShow MoreRelatedFinancial Analysis of Apple Inc.795 Words   |  4 PagesFinancial Analysis (Submitted by) Abstract The following paper aims at discussing the financial position of the American multinational corporation, Apple inc., which designs and markets consumer electronics, computers and personal computers mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. Apple Inc. together with subsidiaries sells its products worldwide through its onlineRead MoreFinancial Analysis of Apple, Inc.2114 Words   |  9 PagesCompany Background Apple, Inc. (formerly known as Apple Computer, Inc.) was incorporated in the State of California in 1977. Apple currently designs, manufactures, and markets a variety of computer and personal electronic products, including Macintosh computers, and the iPod digital music player. AppleÕs key markets are consumers, creative professionals, educational institutions, and business users. For nearly twenty years, Apple computers have been the industry standard for creative industriesRead MoreMicrosoft And Apple Inc. Financial Analysis Essay1012 Words   |  5 Pages Financial Ratios Name of student Name of institution â€Æ' Microsoft and Apple Inc. Financial Analysis The financial analysis expressed in this paper shows a comparison of two large firms in the communication and technology industry. Microsoft and Apple Inc. both deal in telecommunication gadgets and accessories within the United States and around the world. The paper focuses on the financial comparison of the two companies for two fiscal years of the year 2014 and 2015. A close analysisRead MoreFinancial Analysis And Assessment Of Apple Inc. Essay937 Words   |  4 PagesThis paper intends to provide a financial analysis and assessment of Apple Inc. from the years of 2005 to 2009. The evaluation is based on the numbers calculated from the data on Apple Inc.’s Financial Performance Worksheets. This paper covers three areas. The first part of the paper contains a brief history of Apple and the position of the organization in the market of computers. The second part is a calculation of Apple s performance and the reasons for their success. Finally, a conclusionRead MoreEssa y about Apple Inc. Financial Analysis2812 Words   |  12 PagesAPPLE Inc. (AAPL) Accounting and Financial Profile [pic] Name Sachitanand Karnakote Choong Chee Lai Lei Qiu Alcides Santopietro Denisa Voicu September 2008 Contents Introduction 2 The company and its activities 2 Industry Competition 2 Recommendation 3 Accounting choices and Quality of Earnings 4 Ratios analysis 6 Liquidity: 6 Solvency: 7 Profitability: 8 Market: 8 Relevant Disclosures 9 Risks 9 Analysis of Apple Inc. corporate strategy 10 Introduction Read MoreEssay on Financial Analysis of Apple, Inc.1980 Words   |  8 PagesWhen looking at the financial performance of a company, it is important to examine the financial ratios. There are several different classifications of financial ratios. Profitability ratios show the profitability of the company. Liquidity ratios deal with the current assets and current liabilities of the company, and they determine how the company is performing with their liquid finances. Leverage ratios deal with the company’s debt, and how they affect performance. Activity ratios deal with a company’sRead MoreA Financial Ratio Quarterly Trend Analysis of Apple, Inc.3198 Words   |  13 PagesA Financial Ratio Quarterly Trend Analysis of Apple, Inc. Stock Symbol: AAPL Listed on NASDAQ Prepared for: Department of Finance and Real Estate Florida International University In partial fulfillment of the requirements of the course: By: Introduction This report provides a financial quarterly trend analysis for Apple Inc. The U.S. based company (formerly Apple Computer, Inc.) is an American multinational corporation that designs and sells consumer electronics, computerRead MoreApple Inc vs. Philips: Financial Analysis996 Words   |  4 Pagesaccording to Weygandt, Kimmel and Kieso (2009), dictates that companies recognize revenue in the accounting period in which it is earned. The reporting of revenue generally affects not only the results of the operations of a given entity but also its financial position. In that regard, the relevance of understanding both the concepts as well as practices of revenue recognition cannot be overstated. In the words of Nikolai, Bazley and Jones (2009), revenues should be recognized when (1) realization hasRead MoreApple Inc: Analysis of Financial Statement Essay examples2094 Words   |  9 PagesAn Analysis of the Financial Statements of Apple Intermediate Accounting III INTRODUCTION I chose Apple for my course project mainly based on the fact that they release all their records to the public and they have excellent accounting practices. Their paper work is easy to read and follow and based on their records they have an endless amount of revenue in the billions. As we have discussed about Apple in class I was very intrigued how they looked in the books on a specific level of detailRead More Apple Inc. Financial Analysis Case Study Essay examples3623 Words   |  15 Pages Apple Inc.’s Financial Analysis case study will cover the nine-step assessment process to evaluate the company’s future financial health. The nine-step evaluation process will entail the following: 1) Fundamental analysis covers objectives, plan of action, market, competing technology, and governing and operational traits, 2) Fundamental analysis-revenue direction, 3) Investments to support the firm’s entities action plan, 4) Forthcoming profit and competitive accomplishment, 5) Forthcoming

