Bba`

In: Business and Management

Submitted By ezzahblueberry
Words 287
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ACCG101 Homework week 1
Ezzah Chaudhry
Student number 44672012

Q1 Discussion question What are some of the financial decisions owners need to make when running a new business? * Whether the business should be;
Sole trader: owned by one person
Partnership: more than one individual
Company: organised as a separate legal entity and owned by shareholders. * Some other important decisions owners need to make are about how to fund the business and the most appropriate source of funding and how to manage cash flow and acquire assets are equally important

Q2 Discussion question There are diverse roles of accountants. Which role(s) would you like to have when you finish your degree? Why?
I would like to have the role of a Certified internal Auditor because just by adding just three or four letters following my name will make one powerful statement about the expertise I bring to the table. Ultimately, becoming certified will: * Help me earn credibility and respect in my field. * Open more opportunities for advancement. * Increase my earning potential * Prove my willingness to invest in my own development. * Demonstrate commitment to the profession. * Improve my internal audit skills and knowledge and build confidence.
Q3 Discussion question
What is corporate governance? Why is corporate governance important to organizations?
Corporate Governance- “the system of checks and balances, noth internal and external to companies, which ensures that companies discharge their accountability to all their stakeholders and act in a socially responsible way in all of their business activities”. (Solomon, 2013, p.7)
Corporate governance is important as it * Prevents organisational scandals * Enhances organisational reputatiol * Lowers cost of capital * Protect investors’ interest and promotes investors’ confidence…...

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