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Financial Accounting II

01 / 10 / 2021 Assignment

This paper circulates around the core theme of Financial Accounting II together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

You run a financial consultancy firm (for which you should provide a name) and you have been approached to advise clients, some of whom are new prospective clients who have just retired from their employment after a long service. They have retired with a lump sum of money and are planning to start a business they can own or control.
The clients do not know the types of business entities available, neither do they have an idea of the type of business  they want to initiate. 
As a consultant, you are required to write a report to be delivered by your firm to these clients explaining the following issues below:
•Discuss and explain the different forms of business units(sole proprietorship, partnership, limited company) available, highlighting the benefits and limitations of each.                                                                                       
•Discuss and explain financial accounting and management accounting terms, highlighting the differences between the two strands of accounting    .                                                            
•Assuming that you have not been given any information about the funds the couple have available.   You are required to explain the sources of finance available to a business owner, looking at Short-term sources and Medium-term sources,give at  two examples of each.         

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