Nietzsche, A Critic Of Religion - 869 Words

Nietzsche is widely known as a critic of religion. In fact, he talks in depth about morality in regards to religion in his essays about the genealogy of morals. But the problem is not within religion itself or within morals. The problem is involved in the combination of the two to create society’s understanding of morality through a very religious lens. In fact, Nietzsche has criticism for almost any set of morals constructed by a group of individuals and meant to be applied to society as a whole. True morality, according to Nietzsche, requires a separation from these group dynamic views of morality- or at least a sincere look into where they originated and why they persist- and a movement towards a more introverted, and intrinsically personalized understanding of what morals mean in spite of the fact that â€Å"the normative force to which every member of society is exposed, in the form of obligations, codes of behavior, and other moral rules and guidelines, is disproportion ally high† (Korfmacher 6). As Nietzsche points out, within society there is a tendency to conflate religious standards with morality. In fact, it is difficult to discuss morality at all without running into issues that appear to be religious by their nature, but which, upon reflection, do not need to be put under that blanket. According to Nietzsche, we tend to mix religion and morality together because that is how we developed morality from the beginning of humanity. In fact, â€Å"Nietzsche believes that allShow MoreRelatedFriedrich Nietzsche s Influence On Modern Intellectual History And Western Philosophy1559 Words   |  7 PagesFriedman Wilhelm Nietzsche was a German philosopher, poet, cultural critic, philologist, and a Greek and Latin scholar. His work has had lots of influence on modern intellectual history and Western philosophy in general. It revolved mainly around art, philology, religion and science. He wrote about morality, tragedy, aesthetics, atheism, epistem ology and consciousness. However, some of Nietzsche s most profound elements of his philosophy include his powerful critique of reason and truth. He arguedRead MoreLessings Conception of a Universal Religion 1115 Words   |  5 PagesLessing’s Nathan the Wise implies a conception of a universal religion of reason which is typical of the enlightenment period. Even though, Lessing does not dismiss existing religions in his work, I will argue that his humanistic religion conflicts with the idea of identity that is necessary to define one’s humanity. Thus, Lessing’s understanding of religion is not feasible since it overlooks the basis of religion. First, I will state that the play refocuses our intention on manhood and humanityRead More Discourse on Religion: Nietzsche and Edwards Essay1010 Words   |  5 PagesFriedrich Nietzsche certainly serves as a model for the single best critic of religion. At the other end of this spectrum, Jonathan Edwards emerges as his archrival in terms of religious discourse. Nietzsche argues that Christianity’s stance toward all that is sensual is that grounded in hostility, out to tame all that rests on nature, or is natural, akin to Nietzsche’s position in the world and his views. Taking this into account, Edwards’s views on Christianity should be observed in context targetedRead MoreMarilynne Robinsons Essay Darwinism1340 Words   |  6 PagesPulitzer-winning novelist who has graced us with her essays found in The Death of Adam. Robinson gives the read the feeling of being much more educated than he or she really is. These essays provide readers with different ways of discussing history, religion and society. They, although difficult to comprehend at times, are flawlessly argued and, throughout, are grounded in universal human experience. When reading them, it is hard not to be persuaded, especially if reading them with an open mind. OneRead MoreThe Philosophy Of Religion : Thomas Aquinas And Fredrich Nietzsche1364 Words   |  6 Pagesnorms. Religion has and always will be a hot subject because of this; However, philosophers have developed theories and guidelines to help people to realize what is most suitable, important, and critical in their spiritual lives. However, the Philosophy of Religion caters to everyone, not just believers. Today we will look at Thomas Aquinas and Fredrich Nietzsche and their takes on religion. To fully understand their viewpoints its important to first understand what the philosophy of religion entailsRead MoreFriedrich Nietzche Essays1406 Words   |  6 Pageswithdrew deeper into religion. Friedrich received a scholarship to Schulpforta, an elite prepatory school with only 200 students, in October 1858. The scholarship as intended to fund Nietzche’s training for the clergy. His mother, Franziska, and his young sister, Elizabeth, are dedicated to Friedrich’s success, certain of his future. At the age of 18,Nietzsche lost his faith in traditional religion. His faith received a fatal blow when he found philosophy. In 1865 Nietzsche discovered Schopenhauer’sRead MorePlato s Allegory Of The Cave Essay1630 Words   |  7 PagesForms for which Plato advocates, as Friedrich Nietzsche would