D1 unit 2 Level 3 Business

UNIT 4 D2: Evaluate the effectiveness of business information and its communication as key contributors to the success of the organisation, using examples to illustrate your points.

In this section of the report I will be analysing how business activities from each factor; political, legal and social, have impacted on two contrasting organisations. The two contrasting organisations I will be focusing on are Tesco's and Amazon.

| A trade union is an organisation that employees can join, where their rights and interests are discussed and protected. A trade

Give contests to the workers between each other and give points to the workers for whatever good things they have done and also must deduct points when they do not do well suppose for example when a worker keep absenting themselves must deduct points for every absence so the staffs will turn up every day and they will be motivated to turn up for work for everyday and put in such a way that that the staff who earns the most points will get rewarded with the most bonus and that will motivate the staffs to do good

When you’re looking at the income statement, you can get information about profitability for a particular period. This is also called the profit and loss statement. The income statement is composed of both income and expenses. This statement can be used to deduct expenses from income and report either a net profit or net loss for that period. This statement will deduct all expenses from income and then report your net profit or net loss for that period. This will allow the business owner to determine if the business is bringing in a good amount of revenue to make a profit. The cash flow statement shows the movement in cash and balance over period. The cash flow can vary depending on the operating activities, investing and financing activities. This statement provides one business owner with insight to the company’s liquidity which is vital to the growth of the business. Reinvesting in business is very important, looking at the statement of retained earnings will tell a business owner how much were reinvested in the company. After profitable period, every big business has to give some of its profits to stockholders, and keep the rest amount as retained earnings. Out of all statements, retaining statement is important to companies that sells stocks to the public. This statement can also provide you with assets and liabilities information. These informations can be used to assess the financial health of your business. The results of a balance sheet will help the business owners to show the risk of liquidity and credit. Looking at these information you can measure trends and relationships to show where in the areas you can improve. These can also be compared to similar companies to show how the business measures up to leading competitors (Ali, 2010). In summary, the financial statements can provide a business owner

To get the formula you will need to click the F5 cell and type =SUM(B5:F5) formula. This will give the daily total for each expense. Once you are done with the first row you will need to enter the formula into the remaining rows. As an example you will type in F6 cell =SUM(B6:F6). This calculates each cell B6-F6. As for the formula that allows you to get the total of expenses for each category weekly, you will enter in the B13 cell and type =SUM(B5:B13) continue to do this for each cell. Which in the Hotels column you would type =SUM(C5:C13). This calculates C5-C13 and gives the total. To show which receipts need to be printed out for the accountant I would advise you to type =IF(F5>100,” YES”,”) So Bill can now highlight G5, press copy then

Of course you can create and format documents using Windows 8. Since its earliest versions, Windows is bundled with a very useful text editing tool called WordPad that it considers as a light version of a Microsoft Word, and a more advanced app than other simple text editors like Notepad. This tool allows you to create, edit, format, view, and print text documents, you can use it to type memos, create quick reports and other simple documents. For example, if you want to create a document in WordPad, you only have to open WordPad by clicking the Start button, typing WordPad in the search box, and clicking WordPad in the list of results. Then, you can write the text you

The introduction of company policies and procedures has reduced the overall costs to the businesses. The introduction of safety procedures reduced injuries to staff making it so they had less time off increasing production. Enforcing a maintenance procedure meant the equipment breaks down less also reducing risks of injuries to staff and increasing production. Having set procedures also takes the thinking out of the hands of the staff everyone is treated the same and everyone knows what is required of them, and who to seek out when there is an issue. Companies have the primary duty of care to ensure staff are working in a workplace that doesn’t pose a risk to the health and safety of staff. A WHS management plan informs the relevant individuals

Income and cost changes because of different levels of activity they carry out in the business. If the sales of the business increase so will the cost. This is because; more production will take place for more sales. Income and cost can be changed by fashion as well. The business will need to be up to date with the fashion. This change will increase the cost as well. But if the business can be up to date, it will bring a higher income as their products going to be popular.

Financial statements of the company are significant for the investors who would like to venture into the business operation. It gives them the insight whether the business is making profits or it is doomed to fail;

Financial statement measures the financial performance, liquidity and strength of the firm, it is important

Financial statements are a very useful tool for individuals interested in the organization. Investors use the information to determine if it a wise decision to put their money into the organization. Investors need to determine if the organization has been successful and profitable and will continue to be successful and profitable. Creditors use the financial statements to determine the amount of credit that should be advanced to the organization. Employees generally do not look at the financial statements, but if a new executive was thinking of joining the organization, he or she may want to see the potential of the organization to make sure the investors are becoming a part of a successful organization. Management uses the financial statements on a monthly basis to determine which areas of the organization are profitable and which areas of the organization that needs to be discontinued or restructure to become more profitable.

Budgeting is crucial in the well-being of a company especially the financial health status of a company. In fact, no professionally managed firm would fail to budget, since the budget establishes what is authorized, how to plan for purchasing contracts and hiring, and indicates how much financing is needed to support planned activity. It is routine for a company to budget for its expenses. Expense budgets act as a guideline of how much revenue a company would require keeping the activities running. It is used to set the company’s targets for a certain period.

“It’s clearly a budget. It’s got a lot of numbers in it” (George W. Busch 2005). This definition of a budget can be supplemented using the Oxford dictionary, which states that a budget is an estimate of income and expenditures for a set period of time. Nowadays almost every business uses budgets and managers use them as a tool in order to set targets. In other words managers can, with the use of budgets, explain in a financial way what are the

Budget is a comprehensive business plan for procuring and appropriating a firm’s financial resources over a specified time period.