How Businesses Operate - Types of Organization
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Added on 2020-10-23
How Businesses Operate - Types of Organization
Added on 2020-10-23
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HOW BUSINESSES OPERATE
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................11.1 Types of organization found in the public and private sector in named country ................11.2 Different structures with in the businesses............................................................................11.3 Impacts on the local, global, national and economic environment on businesses................2TASK 2............................................................................................................................................22.1 Importance of accounting for businesses success.................................................................22.1 Different function in the HR department .............................................................................32.2 Key features of Employment Legislation ............................................................................3TASK 3 ...........................................................................................................................................43.1 Interpret the information on the profit and loss account.......................................................4TASK 4............................................................................................................................................44.1 Determine the roles within team ..........................................................................................44.2 Stages of team development .................................................................................................54.3 Motivation Theories .............................................................................................................54.4 Different types of leadership Styles......................................................................................5TASK 5 ...........................................................................................................................................65.1 Impact of customers services................................................................................................65.2 Benefits of customer profiling .............................................................................................6CONCLUSION ...............................................................................................................................6REFERNCES ..................................................................................................................................7
INTRODUCTIONIn the UK, there are many organization like private sector and public sector. They havingdifferent structures with in the businesses. There are factors which are affecting such as local,global and economic environment of the business. In this report, it will explaining theimportance of accounting for businesses success, different function of HR department andfeatures of employment legislation. It will also explaining the information on the profit and lossaccount and also determine the roles with in team. It will describing the stages of teamdevelopment, assessing the motivation theories and different types of leadership styles foroperating a business.TASK 1 Covered in PPTTASK 22.1 Importance of accounting for businesses successAccounting is the method for analysing the data, information accurate the assets.Liabilities and profits (De Vries, Bekkers and Tummers, 2016). It is the management of thedecision making in the business. It is the important for the analysing the profits and losses.Profits and Losses: The objective of every business is to earning profits. Therefore, theaccounting is the important for analysing the profits and managing the losses in the business. Inthe accounting, for the calculation of profits and losses, the company should be prepared profitand loss statement and balance sheet for analysing the profits and losses. Assets and liabilities: The importance of accounting is for the calculation of the assetsand taking the liabilities for the business. With the help of accounting company would knowtheir assist and liability and how can they utilize their assets to decrease their liability. On theother hand it helps company to make their strategies which would be use by company to becomethe market leader. Budget, Taxes and Returns: Accounting is to helping for creating the budget,calculation of taxes and returns (Nanjundeswaraswamy and Swamy, 2014). Taxes includingsales, VAT and income tax. The company should be filled the income tax return for requirementsof financial statement. Tax filing is an important part of company and no mischiefs should bedone in balance sheet as it will attract vigilance team, which is not good for the company.1
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