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U.S and U.K economic environments
In this task I will be looking at the U.S and U.K economic environments and also providing relevant information for the Tesco’s that operates in these countries.
£2.50 Preview RemoveAccountancy
Here's an overview of accounting: *Definition:* Accounting is the systematic process of recording, classifying, reporting, and analyzing financial information to help users make informed decisions. *Key Components:* 1. Financial Statements: - Balance Sheet (assets, liabilities, equity) - Income Statement (revenue, expenses, profit/loss) - Cash Flow Statement (inflows/outflows) 2. Accounting Equation: - Assets = Liabilities + Equity 3. Accounting Principles: - GAAP (Generally Accepted Accounting Principles) - IFRS (International Financial Reporting Standards) 4. Accounting Types: - Financial Accounting (external reporting) - Managerial Accounting (internal decision-making) - Cost Accounting (product/service costing) *Accounting Functions:* 1. Recording transactions 2. Classifying and reporting financial data 3
£12.50 Preview Remove