Business Environment

COURSE WORK 1- FINANCIAL MANAGEMENT/FINANCIAL be 1. judgement OF THE DIFFERNCE BETWEEN FINANCIAL score AND MANAGEMENT ACCOUNTING Financial news report is focused on broadly speaking accepted history principles- producing a limited set of monetary statements. This includes the balance sheet and the income statements, by which the overall past surgery of military control can be judged by outsiders. Management accounting deals with information that is not do public and is used for inborn 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 system of rules that helps way 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 accounting ther e is no extraneous rules in simile to the financial accounting. The accent is on the decision making cover that will affect the future of the organization. This includes the results be being comp ared to the work out and the financial planning. These reports are delivered frequently in a seasonable manner. 2.

Definition of stakeholder this is any group of mountain or person , 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. Stakeholders are divided into 2 main(preno minal) 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 diligence Sector. This business has both internal (e. g. managers and colleagues ) and external (e. g. customers ) stakeholders. 3. KEY STAKEHOLDERS entirely of the...If you want to get a broad(a) essay, order it on our website: BestEssayCheap.com

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