Producing Document in Business Environment

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Producing documentinBusiness Environment
Table of ContentsINTRODUCTION...........................................................................................................................1Task1................................................................................................................................................1(a) Comparison of various document to present the information................................................1(b) Comparison of formats using in reports or documents..........................................................2Task 2...............................................................................................................................................2(a) Aims, styles, and ending date of number of documents.........................................................2(c) Number of technology that arise reports or documents..........................................................3Task3................................................................................................................................................3(a) & (c) format for all reports.....................................................................................................3(b) Layout of every report or document.......................................................................................5CONCLUSION................................................................................................................................8REFERENCE.................................................................................................................................10
INTRODUCTIONHuman resource is the function in a organisation which deals with the human person andtheir problems like as benefits, compensation, hiring and selecting the people in order to developthe business. Human resource plays different role in any enterprise such as performancemanagement, training and organisation development and good behaviour of employees that helpsto solve the problems and maintain the profitability (Begg, Van der Woerd and Levy, eds.,2018). The main aim of this report is to understand how to prepare the business document andimportance of these documents that helps to keep records of performance and increase theproductivity.Task1(a) Comparison of various document to present the informationEach organisation prepares different types of documents which isuses to sharing,transacting business and examine the productivity of business organisation(Types of businessdocuments2019). The information and reports are prepared by the staff and business concernthat provides various information in order to run a business by accepting the challenges. Forinstance, Manager of Tesco prepares different types of reports such as-Emails and Memorandum:Employees and manager uses emails and memorandum toconvey business information to each other. Memorandums are used in convey the messagespecially and needs to keep more privacy than Email (Bocken and Short, 2016).Business letters:This is important letter that is used to communicatethe informationoutside from the workplace. The business owners can includecolleagues, stake holders andcustomers for transferring the business information. The manager of Tesco uses a business letterformat in block style that helps to share the important information.Financial documents for business management:Business concern usesdifferent typesoffinancial reports thathelps to prepare the budget and tax return file. It contains receipt records,paid bills, income statement, bank statements, pay roll reports and balance sheet which isconstructedby the organisation's accountant.The employer ofTesco uses these documents todefine the business success of industryby using financial information(Burke and Clark, 2016).From the above discussed documents financial information is most appropriate because itprovides financial information that help to take further business decision.1
(b) Comparison of formats using in reports or documentsThe company preparesvariousfinancial documents that is used to share the financialinformation. For example, Tesco is a multinational company that prepares different types ofdocument who provides financial information and gives ideas to run a business for long term.Financial documentsinvolves profit and loss account, final account (Balance sheet) and cashflow statement (Doppelt, 2017).Income statement:It states income and expenditure which is prepared by the companyto define the profit and loss.It is kind of final accounts and help to company to know profit ofthe year in particular accounting period.Final accounts:It contains fixed assets, current assets, current liabilities and ownercapital that helps to provide financial information.Every organisation can prepare their finalaccounts in order to know position and performance of the company. In final accounts consist ofseveral types of reports like cash flow statement, profit and loss, balance sheet.Cash flow statement:This contains operating activity, investment and financial activitythat shows how changes in final statement and income statement affects cash inflow and outflow.The particular format can help to know liquid situation of an organisation regarding to specifictime period.Task 2(a) Aims, styles, and ending date of number of documentsPurposes:The aim of income statement and balance sheet is to describethe profit andloss of an enterprise and define the assets and liabilities of organisation that needs to pay.Moreover the intention of cash flow is to give information of payments & receipts.The mainpurpose to prepare all statements that provide accurate and actual information regarding toperformance of profitability of the company.Content:Income statement consist cash received from selling of products and servicesand expenses, balance sheet consist assets and liabilities and cash flow consist inflow andoutflow from operating, investing and financial activity (Efferin and Hartono, 2015).Thesecontent are related to companies and reliable in reference to specific time period.Style:Income statement are prepares in two style such as single step and multi step,balance sheet are prepared in vertical and horizontal and cash flow is also prepared with direct2
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