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6 Cards in this Set
- Front
- Back
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What is the role of the finance function? |
Financial planning, investment project appraisal, financing decisions, capital market operations and financial control. |
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What are the objectives of a business? |
To maximise shareholder wealth. |
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What role does accounting play within a business? |
It helps collect, analyse and communicate economic information to the business. |
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Define financial accounting. |
Recording, analysing and reporting - compliance with statutory requirements and professional standards. |
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Define management accounting.
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Using financial information for business decision making. |
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Name some sources of finance. |
External versus internal, long term versus short term. |
