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Managing Financial Resources and Decisions

The report has discussed the key factors of managing financial resources and decision making. Also the importance of managing cash inflows and cash outflows for a business has been highlighted. The key factors to be considered in preparing cash budgets and the process of preparing budgets has been discussed. On the other hand the purposes of the main financial statements produced by any business and how the format of these financial statements can vary with the size of the businesses have been evaluated. Also information needs of different users of financial statements have been assessed.

Different sources of finance available for a business have been discussed by considering different debt and equity financing options. The implication of the different sources of finance is explained using different examples. In addition the impacts on financial statements due to obtaining these sources of finance are further evaluated.

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Published: 22 Feb 2018 Views: 3 Type: Report Writing

Financial Systems and Auditing

The report is based on numerous scenarios relating to financial systems and auditing. The report first discusses the importance of maintaining accurate and effective accounting records within a business. The different purposes of accounting records, importance of accounting concepts and influential factors of accounting systems within an organisation are discussed in detail. The next section of the report discusses the impact of negligence and non-compliance of financial regulations and business risk management. The planning process of an audit is evaluated, in terms of the scope, materiality and risk of an audit. The final section of the report discusses the various purposes and types of audit reports and presents a draft template of an audit report and a management letter.

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Published: 09 Apr 2018 Views: 1 Type: Essay