An Investigation Report on Accounting and Financial Control
Association of Tourism and Hospitality Executive (ATHE)
ATHE level 5 Extended Diploma in Management
Unit name: Finance for Managers
Unit no: 4.9
Assignment title:
An investigation report on accounting and financial control
Submission date:
21st September 2012
Submitted by: Ahmed Shahir
ATHE registration number:
Table of contents
Introduction 2
Purpose and requirements for keeping financial records 3
Techniques for recording financial information 3
Legal and organisational requirements of financial purpose 4
Usefulness of financial statements to stakeholders 5
Difference between management and financial accounting 6
Budgetary control process 8
Use of different costing methods used for pricing purpose 9
Conclusion 10
Bibliography 10
Introduction
The purpose of this report is to identify the financial and accounting control, which I’m going to explain about some purposes and requirements of financial record and how should be recorded, in this topic I have written some techniques and some ways of recording the financial document and which documents should be recorded, also I have written some information about stakeholders, and what document should be present to stakeholders.
In this topic you can also find some differences between management and financial accounting, that the reader can easily compare management accounting with financial accounting.
Purpose and requirements for keeping financial record:
Financial records are track records on use of credit and how well did in paying that credit back on time.or a record is an accounting and financial document which generally supported by and summarized the information contained in source documents i.e. receipts, purchased receipt, bank deposit slips, income taxes, contracts, staff salaries etc.
Here are some purposes for keeping accounting
ATHE level 5 Extended Diploma in Management
Unit name: Finance for Managers
Unit no: 4.9
Assignment title:
An investigation report on accounting and financial control
Submission date:
21st September 2012
Submitted by: Ahmed Shahir
ATHE registration number:
Table of contents
Introduction 2
Purpose and requirements for keeping financial records 3
Techniques for recording financial information 3
Legal and organisational requirements of financial purpose 4
Usefulness of financial statements to stakeholders 5
Difference between management and financial accounting 6
Budgetary control process 8
Use of different costing methods used for pricing purpose 9
Conclusion 10
Bibliography 10
Introduction
The purpose of this report is to identify the financial and accounting control, which I’m going to explain about some purposes and requirements of financial record and how should be recorded, in this topic I have written some techniques and some ways of recording the financial document and which documents should be recorded, also I have written some information about stakeholders, and what document should be present to stakeholders.
In this topic you can also find some differences between management and financial accounting, that the reader can easily compare management accounting with financial accounting.
Purpose and requirements for keeping financial record:
Financial records are track records on use of credit and how well did in paying that credit back on time.or a record is an accounting and financial document which generally supported by and summarized the information contained in source documents i.e. receipts, purchased receipt, bank deposit slips, income taxes, contracts, staff salaries etc.
Here are some purposes for keeping accounting
References: * http://www.monash.edu.au/lls/llonline/writing/business-economics/marketing/2.2.2.xml * http://www.gilbertfinance.co.uk * http://www.ehow.com * http://www.publishyourarticles.net * http://www.monash.edu.au/lls/llonline/writing/business-economics/marketing/2.2.2.xml