There are various organisations and all perform different operations. The planning of various operations is performed according to the desired business goals. There is work shop organise for the young generation to motivate them for setting up their own business so material is to be designed for the same. The undermentioned questions are useful for the company which are evaluated below as:
- Explain different types of organisations, its structure and their impact on the business environment.
- Explain accounting importance, functions of the HR department along with the key features of the employment legislations.
- How to interpret the accounts of profit and loss?
- Analyse the role of team leaders and the employees in an organisation and also explains the stages for the development of team.
- Explain leadership styles and the Motivational Theory.
- What are the major implication of customers’ service on the accomplishment of business and the major benefits of Customer profiling?
INTRODUCTION
In the UK, there are many organization like private sector and public sector. They having different structures with in the businesses. There are factors which are affecting such as local, global and economic environment of the business. In this report, it will explaining the importance of accounting for businesses success, different function of HR department and features of employment legislation. It will also explaining the information on the profit and loss account and also determine the roles with in team. It will describing the stages of team development, assessing the motivation theories and different types of leadership styles for operating a business.
TASK 1
1.1 Importance of accounting for businesses success
Accounting is the method for analysing the data, information accurate the assets. Liabilities and profits (De Vries, Bekkers and Tummers, 2016). It is the management of the decision making in the business. It is the important for the analysing the profits and losses.
Profits and Losses: The objective of every business is to earning profits. Therefore, the accounting is the important for analysing the profits and managing the losses in the business. In the accounting, for the calculation of profits and losses, the company should be prepared profit and loss statement and balance sheet for analysing the profits and losses.
Assets and liabilities: The importance of accounting is for the calculation of the assets and taking the liabilities for the business. With the help of accounting company would know their assist and liability and how can they utilize their assets to decrease their liability. On the other hand it helps company to make their strategies which would be use by company to become the market leader.
Budget, Taxes and Returns: Accounting is to helping for creating the budget, calculation of taxes and returns (Nanjundeswaraswamy and Swamy, 2014). Taxes including sales, VAT and income tax. The company should be filled the income tax return for requirements of financial statement. Tax filing is an important part of company and no mischiefs should be done in balance sheet as it will attract vigilance team, which is not good for the company.
1.2 Different function in the HR department
In every businesses, HR is the playing the main role and function of HR department is also important for the success of the
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