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Finance in Management and Leadership - Assignment

   

Added on  2020-10-22

14 Pages3061 Words138 Views
Finance inManagement andLeadership
Finance in Management and Leadership - Assignment_1
Executive SummaryThis report is based on Finance in Management and Leadership, where finance is themost necessary part in any business organisation as all the functions and operations in anorganisation needed funds. Finance department helps in the organisation to manage its funds in aproper manner which helps to grow business in a effective way. In management and leadershipfinance plays a vital role as finance is needed at every single point in the organisation. In thepurpose of finance Just eat PLC has been taken as an organisation which uses financialinformation to identify and make different or unique strategies which is needed through anorganization to live in the market. According to this financial system, organisation follows lot oftasks such as users interested in acquiring financial information along with this, several types offinancial data and information necessary for decision making in current organisation. Apart fromthis, communication of financial information with all organisational stakeholders andComparison of various types of financial statements and accounting concepts and frameworkused in a proper way. Findings: It has been concluded the balance sheet profit and loss or cash flows are relatedwith each other because changes in present assets and current liabilities on the balance sheet arerelated with revenue and cost on the income statement but it is required to focused on the cashflows statement to point out the actual amount of cash received through the business. That's whyJust eat PLC used these aspect of finance are related with each other. Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1Users interested in receiving Financial Information .............................................................1
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TASK 2............................................................................................................................................2Communication of financial information with all organisational stakeholders.....................2TASK 3............................................................................................................................................3Different types of financial data and information required for decision making incontemporary organisation.....................................................................................................3TASK 4............................................................................................................................................4Comparison of different types of financial statements and the appropriate types of accountingconcepts and framework used................................................................................................4in producing them..................................................................................................................4CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
Finance in Management and Leadership - Assignment_3
INTRODUCTION Finance is the most important part in any business organisation as all the functions andoperations in an organisation requires funds (Bovaird and Löffler, eds., 2015). The financedepartment helps the organisation to manage its funds and properly invest it in the activities thatwill help to grow their business and compete in the market. In management and leadershipfinance plays an important part as finance is required at every stage in the organisation. In orderto start any business finance is the first thing which is required and to be managed. Finance helpsin management to give the clear picture and develop new strategies to overcome the barriers andin leadership it helps them to see the actual position of the organisation and work according to it.TASK 1Users interested in receiving Financial Information Financial information are the information about the company's financial health which isrequired by the management and the investors to know that how the company is doing and whatshould be the new strategies that should be used to stay in the market and earn the maximumprofit (Hoye and et. al., 2012). Investors also use the financial information to see the returnwhich they can get and how much and where they should invest. Financial information includesthe statement of profit and loss, statement of balance sheet and cash flow statements, these areused by both management and the investors before investing or making new strategies which canhelp the organisation to grow and earn maximum profit. Stakeholders are the person, group or anorganisation that may have the interest in the organisation which may affect the business andwithout their support it is impossible for the organisation to stay in the market.Stakeholders that are interested in receiving the financial statement are the:Primary Stakeholders: Primary stakeholders are mainly the internal stakeholders which havethe direct interest in the organisation and also deal with suppliers, customers, creditors,employees etc (Middlehurst, 2013).Managers: Managers of the Just Eat PLC uses the financial information to analyseand make new strategies required by the organisation to survive in the market.Financial Information show the actual position of the company and helps themanagers to formulate new and better strategies.1
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