Accounting and Finance

Financial record keeping of transactions involving monetary inflows or outflows.

• Financial record keeping of transactions involving monetary inflows or outflows.
• Preparing financial statements (the income statement⁶⁰, balance sheet⁶¹ and cash flow statement⁶²) for reporting to external parties such as shareholders. The financial statements are also the starting point for calculating any tax due on business profits.
• Payroll administration Paying wages and salaries and maintaining appropriate income tax and national insurance records.
• Preparing management accounting information and analysis to help managers to plan, control and make decisions.