Describe the purpose of accounting for an organization P1 * Purpose of Accounting in Business The main aim of any business is to earn profits and also to remain solvent‚ i.e.‚ it should have enough resources to pay its employees‚ creditors and to carry on with the day-to-day activities of the business. The main purpose of accounting system is to prepare financial statements‚ that will help the various external and internal parties of the business to appraise the profitability as well as the
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Communication Communication is the activity of passing information through the exchange of thoughts‚ messages‚ or information‚ as by speech‚ visuals‚ signals‚ writing‚ or behaviour. There are four different types of communication: * Verbal Communication eg phone conversations‚ meetings‚ chats. * Non-Verbal Communication eg gestures‚ signs‚ facial expressions. * Visual Communication eg drawing‚ artwork‚ cartoons‚ graphs. * Written communication eg memos‚ notes‚ letters‚ books. Within
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Organisations and Behaviour (Unit 3) BTEC Higher National Diploma (HND) in Business Edexcel QCF-4 Nelson College September/October 2012 Hamza Said Introduction 1.1: Compare and contrast different organisational structures and culture. What is Organizational Culture? The values and behaviours that contribute to the unique social and psychological environment of an organization. Organizational culture includes an organization’s expectations
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operate under certain legislations. As an individual working in a school you will need to be aware of laws and codes of conduct that affects the life of a school. These are: Data Protection Act This act is there to ensure that schools keep and use information only for the purpose that it is collected for. Education Act This is constantly been updated and gives the rights for children to have an education at a young age up to the age of 16. Special Education Needs Act (SEN) This ensures that children
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ACCOUNTS PAYABLE/PAYROLL CUSTOMER SERVICE OFFICE CUSTOMER SERVICE OFFICE ACCOUNTS RECIEVABLE ACCOUNTS RECIEVABLE ORGANISATION STRUTURE OVER VIEW CHEN & LEE is a tax firm established in 2000.Firm Is a comprised of two managaing directors‚ in which one of the managing director is a Legal advisor for the company.The company is divided into three layers organisation structure which is as follows * Top level management 1. Managing Director (partner) 2. Legal advisor
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profitable growth for all employers and shareholders • Ford plan expands on the company’s four point business strategy for achieving success globally. ORAGNISATION STRUCTURE Fords organisation structure is hierarchical‚ Ford employment Fords job description depends what kind of personality experience and education are needed. The mental and physical tasks involved namely planning managing‚ How will the job done ‚the methods and equipment ‚software used‚ It would be really helpful for the potential
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influence the individual’s behaviour at work 4. Compare the effectiveness of different leadership styles in different organisations 5. Explain how organisational theory underpins the practice of management 6. Evaluate the different approaches to management used by different organisations 7. Discuss the impact that different leadership styles may have on motivation in organisations in periods of change 8. Compare the application of different motivational theories within the workplace 9. Evaluate
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What are the main features of rational organisation and what are its strengths and weaknesses? To what extent would you recommend rational organisation design as the way forward for junction hotel? This essay will take an in depth analysis of the rational organisation design and evaluate the affects that it will implement on Junction Hotel‚ if they decide to run their organisation according to the rational theory. This will entail a detailed look into theorists such as Frederick Taylor who supported
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Unit 38- P1- Explain the effects of changes in the economic environment in a selected business. Introduction In this report I am going to explain the effects of changes in the environment for JLR. What is the business cycle? Explain all five stages of the business cycle? Growth In 2008 Tata Motors acquired Jaguar and Land Rover from Ford. Tata Motors merged the two marques into a single company and officially joined together in 2013. Their sales and profits have risen every year. At the start of
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Criteria P1 Task 1 Produce a poster of the essential elements of a contract then prepare a factsheet explaining the essential elements of a contract in an area of your choice. Examples‚ your own mobile phone contract‚ college contract or other contracts that you are interested in. (Make sure you cover when and how a contract comes in to existence‚ invitations to treat‚ offer‚ acceptance and counter offers.) Criteria M1 Task 2 Taking what you have done with P1 a stage further
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