ipl-logo

Assignment: Understanding Business Accounting

749 Words3 Pages

Assignment brief – QCF BTEC Westgate School
Assignment front sheet
Qualification Unit number and title
Edexcel BTEC Level 3 Diploma Unit 05: Business Accounting
Learner name Assessor name Mr P Arko
Date issued Hand in deadline Submitted on
24/09/2015 6/11/2015 Assignment title Understanding Business Accounting

In this assessment you will have opportunities to provide evidence against the following criteria.
Indicate the page numbers where the evidence can be found.

Criteria reference To achieve the criteria the evidence must show that the learner is able to: Task no. Evidence
P1 Describe the purpose of accounting for an organisation
P2(a) Explain – verbally - the difference between capital and revenue items of expenditure and income
P2 (b) Written exercise placing various examples of income and expenditure into the revenue and capital categories i.e. a table.
P3 Prepare a 12-month cash flow forecast to enable an organisation to manage its cash
M1 Analyse the cash flow problems a business might experience
D1 Justify actions a business might take when experiencing cash flow problems.
P4 Prepare a profit and loss account and balance sheet for a given organization
P5 Perform ratio analysis to measure the profitability, liquidity and efficiency of a given organisation.
M2 Analyse the performance of a business using suitable ratios
D2 Evaluate the financial performance and

Show More
Related

  • Rst1 Task 3

    1456 Words  | 6 Pages

    STANDARDS A. Virginia Standard of Learning: 3.MD.8 The student will determine, by counting, the value of a collection of bills and coins whose total value is $5.00 or less, compare the value of the bills and coins, and make change. (Virginia Department of Education, 2011).

    Read More

  • Hcs/531 Week 4 Health Care Paper

    1417 Words  | 6 Pages

    When being placed in the role of a manager, it is important to understand the finances of the organization and how to read and understand the recording of finances. It is also important to understand how all the different parts of the records fit together to give us the knowledge of where the business is financially. Knowing also the different responsibility centers related to financial recording and how they function is important as a manager. Once a manager understands what and where items belong on a balance sheet, they will better understand the state that the business is in. “It provides you with a picture of the financial health of your practice or organization on a certain date.”

    Read More

  • Unit 2 D2 Evaluate The Effectiveness Of Business Information

    612 Words  | 3 Pages

    D2-Evaluate the effectiveness of business information and its communication as key contributor to the success of an organisation The business information has been effective as the key contributor to the success of Marks and Spencer’s because the morning briefing sheets which are used to inform the employees/ staff at the beginning of each shift about the targets they have for each day and what the employees must do in order to achieve those targets by the end of the day. The briefing sheets will also consist of details of the number of orders needed to be shipped out and by when. The morning briefing will be supervised by the department manager or a team leader. Also, the use of KPI (Key Performance Indicator) has been a very important key contributor to the success.

    Read More

  • Jagdambay Exports Case Study

    1681 Words  | 7 Pages

    This paper explains the U.S. financial system to CFO of Jagdambay Exports. I will explain the following questions. 1. Explain the components of a financial market and its relevance to Jagdambay Exports. Be explicit and explain to the CFO how financial markets differ from markets for physical assets and why that difference matters to Jagdambay Exports.

    Read More

  • Robertwood Johnson University Hospital: Financial Analysis

    829 Words  | 4 Pages

    A Financial analysis determines how well an organization is performing financially and whether improvement is needed by reviewing the organization’s financial statements and calculating ratios. I have reviewed Robertwood Johnson University Hospital’s, Saint Peter’s Healthcare System’s (Saint Peter’s University Hospital), Catholic Health East’s (Saint Michael’s Medical Center) financial statements and determined the following calculated ratios. The current ratio using the balance sheet will determine whether Robertwood Johnson University Hospital’s, Saint Peter’s Healthcare Systems, (Saint Peter’s University Hospital), Catholic Health East’s

    Read More

  • Being A Medical Assistant Essay

    1277 Words  | 6 Pages

    When recording financial activity of a business, “any increase in expense (debit) must be offset by a decrease in assets or an increase in liability (credit)” (Routh 464). Any expense for any office supplies decreases cash or increases accounts payable. Each account is assigned a number to enter data in a list of categories “to track the sub-accounts of assets, liabilities, income, expenses, and equity” (Routh 464). This is a way to bookkeep the charts of accounts.

