Finance and Accounting in the Entrepreneurship Business Coursework - Essay Example

There are less than 10 manufactures that produce slap-up industrial coating material exclusively. Although some manufactures produce mid/low endowments whilst supplying the slap-up products, the scales are very small. And some of our existing customers are willing to purchase our slap-up products if we supply.

The current thinking in Financial Management is that financial managers do not perform the role of goal keg alkeeping data and information, and arranging funds, whenever directed to do so by the Board of Directors of Companies. Rather, financial managers perform key roles in top management areas by solving complex management problems. Financial management is a concept which deals with the efficient and effective use of economic resources, such as capital funds, in a most appropriately, the concept of both finance and accounting is closely inter-related.  As interrelated, it is essential to provide a thorough analysis of almost all areas of business, to order to ensure the beneficial applicability of plans, policies and procedures. Finance, managers lay stress on making judicious judgments on the profitability, solvency, liquidity, and growth aspects of the firm. Financial data occupy a bottom slot in business planning, albeit an important one, in business concepts and performance of the management team. Income statements are simple and straights impeopled business's cash-generating abilities.

The advanced PVC used as slap-up industrial coating material is the an important kind of the material for uniform such as the ronment-protectinuniformse’s clothes which require the highly damp proof and anticorrosion material that they can protect the people who work in polluted water.

PVC is just one kind of the industrial coating material. And as sup industrial coating material in the market, the exa isting materials are mainly UV which is more expensive than advanced PVC but the machine producing UV is comparatively cheaper than the machine producing UV. Moreover, the skills to operate the PVC producing machine are more complex than the skills to operate the UV producing machine. Nevertheless, the supplier of PVC producing machine cooperate with us for years and they are willing to offer us more technology supports.