GCSE: Accounting & Finance
Currently browsing by:
- Remove3000+ words
- Marked by Teachers essays 5
- Peer Reviewed essays 7
-
Unit 5 Introduction to Accounting
Due to the said factors, internationalization of accounting standards is considered as a significant and essential part of the rapidly globalization economy. Recording transactions Accurate records are essential. If documents are lost of the business, the business could forget to demand payment for some jobs that already are done or another problem could be the payment of bills. These problems must be avoided at all costs because it could lead to bankruptcy. Monitoring activity and controlling the business Sound record keeping allows managers to keep track of orders, sales and bills.
- Word count: 5880
-
Investigating financial control for a new restaurant.
Different types of Costs My warrens restaurant goods product for fixed cost and variable cost Fixed Cost Variable Cost Microwave Ovens and Microwave Grills- Quantity 4- price �2316.00 Food stock e.g. Flour, vegetables, ingredients �500 per stock Samsung Medium Duty Microwave CM1329 - Touch Control 1300W Stainless Steel quantity 2 - �918 Chair =Kentucky armchair Sizes: 550 mm- price �1470 Kitchen utility e.g. plates = LSA MIKA DINNER PLATE, SET OF 6, Glass = LSA YOLA TUMBLER SET OF 6, LSA ILYA CHAMPAGNE FLUTES SET OF 2 - price �895 This is the table for my fixed cost and variable
- Word count: 3736
-
What does Finance involve.
This is an important part of my business because I will need to check on all the money I am spending and if I am not going over board with the cash flow. There are three main costs which my business will have, and then these three main costs are sub divided in to smaller costs. Below I will summaries how this works: 1. START-UP COSTS - Start up costs vary from many things. Start-up costs are the various costs which I will need to set up my business.
- Word count: 6694
-
Work placement at Family Mosaic.
Is there anything you are worried or nervous about? I am worried that I might not carry out my placement effectively and I am also nervous that I might not be accepted in the working environment. P1 How organisations use ICT 1. Describe and give examples, of the ways in which the organisation uses ICT; try to find at least one example of each of the following: Presentation (promotional, technical) Manipulation of information (interpreting data, decision making) Communication (internal, external)
- Word count: 5324
-
Exploring business purposes
All businesses exist for a purpose. They produce or supply goods, offer a service or do both. In this case, the purpose of the business is a service. In group two, I have decided to look up Virgin. I am going to answer the same questions above (as the same as group one) I have used the internet to help me answer the questions. I have research that Virgin is a leading branded venture capital organisation, is one of the world's most recognised and respected brands.
- Word count: 4572
-
Comsat case
Because of this, using the risk-free rate is not always an accurate predictor of a firm's cost of equity. Using the firm's cost of debt is preferable to using the risk-free rate because it more accurately reflects the true financial risks faced by the company. Equity Risk Premium Based on the idea that an investor requires a high rate of return for assuming risk, a risk premium is added to the cost of debt. The risk premium is the difference between the cost of debt and the required return an investor would expect to take on greater risk. The risk premium is usually determined a number of ways.
- Word count: 3940
-
Portfolio analysis
Amount invested in each company= �10,000. Week 2 In my 2nd week of Investment I had invested �10,000 in each company In my first company which was Sony. I had made a Decrease of �3.40 which was disappointing to see and I hope to see a big improvement in the future. The share price that was decreased was equivalent to 3.40. The total percentage of decrease is 61% I was really disappointed with this. My 2nd company that I had invested in was Tesco which made a �3.50 profit this made me very happy as I had made a good profit.
