For executing a project, implementing a scheme, or for undertaking an operation, there is a general need for finances to start and endeavor and to further develop it. Finances are the roots of every business activity. Every business decision, whether it relates to production, personnel or marketing, will have a financial implication. The final criterion for the selection of any alternative course is its financial viability. When students are on an optional placement in the UK or overseas or studying abroad, they will be required to cover their own transport and accommodation and meals costs. Placements can range from a few weeks to a full year if students choose to undertake an optional sandwich year in industry.
Integral or integrated accounting. Integral or integrated accounting is when cost and financial transactions are unified. In integral or integrated accounting, cost and financial transactions are not kept separate. Instead, they are together recorded in one set of account books.