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(PDF) Importance of Accounting for Business Success

   

Added on  2020-12-29

8 Pages1562 Words162 Views
Business Operation
(PDF) Importance of Accounting for Business Success_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Presenting types of organization in public and private sector...............................................31.2 Different structure ................................................................................................................31.3 Impact on economic environment.........................................................................................4TASK 2............................................................................................................................................41. Importance of accounting........................................................................................................42. Functions of HR department...................................................................................................43. key features of employment legislation..................................................................................5TASK 3............................................................................................................................................61. Profit and loss account............................................................................................................6TASK4.............................................................................................................................................61. Own and others' role in a team................................................................................................62. Stages of team development....................................................................................................63. Theories of motivation............................................................................................................74. Different types of leadership style..........................................................................................7TASK5.............................................................................................................................................71. Impact of customer service.....................................................................................................72. Benefits of customers profiling...............................................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9.........................................................................................................................................................9
(PDF) Importance of Accounting for Business Success_2
INTRODUCTIONBusiness operations and plans are done to increase the efficiency and productivity of acompany. This report focus all the operations which affect the business environment. It describedifferent types and structures of sectors in UK. The report explain the importance of accountingfor business success and features of employment legislation and it explain complete informationregarding profit and loss account. The report tells the importance of customers service for abusiness success.TASK 11.1 Presenting types of organization in public and private sectorEnclosed in PPT1.2 Different structure Enclosed in PPT1.3 Impact on economic environmentEnclosed in PPTTASK 21. Importance of accountingAccounting is the basic necessity and there is a great need of accounting in businesssuccess because it will help in prevention of fraud and show the exact financial position ofcompany as compared to last many years. With the help of proper record keeping, the objectiveof accounting is fulfilled. Accounting help in decision making and it also gives properinformation related to finance (Importance of Accounting,2018). Using accounting in a business,an individual can easily control the cost as per need and overall it increases the efficiency ofwhole management system. Accounting information system is helpful in increases theprofitability and liquidity of whole system.2. Functions of HR departmentHR main function is to recruit new people for vacant position. They advertise relted tojob and then take interview and hire new employee for job.They maintain good relation with their staff and employees in order to take the businessin new level of success. Employee relation with HR make the bond stronger in the termof employer and employee relationship (Strom, Sears and Kelly, 2014).
(PDF) Importance of Accounting for Business Success_3

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