business

a prediction of the inflow and outflow of money in a business

a person who is the exclusive owner of a business entitled to keep all profits after tax and is liable for all losses

an assosiation of two or more persons engaged in a business enterprise in which the profits and losses are shared proportionally

offers limited liability or legal protection for its shareholders but that places certains restrictions on its ownership

liablity of each shareholder is limited to the amount of the capital agreed to be invested by him in it; liability does not extend to the members other assests

data base, spread sheets, internet. SYS needs good internet to be able to run properly due to it operating online.

excel, edexel. used to draw up budgets and cash flow forecasts, records of sales, present year-end accounts. helps collect customer feedback, orders new materials.

detailed documents describing a business. contains info of marketing , finance, aims and objectives, location, types of finance. used to monitor on going performance

human resources, material resources, information resources and financial resources.

fixed costs, semi-variable costs and variable costs.

price X quantity

revenue - total cost

selling price punit - unit variable costs

fixed costs devided by selling price - variable cost

cash inflow - cash outflow

fixed costs + variable costs

net cash flow + opening balance

 a particular amount of money given to a certain department to spend.

adverse- if you spend more than the budget

favourable- if you spend less than the budget

the use of forecastd and actual budget data and the analysis of variences

prediction of the inflow and out outflow of money in a business