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This report will give a greater understanding of the information needs of a business I will be looking at the - Material Flow and Information FlowFor this I will be using Bathtoys Ltd to give an example of what information is required for the annual report10 Overview of Communication in BusinessA business has to have a defined flow of information either internal or external to the business In addition the business needs to be co-ordinated so that the right people get the correct information and at the right time for the profitability of the company The information within the company needs to be collected to show the shareholders and Companies House the government what the company has been up to over the year since the last annual report20 What information needs to be StoredFor the annual report you need to collect information over the year and summaries the information for the report This report will inform the shareholders and the government were the managing director has guided the company over the past year It will show were the management has spent money and were money has come in to the company This is the type of data the company needs to collect were it comes from and the reason it is collected - The finance department needs information on what money is in the bank now this information comes from the bank it will indicate the viability of the company The finance department also needs to know what the financial situation was the same time last year this information comes from the annual report made the previous year it will show if the company made more profit over this year This indicating the strength of the company The sales department collects information on the money coming in from sales of the plastic ducks this information is taken from the sale of the ducks which has been stored on computer over the past year This method
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