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Cynthias hairdressing and beauty saloon

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TOPIC:- Cynthia's hairdressing and beauty saloon

REQUIRED

It is the responsibility of you as the newly appointed accounting and finance person to determine, decideand recommend on the following:

- Discuss the factors that need to be considered in selecting or using an appropriate business structure

- Explain the basic advantages and disadvantages of a sole proprietary, partnership and a company; in relation to selected business

- Identify and describe the nature and types of both
1. financial information; and
2. non-financial information required.
(List and define each of them andyou would need to also emphase on the more pertinent and important data for the business to focus on.)

- Outline the main accounting and supporting systems you would envisage for operating the business. (You can illustrate with relevant spreadsheets and/or formats.)

- Describe the significance and applicability of the 4 main accounting assumptions in the accounts of your business.

- Describe the possible capital expenditure decisions that could arise the course of your business.

- How would you likely do the planning and budgeting for your business (i.e. for more immediate future and for 3 to 5 years ahead)?

Verified Expert

The paper is in relation to the evaluation of the various ways of the accounting and the effect of the same in the decision making for a saloon. The various aspects viz. the form of business, its advantages and disadvantages, the financial and non-financial information, etc. have been discussed in the paper.

Reference no: EM131960569

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len1960569

4/27/2018 6:03:51 AM

Additional Notes This assignment is to be completed in groups (3 to 4 students) and submitted on Moodle by end of Week 5. Students should prepare the assignment as a report with a brief introduction and conclusion. All sources should be referenced using the style prescribed in APA 6th edition. All work should be the students own and any plagiarism will result in a nil grade and a notice being sent to the Academic Dean. Word limit should be no more than 1,200 words, a margin or 10% more or less than 1,200 words is permissible.

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