• Home
  • Study Resources
    • group1
      • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
        • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
    • group2
      • Research
        • DBA Thesis
        • Dissertation Undergraduate
        • Dissertation Postgraduate
        • M.Phil / P.H.D Thesis
    • group3
      • Research Proposal
        • DBA Research Proposal
        • Proposal for Undergraduate
        • Proposal for Postgraduate
        • M.Phil / P.H.D Proposal
    • group4
      • Others
        • HND in Business
        • HND in Education
        • HND in health / social care
        • Knowledge Management
  • Blog
  • About Us
  • Contact Us
    • RegisterLogin
    • GET STARTED
Global Coursework
  • Home
  • Study Resources
    • group1
      • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
        • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
    • group2
      • Research
        • DBA Thesis
        • Dissertation Undergraduate
        • Dissertation Postgraduate
        • M.Phil / P.H.D Thesis
    • group3
      • Research Proposal
        • DBA Research Proposal
        • Proposal for Undergraduate
        • Proposal for Postgraduate
        • M.Phil / P.H.D Proposal
    • group4
      • Others
        • HND in Business
        • HND in Education
        • HND in health / social care
        • Knowledge Management
  • Blog
  • About Us
  • Contact Us
  • RegisterLogin
  • GET STARTED

Accounting & Finance

Global Coursework has huge resources and study materials for students across the world. It has now over 10 millions documents
  • Home
  • Blog
  • Accounting & Finance
  • Unit 2 Managing Financial Resources _HND in Business (GC01322)
Unit 2 Managing Financial Resources _HND in Business

Unit 2 Managing Financial Resources _HND in Business (GC01322)

  • Categories Accounting & Finance
  • Comments 0 comment

Introduction

This paper conducts a report on financial resources for an organization called Clairton Antiques. This is an incorporated organization. The main goods of this organization are traditional goods. It is nowadays working in London, however in Birmingham, searching onward to establish a new office. To start its firm, the industry desires £500,000 money. It is considering raising this asset by getting advances from creditors or any other income. The organization is also considering going public or stock exchange to accomplish this stock. This assignment firstly describes different resources of economics for unincorporated as well as corporate organizations. After that, the submission of diverse possessions of economics is designated. Then, the feasible possessions of funds for Clariton are clarified. Secondly, two possessions of funds for Clariton are designated with their power on the tariff, dividends or share. Furthermore, the consequence of monetary development is termed with the situation of financial planning, inferences of catastrophe to economics adequately, over dealing.

Task 1

1.1 Identify the sources of finance available to: a) unincorporated business; and b) incorporated business.

Sources of finance for an unincorporated business

According to (Elliott and Elliott, 2014), the main financial sources of an unincorporated business are retained benefit, personal saving, and sales of resources, operating capital, getting additional associates loan and credit looking for from investor, funding from relatives or family.

Personal saving: It is an essential resource of economics. From unincorporated organizations or other resources, the possessor saves cash. He can invest or apply in the unincorporated organizations to develop an act. As Elliott and Elliott (2014) notes, the possessors of unincorporated can use or save in the organization.

Retained profit: the profit which is taken from the business operations are called retained earnings. The business owners take the decision to take out this money from the business and to invest in another part of the business operation (Elliott and Elliott, 2014).

Working capital: this the capital which comes from the business’s day-to-day operations. This capital is used to conduct the business daily works. For example, this source of finance a business can use for paying employee salaries and electricity bills.

Sales of assets: a business can decide to sell its asset. The asset selling can be of selling business properties, buildings, and others. It can be used to invest in business operations. However, the business should think about it deeply before selling the assets. This is because the selling of assets may impact business performance (Elliott and Elliott, 2014).

Loans, overdraft and credit-seeking: a business can look for long or short-term loans or credit cards, or overdrafts from the lenders like banks. These sources of finance can be contracted based on interest and payment conditions. These sources of finance can be used for business extension, business maximizations, and business operations.

Funds from family members and relatives: when the business needs any funds, the owner of the business can look for funds from the relatives and family members. In this case, the owner of the business can do a contract following the terms and conditions of the funds uses and profit or interest payment.

