Business Management SL
Business Management SL
6
Chapters
175
Notes
Unit 1 - Introduction To Business Management - QB
Unit 1 - Introduction To Business Management - QB
Unit 2 - Human Resource Management - QB
Unit 2 - Human Resource Management - QB
Unit 3 - Finance & accounts - QB
Unit 3 - Finance & accounts - QB
Unit 4 - Marketing - QB
Unit 4 - Marketing - QB
Unit 5 - Operations management - QB
Unit 5 - Operations management - QB
Unit 6 - Assessment
Unit 6 - Assessment
IB Resources
Unit 3 - Finance & accounts - QB
Business Management SL
Business Management SL

Unit 3 - Finance & accounts - QB

Unlocking the Power of Final Accounts: A Guide for Stakeholders

Word Count Emoji
687 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 5th Nov 2024

Table of content

Introduction ๐Ÿ“Œ

What are Final Accounts?

  • Financial statements made by businesses at the end of a fiscal year.
  • A snapshot of transactions, revenues, and expenses.
  • Tells us about a company's financial health.

Stakeholders - who are they? ๐ŸŽญ

๐Ÿ‘ฅ Internal Stakeholders: People within the business.

  • Shareholders: Own parts of the company.
  • Managers: Run different segments of the business.
  • Employees: People working day-to-day for the business.

๐ŸŒ External Stakeholders: People outside the business but affected by it.

  • Customers: Those who buy the company's products or services.
  • Suppliers: Provide materials or services.
  • Government: Big brother watching!
  • Competitors: The business rivals.
  • Financiers: Banks and others lending money.
  • Local Community: People living around the business location.

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management SL. Subscribe now and get closer to that 45 ๐ŸŒŸ

Nail IB's App Icon
IB Resources
Unit 3 - Finance & accounts - QB
Business Management SL
Business Management SL

Unit 3 - Finance & accounts - QB

Unlocking the Power of Final Accounts: A Guide for Stakeholders

Word Count Emoji
687 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 5th Nov 2024

Table of content

Introduction ๐Ÿ“Œ

What are Final Accounts?

  • Financial statements made by businesses at the end of a fiscal year.
  • A snapshot of transactions, revenues, and expenses.
  • Tells us about a company's financial health.

Stakeholders - who are they? ๐ŸŽญ

๐Ÿ‘ฅ Internal Stakeholders: People within the business.

  • Shareholders: Own parts of the company.
  • Managers: Run different segments of the business.
  • Employees: People working day-to-day for the business.

๐ŸŒ External Stakeholders: People outside the business but affected by it.

  • Customers: Those who buy the company's products or services.
  • Suppliers: Provide materials or services.
  • Government: Big brother watching!
  • Competitors: The business rivals.
  • Financiers: Banks and others lending money.
  • Local Community: People living around the business location.

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management SL. Subscribe now and get closer to that 45 ๐ŸŒŸ