Reference no: EM133087660

FINA1149 Finance for Non-Finance Managers

Assessment Brief

Case Scenario Brief and questions

Case Scenario - You are a small business adviser working for a business agency which has been set up by the government in association with the local authority, in order to encourage business enterprise. Janice Singh has arranged to see you to talk through her idea for establishing an office cleaning business. At the first meeting Janice asks you to explain to her the role of accounting in her business and the key financial statements and what they do in the business since she wishes to go to her bank for a loan and wants to appear professional.

Question: Using the topics we have covered over the first five weeks of the Term please provide Janice with a short report on the role of accounting, the statement of financial position/balance sheet, profit and loss statement, cashflow statement, and management and cost accounting so she understand these concept. Please use at least 3 but no more than 5 reference sources in your answer.

Introduction - The following are some notes for Janice Singh on topics you will need to know when you visit the bank:

For each of the elements below say what each are and why each are important to Janice in terms of the information it provides her and relevant stakeholders about her business. In answering these two questions cite an article (from the list of journals listed above) that supports what you say.
These are all headings in your report
The role of accounting-
The statement of financial position/balance sheet,
The profit and loss statement,
The cashflow statement,
Management accounting
Cost accounting
Conclusion - In 2-3 sentences. Tell Janice the importance of preparing regular statements and who may be interested in seeing these.

Attachment:- Finance for Non-Finance Managers Report.rar