A86012ManagementandPrinciplesofAccoun:ng(2017/2018)

Session4ReviewSession

PaulG.SmithB.A.,F.C.A

SESSIONOBJECTIVES&OVERVIEW

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CourseOverview1.Whatisbusiness 14.Accoun:ngglossary

2.Typesofbusiness 15.Introduc:ontofinancialaccoun:ng

3.Management 16.Accoun:ngforbusinesstransac:ons

4.Reviewsession1 17.Recordingtransac:ons,journalandledger

5.Marke:ng 18.Recordingowner’scontribu:ons&financing

6.Marke:ngstrategy 19.Reviewsession

7.Reviewsession2 20.Recordinglong-livedassetsandinvestments

8.Opera:ons 21.Recordingpurchases

9.Finance 22.Reviewsession

10.Financialmanagement 23.Recordingsalesandemployeecompensa:on

11.Humanresources 24.Adjus:ngandclosingentries

12.Reviewsession 25.Adjus:ngandclosingentries…con:nued

13.Exam 26.Casesandexercises

27.Exam3A86012ManagementandPrinciplesof

Accoun:ng

PGS

SG

PT

SessionObjec:vesAttheendofthissessionstudentswillhaveconsolidatedtheirunderstandingofwhatabusinessis;theimportanceofbusinessethicsandcorporatesocialresponsibilityinaninterna9onalmarketeconomy.Studentswillalsobeabletoar9culatethedifferentop9onsfororganizingabusinessandappreciatetheadvantages/disadvantagesofthese.Theywillalsobeabletoar9culatewhataBusinessPlanshouldcontain.Attheendofthissessionstudentswillalsohaveconsolidatedtheirabilitytodescribethekeyfunc9onsofmanagementandtheskillsandcompetenciesrequired,theirapprecia9onoftheimportanceoforganiza9onalculture,organiza9onalstructuresandcorporategovernance.Theywillbeabletoar9culatethedifferencebetweenstrategicplans,businessplansandbudgetsthedis9nc9onbetweenvisionorpurposeandmissionandobjec9ves.

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OverviewofSession4

•  ReviewassignmentsEurope’sTopCompanies–  Researchassignment1

•  Businessandbusinessmodelandloca:ons•  SustainabilityandCorporateSocialResponsibility

–  Researchassignment2•  Imaginarystartupbusiness•  BusinessPlanOutline

–  ResearchAssignment3•  Organiza:on,management&governance•  Purpose,vision,values,missionandstrategy

– Ac:veReviewCardsChapters1-7

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Session4OverviewMins

Sessionobjec:vesandoutline 5

Recapofkeypointsfromsession3–Management 10

Researchassignment1–Europe’sTopCompanies:•  Businessandbusinessmodel•  SustainabilityandCorporateSocialResponsibility

25

Researchassignment2–BusinessPlanoutline 25

ResearchAssignment3–Europe’sTopCompanies•  Organiza:on,management&strategy•  Purpose,vision,values,missionandstrategy

25

Ac:vereviewcards–Chapters1-7 30

Requiredreadingandresearch 5

Overviewofsession5-Marke:ng 5

Summaryandvalida:on 5

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RECAPOFSESSION3-MANAGEMENT

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Session3Recap•  Whatarethefunc:onsofmanagement?Describethese

•  Whatarethedifferentlevelsofmanagementandhowdotheydiffer?

•  Whatarethedifferentwaysinwhichthemanagementfunc:oncanbeorganized?

•  Whatisthedifferencebetweenastrategicplan,abusinessplanandabudget?

•  WhatisthedifferencebetweenVision,purposeandmission?

•  WhatisCorporateGovernanceandwhyisthisnecessary?

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RESEARCHASSIGNMENT1

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ResearchAssignment1–Europe’sTopCompanies

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1.  BusinessandBusinessModel2.SustainabilityandCorporateSocialResponsibility

RESEARCHASSIGNMENT2

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ResearchAssignment2

A86012ManagementandPrinciplesofAccoun:ng 12

BusinessPlanOutline

BusinessPlanSupport

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Big4

Banks Others

RESEARCHASSIGNMENT3

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ResearchAssignment3–Europe’sTopCompanies

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1.  Organiza:on,Management&Governance

2.Purpose,Vision,Values,Mission&Strategy

ACTIVEREVIEWCARDS

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Ac:veReviewCards

•  Chapter1TheDynamicsofBusinessandEconomics•  Chapter2BusinessEthicsandSocialResponsibility•  Chapter3BusinessinaBorderlessWorld•  Chapter4Op:onsforOrganizingBusiness•  Chapter5SmallBusiness,EntrepreneurshipandFranchising

•  Chapter6TheNatureofManagement•  Chapter7Organiza:on,TeamworkandCommunica:on

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REQUIREDREADINGANDRESEARCHASSIGNMENTS

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RequiredReadingandresearchassignments

•  Reading–  MBusiness

•  Chapters1–7•  Exercises

–  MBusiness•  TestBankQues:onsChapters1-7•  Ac:veReviewCardsChapters1-7

•  ResearchAssignments–  1.BusinessandBusinessModel–  1.SustainabilityandCorporateSocialResponsibility(CSR)–  2.BusinessPlanOutline–  3.Organiza:on,ManagementandGovernanceStructure3.Purpose,vision,values,missionandstrategy

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OverviewSession5-Marke:ng

•  Thenatureofmarke:ng–thefunc:onsofmarke:ng,crea:ngvalue,themarke:ngconcept

•  Developingamarke:ngstrategy–targetmarket,marke:ngmix

•  Marke:ngresearchandinforma:onsystems•  Buyingbehaviour-Psychologicalvariables,socialvariables

•  Themarke:ngenvironment•  Themarke:ngplan

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SESSIONSUMMARYANDVALIDATION,OVERVIEWSESSION4

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Sessionsummary

•  BusinessandBusinessModels•  SustainabilityandCorporateSocialResponsibility

•  BusinessPlanOutline•  Organiza:on,Management&Governance•  Purpose,Vision,Values,MissionandStrategy•  Ac:veReviewCardsChapters1-7

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