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Unit 2: Managing Financial Resources and Decisions

Financial performance

Analyse and evaluate the financial performance of a business

Terminology: introduction to debit, credit, books of prime entry, accounts and ledgers, trial
balance, final accounts

Financial statements: basic form, structure and purpose of main financial statements ie
balance sheet, profit and loss account, cashflow statement, notes, preparation not required;
distinctions between different types of business ie limited company, partnership, sole trader

Interpretation: use of key accounting ratios for profitability, liquidity, efficiency, and
investment, comparison both external ie other companies, industry standards and internal ie
previous periods, budgets

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