Unit 5: Business Accounting Memo TO: Chief Executive Office FROM: SARAH (Finance Manager) PRIORITY: High SUBJECT: Purpose of accounting in Pompomi Incorporated DATE: Monday 18th October 2012 CC: Financial accounting is the means of measuring of the company’s economic performance. The purpose of accounting is to provide the information that is needed for sound economic decision making. The main purpose of financial accounting is to prepare financial reports that provide information
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statistics. This may help your business because you can compare where your finance is going towards and how other businesses have spent their money. This will allow you to evaluate your performance to your competition. However‚ it is important to do this with similar sized companies otherwise the financial data would be irrelevant. Purpose of information https://prezi.com/nlqn649heqmt/unit-3-operational-support/ Businesses use information for different reasons to make the business perform better. I am going
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in a business environment 1. In relation to your current business environment (or one that you are familiar with)‚ identify at least two different types of information technology that may be used when completing work tasks. Spreadsheets Database Word processing 2. What are the benefits to businesses (and others) of using information technology for doing work tasks? The IT allows us to process a greater level of work in a shorter period of time‚ which leads to business being
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Three A family from Croydon with two young children wish to visit Blackpool seaside resort for the day and visit Blackpool Pleasure Beach Theme Park. A review on Blackpool Access to Information The Internet – what is the official tourist board for Blackpool and what information does it offer to tourists? http://www.visitblackpool.com/ is the official tourist board for Blackpool and it offers a lot of information on hotels‚ attractions‚ events‚ breaks‚ holidays & tourist information.
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contrasting business. Stake Holders for Marks & Spencer’s and Pool Hayes Community School: 1. Customers 2. Management 3. Suppliers 4. Employees 5. Owners/Share holders 6. Trade Unions\Employer Associations 7. Local & National Communities 8. Environment 9. Government Customers are the most important stakeholders in Marks & Spencer’s as they are the people that by there products off of them. They have the potential to make the business or break
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Unit 1-P1 Business Ownership. There are several different types of business ownership which are most commonly used in business’ and company’s today‚ these include; Co-operative which is a business owned by its employees‚ Partnership which is a business owned by between 2 and 20 people‚ Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a
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However these three categories have been split further into another three sub-categories stating the purposes for travel‚ these are: leisure‚ business and visiting friends and relatives (VFR). Someone travelling for holiday‚ cultural events‚ recreation‚ sport‚ religion and study would be classed as travelling for leisure. Someone travelling for business would be if they were meeting with an overseas client‚ meetings‚ conferences and exhibitions. Visiting friends and family accounts for many trips
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director of a local company who is looking to buy trainers for both men and women. First I need to plan the meeting so that he doesn’t appear to be inexperienced as he is new to this job. Time of meeting: 10.30 am on 25th November 2015. Venue: in the business board room. Booking arrangements: send the details through to the customer and inform key staff members included in the sales meeting. Resources for the sales meeting: - The range of trainers including personalized ones that they sell and the
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M4 & P6 In a business‚ there are several different types of budgets that has different department/area the business has to make. For example‚ in a business‚ you can find the sales and revenue budget (a financial document that set out the business expected sales and revenue from selling its products or services)‚ the expenditure budget (financial document that sets out the expected expenditures of a monthly basis on those items) and the profit budget (financial documents that sets out the predicted
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for GCSE and A-Level has been good preparation for what the degree course would entail. I have successfully learned the skills of analysis and historiography‚ and how to infer from sources. It has encouraged me to read around the topic at hand and to research independently. I have greatly enjoyed the course and was very pleased with my result in August. I am also studying BTEC Business studies level 3. All the subjects have given me skills that will be needed for the degree. Business studies have
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