Candidates are required to apply their understanding to a variety of simple business situations and should be able to make simple decisions based upon the analysis and evaluation of information provided.
|Business finance: needs and sources||The need for business finance;|
The main sources of finance,
|Cash-flow forecasting and working capital||The importance of cash and of cash-flow forecasting;|
|Income statements||What profit is and why it is important;|
|Statement of financial position||The main elements of a statement of financial position;|
Interpret a simple statement of financial position and make deductions from it.
|Analysis of accounts||Profitability;|
How to interpret the financial performance of a business by calculating and analysing profitability ratios and liquidity ratios;
Why and how accounts are used.