ACCOUNTING ENVIRONMENT Learning Outcomes At the end of this chapter the students should be able to: Explain the meaning and purpose of accounting Describe the role of accounting as a information system Describe why accounting is considered as the language of business Assess the impact of external environmental factors on accounting Introduction Accounting has evolved and emerged as most other fields of human activity in response to the social and economic needs of society
Premium Business Economics Bookkeeping
Lesson 1 BUSINESS AND ITS ENVIRONMENT NATURE OF BUSINESS Business may be understood as the organized efforts of enterprise to supply consumers with goods and services for a profit. Businesses vary in size‚ as measured by the number of employees or by sales volume. But‚ all businesses share the same purpose: to earn profits. The purpose of business goes beyond earning profit. There are: • It is an important institution in society. • Be it for the supply of goods and services • Creation of
Free Capitalism Economics Economic system
predicting the future from past experience and using these predictions to guide behavior. For example‚ even the simplest organisms respond to the environment with reflexes. A reflex is a behavior that is elicited automatically by an environmental stimulus‚ such as the knee-jerk reflex elicited by a doctor’s rubber hammer. (A stimulus is something in the environment that elicits a response.) In perhaps
Premium Classical conditioning Operant conditioning
invest in UK‚ which may benefit the UK economy such as improve the local employment and takes advantage of new technology skills. Task 4.2: Analyze the impact of global factors on UK business organizations Business may affect by external environment due to some global factors in areas of economic‚ political‚ legal‚ social and technological‚ these factors bring some impacts to the UK business organizations‚ as follows‚ Economic factors – These factors reflect in the global economy such as
Premium European Union International trade United Kingdom
Social Care Workers must: 1. Protect the rights and promote the interests of service users and carers; 2. Strive to establish and maintain the trust and confidence of service users and carers; 3. Promote the independence of service users while protecting them as far as possible from danger or harm; 4. Respect the rights of service users whilst seeking to ensure that their behaviour does not harm themselves or other people; 5. Uphold public trust and confidence in social care services; and
Premium Management Sociology Human resource management
every team to make them successful or non-successful? There is a coaching environment which exists for all teams which either facilitates the athlete’s progression in the sport or could possible scare them from the team. It is the people involved directly with the team that creates this coaching environment. Who precisely is involved here shall be discussed as well as the influence sport scientists may have on this environment‚ whether it is a hindrance or have a beneficial impact. Discussion Whilst
Premium
Understanding the External Marketing Environment INTRODUCTION “All businesses operate within an environment‚ which directly or indirectly affects the way in which they function‚ just as we as consumers live within a cultural and social environment which to a greater or lesser degree determines the way in which we behave as individuals.” said Elaine O’Brien‚ University of Strathclyde. Unlike the controllable marketing mix variables‚ the environmental forces are not controllable by marketers
Premium Marketing
Pakistan: Reforming the Education Sector Asia Report N°847 Oct 2004 EXECUTIVE SUMMARY AND RECOMMENDATIONS Pakistan’s deteriorating education system has radicalised many young people while failing to equip them with the skills necessary for a modern economy. The public‚ government-run schools‚ which educate the vast majority of children poorly rather than the madrasas (religious seminaries) or the elite private schools are where significant reforms and an increase in resources are most needed
Free Education School Teacher
Jayda Smiley What is a student leader’s most important role? The most important role for a student leader is that they have to be a good listener who is open to new ideas. I don’t think students want a leader whose demand does not pay attention do they. You want a smart leader who listens and has good ideas. know students don’t want a leader who’s not going to pay attention‚and I know that they certainly don’t want a leader who doesn’t have any ideas. Everybody wants a good leader who listens
Premium Education Learning Teacher
These rodents are fairly widespread in dry areas of North and central America. They are examples of mammals which are specialised to live in a rather inhospitable environment. It is worth pointing out certain facts about their lifestyle and biology. The animals’ diet is principally seeds‚ gathered at night and stored in underground burrows. They have large cheek pouches like hamsters for temporarily storing this material during their brief forays to the surface at night time when the air is
Premium Humidity Relative humidity Oxygen