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Legal Factors Affecting Business

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  T A S K - 2  ·          What is Organizational Law? The law on business organization takes into consideration all the ways in which a company can be legally incorporated. A business can be: ü   A partnership ü   An Association ü   A Limited Liability Company ü   A Corporation Among others. Each type of business organization has advantages and disadvantages in terms of tax, management and liability. That is why each one must satisfy certain functions in addition to considerate such aspects as the allocation of authority and the distribution of profits among the participants. Another important function is taking care about property rights among the creditors of the owners and managers of the company.   ·          What does Employment Law refer to? The law explains in detail the proper and regulated manner in which a worker and an employer...
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Q&A - Accounting

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T A S K - 1  ✒  Why do you think accounting is seen as boring? Explain. To be honest, when I started watching the vocabulary video about this topic, it crossed my mind that I have said several times that I would never be an accountant, as I considered it a very boring job and that it was not for me. With this text my perspective has changed.... Answering the question, the reason why this area is seen as boring and tedious is that in Mexico it is common for teenagers to opt for a career that has nothing to do with numbers, since it is not something they enjoy and do well in school, in this article it says: "In Mexico, 70% of students have failed math". https://www.excelsior.com.mx/nacional/en-mexico-70-de-estudiantes-ha-reprobado-matematicas/1248182 I have taken the Accounting course since high school, they taught me from NOM and all the legal aspects to understand, as well as the different accounts to elaborate the financial statements, I thought it was mos...
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INTEGRATED BUSINESS PLANNING (IBP)

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 T A S K - 1  What is “Integrated Business Planning” (IBP)? It is a strategy , which helps to efficiently optimize each level and area of a company, by connecting the planning functions of each department, with the main objective of providing the best strategy to impact the financial results of the organization. It helps in areas such as: ·          Sales ·          Operations ·          To help each department to make informed decisions.   What is “Sales and Operations Planning” (S&OP)? It is a process , the objective of S&OP is to provide better customer service , help the organization to have lower inventory, as well as help in delivery by having shorter lead times and stable production rates. It provides: ·          A better control of the management of the company in ge...
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