Order Assignments Now Get Upto 50% Off Get UPTO 50% OFF on Your 1st Assignment. Redeem Code: NEWCUST25 Order Now
Search
Listening..

Financial Accounts on Frenza Trading Ltd

University: Melbourne Business School

  • Unit No: 7
  • Level: Undergraduate/College
  • Pages: 13 / Words 3351
  • Paper Type: Assignment
  • Course Code: R/508/0551
  • Downloads: 611
Question :

This unit of accounting is based on journal records to carry out business activities and record them into ledger for checking accounts.

  • Describe ethics, identification of stakeholders and ethical issues of Frenza Trading Ltd
  • Prepare income statement to be presented to Bank Manager.
  • Record and report accounting transaction.
Answer :
Organization Selected : Frenza Trading Ltd

INTRODUCTION

Accounting is the process of recording, classifying and creating financial accounts such as General journal, general ledger, trial balance, statement of profit and loss, cash flow statement and balance sheet. Accounting is done to keep the records of the business and showing the financial position of business to the stakeholders. The general journal records the day to day business activities of the business, and then recording those in the ledger and by using ledger the trial balance is prepared for checking the debit and credit balances. The profit and loss account is prepared to ascertain the profitability of the business by finding out net income. Cash flow statement finds out the inflows and outflows of cash. And finally balance sheet is prepared to find out the financial position of business.

QUESTION 1

1.1 What is meant by ethics

Ethics can be defined as moral principles that governs the activities of the employees working in the organisation. Ethics defines that what is good, acceptable or lets say obligations for the behaviour and what is bad, not acceptable or forbidden for the people who work in the business. They effect in the decision making and workings of the employees. Ethics are the form of guidance for the behaviour of employees who work in the investment and other industries. An ethical conduct of an employee can affect the company in which the employee is working and its stakeholders, a good conduct can have positive impact while a bad conduct can have negative consequences on the related parties.

1.2 Identify who are the stakeholders involved in this situation:

The stakeholders that are involved in the decisions of board of directors of Frenza Trading Ltd. Are as follows:

Shareholders: The major stakeholders that are involved in the decisions of board of directors are shareholders as they are the one who will be affected by the decision made by them on showing his personal asset in the financials of busines

Download Full Sample
Cite This Work To export references to this Sample, select the desired referencing style below:
Global Assignment Help.(2023) Financial Accounts on Frenza Trading Ltd Retrieved from: https://www.globalassignmenthelp.com/free-samples/finance-assignment-help/r5080551-financial-accounts-on-frenza-trading-ltd
Copy to Clipboard
Copy to Clipboard
Global Assignment Help (2023) Financial Accounts on Frenza Trading Ltd[Online]. Retrieved from: https://www.globalassignmenthelp.com/free-samples/finance-assignment-help/r5080551-financial-accounts-on-frenza-trading-ltd
Copy to Clipboard
Global Assignment Help Financial Accounts on Frenza Trading Ltd. (Global Assignment Help, 2023) https://www.globalassignmenthelp.com/free-samples/finance-assignment-help/r5080551-financial-accounts-on-frenza-trading-ltd
Copy to Clipboard
Global Assignment Help Financial Accounts on Frenza Trading Ltd. [Internet]. Global Assignment Help.(2023), Retrieved from: https://www.globalassignmenthelp.com/free-samples/finance-assignment-help/r5080551-financial-accounts-on-frenza-trading-ltd
Copy to Clipboard
Often times, students feel unable to work on assignments and think, “Who will do my assignment?” By providing "Sample" on various subjects, we are trying to help them understand all the intricacies of writing. We have the most qualified and skilled assignment writers who can provide the best assignment writing services, essay writing services, dissertation writing services, and more at the most affordable rates. Place your order now for surprising discounts.
Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price
USD 7.13

Delivered on-time or your money back

100+ Qualified Writers

For Best Finance Assignment Help

View All Writers
FREE Tools

To Make Your Work Original

  • tools Paraphrasing Tool

    Easy to Use Paraphrasing Tool to Simplify Complex Academic Writing

    Check Paraphrasing
  • tools Plagiarism Checker

    Check your work against plagiarism & get a free Plagiarism report!

    Check Plagiarism
  • tools Reference Generator

    Get citations & references in your document in the desired style!

    Generate References
  • tools Grammar Checker Tool

    Make your content free of errors in just a few clicks for free!

    Grammar Checker
  • tools Essay Typer

    Generate plagiarism-free essays as per your topic's requirement!

    Essay Typer
  • Dissertation Outline Generator

    Get Structured Outline by Professionals for Your Dissertation

    Check Dissertation
  • Thesis Statement Generator

    Create the perfect thesis statement in just few minutes!

    Generate Thesis
GAH whatsapp