- Word count: 4180
-
Investment Portfolio - Shares and other investments
Ethical Investments When you came to me for my services, you told me that the money you won at the Casino would be your last "dodgy harrah". You asked me to provide an overview of what is called ethical investing - that is, investing on the basis on what one thinks is morally right. There are several advantages to ethical investing; however there are also some disadvantages. One of the main points in favour is its benefit to society, as unmoral practices will not be able to generate profit if there is no investment in them, or it will become
- Word count: 6241
-
-
PEST Analysis
There are three types of taxes that come under 'direct'. National insurance that is paid by both employer and employee, which contributes towards the social security system. Corporation tax that is paid by companies on their profits and finally Income tax that is paid by private individuals on the amount they earn. There are also three types of taxes that come under 'indirect'. Excise duties are additional taxes on top of VAT placed on certain goods such as cigarettes and alcohol.
- Word count: 3988
-
International Accounting Standarts
When foreign companies are planning to launch their shares on the Wall Street (as the German Telecom), accounts must be balanced in the US-GAAP format. Not at least that circumstance lead to a new law in Germany, which allows listed entrepreneurships to hand in their annual balance in IAS or US-GAAP format.1 Also the EU tried to set up guidelines, to uniform accounting systems at least among EU members.2 However, those guidelines still did not become valid yet and are no real alternative to IAS or US-GAAP (since they are established already).
- Word count: 3464
-
Harmonisation of accounting standards in Europe
The harmonisation process would therefore avoid any difficulties for multinational businesses to analyse accounts from different European countries. Especially investors and financial analysts need to be able to understand the financial statements of foreign companies when deciding to buy their shares. For them the statements from different countries need to be reliable and comparable. This means that harmonisation of accounting standards removes barriers to international capital flows by reducing differences in financial reporting requirements for actors in international capital markets and it reduces financial reporting costs for multinational companies so that they can achieve substantial savings on costs of recruitment,
- Word count: 3425
-
Complete Report on Askari Commercial Bank
management in a modern and progressive organizational culture of meritocracy, maintaining high ethical and professional standards, while providing enhanced value to all our stakeholders, and contributing to society. Objectives * To achieve sustained growth and profitability in all areas of business. * To build and sustain a high performance culture, with a continuous improvement focus. * To develop a customer-service oriented culture with special emphasis on customer care and convenience. * To build an enabling environment, where employees are motivated to contribute to their full potential.
- Word count: 20225
-
Financial Services
cash-flow forecast, and an assessment of their financial needs, I also need to identify the financial service needs of a business, and explaining how the size of an organization can be a significant factor. The final part of the report will include how the advances of technology has affected the level of customer service provided to all three customers by the financial service providers, and I also need to explain how the financial service providers chosen in the report are regulated under current legislations.
- Word count: 3378
-
My hypothesis is that the top 3 sets (A, B and C) predict both the size of the angles and the lengths of the line better than the middle 3 sets
When I kept clicking random on the calculator again and again, I noticed two things. Firstly, all the numbers I got were 0?n<1 and secondly all the numbers went up to 3 decimal places. This means I can get 0-0.999 so there are 1,000 random numbers (including 0). As I will get a lot of decimal places I need to choose a way of making them whole numbers. There are two ways I could do this. These are * I could truncate * I could round the numbers.
- Word count: 3465
-
The role of a conceptual framework
and West, C. (2004), Essentials of Financial Accounting in Business, Thomas Learning, London, pg .303). Another reason for the setting up of the International Accounting Standards Board is because in certain countries the accounting professional has a real impact on what businesses producing. For example the "...UK has a very strong accounting profession that has been active in promoting better accounting practices" (Bendrey, M., Hussey, R. and West, C. (2004), Essentials of Financial Accounting in Business, Thomas Learning, London, pg.303).
- Word count: 3071
-
Mr Carter has requested that I research the financial needs of potential and current Canada Life customers based on their stage in life. I have been given seven generic stages life stages.
They might borrow money i.e. a student loan for university or for living expenses. Some people in this age group work; it is common to be a part-time job because they are students. This limits the amount of money they have and they find themselves often short of money. An overdraft would be used during times they are short of money. The appetite to risk here is medium because someone may have inherited a large amount of money and may want to spend it. At this stage majority they have no intention of investing as they have little money and the fact that they have focused their mind into their education.
