Monthly Archives: August 2015
Financial Transaction in accounting
Posted by Peter Baskerville in Aug, 2015
What is a financial transaction in accounting? In accounting, a financial transaction in accounting is an event that impacts on the monetary value of an asset, a liability, or the owner’s equity of a business and causes it to change. A financial transaction is characterized by the monetary impact it has on the financial statements […]
Category: BSBFIA301
Project Life Cycle
Posted by Philip Baskerville in Aug, 2015
What is the Project Life Cycle? The project life cycle is the full range of tasks required to deliver a project. Typically, this is seen to be done over four phases. Phases of the project life cycle The phases of a project life cycle are: initiation planning execution closure Each phase has many associated activities. Monitoring […]
Business Performance Measures
Posted by Matt F Champion in Aug, 2015
What are Business Performance Measures? Business performance measures are a set of quantifiable metrics taken from various sources that together with an appropriate analytical process, allows the management of a business to track and assess the current status of a specific business, project or process. Business performance measures may be compared with pre-set goals and […]
Category: BSBSMB405
Business Contingency Plan
Posted by Flora Bouton in Aug, 2015
What is a Business contingency plan? A contingency plan is developed within the broader risk management plan and details a pre-researched course of action for management and staff to follow in an emergency or when an organization experiences an unexpected event that has the potential to affect the financial position, business image or market share […]
Category: BSBSMB406
Marketing Codes of practice
Posted by Nathaniel Dalgleish in Aug, 2015
What are Marketing Codes of practice? A code of practice is a set of written rules that explain how people working in a particular profession should behave. Marketing codes of practice, as defined by the ADMA (Association for data-driven marketing & advertising), are a set of standards of conduct for marketers to minimise the risk […]
Category: BSBMKG502
Pricing Policy for business
Posted by Matthew Caelli in Aug, 2015
What is a Pricing Policy for business? A Pricing policy is a series of principles and procedures by which a company determines how it sets and manages the prices of its goods or services. What is the purpose of developing a pricing policy for business? A pricing policy Is developed with the purpose ensuring uniformity […]
Category: BSBMKG502
Debits and Credits
Posted by Peter Baskerville in Aug, 2015
Read Peter Baskerville‘s answer to Does debit mean what I’m getting and credit mean what I’m losing in accounting? on Quora