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Finance Fo Managers

In: Business and Management

Submitted By mahmudmunna
Words 3315
Pages 14
An Assignment
On
Finance for Managers

Introduction:
Unique horizon Ltd. is a recently formed in 2002 situated at London, a limited company which is facing increasing growth. They began their business as a family business so their level of financial accountability is low. But now the management needs a financial accountant in order to ensure the accountability and proper management of the firm. However, before that the management needs to know specifically the roles and responsibility of proper financial information. They also need to know about budgeted plans and methods for appraisal of a business opportunity.
We have prepared this report basing on the information provided in the case of Unique horizon Ltd. which complies with the rules and regulations of this UK. Firstly, we have tried to give a theoretical review to the board of directors that will help them to realize the necessity and the total process of keeping financial records and the procedures to maintain these statements. Besides we discussed about the accounting and pricing processes to understand them to operate budgetary activities properly. Then we solve mathematical problems related to the variance over the costing method and a problem related to capital investment decision. Finally we recommend some step which should be taken to the development of the firm in long run.

Task 1: 1.1 Purposes for keeping financial record:
To maintain a venture systematically and smoothly, financial records play a vital role. Financial records represent day to day cash inflows and out flows from a business operation. As an owner of a business, it is a legal requirement to keep records of all business transactions for a period of at least last few years. The purposes for keeping financial records are discussed below * To monitor health condition of the business and making sound business decisions...

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