perhaps well-criticize, are no more realistically permanent than the damaging sun that populations today know will vaporize Earth in a few billion years. Truth is subjective, contextual, and basically impossible in Nietzsche s formulation. In a direct criticism against the classical thinker in a short piece in Twilight of the Idols titled â€Å"How the Real World Finally Became a Fable,† Nietzsche cites/blames Plato first and foremost throughRead MoreNietzsche s Philosophy On The Priestly Figure1493 Words   |  6 Pages Friedrich Nietzsche puts forth the image of the priestly figure in what seems to be a positive and negative manner. Priests are â€Å"the greatest hate rs in the world† but they are also â€Å"the most intelligent† (p.17). Nietzsche’s position, according to me, seems ambivalent due to the context in which he refers to them is altering. There is no clear light in which the priestly figure is shown to be inherently positive or negative. In this paper, I will bring in his claims, explicate Nietzsche’s standpointRead MoreExistentialism And Its Impact On Society Essay976 Words   |  4 Pagesas a self-describer and was categorized as an existentialist posthumously. Sartre derived his inspiration from Martin Heidegger and embraced the term, but he was hardly the only one to flirt with such thinking. Many philosophers such as Friedrich Nietzsche, Simone de Beauvoir, Maurice Merleau-Ponty, Albert Camus and Fyodor Dostoyevsky were also influential existentialists. 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English 101 Argumentation Essay Free Essays

The new smoke- free policy at Suny Orange has many students outraged. Student smokers are being shunned for their addiction and are now forced to walk to the parking lot during class breaks for their fix. Our society is out casting them, even though it’s still legal, available, and enjoyable for many. We will write a custom essay sample on English 101 Argumentation Essay or any similar topic only for you Order Now However, smoking on campus presents several problems to consider. Smoking is contagious. It spreads like wild fire from one person to the next. Students may find themselves being peer pressured to smoke because it’s ‘’the cool thing to do’’, or ‘’everyone is doing it’’. Especially since our economy is in a recession, many people are stressed out, and vulnerable. A group of people smoking around a non-smoker creates a bad environment for the non- smoker, and they may be influenced into smoking. It’s no mystery that cigarettes are extremely addictive. If a student caves to peer pressure just once, they could become a slave to the habit for the rest of their life. When I left my English 101 class the other day, I witnessed a 9 year old boy skateboarding up to a student who was smoking and the boy asked him if he could have a ‘’cigg’’. The student found him amusing and told him he shouldn’t be smoking but, not before handing him a cigarette. With the ban of smoking on campus, it will greatly reduce these situations from happening. Smokers tend to litter. Seeing a smoker flick a cigarette butt on the floor is an image that is all too familiar. With the amount of people who smoke today, it’s simply bound to cause a mess. A college setting shouldn’t be burdened with a dirty landscape. It’s very uncomfortable to walk to class surrounded by garbage. Also, the littering harms our environment. Birds, fish, flowers, and many critters are at risk. The cigarette butt still contains all the harmful chemicals that are toxic. They aren’t biodegradable so they will build up very rapidly and animals may confuse them for food. In addition, each discarded cigarette butt possesses a potential fire. If a fire where to occur many people’s lives would be put into danger because of the overcrowding O. C. C. C faces. The butt just needs to land somewhere with a little dry vegetation then; with a soft wind, it will burst into flames and spread from building to building. Unfortunately, smokers don’t seem to take this threat very seriously. The smoke cigarettes emit into the air. It’s practically impossible to walk between buildings without inhaling a lungful of cigarette smoke; especially when smokers light up just outside doorways and force everyone who wants to enter to walk right by them. All the smokers seem to completely disregard the fact that other people don’t want to be indulging in their bad habits. These smokers aren’t just polluting the air outside, but the air indoors as well. The second someone open the door all the smoke rushes into the building. It’s irritating to have to breathe in these harmful chemicals. It’s an instant headache when a classmate reeking of smoke sits next to me. It also doesn’t help with studying either. While leaving school yesterday I was immersed into a cloud of cigarette smoke and I couldn’t stop coughing, my eyes began tearing and I was extremely uncomfortable. Students are forced to face situations like this on a daily basis, and sadly many have become accustomed to it. I’m still trying to wrap my head around why so many students are against the new smoke-free policy. It’s not like they are being stripped of their ability to smoke their cancer causing tobacco. It’s just not worth it to have them diminishing the college’s appeal, while hurting themselves, other students, our environment, and potentially our school. Maybe in the future the college will assign designated smoking areas which don’t affect other smoke-free students but, in the meantime there will be no smoking on college grounds. How to cite English 101 Argumentation Essay, Essay examples

