INTG 201 Lecture 14: INTG201 Managing Money Accounting and Finances Part 1 Lecture Notes
22 Nov 2016
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Intg201 managing money accounting and finances part 1 lecture notes. Refer to textbook for preparation questions within and at the end of each questions, the syllabus outlines which questions to do each week. Traditionally defined as the art of recording, classifying, and summarizing, in a significant manner, transactions and events in terms of money. Operation management, business decisions (eg. store, franchise, equipment, inventory, staff, sales, operating expense), control of expenses: expense: something you lose money to on a consistent and planned basis. Responsibility of measuring a company"s performance accurately fairly, on a timely basis. External: measurements enable investors and creditors to compare the income and assets employed by companies: eg. Stock exchange, financial statements to show others how well/bad they are doing. Internal: managers and owners can also assess the relative risks and returns associated with companies. Someone who conducts financial reporting, tax planning, budgeting for enterprise and organizations.
