Accounting Principles Flashcards
1
Q
What are the advantages & Disadvantages of business types
A
Liability, risk, ease of accounting
2
Q
What is SWOT analysis
A
strengths
weakness
opportunity
threat
3
Q
What is financial benchmarking
A
Looks at specific areas such as gearing ratios, liquidity and debtors to assess the strength of a company
4
Q
How can a company have different plans at the same time
A
One overall plan which is supplemented by smaller ones spread across different departments/individuals
