ipl-logo

Wgu Financial Task 1 Essay

1494 Words6 Pages

Task 1

The users of Orlando Limited financial statements can be simple separate as 2 types of user which is external users and internal users. The first external user involve in the Orlando Limited financial statements is stakeholder who can be a person, a group or organization that has interest or concern in the Orlando Limited financial statement. Stakeholder can be affected by the Orlando Limited financial statement, objectives and policies. Some examples of key stakeholders are creditor, employees, owner, suppliers and the community from which the business draws its resources. The creditor is the person who extends credit by giving another entity permission to borrow money if it is paid back at a later date. Creditor can be classified as either from ‘personal’ or ‘real’. Personal creditor is the people who loan money to the friend or family. The real creditor is loan under contracts with the other and we should have real assets to mortgage such as building, …show more content…

They may have some expert technical skill which able to perform the work properly. Their salary is not yet record in the Orlando Limited financial statement is RM6000. The owner is the highest executive director who set up the company mission and vision. The owner of a Orlando Limited is typically called as Chief Executive Officer. He or she will make the directly decision to the Orlando Limited Financial Statement. The Community from which the business draws its resources is the person who provides the raw material to a company to process as a company branded material. The last stakeholder is supplier. The supplier is a party that supplies goods or services. A supplier may be distinguished from a contractor or subcontractor, and he is the person who commonly adds specialized input to deliverables. It also called as vendor. Not all stakeholder are equal. The needs of stakeholder are to earn some of the benefits from the Orlando

Show More
Related
1751 Words | 8 Pages

Consequently, after reviewing week one reading, I learned that there are four main financial statements. They are balance sheets, income statements, cash flow statements, and statements of shareholders’ equity (Bethel University, 2017). The balance sheets show what a company actually owns and what it really owes at a certain point in time. Income statements show how much money a company has made and spent over a matter of time. A cash flow statement explains the give-and-take of money between a company and the outside world also over periods of time.

Read More
228 Words | 1 Pages

Brief Synopsis: Worker 1(W1, AFSAS Person 1) was moving boxes when he tripped over a raised dock on the floor resulting in a fracture left ankle and 3 LWDS. Sequence of Events: W1 was helping a coworker move boxes full of paper so they can be shredded at the destruction facility. As W1 grabbed a box he stepped backwards and tripped on the raised dock on the floor and twisting his ankle. Immediately W1 drove himself to the local medical facility where he was diagnosed with a fractured ankle and placed in an orthopedic boot. Investigation Analyzes: Causal Factors Investigated: Perception: W1 was not paying attention to his surroundings when he stepped back tripping on the raised dock on the floor.

Read More
1592 Words | 7 Pages

A Target Corporation Analysis Target originally started in Minneapolis in 1962 and currently has 1,803 stores and over 340,000 employees (Corporate Fact Sheet, 2017). The company target market are consumers that shop for everyday items and also accommodate consumers who are looking to purchase item such as new electronics like TV’s and game consoles, and to the consumers who are shopping for new furniture for children like cribs and dressers. The prime market for Target are consumers at a median age of forty. Fifty-seven percent of their consumers are college graduates, have a house hold income of $64k, and forty-three percent being families with children (Corporate Fact Sheet, 2017). Target is able to offer competitive “style at discount

Read More
1633 Words | 7 Pages

They supply goods or services to Sainsbury’s. Sainsbury’s would have many of these. They want Sainsbury’s to pay its debts, and that they can continue to supply them with products in the future. Suppliers are external stakeholders that supply goods or services to Oxfam. They want Oxfam to pay its debts, and that they can continue to supply them with products in the future.

Read More
590 Words | 3 Pages

As you requested, below is the information report regarding Sun Life Financials’ sustainable business practises. Background Sun Life Financial company is started in the 1860s by visionary businessman Mathew Gault in Montreal. Today it operates in more than 55 countries around the world (sun life financial, n.d). This company engaged in providing service in financial planning, life insurance, health insurance and investment. Its clients range from individuals who seek life financial security to different kinds of institutions who intent financial planning service.

