- Information
- AI Chat
Basic business environment creative reviewer/summary.
This is my initial self made reviewer on the basic business environmen...
Course
Financial Accounting (AE 111)
199 Documents
Students shared 199 documents in this course
University
University of San Agustin
Academic year: 2019/2020
Uploaded by:
Anonymous Student
This document has been uploaded by a student, just like you, who decided to remain anonymous.
University of San AgustinRecommended for you
Students also viewed
Preview text
Created by operation of law Artificial being Accounting Entity Principle Has a separate juridical personality apart from the owners The events in the life business is the concern in the accounting processes.
BASIC
BUSINES
S
ENVIRO
NMENT
Business
Categories of Business
Activities
Financing – obtaining loan or securing credit
(creditors & suppliers)
Investing by the business entity, not investment
of the owners to the business
-Mostly buying and selling of long-term
assets such as PPE.
Operating – related to the generation of
revenues and incurrence of expenses
-Mostly from the normal course of the
business
Four Factors of Production
Natural resource Labor or human resource Capital Entrepreneurship
Business Types by
Legal Forms
Sole or Single
Proprietorship
Partnership
General
Limited
Corporations
Types of Businesses According to Size
Micro Enterprises: Assets before financing of P3 Million or less Employ not more than 9 workers Small Enterprises Assets before financing of above P3 Million to P15 Million Employ 10 to 99 workers Medium Enterprises Assets before financing of above P15 Million to P100 Million Employ 100 to 199 workers
Business Types by Revenue-
Generating Activities
Service
Merchandising or Trading
Wholesale – Sells to
resellers
Retail – Sells to ultimate
consumers
Manufacturing
Hybrid
Was this document helpful?
Basic business environment creative reviewer/summary.
Course: Financial Accounting (AE 111)
199 Documents
Students shared 199 documents in this course
University: University of San Agustin
Was this document helpful?
Created by operation of law
Artificial being
Accounting Entity Principle
Has a separate juridical personality apart from the owners
The events in the life business is the concern in the accounting processes.
BASIC
BUSINES
S
ENVIRO
NMENT
Business
Categories of Business
Activities
Financing – obtaining loan or securing credit
(creditors & suppliers)
Investing by the business entity, not investment
of the owners to the business
-Mostly buying and selling of long-term
assets such as PPE.
Operating – related to the generation of
revenues and incurrence of expenses
-Mostly from the normal course of the
business
Four Factors of Production
Natural resource
Labor or human resource
Capital
Entrepreneurship
Business Types by
Legal Forms
Sole or Single
Proprietorship
Partnership
General
Limited
Corporations
Types of Businesses According to Size
Micro Enterprises:
Assets before financing of P3.0 Million or less
Employ not more than 9 workers
Small Enterprises
Assets before financing of above P3.0 Million to
P15.0 Million
Employ 10 to 99 workers
Medium Enterprises
Assets before financing of above P15.0 Million to
P100.0 Million
Employ 100 to 199 workers
Business Types by Revenue-
Generating Activities
Service
Merchandising or Trading
Wholesale – Sells to
resellers
Retail – Sells to ultimate
consumers
Manufacturing
Hybrid
