An Understanding Of The Business Process

The ordering process begins with the decision of the customer to submit their order simply by either calling, faxing or mailing their order information. When a customer calls in their order, the customer service representatives takes down pertinent customer information, which includes the customer's name, billing and shipping address, product number and description, quantity and shipping instructions. While taking down the order, the customer service representative access the company's order entry system where inventory checks are conducted as well as credit checks are processed. In addition, delivery options are advised to the customer. Here the customer decides

The conceptual framework is an attempt to provide a metatheoretical structure for financial accounting. SFAC No.3 defines 10 elements of financial statements. It is obviously a resolution of the definitions presented in the discussion mem for the conceptual framework project. Elements are what accounting professionals measure and the attributes is about how to measure. Definitions can be helpful to the financial statements which have been formulated in order to help professionals to specify the qualification are. Also, the definitions must be expressed in the metatheoretical structure.

In accounting there is much to be learned, about the financial aspects of a business. In the past five weeks I have learned the importance of financial reports and how they relate to the success of an establishment. These reports may include balance sheets and income statements, which help accountants and the public grasp the overall financial condition of a company. The information in these reports is really significant to, managers, owners, employees, and investors. Managers of a business can take and deduce financial

Reflect on what you have learned in this course and discuss how it might influence your work as a professional

As we advanced through week 4 of Principles of Accounting II, so far, we have absorbed ourselves with a litany of accountancy material. Week 4 continued with variety of content that contained: identifying kinds of shares issued by companies, computing shares, dividends, and stock splits, and documenting treasury stock deals. Also discussed in text and throughout discussion questions was the use of cash flows and types. We also covered both vertical and horizontal analysis.

The purpose of this paper is to define accounting, and identify the four basic financial statements. The paper also explains how the different financial statements are interrelated to each other and why they are useful to managers, investors, creditors, and employees.

The course gave me a new prospective while building on foundational concepts I have learned at school during my ‘Economics & Social Science’ courses as well as leveraging my interest for international and multi-cultural matters. I was particularly intrigued and interested by the session we had about a comparative analysis of productive efficiency between the US and Japan. I discovered the importance of the legal matters such as patents or international arbitration. I also enjoyed working as a team on a practical case study. In our group we decided to work on the introduction of a US Fashion brand on the French market going through the overall strategic business

Identify and explain the fundamental concepts and principles in accounting, the components of the accounting equation, the primary financial accounting equation, and financial statements and reports.

My interest in business and economics began one winter break during junior year of high school. As I flipped through titles on Netflix, it was not a comedy nor an action-packed movie I landed upon, but rather the documentary Inequality for All. When it came time to choose classes for senior year, I jumped at the chance to take advanced placement micro and macroeconomics. Within the first week of attending class, my decision to study business economics was solidified.

The main objective of this semester was to learn various organizational behaviors that are conducted in a business environment outside the classroom; these would help us as students and as future business entrepreneurs. Throughout the semester, every week different professors came and gave us lectures. Each lecture was about different topic with professors of different departments. Along with the weekly lectures we also had an interactive session that gave us the opportunity to apply the lessons and techniques learnt in our professional and personal lives.

I am a MBA student taking different courses to develop a great understanding of the various aspects that businesses entails. I want to be well –versed in a variety of other areas that will make me confident in my career.

Feedback: A clear understanding of accounting terms and concepts is required of those who have a financial interest in an enterprise if they are to understand and communicate about the enterprise. Accounting

5. MANAGERIAL ACCOUNTING is concerned with providing information for the use of those who are

This essay will discuss the essential need for Business Process Reengineering (BPR) to be included in the success of an ERP implementation, specifically the role of, steps needed, and results of the BPR.

Accounting can be defined in a number of ways, but I chose the book definition, which is; Accounting is an information system that provides reports to stakeholders about the economic activities and condition of business. The person in charge of accounting is called the accountant. The accountant is typically required to follow a set of rules and regulations. These rules and regulations are called the General Accepted Accounting Principles. Throughout these next few paragraphs, I will be giving you the history and evolution of accounting, and I will be explaining who the stakeholders are and what type of information they require, and I will be explaining the role of accounting in business. There will be many examples and type of business