BA02 BSHM

It is an organization in which basic resources (inputs), such

as materials and labor, are assembled and processed to provide goods

or services (outputs) to customers

• Merchandising

• Business

• Accounting

• Manufacturing

They are likewise a user of a company’s financial statement. and the main purpose of it is to regulate the businesses in the economy.

• PUBLIC

• ACADEME

• GOVERNMENT

• CREDITORS

(a)   is an intangible asset (no physical form) asset evidencing a proportionate share in the properties of a corporation.

A form of business organization that are people-centered enterprises owned, controlled and run by and for their members to realize their common economic, social, and cultural needs and aspirations.

• Cooperatives

• Corporation

• Sole Proprietorship

• Partnership

They are the main source of income o businesses

• Creditors

• Investors

• Government

• Customer

It provides quantitative information,

primarily financial in nature, about economic entities, that is intended

to be useful in making economic decision.

• Financial Report

• Auditing

• Accounting

• Marketing

(a)   is writing down of business transaction in chronologically in the books of account as they transpire.

(a)   is preparing the financial statements from the transactions recorded in the books of account that are designed to meet the information needs of its users.

They do not have authority to implement decisions

• Employees

• Investors

• Board of Directors

• Managers

(a)   are the owners of the corporation.