Additional partners: the owners of businesses can also look for business partners if they face difficulties in sourcing their finances. In this case, the business owner conducts a deal with the partners (Elliott and Elliott, 2014).

Sources of finance for incorporated business

Retained profit: the profit which is taken from the business operations are called retained earnings. The business owners take the decision to take out this money from the business and to invest in another part of the business operation (Elliott and Elliott, 2014).

Working capital: this the capital which comes from the business’s day-to-day operations. This capital is used to conduct the business daily works. For example, this source of finance a business can use for paying employee salaries and electricity bills.

Sales of assets: a business can decide to sell its asset. The asset selling can be of selling business properties, buildings, and others. It can be used to invest in business operations. However, the business should think about it deeply before selling the assets. This is because the selling of assets may impact business performance (Elliott and Elliott, 2014).

Loans, overdraft and credit-seeking: a business can look for long or short-term loans or credit cards, or overdrafts from the lenders like banks. These sources of finance can be contracted based on interest and payment conditions. These sources of finance can be used for business extension, business maximizations, and business operations.

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

Full Documents Click Download Button

Free – Download Checkout Added to cart

  • Share:
author avatar
hossain420

Previous post

Unit 2 Managing Financial Resources_ HND in Business (GC01321)

Next post

Unit 27 Understanding Health and Safety in the Business Workplace (GC01292)

You may also like

Unit 2 Managing Financial Resources_ HND in Business
Unit 2 Managing Financial Resources_ HND in Business (GC01321)
14 February, 2021
Unit 2 Managing Financial Resources and Decisions Assignment Help
Unit 2 Managing Financial Resources and Decisions Assignment Help (GC01318)
14 February, 2021
Unit 2 Managing Financial Resources Assignment_ Clariton Antiques Ltd
Unit 2 Managing Financial Resources Assignment_ Clariton Antiques Ltd (GC01317)
14 February, 2021

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Treading Quarry

    Unit 1 The Business Environment M&S and NHS Assignment Help
    Unit 1 The Business Environment M&S and NHS Assignment Help (GC01304)
    15Feb2021
    Unit 16: Managing Communications, Knowledge and Information
    Unit 16: Managing Communications, Knowledge and Information (GC015)
    04Feb2020
    Strategic Macro-Environmental Factor Analysis
    Strategic Macro-Environmental Factor Analysis (GC012)
    04Feb2020
    Three Types of Economies and Economic Problem of Scarcity
    Three Types of Economies and Economic Problem of Scarcity (GC011)
    04Feb2020
    Unit 16: Managing Communications, Knowledge & Information
    Unit 16: Managing Communications, Knowledge & Information (GC010)
    04Feb2020
    Managing Communications, Knowledge & Information
    Managing Communications, Knowledge & Information (GC009)
    04Feb2020
    The Macro Environment And Business
    The Macro Environment And Business (GC005)
    04Feb2020
    Significance of Micro-Environment And the Context of Economics
    Significance of Micro-Environment And the Context of Economics (GC004)
    04Feb2020
    Briefly Describe the Term Macro Economics
    Briefly Describe the Term Macro Economics (GC003)
    04Feb2020
    HND in Nursing: Group Clinical Supervision
    HND in Nursing: Group Clinical Supervision (GC002)
    04Feb2020

    Register

    Are you a member? Login now

    Sign up for Newsletter

    Our Main Categories

    • Business
    • DBA Research Proposal
    • Research Proposal
    • Research
    • Blog

    Get To Know Us

    • Home
    • Privacy
    • Terms
    • About Us
    • Contact Us

    Contact Us

    • support@globalcoursework.com
    • +44(0)7805072437
    • 56B Bigland Street, London, E1 2ND UK.
    Facebook-f
    Twitter
    Linkedin-in
    Youtube

    Global Coursework all Copyright Reserved @2020

    • Home
    • Privacy
    • Terms
    • About Us
    • Contact Us
    No apps configured. Please contact your administrator.

    Login with your site account

    No apps configured. Please contact your administrator.

    Lost your password?

    Not a member yet? Register now

    Register a new account

    Are you a member? Login now