Read More
1350 Words | 6 Pages

The Second Bank of the United States, constructed in the early 19th century in Philadelphia, stands as a cornerstone of American financial history. The initial function of the building was to serve as a financial institution, responsible for regulating the country’s monetary system, overseeing banking operations, and issuing currency. The building was designed by architect William Strickland, who drew inspiration from the grandeur of Greek architectural style, particularly the Athenian Parthenon, and infused the Second Bank with elements that would come to define the Greek Revival movement in America. The Second Bank of the United States reflects many aspects of the Doric order, as described by Vitruvius, Summerson, and Russell; however, it

Read More
186 Words | 1 Pages

a) What rate, compounded monthly, would have resulted in the same accumulated debt? How long would it take for her debt to reach 100,000 if she does not repay any amount throughout the term? Assume the same interest rate of 6% compounded semi-annually throughout this extended period b) If she had taken the same loan amount from a local bank, it would have accumulated to $80,654 in 18 months instead of two years. What is the interest rate compounded semi-annually charged by the local bank? c) What would her savings be if the loan had been issued to her at an annually compounded frequency?

Read More
1355 Words | 6 Pages

The purpose of this report is to help The Carlson Company determine which stakeholders to prioritize regarding their decision to expand the Regent Luxury Hotel to Papagayo, Costa Rica. Many stakeholders will be affected by this decision. By understanding this, management will be able to see and possibly predict the actions of the primary stakeholders. In this report, we will be using stakeholder theory to help analyze the different impacts of this decision.

Read More
495 Words | 2 Pages

After attending the finance board meeting on 3/20/18, I would like to address the finance board to the issue regarding the board of education budget for the 2018-2019 fiscal year. I am a life long resident of Southington. I am a parent of two children within the Southington school system. I am also a parent volunteer at Derynoski Elementary School. I have had the pleasure of volunteering in my childrens' classrooms for the last 7 years.

Read More
669 Words | 3 Pages

An example or two of the way BOA makes our financial lives better through the "power of connection. " What do they really mean here? Bank of America partners with companies and or learning academies to teach better money habits. For example, BOA partners with Khan Academy to provide a free online education resource to deliver simple, easy to understand information on a wide range of personal finance topics. There are free tools and information on BetterMoneyHabits.com that helps people to get the know how they need to make smarter, more confident financial decisions.

Read More
3270 Words | 14 Pages

Every stake holders has its own needs and demands from the organization. Every stakeholder which are directly attached to the company requires the information as it required and his role. These are the persons, groups or other company which have legitimate interest in the company and its functions. These persons or the group directly or indirectly communicate with the company. Stake holder analysis is done below to understand the needs and demands of the stakeholders.

Read More
620 Words | 3 Pages

The Middle Class Needs Financial Literacy The United States don’t have enough financial literacy taught in the middle class schools. Only 48% (24) of the states require financial literacy to be offered. Don’t you want to know how to save money, grow money, and make money make more money for you? Well the best way to make money is to work smart not hard. There isn’t enough financial literacy taught in the U.S. as a whole which prevents the knowledge of banking, growing your money, and keeps people in debt and maybe that’s the reason the U.S. is in so much debt debt.

Read More
1508 Words | 7 Pages

Successful companies such as Diageo affect more and more people as their success grows. The more people they affect leads to a bigger impact that their actions have especially over people that have influence over their projects such as their customers and suppliers (Mindtools, 2015). Stakeholder Analysis’ are used to ensure that all the key stakeholders are happy and supportive in order to help you succeed (Mindtools, 2015). There are three main steps in preparing a Stakeholder Analysis.

Read More
1029 Words | 5 Pages

“How am I going to save my money if I can’t go a month without being short on cash?” Is this the question you ask yourself every now and then? Why is saving money that much difficult for you? Saving money needs a hell lot of self-control and self-control is challenging. Not only that, saving is a habit and habits take time and effort to form.

Read More
812 Words | 4 Pages

Financial management “is the operational and financing activity of a business that is responsible for obtaining and utilizing the funds necessary for effective operations. Thus, Financial Management is concerned with the effective funds management in the business process. Finance is interrelated functions which deals with marketing function, production function, Human Recourse function and Research & development activities of the business concern. Financial Management is concerned with the financing, acquisition and management of assets with some overall goal in minds. There are three major areas in Financial Management decision making.

Read More

More about Wgu Financial Task 1 Essay

Related Topics

Open Document