Business Environment

COURSE WORK 1- FINANCIAL MANAGEMENT/FINANCIAL score 1. judgement OF THE DIFFERNCE BETWEEN FINANCIAL write up AND MANAGEMENT ACCOUNTING Financial news report is focused on broadly speaking accepted bill principles- producing a limited set of monetary statements. This includes the balance sheet and the income statements, by which the overall past mathematical extremity of business organisation can be judged by outsiders. Management accounting deals with information that is not do public and is used for inhering 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 governance that helps c are 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 ma nagement accounting there is no extraneous rules in resemblance to the financial accounting. The accent is on the decision making process that will affect the future of the organization. This includes the results be being compared to the cipher and the financial planning. These reports are delivered frequently in a timely manner. 2.

Definition of stakeholder this is any group of mountain or case-by-case , 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(prenominal) categor! ies- internal and orthogonal stakeholders . Their main interest is to encourage the company to enlarge the profit forever and be able to pay high dividends My chosen business is Asda Superstore, who is a major retailer in the Food constancy 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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