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Title: ACC 111 –Financial Accounting & Reporting
Description: Topics: - Types of Business - Forms of Business Organization - Micro, Small, and Medium Enterprises - Activities in Business Organization
Description: Topics: - Types of Business - Forms of Business Organization - Micro, Small, and Medium Enterprises - Activities in Business Organization
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ACC 111 – Financial Accounting and Reporting
Topics:
-
Types of Business
Forms of Business Organization
Micro, Small and Medium Enterprises
Activities in Business Organization
TYPES OF BUSINESS
The fundamental business model will not vary there are infinite ways to apply it and provides
range of products and services to customers
...
Trader are those buying and selling products and made them available directly to the
ultimate customers
...
Infrastructure this involves in selling utilization and occupying the infrastructure and often
it includes service
...
Financial this involves accepting or receiving deposits and lending or receiving money
and paying them interest or the debtors will pay interest
...
The company will invest the money to pay the claims
...
Sole Proprietorship
- a business owned by a single person
...
Partnerships
is a business owned and operated by two or more person
- they binds themselves to contribute money, property or industry to a common fun, with
the intention of dividing the profits among themselves
3
...
4
...
MICRO, SMALL AND MEDIUM ENTERPRISES
The Republic Act No
...
Under this law, banks and lending institutions are now required to allocate 10% of their
total loan portfolio to MSMEs, broken down as follows: 8% for micro and small
businesses and 2% to medium enterprises
...
00 billion
...
Micro Enterprises
- are those company with assets before financing of 3 million or less and employ not
more than 9 workers
...
Medium Enterprises
- are those companies having an assets before financing of above 15 million to 100
million and employ 100 to 199 workers
ACTIVITIES IN BUSINESS ORGANIZATION
Accounting provides important information for the business organization to make different types
of decisions
...
Financing activities
-
activities that the business will obtain financial resources from the financial markets and
how they manage and use it to produce goods and services
...
- It is also having the right mix of resources for effective and efficient operations
Title: ACC 111 –Financial Accounting & Reporting
Description: Topics: - Types of Business - Forms of Business Organization - Micro, Small, and Medium Enterprises - Activities in Business Organization
Description: Topics: - Types of Business - Forms of Business Organization - Micro, Small, and Medium Enterprises - Activities in Business Organization