Business Finance Homework Help

1. Make a PowerPoint to explain the following topic

Expenses:

?  Clarify the term expense

?  Outline some examples of expenses

?  Explain why businesses need expenses to operate (use a business example) 

2. Outcomes Assessed:

K1.  the nature and functions of financial accounting

K2.  recording processes and the different needs that various businesses and stakeholders have for accounting services

K3.  the nature, components and structure of financial statements and reports

K4.  the use of accounting principles

U1.  the nature of accounting and its use in business and societ

U2.  the language and terminology used by accountants

S1.  apply basic accounting methods and procedures appropriately

S2.  correctly record and classify accounting data to prepare appropriate financial reports

S3.  apply mathematical concepts appropriately in business situations