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Unit 2: Managing Financial Resources and Decisions

Finance as a resource

Analyse the implications of finance as a resource within a business

Finance costs: tangible costs eg interest, dividends; opportunity costs eg loss of alternative
projects when using retained earnings; tax effects

Financial planning: the need to identify shortages and surpluses eg cash budgeting;
implications of failure to finance adequately, overtrading

Decision making: information needs of different decision makers
Accounting for finance: how different types of finance and their costs appear in the financial
statements of a business, the interaction of assets and liabilities on the balance sheet

Suggested Reading

Management of Finance

Accounting for Non-accounting Students

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Home - Units - News - Links - Articles - Handouts - Books - Discussion - Unit 1 - Unit 2 - Unit 3 - Unit 4 - Unit 5 - Unit 6 - Unit 7 - Unit 8

All content copyright 2007 - 2013

Finance Links

Cashflow
The Biz/ed guide to studying Cash Flow in Business.
Ratios
Ratio analysis of the accounts of Cameron Balloons.
Current Assets and Liabilities
Worksheet Current Assets and Liabilities

Books

Accounts Demystified - Buy it - A very good finance book covering a range of financial issues, including financial resources, sources of finance and measuring financial performance. Very useful for Unit 2. Buy it from amazon.co.uk.

HNC/HND Business Core Unit 2: Managing Financial Resources: Study Text (2000) - Buy it - Part of the HNC/HND business series, this text on managing finance and information features a blend of topic coverage and practice opportunities with BTEC guidelines, key definitions, timed activities, and topics for class discussion. It is suitable for both classroom and individual study. Buy it from amazon.co.uk

All content copyright © 2007 - 2013