    Read More

  • Acc 201 Final Project Part 1 Accounting Cycle

    1187 Words  | 5 Pages

    ACC 201 Final Project Part I Accounting Cycle Report Vanessa Ann Williams Southern New Hampshire University The accountant cycle has really impacted me to gain insight on the financial side of Peyton Company. In the accountant cycle, there are many particular directions involve determining the growth of the company such as steps, role, omission and financial statements. It’s important to apply every step from the accountant cycle to make a financial critical decision in the long run. This report will have a breakdown of how to apply the accountant cycle for Peyton Company to be aware of future financial decisions to keep the company holding strong.

    Read More

  • Home Depot Financial Analysis

    365 Words  | 2 Pages

    Edmonds, T. P., Tsay, B., & Olds, P. R. (2011). Fundamental managerial accounting concepts (6th ed.). New York, NY: McGraw-Hill

    Read More

  • The Importance Of Accounting Memo

    1616 Words  | 7 Pages

    Analysis • This section is regarded as the most critical step in writing an effective accounting memo by bringing together the required facts of the research, any supporting authoritative literature, and an accountants overall evaluation before forming a conclusion. • Analysis includes information from relevant guidance, along with an accountant’s own words about how the guidance is applicable. • The memo should contain enough authoritative guidance that the user will not need to perform additional research in the Codification. • Make sure to utilize the concept known as the “guidance sandwich.”

    Read More

  • Porter's Five Forces Analysis Of Alibaba

    3615 Words  | 15 Pages

    Assignment: Portfolio Income & costs and profit measures of performance Alibaba.com is a China’s B2B e-commerce company which owns a U.S. IPO that worth $25 billion has become the largest B2B e-commerce company in the world in just a few years and barely anyone expect the company can achieve this results so successful. Referring to the Appendix A, the income of Alibaba has been increasing from year 2010 to 2014. This is because of there has a few key factors of success that carried out by the founder of Alibaba.com, Jack Ma to operate the e-commerce business in the global marketplace.

    Read More

  • Personnel Budgeting In Business

    1639 Words  | 7 Pages

    Budgeting can be defined as a solid process to decide the estimate of revenue and expenditure for the specific time period. This definition of budget serves for all, country, city, state, business or personal matter. It is observed that, each successful company never moves forwards without deploying budget process (Al-Shawabikah, 2000). So, talking about Personnel Budgeting, it is one of the crucial aspects of any business to keep labor or personnel budgeting in the mind at the start and end of the year to maintain or increase productivity and profitability of the business.

    Read More

  • Tesco Accounting Report

    1656 Words  | 7 Pages

    However, financial performance subsists with different levels of organisation, which is concerned with measuring financial performance of organisation. These measures are categorised into four that includes profitability, gearing, liquidity or working capital, and investor ratios. However, the financial plan of organisation is associated with operating plan since financial plan involves revenue and expenses for the activities that are linked with each objective. Hence, the main reason, in monitoring financial plan is to audit the committee (Hasan, 2011).

    Read More

  • The Importance Of Accounting In Personal Finance

    748 Words  | 3 Pages

    According to Averkamp (2016), “accounting is the recording of financial transactions plus storing, sorting, retrieving, summarizing, and presenting information in various reports and analyses”. Therefore knowing how to carry out these tasks

    Read More

  • Self Reflection In Financial Management

    1051 Words  | 5 Pages

     Income data (experiences, estimates of sales, fund rising, membership etc and planned activities).  Data come from previous budgets, estimates, experience of others and public available statistics. I was also able to identify the main uses of accounting and these are as follow:  Information All organizations need to keep records of their financial transactions so that they can access Information about their financial position, including: summary of income and expenditure, the outcome of all operations, assets and liabilities.

    Read More

  • Importance Of Accounting Information System

    925 Words  | 4 Pages

    The main important purpose of the accounting information system is to promote the activity of the enterprise and to form a reliable and real picture of it. In addition, the accounting information system promotes the activity of the enterprise effectively by preparing up-to-date information statements, providing as much information as possible so that the data should be understandable all users not only for the experts(bookkeepers) and tracking liquidity. Nowadays accounting software is a programme which makes accounting work processes easier and faster and which makes it possible to meet the information demand of the management. It also can support the accountants’ work, helping to compile reports by in helping to compile reports by recording and processing the events concerning the

    Read More

More about Assignment: Understanding Business Accounting

Open Document