Report on Business Assets, Liabilities, Expenses, and Gains Analysis

This report provides an overview of essential business concepts, including assets, liabilities, expenses, and gains, using Oxford Technology Recruitment as a case study. It defines and explains different types of assets (short-term, long-term, tangible, intangible), liabilities (mortgages, loans), and expenses (rent, taxes, employee pay). The report also addresses cash flow management, emphasizing the importance of maintaining a positive cash flow to avoid financial problems, particularly within a budget of $20,000. It suggests strategies like quick delivery and positive supplier relations to maintain a healthy cash flow. The report concludes by reiterating the importance of understanding these concepts for business growth.

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Table of Contents
INTRODUCTION...........................................................................................................................3
1. Describe business assets, liabilities, expenses and gains........................................................3
2. Being mindful of the 20,000 budget for the business, provide an account of what should be
done to avoid any cash flow problems........................................................................................3
CONCLUSION................................................................................................................................4

INTRODUCTION
The present report is going to emphasize on the different business concepts which
consists of the business assets, expenses, liabilities and gain (Carvalho, Rodrigues and Ferreira,
2016) . All these concepts are described in context with a small firm Oxford technology
recruitment.
1. Describe business assets, liabilities, expenses and gains.
The piece of property or the equipments which are to be purchased for starting and
running a business is said to be as business assets. There are many types of business assets which
includes short term and long term, tangible and intangible, current and non-current, operating
and capitalised, etc. These are found at historical cost in the annual report of the firm. Apart from
this, the legal financial obligations and debts of the company which arises during the course of
operations of business are said to be as business liabilities, these are to be recorded in the right
side of the balance sheet (Bennedsen and Foss, 2015) . There are many types of business
liabilities which includes mortgages, loans, deferred revenues, accounts payable, etc. On the
other hand, business expenses of a company are said to be that cost which is to be incurred in the
ordinary course of business, these are to be deducted and this is always earn or gain against
business income. The types of business expenses in context with Oxford technology recruitment
are rent expenses, taxes and insurance, employee pay, etc. Along with this, the next is about the
business gain, which is said to be the increase in the value of an property or asset. The gain can
be earn if the selling price is higher the cost price or original price. It is necessary for the
organisation like Oxford technology to have all these concepts in their business so that they can
enhance the growth of their business.
2. Being mindful of the 20,000 budget for the business, provide an account of what should be
done to avoid any cash flow problems
The situation of cash flow is occurs when the company spend too much money than they
have earned by selling their goods and services. For example- the company has buy their

products in 10000 and now they are selling the same goods to their customers in 9500 then the
company suffers loss of 500 and they have a negative cash flow statement. This occurs when the
firm is not stable to handle the financial statement of the business (Samygin and Baryshnikov,
2015) . In regard with the Oxford technology, the budget require for starting their new business
is 30000. Therefore, this is to suggest that they must handle their assets and liabilities, so that
there cash flow get maintained in a proper way. Some suggestion are outlined below-
1. Provide the quick delivery to their customers
2. Maintain positive relations between the suppliers and sellers.
CONCLUSION
From the above report, it has been concluded that It is necessary for the organisation to
utilize all these concepts in their business so that they can enhance the growth of their business.

REFERENCES
Bennedsen, M. and Foss, N., 2015. Family assets and liabilities in the innovation
process. California Management Review. 58(1). pp.65-81.
Carvalho, C., Rodrigues, A. M. and Ferreira, C., 2016. The recognition of goodwill and other
intangible assets in business combinations–The Portuguese case. Australian
Accounting Review. 26(1). pp.4-20.
Samygin, D. Y. and Baryshnikov, N. G., 2015. Scenarios of agricultural business development in
Penza oblast: Forecast and risk estimate. Studies on Russian Economic Development. 26(1).
pp.59-62.