• Home
  • Subjects
  • Finance & Accounting
  • Based on the above statement. discuss and critically evaluate the conceptual Business Model framework with reference to structur

Based on the above statement. discuss and critically evaluate the conceptual Business Model framework with reference to structur - Essay Example

Extract of sample
Based on the above statement. discuss and critically evaluate the conceptual Business Model framework with reference to structur

Success in this case is not only valued in the amount of money that a business is able to make but is based on whether the organization is able to achieve all the objectives it had set out for itself at the beginning of the business. For example, a Non Profit organization does not focus on increasing their profit margin but have other objectives on hand (mainly to do with helping others) and it is by achieving these objectives that they consider themselves successful. A business model will determine the structure and purpose of an organization as well as how that organization will evaluate itself. The model is chosen at the beginning of the formation of the business and will determine how a business will proceed henceforth in attaining the objectives that it has set out for itself (Pike & Neale, 2003). The type of business will depend on the ambition of the organization and what they hope to achieve by setting up the business (Spencer, 2000).. ...
Download paper

Summary

Instructor Date Business Models and Relating Conceptions Businesses have been in existence for centuries ever since the evolution of man and have developed into more complex and detailed forms as time has progressed. They have developed from the simple buying and selling of various goods and services to have a variety of goals and ambitions depending on the type of business that is being conducted by the various companies present in the market today (Pike & Neale, 2003)…
Author : raul46
Download 1

Related Essays

Conceptual Framework: Financial Reporting
The Conceptual Framework for Financial Accounting Accounting is at the core of business finance, and with the dynamic developments of the global economics, this subject has also become a key area of research and analysis. In this situation, even the most basic accounting concepts like assets, liabilities, revenue, debt, etc. are of critical importance. Terms based on the accounting concepts need to be refined, and if necessary, redefined to suite the requirements of modern financial accounting. FASB has declared 7 pronouncements (6 of which are extant) termed as Statements of Financial...
4 pages (1004 words) Essay
developing a conceptual framework is an impossible possibility
It fixes a standard of financial accounting which, when followed, ensures consistency in the financial statements of different companies. The financial statements of different companies must be able to satisfy the needs of a variety of users who mostly want to compare one company with another. When a standard is followed by all the companies, the financial statements become reliable for the users as they can safely compare all the companies and make important financial decisions. Accounting, therefore, entails a statement of accepted accounting rules. These rules form the structure of...
7 pages (1757 words) Essay
developing a conceptual framework is an impossible possibility
There have been increasing efforts towards formation of standardized approaches in accounting, in what may be explained to be an accounting conceptual framework. The standardized approach in accounting aims to offering a holistic and uniformed approach in which all accounting problems can be handled. Moreover, such standards help in ensuring ethics and morality in accounting discipline considering that fraud and dishonesty are the main vices affecting the economic discipline as people undertake such economic roles with selfish interests, eroding the integrity of such a profession. Knowledge...
7 pages (1757 words) Essay
Developing a conceptual framework is an impossible possibility
Conceptual frameworks have been constantly changed from them. However, individual organizations have come up with their own conceptual frameworks that suit specific organizational needs. A conceptual framework provides an over view of how things should be done in an organization. It is a coherent system of related objectives and fundamentals that should lead to consistent standards that prescribe the nature, function, and limits of financial accounting and financial statements.” (Foulks Lynch 1998) A conceptual framework development takes time. The worst part is that once it is ready, hardly...
6 pages (1506 words) Essay
Britvic plc's 2011 annual report,1)Critically evaluate the information contained in the Chairman's Statement
The statement explains the company’s progress in terms of its profits and that it has grown by about 80% for the past six years. According to his statement and the financial report, the company has made a record of both revenue and volume growth in 2011 in the international market (Gibson 201). This growth is evident in the French and an international territory which contributes to the company’s overall growth of about 4.3%. This growth brings the company to the current 138.1 million Euros. This is quite true as the growth in profits and revenue can be used to evaluate the progress of the...
4 pages (1004 words) Essay
Developing a conceptual framework is an impossible possibility
It works on the determining the basis of theoretical theories, measurement of transactions (e.g. historical value) and their reporting lines to their end users (SA, 2011). Historical View in Conceptual Framework: The sophistication and excessive increase in businesses and accounting disclosures gave birth to the rules and regulations in accounting standards. A generalised approach was established to process the consistency, standardisation and accuracy of accounts based on reporting framework (Archer, 1993). The establishment of accounting framework board was to standardise the accounting...
8 pages (2008 words) Essay
Conceptual Framework
The IASB want to ensure that equity has first priority to common stock insolvency or liquidation. This is because in business, liability is the duty of an entity that emerge from past or previous events or transactions, the settlement that may lead to the use or transfer of assets, service provision or any other yielding profits or benefits in the future. It is also significant to note that liability differs from equity in the sense that any kind of borrowing from banks or individuals for enhancing a personal income or business, which is payable during both the long and short-term period...
5 pages (1255 words) Assignment
Got a tricky question? Receive an answer from students like you! Try us!