Cloud Compute Transforming IT And Business â€Myassignmenthelp.Com

Question: Discuss About The Cloud Compute Transforming IT And Business? Answer: Introduction: The Aztec organization wants to transform their working tactics with new and advanced features which helps in enhancing their turnover of the company. The senior executives of the enterprise has decided to transform their working curriculum with the deployment of any one of the recent technology into their enterprise such s bring your own device, migration to cloud computing, changing techniques with IPv6, and other. We as a project consultant recommended the Aztec organization to change their business functionality with the migration of business operation to the external cloud hosting solution. The changing of the traditional working style with the new innovative concepts is complied with many risks and challenges. The adoption of cloud computing platform increases the risks associated with the traditional physical infrastructure (Hogmen, 2012). The renovation of the existing devices can be easily done with the inclusion of cloud environment with minimum cost. Financial Services Review: The follow up of the standard are used for data security to manage the financial security procedures. The analysis of the financial data is measured in terms of government norms. It has been seen that the ethical code of conduct should be deprived in the curriculum of the Aztec organization to improve the financial services by managing good and clear relationship with the banking sector. The customers are provided with the unique banking codes for carrying out effective transaction. The planning of the financial services helps in developing cost effective plan (Chauhan, 2014). The operational policies of the Aztec organization should focuses on deploying insurance service architecture. The budget of the enterprise can be reduced by managing resources availability according to the demand of the user. The capability of the financial sector can be improved with the deployment of cloud software as a service model for effectively managing functions with suppliers, dealers, and customers, and etc. (Dhammeratchi, 2012). The electronic trading services are used for managing the financial services of the Aztec enterprise. The legislation plays an important role in captivating insurance services provided to the financial department with regard to safety, security, integrity, and reliability of the financial processes. It is significantly important for managing rules and regulations associated with the implication of financial market. The legislations which are used for providing financial insurance services to the Aztec organization are categorised as consumer and competition act 2010, law implied for Australian consumers, act passed for corporation 2001, amendment act 2012 for corporations, financial act 2006 passed for counter terrorism and anti-money laundering schemes, and protection act 2010 passed for national consumer. The key legislation which are used for providing efficient financial services for taking authorised decision for business activity, for providing g eneral legislation, legislation used for superannuation policies and standards, and society life insurance. The licence and permits are used for providing insurance to the financial services in the discipline of general ledger, provision developed for providing credit schemes, services related with deposits and custody, and products affiliated to the financial sector of the Aztec organization. The enterprise is moving towards the new and advanced technology for enhancing the advice related to the financial productivity. The financial products can be efficiently taken under consideration with the implication of legislation law in using cloud environment. The market policies of the underlying product changed with the cloud technology for increasing the market ability of the enterprise. It helps in remaining ahead of the competitors in the financial sector by reducing the cost incurred on the resources and other operational functions. The skills of the working employees can be enhanced with the effective management of training and development program for fulfilling the requirement of global demand due to the changing trends of new technology. The owner of the company is working on reducing financial risks associated with the deployment of cloud environment in the traditional working of the company. The financial risks can be reduced by the following procedures: Implication of Goods and service tax: The good and service tax associated with the productivity should be taken under consideration for achieving the accuracy in the optimization of the product. The GST credits can be claimed by the Aztec organization in the later cases. Policies related with reinsurance pool corporation: These policies help in administrating and monitoring of the cyber-terrorism activities which focuses on providing facilities to the primary insurers for resolving the issues related with the insurance policies implied on commercial properties harmed by the cyber-terrorism. The insurance packages used for