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Unit 2: Managing Financial Resources and Decisions

This unit is designed to give learners a broad understanding of the ways in which finance is managed within a business organisation. Learners will learn how to evaluate the different sources of finance, compare the ways in which these are used and will learn how to use financial information to make decisions. Included will be consideration of decisions relating to pricing and investment, as well as budgeting. Finally, learners will learn techniques for the evaluation of financial performance.

Summary of learning outcomes

To achieve this unit a learner must:

  1. Explore the sources of finance available to a business
  2. Analyse the implications of finance as a resource within a business
  3. Make financial decisions based on financial information
  4. Analyse and evaluate the financial performance of a business

Suggested Reading

Management of Finance

Accounting for Non-accounting Students

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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 - 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