Slide 1: Very good morning/afternoon to Dr.Olga Onoshchenko, Ms.Aneta Dent and Ms.Legha Momtazian.Today I am going to present busine enterprise and Accounting.My presentation is going to take 8 minutes of your time.If you have any questions, you can ask me at the end of my presentation.
Slide 2: Here is the outline for my presentation.At the beginning, my presentation is going to cover a brief introduction of the role of enterprise and application of accounting principles in practice, and then I will highlight the main body of my presentation which contains three aspects.They are the role of accountancy in the long term performance and survival of busine and how this informs and supports the managerial decision making proce.Finally, I will give a conclusion for this topic and display the references which helped me to conduct the literature review.
Slide 3: Here is the introduction of the main body.I will introduce from three aspects as slide shows:
• The concept of enterprise and application of accounting principles in practice • Examine value and value creation as factors that determine competitive advantage
in the market and then explore how and why economic activity develops • The role of accountancy in the long term performance and survival of busine and
how this informs and supports the managerial decision making proce.And then, I
will expound separately these aspects.(Next Click)
Slide 4: Enterprise concept is the enterprise in the sustainable operation and long- term development of enterprises, inherit the tradition, meet the requirements of the times, actively advocated by entrepreneurs, staff consciously practice, so as to form representatives of enterprises faith to stimulate the vitality and promote enterprise production, team spirit and norms of behavior.According to the different arrangement, enterprise concept is divided into spiritual culture and organization two type.In economic form, enterprises are the main participants in the market economy activities.Market economic activities cannot go smoothly without the enterprise production and sales activities, Therefore, the enterprise production and operating activities directly related with the development of market economy.Enterprises are the direct undertakers in social production and circulation.The main proce of social and economic activities in the production and circulation are undertook and completed by enterprises.Leave the enterprise, social economic activities will be interrupted or stop.The status of the enterprise\'s production and economic benefits can directly affect the national economy and the improvement of people\'s living level.Enterprise is the main force of social economic and technological progre.Enterprises not only create and bring about social wealth in the competition, but also produce advanced technology and advanced production tools, which promote the whole social economic and technological progre in the through the production and busine activities in the economic activities. Slide 5 : Creation of the enterprise\'s creation of value and continuous development．It\'s pointed out that the creation of the enterprise\'s social value is an important means of improving its competitive power.Create value is significance of the enterprises.Enterprise value can be an enterprise\'s value idea that reflect the enterprise must make their own value recognized in order to survive and develop in the fierce market competition, and constantly seek the way to maximize the value of strategic target engaged in various busine activities.The first step in achieving an organization focus on value creation is understanding the sources and drivers of value creation within the industry, company, and marketplace.As Robert S.Kaplan and David P.Norton wrote in their book Strategy Maps: Converting Intangible Aets into Tangible Outcomes.If customers value consistent quality, then the skills, systems, and procees that produce and deliver quality products and services are highly valuable to the organization.If customers value innovation and high performance, then the skills, systems, and procees that create new products and better services take on high value.Consistent alignment of actions and capabilities with the customer value proposition is the core of strategy execution.Creating value for customers helps sell products and services, while creating value for shareholders, means stock price increasing and the future availability of investment capital to fund operations insured.If companies are to focus on the value created for the customer, manager must have a method of recognizing and evaluating that value.Consider that how value proposition can be applied to the benefit of the customers, and to drive the company\'s employees to further enhance the value created.
Slide 6: The Financial Accounting Standards Board (FASB) uses the basic accounting principles and guidelines as a basis for their own detailed and comprehensive set of accounting rules and standards (Benston, 2006).Accounting principles consists of three important sets of rules: (1)The basic accounting principles and guidelines, (2)The detailed rules and standards iued by FASB and its predeceor the Accounting Principles Board (APB), (3)The generally accepted industry practices (Belkaoui, 2004).The practice of accounting is a highly skilled and technical profeion that affects public welfare.It is entirely appropriate for the state to regulate the profeion by means of a licensing system for accountants.Accounting keeps track of not only current financial information but also a history, which will aid not only employees but outside interested parties as well.Two types of users rely upon financial accounting-external and internal.Accounting help improve the effectivene of the busine.In every busine companies, there is a need for a competent and efficient accounting, it is a key to succe in financial world.Every busine companies need to set up a specialized department to train accounting to enhance financial developing.
Slide 7: Here is the references list
Slide 8: Thank you for your time.
