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The purpose of accounting

The purpose of accounting. BBC bitesize http:// www.bbc.co.uk/schools/gcsebitesize/business/finance/accountsvid.shtml Who do you need to be accountable to??? What do auditors do? Credibility, what is it, why do you need it? How do historic records help?. The SCENARIO…………….

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The purpose of accounting

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  1. The purpose of accounting BBC bitesize http://www.bbc.co.uk/schools/gcsebitesize/business/finance/accountsvid.shtml • Who do you need to be accountable to??? • What do auditors do? • Credibility, what is it, why do you need it? • How do historic records help?

  2. The SCENARIO…………….. • You have started work as a Financial Consultant in Birtley’s, an accountancy firm in Kidbrooke. • Your manager has asked you to work with one of the clients, Marc Edmonds, who owns a fish and chip shop ‘Marc’s Fish bar’, in advising him in solving some financial or accountancy problems.

  3. The TASK…………….. • Write a memo to Marc Edmonds which describes the purpose of accounting. You should include reasons and give examples to show your description.

  4. Memo format Sample Memo Format / Template • TO:FROM:DATE: SUBJECT: First Sentence:Reason for the memoSecond Sentence - Main Body:Any Instructions or informationConclusion:Apply your knowledge specifically to the business and how it is important to them.

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