Unit 5007 Financial control 1.1 Assess the relationship(s) between a financial system or function and other systems or functions in an organisation Answer: Information and records are of critical importance to the functioning and controlling of systems in general‚ including organisational systems. Given the central importance of information and records to systems operation‚ including public sector organisations and the societies they exist to govern‚ we should not be surprised
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Critical Thinking in Creating Balance Life How to Maintain a Work Life Balance Steps1 ------------------------------------------------- Choose the correct line of work. Your profile of work holds the most important spotlight when it comes to maintaining the balance. If the work that you do is what you love‚ making that balance is a way easier job. Choose to do what interests you‚ triggers you intellectually and where at the end of the day you come back and say "Though it was exhausting‚ I made
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mercantilism. Mercantilism is characterized by the country applying policies and institutions such as the Navigational Acts‚ towards having a favorable balance of trade‚ extending borders‚ and having all of the economic goals set towards enriching the mother country. Having a favorable balance of trade was essential to mercantilism. A favorable balance of trade meant that there were more goods leaving the country to be sold (exports) than there were goods coming into the country to be bought (imports)
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statement and balance sheet. Their preparation is also desirable but not compulsory. However‚ they are generally prepared. In the case of trading concern‚ a trading account and in the case of a manufacturing concern‚ a manufacturing account and a trading account can also be prepared. In such a case‚ the account heading is mentioned as follows: Manufacturing/trading and profit and loss account. In the case of joint stock companies’ preparation of the profit and loss account and balance sheet every
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Why Work Life Balance Is So Important? Introduction: Life has become much easier‚ as the world is blessed with the advent of technology. A touch can help us to reach anyone across the world then “where do we lack in balancing our life”? Work and Life are both the same they need to be balanced in proportionate manner; it is all about maintaining a healthy working environment at home and maintaining a homely atmosphere at work place. Effects of work life balance: Spending long hours or days
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Current Balance of Payment Situation of Bangladesh: The economic performance of a country is reflected in its balance of payment (BoP) The balance of payment (BOP) refers to a method countries use to monitor all international monetary transactions at a specific period of time. Usually‚ the BOP is calculated every quarter and every calendar year. All trades conducted by both the private and public sectors are accounted for in the BOP in order to determine how much money is going in and out of
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statement would not show A) the retained earnings beginning balance. B) revenues and expenses. C) dividends. D) the ending retained earning balance. 3. Net income will result during a time period when: A) assets exceed liabilities. B) assets exceed revenues. C) expenses exceed revenues. D) revenues exceed expenses. 4. Which of the following is not a common way that managers use the balance sheet? A) To analyze the balances of assets‚ liabilities‚ and stockholders’ equity throughout
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Checks and balances is essentially the three branches of government checking on the others and preventing them from overstepping their boundaries. There are many examples of checks and balances and many reasons why it is important. The three branches of government all have their own powers and restrictions‚ and checks and balances enforces these restrictions and ensures that each branch does what it’s supposed to do. Without it‚ our government would probably be more like an anarchy‚ as our constitutional
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Work-life balance In accord to Torrington et al. 2005‚ in some instances practices of work-life balance have been revealed to raise morale‚ reduce absence and elevate levels of job satisfaction. Usually with the right balance within work and leisure‚ employees are less tired‚ working more effectively and increased performance levels have also been found. - Nestlé The Nestlé management team with the ROCKs (Recreational Club‚ Reaching Out to Community & Kids) Program‚ encourage work-life balance through
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Assignment 2 China’s Balance of Payments analysis Report Abstract In recent years‚ China’s balance of payments always keeps “double favorable balance”. In 2005‚ China’s national economy developed quickly and stably. The exchange rat of RMB became more flexible. The current account surplus increased obviously and the capital account surplus decreased. The foreign exchange reserve still increased quickly. In 2005‚ Chinese government did some fiscal policy and monetary policy. Such as decreased
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