IMR652 Management Of Business Records Assignment Sample UiTM Malaysia

The process for maintaining business records should be well documented. This includes all types of documentation, such as invoices or purchase orders that are related to your company’s transactions with other companies (i..e., customers). The best way to do this is through an electronic database system like an Excel spreadsheet on our website which will allow you complete access at any time from anywhere in the world without having to worry about missing deadlines because it allows updating via a web browser interface; just click the update button when something changes.

Another way to keep track of business records is through using an online bookkeeping service. This can be done by setting up a free account with an online bookkeeping service like FreshBooks. You will be able to track your expenses, and invoices, and even accept payments online through this service. It is important to note that there are many different ways to keep track of business records. The most important thing is to find a system that works for you and your company.

Overall, an effective system for business record-keeping is essential for any business. It will allow you to stay organized and on top of your finances. FreshBooks is a great option for small businesses that want to keep track of their records online. Excel spreadsheets are also a great option for businesses that want to have complete control over their records. No matter what system you choose, the most important thing is to be consistent with your record keeping. This will ensure that your records are accurate and up-to-date.

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IMR652 management of business records is a compulsory unit for students enrolled in the graduate diploma or master’s degree in information management and records. It aims to provide students with an understanding of the principles, practices, and procedures involved in managing business records. The unit also covers the development of records management policy and procedure manuals, as well as the implementation of these policies and procedures in an organization.

Assignment Activity 1: Explain business management, business records management and related terminologies.

Business management involves the planning, directing, and coordinating of the activities of an enterprise. It includes the development and implementation of plans and policies for the efficient and effective operation of the enterprise. Business records management is a process that enables organizations to manage their records in an efficient and organized manner. It encompasses all aspects of managing records, from their creation to their final disposition. 

There are a variety of terminologies associated with business management and records management. A few key terms include: 

  • Asset Management: The process of acquiring, maintaining, and disposing of assets to achieve specific objectives. 
  • Financial Management: The process of planning, organizing, controlling, and decision-making about financial resources. 
  • Human Resources Management: The process of managing the people who work in an organization, including their recruitment, training, development, and compensation.

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