This few documents summarizes most of the whole enterprise and digital part of the BSCI112 module. This documents do not summarize all of the LAW department of this module.
BSCI 111 - Enterprise:
Study Unit 1 :
Role of the finance function
On completion of this study unit you should be able to:
Discuss the roles of the finance function in organisations;
Explain how the finance function enables the creation and preservation
of value;
Discuss and explain how the finance function shapes the creation and
preservation of value;
Discuss and explain how the finance function narrates the creation and
preservation of value.
,2. The contexts that organisations operate in:
2.1 Background:
Context in which organisations(org) operate in:
- Type of organisation.
- Which business sector the organisation is in.
- Mission , vision and objectives of org.
- Digital world and business environment.
Context in which organisations operate are dynamic and fast changing.
2.2 Business sectors and types of organisations:
Organisations: A social arrangement which pursues collective goals, which controls
its own performance and which has a boundary( can be physical or social)
separating it from its environment.
Private sector org.: Also called businesses, are owned and operated by private
individuals or institutions.
Public sector org.: Usually owned by State.
2.2.1 Types of private sector org.
Type of org. Description
1. Profit - seeking org. Purpose is to make profit for org.
Sole traders or partnerships:
Law does not distinguish(tell
apart) between the assets,
liabilities of owners and those of
enterprise.
Have unlimited liabilities for the
debts of their businesses.
Companies :
Limited liability for the debts of
the org.
Owners purchase shares , to
provide capital that is used to
, repay debts.
Shares of a public company can
be traded publicly, but shares of
a private company can only be
traded privately.
Multinational corporations ( MNCs) Companies that have developed
the size and capacity to produce
in more than one country, either
controlling or owning a foreign
subsidiary.
Large or small
Example – Petrol companies.
Not for profit organisations Charities and unincorporated
clubs ; government departments
and services
Generating returns for owners is
not the main purpose.
Mutual organisations Special type of not for profit org.
Commercial operations owned by
their customers.
Customers benefit both from the
services the mutuals provide so
them and from the trading
surplus they make by doing so.
2.2.2 Public sector org.
- Objective is to make good use of the public money and deliver goods and services
cost – effectively to the public.
- Responsible to government for their activities, and their purpose are defined in the
laws that establish them.
- They have little control over their income , because they depend on the government
for the funds they need to operate.
2.2.3 Non-governmental organisations ( NGOs) :
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller anjevanpletzen. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R250,00. You're not tied to anything after your purchase.
