Table of contains

Contains pages
Executive summary
Introduction……………………………………………………………………………………………….3
1. The different types of business units:
a) Sole proprietorship………………………………………………………………………..4
b) Partnership……………………………………………………………………………………5
c) Private limited company………………………………………………………………..6
d) Public limited company………………………………………………………………….6 2. Difference between ,Financial accounting and
Management accounting:

a) Nature of report…………………………………………………………………………….6
b) Details level……………………………………………………………………………………7
c) Regulations…………………………………………………………………………………….7
d) Interval report………………………………………………………………………………..7
e) Time orientation…………………………………………………………………………….8
f) Range and information quality………………………………………………………..8 3. Sources of finances 3.1 Internal and external sources…………………………………………………………8 3.2 Short and long term finance…………………………………………………………..8 3.3 Debt and equity…………………………………………………………………………….9 4. Recommendation………………………………………………………………………………….9 Conclusion………………………………………………………………………………………………10 References………………………………………………………………………………………………11

14 November 2014

To Mr and Mrs Swanson
From: Felicia masela
Subject: Starting-up a new chocolate and biscuits company.

Dear sir / Madam Swanson,

Executive summary Starting-up a business required choices existing that should be considered, such understanding the category of structure under which the company will operate. As a new business owner, it is advantages to have a solid understanding of financial aspects of running a business and the most important financial duty that define the success or failure of a business are: making profit, cash flow and financial health determining and monitoring