Lime Dry Cleaners and Laundry Service is being formulated to offer the consumer an exemplary level of service, whilst addressing the strains of modern life and work life balance with an underpinning focus on the environment. The decision to pursue ethical/green dry cleaning is…
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considerably ‘greener’ alternative in the form of a hydrocarbon solvent, with a view that we can emulate the success that firms in the several states of United States and Europe have had by following a strategy from an ethical standpoint. Hydrocarbon alternatives have 90% fewer emissions into the environment, greater efficiency, and thus positive benefits for employees, and consumers alike. The company and its service has several uniqueness’s, these are as discussed below:
The company will be started off in three different locations. The organisational structure and the decision making of the company will be centralised, i.e. all the decision making for major issues will be handled by the head office and chair person. The company will be set up in three different locations of which the head quarters will be in Abu Dhabi. The other two locations include Mumbai (India) and Cardiff (UK). All major decisions will be made by the chairman. The Abu Dhabi branch being the head quarters will include the main heads of operations, finance, HR, and marketing, will be responsible to handle the entire process across the three locations. The organisational structure of the company will be as illustrated below:
a) Finance and HR Head: The finance and HR head will be located in Abu Dhabi and the accountants of the other two locations will be answerable here. All recruitments and weekly accounts need to be sent to the Head quarters and to be checked by the Finance head to ensure all the finances are in order. The finance head will also be responsible to manage the daily finances of the Abu Dhabi branch.
b) Operations Head: The operations head will be located in Abu Dhabi and will be responsible to manage the customers as well as the operations staff including the drivers and the assistant. The operations head will also be responsible to mange the staff of the other two locations as well and will need to get daily reports for the activities from time the employees clocked
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(“Accounting project Essay Example | Topics and Well Written Essays - 3500 words”, n.d.)
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(Accounting Project Essay Example | Topics and Well Written Essays - 3500 Words)
“Accounting Project Essay Example | Topics and Well Written Essays - 3500 Words”, n.d. https://studentshare.org/miscellaneous/1561376-accounting-project.
The layout of a distinctive annual budget plan comprises a comprehensive line-by-line and department-by-department estimations of the income and expenses which are most likely to arise during organisational operations. Notably, the variables causing income and/or expenses are strongly influenced by the accuracy and the efficacy in executing the budgeting process (Siciliano, 2003).
The external users of financial accounting reports include the stockholders or owners of the enterprise, the creditors, government agencies, the suppliers and the general public. (Warren, Reeve, etc., 1987, pp. 2-4) The reports of financial accounting come in the form of financial statements - income statement, balance sheet, statement of retained earnings and statement of cash flows - that are prepared at fixed intervals (monthly, quarterly or annually).
ented by CTC bookkeeper in calculating the monthly profit there is no clear classification of cost. Generally the bookkeeper has treated the cost as operating costs. If analyzed critically the net profit figure my not reflect the true profitability of the products.
financial statements and cash flows, sales and profits or calculate ratios that will help us figure out how well or badly the firm is doing versus the others in the industry. Accounting may be on cash or accrual basis. Cash basis accounting assumes that no credit will be given
This particular one provides the accounting and reporting for investments in equity securities with readily determinable fair values and in debt securities which are divided into three categories; held-to-maturity securities that are debt securities expected to be held till
For decades, it has been argued that organisational structures through which accountants work, lead to conflict between business and professional values. It is often observed that organisations basically provide less freedom to accountants