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Unit 2: Managing Financial Resources and Decisions

Financial decisions

Make financial decisions based on financial information

Budgeting decisions: analysis and monitoring of cash and other budgets

Costing and pricing decisions: calculation of unit costs, use within pricing decisions,
sensitivity analysis

Investment appraisal: payback period, accounting rate of return, discounted cashflow techniques ie net present value, internal rate of return

Nature of long-term decisions: nature of investment importance of true value of money, cash flow, assumptions in capital investment decisions, advantages and disadvantages of each method

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