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How would your current or former employer benefit from the information and how does it apply to their business operations?

 Read Chapters 19 and 20 of our text. Identify an ACCOUNTING topic included with the assigned chapters and explain it to the class. How would your current or former employer benefit from the information and how does it apply to their business operations? Add examples and details to support your analysis and explanations.

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Why do you need to have a basic understanding of law when working in business? You need to understand enough about the law to make educated decisions to avoid risks and keep your business out of trouble. You need to understand your rights and the rights of your customers, employees, investors, your peers, and those of your vendors and suppliers—all within the context of Canadian law and sometimes international law. You also need to know how to leverage the law for the best business outcomes. This is particularly important in contract law. You need to understand your risks and potential impacts of contract clauses.

March 10, 2015 6:54 am
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