providing supports to the practitioners of medical market for achieving sustainability of the enterprise. The policies should be developed for financial claims because the decision making capability of the owner can be enhanced by focusing on the potential losses associated with failure of the business operations. The funding activities associated with enterprise helps in levying the charges associated with financial activities. The capability of the financial services helps in improving the productivity of the organization which creates the environment of innovation by providing open platform for exchanging of vision, thoughts, and business advice. The skills and knowledge of the employees should be improved according to the requirement of management policies for cloud environment. The business strategies should be focused on the health and safety requirement for improving the working standards of the employees. The transformation of traditional working structure with the cloud computing infrastructure can affect the legal compliance with government policies. The working employees should be provided with the standard equipment. The insurance is required for providing general liability to provide financial services to the employees at the time of personal injuries. The superannuation liability helps in developing laws for overcoming the breaches. The financial insurance policies are used for providing financ ial covers for theft, resource utilization, and others. The operational policies of the Aztec organization should focuses on deploying insurance service architecture. The budget of the enterprise can be reduced by managing resources availability according to the demand of the user. Security posture Review: It has been seen that the traditional working of the enterprise have older version devices which are placed with the help of wires and cables. USB and CD drives are used for storing the data of the organization. The IT department is working on legacy system with the incorporation of adequate security policies. The InfoSec security model is used for securing the traditional processes and application of the Aztec organization. Now it is recommended that with the changing digital technology, the company has to transform their working to the cloud environment. The cloud environment is capable of resolving all the issues of the company which exist with the continuation of the business application. The renovation of the existing devices can be easily done with the inclusion of cloud environment with minimum cost. The data storage capability of the organization can be improved with the management of data on the cloud using Hadoop file system. The Hadoop file system can efficiently maintains the big data of the enterprise for easy retrieval of information. The most important step is to develop a security architecture for the Aztec organization to overcome the problem of risks and challenges. The services provided to the end user can be made secure by organizing a token system. The implementation of the virtual private network helps in managing services of the cloud environment. The framework of the security model depends on the implementation of the following components: Accumulation of client Secured portal provided to the end user Sign on single level security Configuration of the service management Gateways used for providing secured services Controlling procedure for security model Security management policies and standard Monitoring of cloud services Trust management The following diagram shows the proposed security framework for the Aztec organization The adoption of cloud computing environment helps in dealing with network management, deployment of the operating system and the databases, inclusion of resource scheduling plan, management of the transactional processing, management of the concurrency control, and planning of memory management. The changing of the traditional working style with the new innovative concepts is complied with many risks and challenges which are categorised as security to the infrastructure, performance of the business activities, data availability on demand, difficulty in the integration of in-house activities, customization support is not applicable, more cost incurred than demand, difficulty in managing back up data which can create a big scenario of complexity at the time of system failure, and others. The following graph shows the statistical representation of risks and challenges associated with the transformation of traditional working system with the cloud computing working system. The impact of changing the traditional working with the cloud computing for carrying over business activities are comprised of following security concern which are describe below: Security concern 1: It has been reviewed that the implementation of cloud computing model raises the security concern for physical security associate with the data and information because the technology of cloud computing involves the sharing of resources between different participating units. Security concern 2:The violation of government laws can take place Security concern 3:Incompatibility of the suppliers with the new technology Security concern 4: Focus should be given on the authorised person who is responsible for performing the action of encryption and decryption associated with the working capabilities