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Finance
Investigating methods of making and receiving payments
There are a number of ways that businesses and individuals can make payments to others. Typical methods of making payments include cheque payments and...
Interpreting financial information
Business accounts are produced to meet the needs of their users. Typical users and the use they make of accounts are shown below:
Shareholders -to check...
Accounting for decisions
Management accounting uses financial information in order to enable better decision-making within the organisation. The format and content of management accounts will depend on...
Accounting concepts
Accounts are records of financial transactions. Information that is used in accounts is initially entered into books of prime entry, which may simply be...
The flow of financial documents used in a business purchase
There are a number of documents that flow between a supplier and a purchaser when purchases are made.
Initially, the purchaser will want to...
Profit and loss accounts, balance sheets
Two of the most important financial statements for a business are the Profit and Loss Account, and the Balance Sheet. The Profit and Loss...
Constructing accounts
Accounts are records of financial transactions. Information that is used in accounts is initially entered into books of prime entry, which may simply be...
Opportunities and constraints in the business environment
Opportunities in the business environment are those factors that provide possibilities for a business to expand so as to make more sales and profits....
Product portfolio
Sales of products will eventually decline, as outlined in the four stage product life cycle. Businesses will often attempt to phase out existing products...