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How Businesses Operates Assignment

   

Added on  2021-01-03

9 Pages2389 Words379 Views
How Businesses Operates
How Businesses Operates Assignment_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................11.1 Different types of organisations found in public and private sector in UK.....................11.2 Different structures of businesses in UK and reasons for variations...............................11.3 Impact of global, national and economic environment on business.................................1TASK 2............................................................................................................................................12.1 Importance of accounting for business success ..............................................................12.2 Different functions carried out by HR department in a business ....................................12.3 Key features of Employment legislation..........................................................................2TASK 3............................................................................................................................................23.1 Interpretation of information of profit and loss account..................................................2TASK 4 ...........................................................................................................................................34.1 Determination of role of team leader and others in a team..............................................34.2 Detailed notes to be used in future training events...........................................................4TASK 5............................................................................................................................................55.1 Impact of consumer service on business success.............................................................55.2 Benefits of consumer profiling to a business...................................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
How Businesses Operates Assignment_2
INTRODUCTIONBusiness means to regulate and operate a profession or a trade for generating revenuesand earning profits. To carry on any business a set of skill and knowledge is required. In thepresent report the impact of business environment on an organisation ans its different structuresare discussed. Accounting is an integral part of a business which manages all the information anddata related to business finance. The importance of HR department which manages the peopleworking in the organisation is also discussed. TASK 1 1.1 Different types of organisations found in public and private sector in UKCovered in PPT1.2 Different structures of businesses in UK and reasons for variationsCovered in PPT1.3 Impact of global, national and economic environment on businessCovered in PPTTASK 22.1 Importance of accounting for business success Accounting is called as language of a business, as it communicate information tomanagers, owners, investors for evaluation of business's financial position (Barbieri and Cutuli,2015). To accurately interpreting, analysing and communicating financial informationaccounting is essential. Through accounting the relevant financial data is presented in a particularformate as per accounting standards and policies set by government.The accounting is not confined to financial accounting only it also includes managementaccounting which intakes all financial and statistical information and makes decision to allrelevant activities of an organisation.Financial accounting is responsible for preparation of financial statements which includesincome statement, balance sheet, cash flow statements and statement of shareholder's equity.2.2 Different functions carried out by HR department in a business Staffing: HR plays a vital role in staffing process, this is a process of recruitment,selection, development and compensation of subordinates.Recruitment and selection : successful recruitment and employment is a key task of HRdepartment of an organisation. They put advertisement for job, target relevant candidates, select1
How Businesses Operates Assignment_3

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