You are working as a junior accountant within the financial department of a large retail business. As part of your training your line manager has asked you to complete the following tasks and put your work in your training file.   Task 1 – Prepare a business report that: • describes the sources of finance available to different types of organisations • evaluates the costs and benefits of different sources of finance • compares and contrasts sources of finance for a named project.

Use the internet to research one manufacturing, one retail (or merchandising), and one service business. For each business, describe the following: A. the primary purpose of the entity B. the types of activities that accountants would record (hint: what is the source of the business funding, and what costs might the business have?) C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process

you are working as a financial adviser either in your own business or as part of a larger organisation. You will be asked by your AFSL to produce a Financial Services Introduction Sheet tailored for a new staff member who is commencing work at your organisation in a financial support role but who has little understanding and/or knowledge of the industry. The Introduction has 3 sections. (a) Present a summary of the key economic and political factors (minimum 2) currently impacting or having the potential to impact on the financial services industry. You should include reference to (as a minimum): * interest rates exchange rates inflation government monetary and fiscal policies (b) Present a summary of financial advisory functions including: the role of the representative/adviser * participants in the advisory services market including those providing advice regarding: o Derivatives o Life Insurance o Securities o Managed Investments * roles played by intermediaries and issuers trustees…

Determining the cost of producing specific products or providing services and analyzing for cost effectiveness.   Includes preparing various reports and financial statements and analyzing operating, investing, and financing decisions.   The process in which accountants help managers develop a financial plan.   A business that buys a product from another business to sell to customers. ​   Telling the results of the financial information.   A type of ownership structure in which more than one person owns the business.   Specializes in cash, payroll, accounts receivable, accounts payable, inventory, or purchases.   A system of gathering financial information about a business and reporting this information to users.   Bringing various items of information together to determine a result.   A business that makes products to sell.   A business that provides a service.   Generally supervises the work of…