Question

In: Accounting

Create a 2 page analyses on the relevant Financial Regulations relevant to a spa business or...

Create a 2 page analyses on the relevant Financial Regulations relevant to a spa business or your job.

Solutions

Expert Solution

Financial regulations are such defined rules and regulations which are mostly applied on Financial Institutions. The power of handling financial regulations can either be given to government or non government organisations. The Financial Institutions can be government or non government.

Financial regulations is also a type of supervision which are basically put on Institutions which implements certain restrictions and requires guidelines to be followed which in turn brings integrity to the financial system.

Financing of any company/business is its score requirement and this part is government governed by implementing regulations known as financial regulations. Financial regulations have brought finance law and other laws which are used in market practices.

Spa business does not much requires financial regulation as this business does not mainly deals with finance. But still applying financial regulations on spa business will bring integrity in its financial statements.


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