Text Assignment #25
1. What bookkeeping and accounting system have you chosen and why?
2. What control information does it produce and with what frequency?
3. Who will keep the books and produce the accounts?
4. What will your basic business ratios be if you achieve your financial objectives?
5. How do those ratios compare with those of either a competitor or your current organization?
6. What would you consider changing as a result of carrying out your ratio analysis (for example, collect money in faster, carry less stock)?
Text Assignment #26
1. Describe your records for monitoring sales activities.
2. Draw up a customer record card for your business, or show your existing one.
3. What other marketing records do you plan to keep, eg for advertising costs and results?
Comments