Finance for Managers Assignment

Finance for Managers Assignment

Mr. A owns a factory which is successful, so he is interested in expanding his business and establishing another premises. Mr. A knows that you are studying finance as part of your qualification and has asked your advice on financial matters related to his current business and future investment plans.
Additional Information:
Mr A. wants to set up the new factory either as partnership or as a limited liability company. He is not sure of the requirements and techniques for financial recording and reporting for these forms of business organisations. He is aware that he has a legal obligation for the preparation of financial statements. Also he is wondering if such reporting is beneficial at all and whether it provides any useful information to stakeholders.
Task:
You are required to give a briefing to Mr. A covering following issues. Prepare a briefing paper which you will take to a meeting
a. Explain the legal and tax purposes for keeping financial records, and explain the internal control requirements in maintaining financial records
b. Provide an overview of the technique of double entry book keeping and Analyse in greater depth further techniques for recording financial information
c. Analyse the requirements for financial reporting in different forms of business entities
d. Analyse the different financial statements necessary for a business entity and evaluate the usefulness of these financial statements.
e. Purpose of financial repoting
f. Usefulness of financial statements to stakeholders.
Attachments
Finance for Managers [Converted].pdf

Is this the question you were looking for? If so, place your order here to get started!