of the organization (Zhao, 2015). Security concern 5: The methodology responsible for performing actions related with data integrity, data transfer, data retrieval, and data storage. The authorised transaction should be ensured for managing the integrity of the data. Security concern 6: The follow up of the standard used for data security to manage the financial security procedures (Greenwood, 2014). Security concern 7: The updated information should be provided for upgrading the traditional applications according requirement of cloud computing environment. Security concern 8: The analysis of the financial data to be measured in terms of government norms. Security concern 9: The fluidity of the virtual machine should be taken into consideration for maintaining the security consistency (Garg, 2013). Security concern 10: The violation of the private rights should be taken under consideration for managing the services provided by the cloud. The management of risks is the basic criteria for managing the cloud computing activities. The analysis of the security should be done with the help of qualitative and quantitative research methodology. The research methodology was designed to analyse the risks associated with the migration to cloud computing environment. Questionnaire: The arrangement of questionnaire with the top executives of the enterprise helps in generating ideas, opinions, thoughts, and vision in adopting new technology for increasing the efficiency of the business operation. We analysed that the top executives are satisfied with the services provided by the cloud computing environment than the traditional way of working. The questions are organized to analyse the benefits of cloud computing environment and the security concern associated with the migration of traditional platform. Data collection techniques: The data are collected from different sources to evaluate the measurement of strategic decision to transform their working tactics. It has been analysed that the cloud computing environment play a vital role in overcoming the flaws of the traditional system. Literature review: The documentation of the organization which are enrolling on the principles of cloud computing should be reviewed to analyse the actual situation and benefits and risks associated with this working platform. Threats vulnerabilities and consequences assessment: The migration process is equipped with threats and vulnerabilities because the implementation of the new architecture involves the change management program of the traditional working architecture (Samad, 2014). The migration towards the adoption of cloud is equipped with some major threats which are classified as insecurity associated with the application programming interfaces, inclusion of malicious and virus attacks, vulnerabilities associated with the shared technologies, data leakages, hijacking of user account, and inclusion of risk profile. The Aztec organization is recommended to consider some of the major potential risks which are assimilated with the inclusion of cloud architecture in the working curriculum of the enterprise. The implementation of the interoperable operation issues related with the deployment of the communication network between participating units. The compatibility of managing the cloud devices is the major concern area in the deployment of cloud architecture. It is difficult to port all the application on the cloud environment. The portability of the application should be taken into consideration (Bhopale, 2013). Migration to the cloud environment involves changes in the new environment required the setting of goal, funding sources, required skilled staff, and others. The financial management of required resources involves the estimation of cost required to purchase resources. The failure of estimation can affect the budget of the organization. Organization of service level agreement involves clear specification of goals, mission, and services provided by the cloud providers. It helps in specifying the distribution of roles and responsibilities between the customers and stakeholders. It is difficult to prepare the metric for the deliverables of the project in the initial phases of the migration of activities to the cloud environment. The failure of service level agreement can affect the working operation of the enterprise. The encryption and decryption of files can affect the confidentiality of the information stored on the third party cloud environment. Failure of managing backups can result into the development of big complex scenario at the time of network failure. The expectation of high skilled employees can be failure in determining right person for the right job. It leads to inefficiency in the completion of business activities. It is difficult in tracking of the potential risks associated with the projects because the migration to the cloud environment changes the risks associated with the project. Threats associated with the migration of business activities to the platform of cloud computing architecture It is difficult to estimate the cost associated with the flow of data transfer. It is not guaranteed that the services level agreement determinants will be completely fulfilled or not (Kushwah, 2013). Risks identification and assessment matrix: Identification of risks Explanation Consequences Theft of data associated