1.f you are a business advisor, how do you identify appropriate authorities and sources for information for the organization you are working for?
2.What is involved in assessing the client needs? How it assists a business advisor to meet the client’s goals?
3.Imagine you are a business advisor and Ms Robertson; a client has come seeking your advice in opening a restaurant as a sole trader or company. What would you advise regarding the client’s specific legal and financial requirements in terms of establishing, structuring and financing a business?
4.List the three main forms of business organizations and describe their advantages and disadvantages. If your client Ms Robertson is considering starting up a business of beauty salon, what type of business structure (sole trader, partnership or company etc) will you suggest? Give reasons in brief. (Must consider sources of finance as well)
5.List the key legal obligations that Ms Robertson will have when she becomes a business owner, regardless of the option he chooses. (This list could be in the form of a checklist which will assist him in complying with the requirements of the legislations.)
6.As Ms Robertson has reached a decision on the business structure she wishes to adopt, you are now required to provide your client with a business plan. List key information/ or elements you will include on the business plan.
7.Due to changes in internal and external factors, the needs of your client may also change. How will you ensure that you are meeting the changing needs of your client?
8.Explain your client the reasons analyzing firm’s financial statement.
9.What is the reason for seeking feedback from the client? In what ways client feedback can be collected?
10.“Accounting is the language of business” and your client has hired you to assist her with financial advice and she has asked you to help her understand with the following questions:
I .Identify the reports that make up the published financial reports of a firm and describe them briefly.
II. Who are the users of the general-purpose financial statements? Give examples.
III .How can the advisors help to evaluate the financial performance of a business, specifically profitability, efficiency and financial stability? Give examples