Birmingham City University

Studying Business as part of your course allows you to gain a firm understanding of the role of business in society and develop knowledge of the main functional areas; accounting, marketing and human resources through a creative mix of academic study, skills development and practical training. This can lead to a wide range of careers, but also allows focus on one functional area for more specific career prospects. Agency theory attempts to explain elements of organizational behaviour through an understanding of the relationship between principals and agents. According to agency theory there may be conflicts between the actions undertaken by agents in furtherance of their self interest and those required to promote the interests of the principals. Agency theory suggests that managers may seek to maximize their own benefit at the expense of shareholders.

Dynamic in nature : Corporate finance is dynamic in nature. It goes on changing according to the changes in environment, circumstances, times, etc. So, the finance manager must use new and innovative ideas for collecting and investing money He must use creativity while doing his job.

Sales: According to some SAP experts, Sales order is actually the first step of OTC process. After inquiry and quotation, once it’s gets created. Sales order can be created with reference of quotation or without reference. It does not make any accounting book entry and it does not make any change in General Ledger accounts. It is just a commitment to deliver goods to the customer. SO can be created with transaction code VA01.