Business Environment

COURSE WORK 1- FINANCIAL MANAGEMENT/FINANCIAL invoice 1. judgement OF THE DIFFERNCE BETWEEN FINANCIAL write up AND MANAGEMENT ACCOUNTING Financial news report is focused on broadly speaking accepted phone line relationship principles- producing a limited set of fiscal statements. This includes the balance sheet and the income statements, by which the overall past slaying of business can be judged by outsiders. Management accounting deals with information that is not do public and is used for inherent terminations making only. These reports argon furthermost more detailed than financial accounting reports and can transit performances and activities by departments, teams, products, customers and employees. It is an accounting placement that helps worry to achieve the goals and objectives of the presidential term with the emphasis in the measurement, analysis, communication and the control of financial and non- financial information. In the management ac counting there is no extraneous rules in semblance to the financial accounting. The accent is on the decision making carry through that will affect the future of the organization. This includes the results be being comp atomic number 18d to the budget and the financial planning. These reports are delivered frequently in a by the way manner. 2.

Definition of stakeholder this is any group of mountain or individualist , who can affect or be affected by the achievements of the organizations objectives. Some examples of stakeholders are management, employees, trade unions, customers, suppliers , communities. S takeholders are divided into 2 chief(prenom! inal) categories- internal and orthogonal stakeholders . Their main interest is to encourage the company to enlarge the profit constantly and be able to pay high dividends My chosen business is Asda Superstore, who is a major retailer in the Food attention Sector. This business has both internal (e. g. managers and colleagues ) and external (e. g. customers ) stakeholders. 3. KEY STAKEHOLDERS wholly of the...If you want to get a broad(a) essay, order it on our website: BestEssayCheap.com

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