Chapter 7 1. A process by which organizations select objectives, establish processes to achieve objectives, and monitor performance is |a. |enterprise risk management | |b. |internal control | |c. |organizational governance
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Activity 1 Assessing One’s Needs in Business English Task: The students will tick the areas provided on the board by the instructor that they see as very significant to advance their grasp or command in business English. _____ Reading skills for business purposes _____ Vocabulary _____ Grammar and syntax _____ Writing skills _____ Graphics and technical aids _____ Practical applications of the language in varied business contexts Correspondence Telecommunications Conferences, business
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what is financial accounting Financial accounting is a specific type of accounting that is used by businesses to prepare reports on the finances of a firm for people outside the organization, such as stockholders or government agencies. It is governed by specific accounting standards to insure uniformity in reporting. What Is Financial Accounting? | eHow.com http://www.ehow.com/about_4710004_what-financial-accounting.html#ixzz29jbLZGeI http://www.investopedia.com/terms/f/financialaccounting
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Chapter 1 Accounting in Business QUESTIONS 1. The purpose of accounting is to provide decision makers with relevant and reliable information to help them make better decisions. Examples include information for people making investments, loans, and business plans. 2. Technology reduces the time, effort, and cost of recordkeeping. There is still a demand for people who can design accounting systems, supervise their operation, analyze complex transactions, and interpret reports. Demand also
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management information, quality assurance, scheduling, production, distribution, delivery and finally customer service. The concept of Supply Chain Management is the management of the flow of goods and services. The concept of supply chain management is based on two core ideas. The first is that practically every product that reaches an end user represents the cumulative effort of multiple organizations. The second idea is that while supply chains have existed for a long time, most organizations have
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past half-century there have been many technological advances in the way that information is used within business. With the invention of the Internet all sizes of companies are able to operate in a global economy. It has enabled small companies to compete against the largest corporations by allowing the fast free flow of information, leveling the playing field for business. During1980s traditional Management Information Systems were the main source of data within a company. Fast forward to the 1990s
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Brass Taps emphasizes in their organization. Brass Taps is a small campus pub located in the University of Guelph. Being a campus pub, it must facilitate a prominent social atmosphere considering that is not only students that come there, but professors as well. How they communicate and in what way they communicate are of paramount importance. Brass Taps’ student atmosphere provides a comfortable environment for both management and staff to connect. This organization only hires students to work there
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sources of information You must complete your answers in spaces provided in this Student Guide TASK You will need to write a report outlining the following: * What methods would you use to plan for financial management including: * What you would analyse in order to find information on previous profit/loss? * How would investigate the reasons for previous profit/loss? * How would you analyse identify future expenses etc…? * How would you analyse cash flow trends?
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International Accounting Ch 13. 1. A strategy indicates the general direction in which a firm plans to move to attain its goals. The strategies of any business organization, whether purely domestic or multinational, are determined by matching two key ingredients: core competencies and available opportunities. Internal factors relate to the identification of core competencies of a firm focusing on strengths and weaknesses with regard to the expertise available within the firm in the areas
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methods used to help human service organizations keep financial records according to Martin (2001), are referred to as “cash accounting and accrual accounting” (pg. 8, Cash and Accrual Accounting). However the accrual method is highly preferred and for many organizations this method is required. This paper will discuss their differences, why accrual accounting is important, and the importance of a cash flow statement with regard to financial management of an organization. Although cash accounting and
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