with cloud services The unauthenticated person can access the data from the internet Physical security of the cloud infrastructure get affected Inclusion of DOS attack The supply and demand of the resources is not met Adverse impact on cloud network Scheduling the history of resources used XML signatures are used getting unauthorised accessing of data from the cloud etwork Attack of viruses and malware Leaking of confidential information of the user login Data leakages The change in behaviour of the cloud services The infrastructure of the cloud is get affected The implementation of the virtual system Data loss Cloud physical infrastructure Resources used Process of memory sharing Resources are leaked on the external environment Cloud physical infrastructure User credentials are leaked Direct attack of malware and viruses Adverse effect of phishing process Accessing of user credentials Cloud network and cloud physical infrastructure Installation of the malicious codes and viruses Change in the behaviour of cloud services Unavailability of the information to the requested client Installation of the botnets Unauthorised accessing of the cloud resource from the external parties Cloud network and cloud physical infrastructure Changing behaviour of the cloud services Hacking of confidential and private data Stenography Attack Unauthorised accessing of the cloud resource from the external parties (Marston, 2011) Changing behaviour of the cloud services The information stored on the user account get deleted Data loss Virtual System Rollback Inclusion of brute force attack Unauthorised accessing of the cloud resource from the external parties Cloud network and cloud physical infrastructure Changes in security policies The risks associated with the transfer of security policies associated with the traditional infrastructure Interface used for developing cloud applications Accessing of services on demand The resources are not available for use at the time of demand placed Inefficiency in the planning processes Technical risks The technical risks are not available for use at the time of demand placed The technical risks associated with the free flow sharing of resources Techniques used for interpreting the data Data interpretation for decrypting the associated data Resource scalability Distributed denial of service attack Inefficiency in providing cloud services Physical infrastructure of the cloud Risks associated with the legal process The transformation of traditional working structure with the cloud computing infrastructure can affect the legal compliance with government policies Physical infrastructure of the cloud Inefficiency of the planning process The transformation of traditional working structure with the cloud computing infrastructure can affect the legal compliance with government policies (Kaisler, 2012) Physical infrastructure of the cloud Government security policies are not properly managed The consideration is not given to the government policies may result into inefficiency in government compliance Providers of the cloud services Risks associated with the lock in platforms Data leakages due to the sharing of information (Jayachandran, 2013) Confidentiality, accuracy, and integrity of the information get lost No isolation in the multi-tenancy platform Mismanagement in the isolation of multi-tenancy platform Cloud network Data protection and security Data leakages due to the sharing of information Confidentiality, accuracy, and integrity of the information get lost Internet connectivity portfolio Inefficiency in managing many devices on the same cloud Failure f connectivity Estimating occurrence of risks It is difficult in estimating the risks before its occurrence Cloud services are unavailable Inadequacy in controlling of cloud services Cloud services Inadequacy in the management of internal risks security program Inefficiency in controlling internal processing Internal cloud infrastructure Inadequacy in the management of External risks security program Inefficiency in controlling external processing External cloud infrastructure Threats associated with the differential analysis The arrival of the new threats can deform the security code of the traditional environment Repudiation attack It can affect the validity of the messages send by the sender Man in the middle attack It can affect the communication channel placed between the participating units. Data security: It has been seen that availability and reliability of the application can be increased with the deployment of the application on the cloud. It is difficult to manage the availability of the resources according to the rising demand of the different applications. The security and privacy are the two major issues associated with the cloud computing environment due to the open sharing of the resources and the information. It has been seen that the third party is capable of performing critical operations. The data lock in problem associated with the deployment of activities on the cloud platform. The government compliance procedures should be used for managing the integrity of the legal document. It has been reviewed that the implementation of cloud computing model raises the security concern for physical security associate with the data and information because the technology of cloud computing involves the sharing of resources between