explain the nature and roles of accounting; ● identify the main users of financial information and discuss their needs; ● distinguish between financial and management accounting; ● explain the purpose of a business and describe how businesses are organised and structured. 2 CHAPTER 1 INTRODUCTION TO ACCOUNTING What is accounting? ➔ Accounting is concerned with collecting‚ analysing and communicating financial information. The purpose is to help people who use
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Business Scenario As discussed there are three different types of businesses‚ sole proprietor‚ partnership and corporations. With these businesses come many advantages and disadvantages that one will have to determine will best suit their own lifestyle. Starting a business is something very serious to plan and make sure you have the necessary financial backing to keep it running‚ and have the legal knowledge to keep yourself and organization covered. Lastly‚ if you have the knowledge and product
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does not have enough money to buy a car and consequently it might be better if he auditioned on guitar. 3. Coffee contains caffeine‚ which is a stimulant. Taking any stimulant before going to bed stops you from sleeping soundly and so drinking coffee before going to bed will stop you from sleeping soundly. A bad night’s sleep may lead you to feel tired in the morning. Therefore drinking coffee before going to bed may cause you to feel tired in the morning. 2. Raj wants to audition for
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Role of Culture Different Nowhere in this world is sharing a same culture. There are 194 countries on this planet and each one has at least 10 to 20 different cultures. Understanding the different between cultures is a great thing to communicate with more people‚ expand our knowledge and forming a business strategy. First of all‚ the knowledge of many different cultures makes you become a friendly person. Because of each culture has its own rule in some situations‚ knowing them give you an advantage
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Unity in Diversity in India India is probable the only country in the world where people belonging to different religions‚ castes and creeds‚ speaking different languages‚ having different cultures‚ different modes of living‚ different clothing‚ different feeding habits‚ worshiping different gods and deity live together in harmony and believe to be the children of one mother-MOTHER INDIA. They are one nation at large. They are governed by one central authority‚ have one Prime Minister‚ one president
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running. Everyone in the zoo started to laugh. Kids always do these things that make others laugh. Funny animals: Wild animals are very aggressive but some animals like monkeys are very funny. They make different faces that make others laugh especially all kids like monkeys very much. Monkeys teach us how to have fun. Because most of our life is very busy in working so there should also be fun and it can be seen in zoo. Funny happenings around: Fun is everywhere in this world. It can be seen everywhere
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Running head: Different Leadership Theories Essay Ebony Bittings Grand Canyon University: UDA-575 September 26‚ 2012 When you think of the terms: leader and leadership‚ you generally equate them with being only one person. However‚ my view of leadership‚ especially effective leadership‚ is a shared function between many individuals. There are numerous leadership theories. As a whole‚ leadership theories should be implemented to contribute to the improvement
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In this study‚ three different methodologies have been employed for the determination of 226Ra by means of liquid scintillation technique. The first one (referred to as "Rn-LSC-28" hereafter and the tables and figures) is based on the method of Prichard and Gessel (1977) and Cooper et al. (1988) and also used by Escobar et al. (1996)‚ Zouridakis et al. (2002) and Aleissa et al. (2012). In this procedure‚ 8 mL of each standard solution was transferred to a high density polyethylene vial‚ covered with
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joint-venture‚ transfer of technology and "know-how".FDI has many forms and theses can be categorized depending on the investors perspective and host country’s perspective. Investor’s perspective Controlling a foreign investment is such a big concern for an investor investing huge amounts of capital in a foreign market where it cannot be certain of success. The investor needs to control his resources such as patents‚ trademarks‚ management know-how‚ which when transferred can be used to determine
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BUSINESS LAW COURSEWORK ASSIGNMENT: 2013-2014 Craig Shaw Contents 1. Introduction 2. Company vs Partnership 2.1 Benefits of adopting a company 3. Types of company 4. Shareholding model 5. Starting the company 6. The Articles of Association 7. Conclusion and recommendations 1. Introduction As an employee of a management consultancy specialising in starting up business ventures‚ I have been approached by 3 graduates wish to develop an idea into a business venture. This report aims to give
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