Business And Business Level 3 Unit6 Financial Accounting
BTEC LEVEL 3 DIPLOMA IN BUSINESS AND SCIENCE
UNIT6: Financial Accounting
TASK 1,
P1. Under this task as a group we will describe the effect of legislation and accounting principles and concepts on the policies.
Financial Regulations and Legislation
This research will be based on two very distinct organizations of which one is a non-profit organization and the other a profit oriented corporation. Both following accounting policies based on standardized concepts and frameworks.
The selected profit organization is
‘MICROSOFT’ is an American multinational technology company headquartered in Redmond, Washington, that develops, manufactures, licenses, supports and sells software, consumer and personal computers and services. Its best known software products are the Microsoft Windows line of operating systems, Microsoft Office, office suite, and Internet Explorer and Edge web browsers. It is the world's largest software maker by revenue, and one of the world's most valuable companies. It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s,
…show more content…
Board members are elected every year at the annual shareholders' meeting using a majority vote system. There are five committees within the board which oversee more specific matters. These committees include the Audit Committee, which handles accounting issues with the company including auditing and reporting; the Compensation Committee, which approves compensation for the CEO and other employees of the company; the Finance Committee, which handles financial matters such as proposing mergers and acquisitions; the Governance and Nominating Committee, which handles various corporate matters including nomination of the board; and the Antitrust Compliance Committee, which attempts to prevent company practices from violating antitrust
Unit 2 P3 Business
52 Words | 1 PagesType of production The business will be involved in Tertiary Production. Tertiary production is a sector that provides services that are important to the first two stages of production. This is where the business will offer services.
Unit 13 P4 Business
580 Words | 3 PagesManufacturing – within a business the manufacturing department works alongside several other departments such as marketing and purchasing to make sure that they manufacture products efficiently. Manufacturing is generally a long process as detailed designs of products have to be assembled before construction can begin. Manufacturing varies can depend on the organisation type large companies are likely to manufacture products themselves, and they tend to do this on a large scale in order to be able to buy resources in bulk in order to save a substantial amount of money. Small businesses tend to design their own products but may not have the ability to manufacture; therefore they usually hire other companies to manufacture for them - this can be quite costly, so they commonly perform manufacturing on a large scale
Btec Business Level 3 Unit 2 D1
1192 Words | 5 PagesUnit 2 – P3 and D1 Intro: Throughout this assignment, I will be discussing about how to manage and maintain an operating system for e.g. removing files that may contain viruses and cleaning files that are unnecessary in the operating system. I will also be talking about the benefits and drawbacks of each software utilities and I will be explaining and defining what each of the definitions actually mean. There are four essential categories that I will be focusing on and this will be explained later on. Security
Unit 8 M2 Business Analysis
1036 Words | 5 PagesUnit 8- M1 Promoting E-Commerce Search engines Search engines are really important as they are a vital way of prompting business, as search engines help the customers narrow down what they are looking for specifically, an example can be if a customer’s wants to look for a specific watch they want to purchase but don’t know where to look then they can use search engines such as msn, google, yahoo etc. these search engines would narrow down what they are looking for as these search engine will give the user millions of results. Dial and chain can also promote their business by paying money so they can be at the top of search results in web browsers, this is a really good and effective way of advertisement and its simple the more money you pay
Unit 2 M2 Business Report
1362 Words | 6 PagesM2: Using your chose business dissect the showcasing opportunities and difficulties it confronts utilizing web advertising. D1: Evaluate the viability of web showcasing in addressing client requirements for a chose business. In this report I will dissect the business sector opportunities and test that Tesco faces when utilizing web advertising. This report will assess the viability of web showcasing in addressing client requirements for a chose business.
Unit 2 Business Resources D1
550 Words | 3 Pages1. Please provide up to 3 examples of computer code that you have written to carry out data management, reporting or analysis. This can include programs written in SAS, R, or another programming language or queries written in SQL or another query language. While working in the Quarterly Census of Employment and Wage Unit, I have worked primarily with SQL procedure editor software.
Business Level 3 Unit 2 P6
705 Words | 3 PagesSeverance Should any provision of this agreement be for any reason pronounced to be invalid or unenforceable by a UK court having expert jurisdiction, then such a provision shall be made void while the remaining provisions shall survive and continue to be binding and enforceable. Governing law This agreement is construed under and governed by the laws of the UK. Both parties consent to submit to the exclusive jurisdiction of the courts located in the UK, to resolve any and all disputes arising out of, or related to this agreement or the violation of any provision of this contract.
