Business Operations - Assignment

Added on - 22 Nov 2020

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How BusinessesOperate
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1COVERED IN PPT...............................................................................................................1TASK 2............................................................................................................................................12.1 Importance of accounting in terms of business success...................................................1TASK 3............................................................................................................................................23.1 Interpret the information on the profit and loss account..................................................2TASK 4............................................................................................................................................24.1 Analyse to determine roles within team...........................................................................24.2 Describe the stages of team development........................................................................34.3 Assess three motivation theories......................................................................................44.4 Describing the different types of leadership style............................................................4TASK 5............................................................................................................................................55.1 Different Functions of HR in business organisations.......................................................55.2 Explaining the Key features of employment legislation..................................................6CONCLUSION...............................................................................................................................6REFERENCES...............................................................................................................................7
INTRODUCTIONBusiness activities or business operation is the assets of the owned by a business personor an individual. These assets either in physical or intangible. Business type is depends on itstype, size and so on. The main purpose to start the business is that to gain money and earningcustomer satisfaction. Present study will be explaining the same essential elements which is mostessential and required to have the business or to start the business. Study will be plan, produceproductive notes and material for the new startup businesses and for local businesses, andgovernment funded businesses. Study will introduce new business essential requirements such astypes of organization, different structures of commercial enterprise. Besides, what is theimportance of accounting in enterprise success.TASK 1COVERED IN PPTTASK 22.1 Importance of accounting in terms of business successAccounting is the most common term in business activities that enterprise needs to adoptin day to day activities (Schaltegger and Burritt, 2017). It is the services that help to providequantitative information of financial nature to various stakeholders, which is intended to be usedin making economic decision.Accounting tool is very helpful for businesses to take long term and short term businessdecision that helps to make the proper stability of enterprise in market (Importance of businessaccounting for enterprises, 2018). There are some major terminologies given in accounting thathelps businesses such as given below.Profit & Loss AccountBalance sheet or statement of financial positionCash flow statement1
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