- Word count: 4990
-
This paper discusses the statement 'in a politically charged rulemaking environment, conceptual frameworks has only limited utility'.
Definition The Australian Accounting Research Foundation (AARF) CF has been described as: Statements of Accounting Concepts set out the concepts which has been adopted by the AASB and PSASB in respect of the nature, subject, purpose and broad content of general purpose financial reporting in the private and public sectors (Para3, Policy Statement 5 (PS5)). Nature and purpose of a CF The CF is a body of interrelated objectives and fundamentals. The objectives recognise the goals and purposes of financial reporting and the fundamentals are the underlying concepts that help accomplish those objectives.
- Word count: 3444
-
Financial Services
a cash-flow forecast, and an assessment of their financial needs, I also need to identify the financial service needs of a business, and explaining how the size of an organization can be a significant factor. The final part of the report will include how the advances of technology has affected the level of customer service provided to all three customers by the financial service providers, and I also need to explain how the financial service providers chosen in the report are regulated under current legislations.
- Word count: 9439
-
theory of banking
Banks themselves are continuously evolving. Therefore, although the traditional factors that give rise to the existence of banks are become less powerful; banks are still survive in a different way. Finally, section 7 contains concluding remarks. 2. The definition and natures of banks To begin the analysis of the theoretical rational of the existence of banks, let's first look at the definition of bank. "They perform an intermediary role in an economy, by accepting deposits and making loans." (Shelagh A Heffernan,1996)
- Word count: 4529
-
Accounting and Finance
In the liability section, as follows as the increasing retained profit, in 20x9 shareholders equity (reserves) also climbed a lot. As far as we considered the financial ratios (Table1), from 20x7 to 20x9 the profitability ratios improved dramatically due to the less cost of sales and operating expense. The liquidity ratios become worse, because the growing fixed assets resulted in the lack of liquid asset. The following part is going to compare financial performance with its major rival, Sun See Chemical Industry.
- Word count: 3695
-
The Purpose of Keeping Accurate Accounts
Raise finance - can support businesses wanting to raise money by comparing the accounts and to pay of expenses. Need to raise finance to show bank manager for a successful bank loan. Good records are essential for the preparation of current financial statements, such as the Income Statement (Profit and Loss) and the Cash Flow Projection. These, in turn, are critical for maintaining good relations with your banker. They also will present a complete picture of your total business operation which will benefit you as well. Comply with statutory requirements - the Accounting Standards Board issues accounting standards. The Statement of Standard Accounting Practice (SSAP)
- Word count: 6912
-
With reference to the local area would the opening of a new business represent a sound business decision?
Also I will show the locations on a map, I will do one map showing all 3 three locations and another of the area of the property I have chosen outlining all other shops in the area. As well as that I will put the information gathered e.g. rent, size, headcounts, location/area, parking space, etc into a table and compare each characteristic. Finally after looking at all the data I will make my decision about which property I will use.
- Word count: 5116
-
FINANCE ASSIGNMENT
The common law system that originated in England is developed from case law. The main characteristic of common law is that it is a law of precedence. The judgements passed in various cases are used for other cases with similar facts."(Walton, Haller and Raffournier, 2003, pg11)." A common law rule seeks to provide an answer to a specific case rather than to formulate a general rule for the future."(Nobes and Parker, 1995,pg 11). "In a common law situation accounting rules are not a part of the law. Company law in the common wealth countries is kept to a minimum.
- Word count: 4093
-
Identifying and describing the main financial service needs for a student starting at university
If you prefer, you can use their online transfer pack to help you move your account to them. A special switcher's overdraft for 120 days of up to �2,500, interest and charge-free. Interest and charge-free arranged overdraft of up to �100. Use of virtually all the cash machines in the UK with no Halifax charge. Switch debit card and cheque book with �100 cheque guarantee facility. Cirrus and Maestro facility on your card which allows you to use cash machines and pay for goods and services abroad. Halifax has Card cash which is an easy, straightforward alternative to Current Account.
- Word count: 10921