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In their different ownership structures, business enterprises pursue different strategies towards accomplishing their owners’ needs and interests. At the heart of these accomplishments is the generation of sufficient financial returns to cover obligations as they become due and residual incomes for the owners. It is doubtless that without a grip of financial stability, the survivability of for-profit organizations becomes bleak. Financial management plays and instrumental role in this case. The generation of sufficient information for decision making for the business and investors alike is integrally critical in shaping the progression of the business enterprise. While businesses provide financial statements according to prevailing laws and accounting standards to the public for their consumption in decision making, they are further needed to be accountable to them regarding their performance and investors’ engagements, especially considering that investors are foundational sources of capital for organizational operations.
Financial accounting can be viewed as the process through which businesses record, summarize, and report their business transactions over a specified time (yu, lin, and tang, 2018)...
Organisations may either belong to the private sector or the public sector. when they are in the private sector, they can be large, small or medium-sized depending on the annual in...
Corporate social responsibility is a self-equipped business approach that helps an organization be socially responsible to its stakeholders and the overall public. through the prac...
This paper attempts to review the status of law in the context of the uk. the critical areas reviewed in the study included the nature of the legal systems within the uk, focusing ...
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