Business Level 3 Unit 9 P4
474 Words | 2 PagesUnauthorised access is when a person is able to access the website or program, service, server or can access with other system. For example, if a person is trying to access an email which requires a password and has tried many attends on guessing the person or the username for this account that is not their account but then gain access to this account, this is therefore considered as unauthorised access as this is not their email they are accessing into but someone else’s which is then considered as hacking. Unauthorised access can also be when a person is trying to access a website in which they are not allowed of access to. For example, if a person is trying to access a website to watch films which does not allow access to but the person attempts to access that area, this would then would lead to being unauthorised as a message will appear on top of the screen which will not allow them access to he website. This can be another form of hacking.
Unit 9 P2 Business
686 Words | 3 PagesThe business I am proposing is a hotel business on the island of Guam. A hotel is a place where people stay to relax or to stay for a vacation. My hotel business is for the people who are coming to visit Guam or locals who don’t want to stay home. My business will be located in the northern half of Guam, where it is surrounded by cities, tourists sites, roads and beaches. Guam would be a perfect location for a hotel business because, Guam has a lot of modernized buildings and hotels are common for the people in Guam, who live a modern lifestyle, so having a hotel business in this island would work.
Business Level 3 Unit 3 D1
484 Words | 2 PagesThe three usability specifications that I will propose as being appropriate to assess the usability of my proposed are the time to locate a club, number of times the back button is used, meaning that they cannot find the information and appearance. First the time to locate a club on the website and the number of times the back button is used is important. The current website is not satisfying students because the website has too many links that take you to a different part on the website. In programming, they have many links to prevent too much information being stored on one section of the website to make it run faster. But the problem is people do not want to have to go fishing through links to find something that should take 10 or 15 seconds.
Business Level 3 Unit 9 P1
762 Words | 4 Pagesy they might want to buy. Place means where you will be selling it and where the product will be bought. For example, customers buy their groceries from their local superstore (Tesco). so they're buying their foods from the superstore, that's where the place would be. But in order to sell your product in big superstores (Tesco etc.)
The Importance Of Accounting Memo
1616 Words | 7 PagesAnalysis • 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.”
Political Factors Affecting Microsoft
1172 Words | 5 PagesThese include some well-known technology companies such as Apple, Google, IBM, Oracle and more. Microsoft is a very diverse company that offers many different products and services. However, it does face some heavy competition in key areas of the technology sector. Microsoft’s first focus was software and even though they still have a strong emphasis and this sector, they have branched out into other areas as well.
Tesco Accounting Report
1656 Words | 7 PagesAlso many companies reporting related to the state of the value added or environmental information, these are concentrated in industrial sectors. The financial statements reflect the financial position of company, financial performance and cash flows of the company, it is significant to note that the correct depiction of the impacts of transactions and other events and circumstances according to the explanations and criteria identification of assets, liabilities, income and expenses go in the same outline (Brealey,
Role Of Corporate Governance In Nestle
1346 Words | 6 PagesAs stated in Principle 1, The Board of Directors directs the Group’s risk assessment, strategic planning, succession planning and financial and operational management to ensure that obligations to shareholders and other stakeholders are understood and met. The board of directors has a collective responsibility for the management of the group to make sure the group is on the way to approach to their objectives while the non-Executive Directors are responsible for bringing independent judgment and scrutiny to decisions taken by the Board of Directors and providing objective challenges to management. Besides, the board of directors also function as formalising and adopting a set of Code of Ethics through the Code of Conduct as Recommendation 1.3 as stated in the Malaysian Code on Corporate Governance 2012 to make sure its compliance, establishing an appropriate set of corporate disclosure policies and procedures and ensuring a whistleblowing mechanism is in place. The Board of Directors recognizes the importance of independence and objectivity in its decision making process. The Directors are professionals of high calibre and integrity and possess in-depth knowledge and experience of the business to enable them to discharge their duties effectively.
More about Business And Business Level 3 Unit6 Financial Accounting
Unit 2 P3 Business
52 Words | 1 PagesUnit 13 P4 Business
580 Words | 3 PagesBtec Business Level 3 Unit 2 D1
1192 Words | 5 PagesUnit 8 M2 Business Analysis
1036 Words | 5 PagesUnit 2 M2 Business Report
1362 Words | 6 PagesUnit 2 Business Resources D1
550 Words | 3 PagesBusiness Level 3 Unit 2 P6
705 Words | 3 PagesBusiness Level 3 Unit 9 P4
474 Words | 2 PagesUnit 9 P2 Business
686 Words | 3 PagesBusiness Level 3 Unit 3 D1
484 Words | 2 PagesBusiness Level 3 Unit 9 P1
762 Words | 4 PagesThe Importance Of Accounting Memo
1616 Words | 7 PagesPolitical Factors Affecting Microsoft
1172 Words | 5 PagesTesco Accounting Report
1656 Words | 7 PagesRole Of Corporate Governance In Nestle
1346 Words | 6 Pages