different participating units. The contractor should focus on achieving all the activities and requirement mentioned in the service level agreement. The traditional architecture should be integrated with the new system for managing component level services deployed by the cloud supporting applications. The strategic decision should be taken for managing the availability of the resources approved by the vendor (Murray, 2013). The private cloud environment is used for deploying the business activities of the Aztec enterprise. The inclusion of processes is used for providing privacy and security to the data. It is comprised of four phases which are categorised as pre-virtualization, virtualization, standardization, and automation phase. The pre-virtualization phase is used for developing strategies to increase the efficiency for the effective utilization of the resources. The phase of virtualization is working on managing virtual machine pool on the server. The public key infrastructure is used for managing cryptographic procedures for securing the confidentiality, integrity, and accuracy of the information. The optimization of the resources can helps in developing the cost effective techniques for the enterprise. The availability of the cloud environment helps in developing the resilience network to simplify the operational activities to enhance the cloud infrastructure. The phase of standardization is use d for leveraging the diversification of information and application which are deployed on the cloud environment. The phase of automation is used for providing resources to the end user on their demand which helps in improving the working capability of business activities. The following diagram shows the implementation of the four processes to deploy the private cloud environment: The traditional platform of security infrastructure deployed in the Aztec enterprise required to enhance security the following areas which are classified as: Data storage security: The security architecture of the Aztec enterprise can be enhanced with the use of verification code. The proposed security architecture helps in providing security to the dynamic interchange of the data. Validity to the user credential: The authentication and authorisation should be given to the user by validating the credentials of the user by using the verification procedures. Interoperability: The security procedures should be used for managing the data loss occurred due to the occurrence of interoperable operations between the participating units. Recommendation: It is recommended that the Aztec organization should migrate their business processes to cloud computing environment. It is required for the enterprise to develop risk quantification for securing the project from the occurrence of project vulnerabilities. The security of the Aztec organization depends upon resources security for the efficient working of the business processes. The access control mechanism should be used for managing the procedures of resources to be utilized in the effective manner. The provision should be used for deploying the application on the cloud environment (Betcher, 2010). The governance compliance procedures should be used for auditing the vulnerabilities and threats associated with the deployment of procedures and activities. The verification and validation procedures are used for testing the cloud activities which are performed on the cloud environment. It is required for the organization to deploy the security architecture which is given below: It is recommended for the Aztec organization to deploy the risks mitigation plan in the working curriculum of the enterprise to improve the performance and enhance the business operation. The security procedure plan should be deployed according to the requirement of cloud computing environment. The risks mitigation plan is used for controlling the security architecture of the enterprise (Murray, 2013). The functional unit of the business should be verified and validated at each phase of the business plan. The two based authentication is the recommended protocol which should be used for providing authentication for accessing of the required information from the cloud. The public key infrastructure is used for managing cryptographic procedures for securing the confidentiality, integrity, and accuracy of the information. The processes are effectively managed with the help of auditing procedures and authenticated policies (Oredo, 2014). Conclusion: It is concluded that the private cloud environment is used for deploying the business activities of the Aztec enterprise. The adoption of cloud computing platform increases the risks associated with the traditional physical infrastructure. The security of the Aztec organization depends upon resources security for the efficient working of the business processes. The access control mechanism should be used for managing the procedures of resources to be utilized in the effective manner. The security procedures should be used for managing the data loss occurred due to the occurrence of interoperable operations between the participating units. References: Betcher, T. (2010). Cloud computing: IT related risks. Retrieved from https://scholarsbank.uoregon.edu/xmlui/bitstream/handle/1794/10207/Betcher-2010.pdf Bhopale, S. (2013). 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