Financial statement is a tool which allows the business to measure their finances. There are types of financial statements. These are profit and loss account‚ balance sheet and cash flow forecast. However in this question I will only be looking at two of the financial statements instead of the three and these are profit and loss account and balance sheet. Profit and loss account The profit and loss account is a valuable technique which shows the business how much it has made at the end of its financial
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ACCA EXAM TIPS P5 ADVANCED PERFORMANCE MANAGEMENT – DECEMBER 2012 Posted by Davinia McGann in Accountancy & Tax‚ 01.11.2012 As Head of ACCA Programmes here at BPP‚ I have asked my expert subject managers for ACCA Exam Tips for your forthcoming December 2012 exams. Here is what Doug Haste‚ our ACCA P5 Advanced Performance Management Subject Manager had to say: “Section A (50-70 marks in total) will contain two compulsory questions; each question will be allocated between 25 and 40 marks. The
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How businesses are influence by the economic environment The business environment consists of different influences that are outside of a business from political‚ social and legal changes. These influences can change for the better or for the worst for the business economic factors. The economic environment consist of many individuals who make decisions that buy and sell goods‚ borrow and lend money‚ raises taxes and change interest rates. Consumers are who purchases the goods for their own
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Unit 2: Business Resources P5 Is The Business Profitable? The closing capitals for both years are very similar and propose that not only is the business very profitable but it is also maintaining its financial position within the market. In 2011 the closing capital was £2‚500‚000 and for 2012 the closing capital was £2‚425‚000. This is interesting because as a business progresses you would think that the closing capital would increase not decrease although this is not too large a decrease when compared
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In this essay‚ I am going to explain the main ways of promoting anti-discriminatory practice‚ which are; implementing government policies and guidelines at local level by managers and employees‚ staff training and development‚ challenging work colleagues who demonstrate discriminatory behaviour and telling a higher authority when rules are broken. I am also going to give examples of these strategies being used in a setting‚ give difficulties to each strategy and also justify ways of overcoming the
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Executive Summary: Cadenza is a small limited business created and managed by me‚ Rivea Jefferson‚ as an attempt to help people who are lacking the knowledge in music to be able to compose beautiful pieces of music to play alongside their own work. This could help game developers achieve the next level of wonder within their games‚ or could help to create a pleasant atmosphere for people to ride in an elevator in. The company provides music composition services to anyone who makes requests
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P5 - Explain how and why groups of customers are targeted for selected products In this task I will be explaining how and why a group of customers are targeted for selected products. A customer is A consumer is A buyer is The difference between them is Businesses segment customers in a variety of different ways including Businesses also use systems to identify and reach their target groups. The two main systems they use are ACORN is MOSAIC is I will now explain how and why groups
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Title of Legislation‚ Policy/ Procedure Date of Legislation Description How it protects vulnerable adults Human Rights Act 1998 Human rights are legal obligations that must be obeyed by all public bodies and local everyone has the right to: Fairness‚ Respect‚ Equality‚ Dignity and Respect for their Personal Autonomy‚ and freedom from: torture‚ degrading treatment‚ slavery (forced labour)‚ thought‚ belief‚ religion and expression. It gives them legal rights and gives them some protection
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complete experience‚ from the second they enter a business or view a website‚ to the after-sales service‚ such as spare parts or repairs. Superb customer service means providing services that customers did not even know they wanted‚ but are delighted to find are provided. Identifying Customer Needs Effective customer service involves satisfying customer needs‚ so the first step is to find out what these are. All customers contact a business because they want something. Businesses use several
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P5 & M2 In this assignment I am going to describe the influence of two contrasting economic environments on business activities within Boots. I will then compare the challenges to Boots business activities in two different economic environments. Economy is the wealth and resources of a country that is used to produce and consume goods. What makes an economy strong? The output makes an economy strong output is the ability for an economy to produce goods and services to sell. These then create
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