Organizational control
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the process by which an organization influences its subunits and members
to behave in ways that lead to the attainment of organizational goals and
objectives
To secure financing, banks commonly request "the financials":
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, The Balance Sheet
The Income/Profit and Loss (P&L) Statement
Cash Flow Statement
Assets
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1. Current Assets are those assets that are cash or can be readily converted
to cash in the short term. Ex:accounts receivable or inventory.
2. Fixed Assets are those assets that are not easily converted to cash in the
short term.
Ex: land, buildings, equipment, vehicles, furniture and fixtures.
3. Intangible Assets (net).
Ex: goodwill, trademarks, patents, licenses, copyrights, formulas, and
franchises.
Financial controls
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provide the basis for sound management and allow managers to establish
guidelines and policies that enable the business to succeed and grow
-key element of organizational success and survival
Owners equity
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the process by which an organization influences its subunits and members
to behave in ways that lead to the attainment of organizational goals and
objectives
To secure financing, banks commonly request "the financials":
Give this one a try later!
, The Balance Sheet
The Income/Profit and Loss (P&L) Statement
Cash Flow Statement
Assets
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1. Current Assets are those assets that are cash or can be readily converted
to cash in the short term. Ex:accounts receivable or inventory.
2. Fixed Assets are those assets that are not easily converted to cash in the
short term.
Ex: land, buildings, equipment, vehicles, furniture and fixtures.
3. Intangible Assets (net).
Ex: goodwill, trademarks, patents, licenses, copyrights, formulas, and
franchises.
Financial controls
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provide the basis for sound management and allow managers to establish
guidelines and policies that enable the business to succeed and grow
-key element of organizational success and survival
Owners equity
Give this one a try later!
