Accounting is an information system that measures, processes and communicates financial information about an economic entity. Accounting is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character, and interpreting the results thereof. Types of Business Type Activity Structure Examples Service Selling peoples time Hiring skilled staff -Software development and selling their -Accounting time. -Legal Services
Trader Buying and Selling Buying a range of raw -Wholesaler
materials and Products manufactured goods and -Retailer consolidating them, making them available for sale in locations near to their customers or online for delivery. Manufacturer Designing products, Taking raw materials -Vehicle Assembly aggregating and using equipment -Construction components and and staff to convert -Engineering assembling finished them into finished -Electricity products. goods. -Food and Drink -Chemicals -Media Types of Business Types Activity Structure Examples Raw materials Growing or extracting Buying blocks of land -Farming raw materials and using them to -Mining provide raw materials -Oil Infrastructure Selling the utilization Buying and operating -Transport (airport of infrastructure assets (typically large operator, airlines, trains, assets); selling ferries, buses) occupancy often in -Hotels combination with -Telecoms -Sports Facilities services. -Property management Financial Receiving deposits, Accepting cash from -Bank depositors and paying lending and them interest; charging -Investment House investing money fees. Insurance Pooling premiums Collecting cash from Insurance many customers; of many to meet investing the money to claims of a few pay the losses experienced by a few customers. Forms of Business Organizations 1. Sole Proprietorship - has a single owner called the proprietor who generally is also the manager. 2. Partnership - owned and operated by two or more persons who bind themselves to contribute money, property or industry to a common fund, with the intention of dividing the profits among themselves. Forms of Business Organizations 3. Corporation - a business owned by its stockholders. An artificial being created by operation of law, having the rights of succession and the powers, attributes and properties expressly authorized by law or incident to its existence. Activities in Business Organizations Financing Activities Investing Activities Operating Activities
(Bible in History - La Bible Dans L'histoire 8) John T. Willis - Yahweh and Moses in Conflict - The Role of Exodus 4-24-26 in The Book of Exodus-Peter Lang International Academic Publishers (2010)