Unit 5: Financial information

https://www.lbcarlson.com/blog/financial-statements-tell-your-businesss-story-inside-and-out/

Unit 5: Financial information and decisions

This section contains the course's finance and accounting section and covers sources of finance, the importance of working capital and the use of cash flow forecasts. The main features of a statement of profit or loss are covered as well as statements of financial position. Finally, this topic includes analysis of accounts, profitability and liquidity, and different users of accounts. 

The pages in this section can be accessed directly at the following links:

 

Unit 5.1: The need for business finance

This lesson focusses on the meaning of the need for business finance, as well as the differences between short and long term financing.Lesson time: 35 minutesLesson objectives:This lesson looks at the...

 

Unit 5.1: The main sources of finance

This lesson focusses on the meaning of the need for business finance, as well as the differences between short and long term financing. The unit also divides sources of finance by internal and external...

 

Unit 5.1: Questions on sources of finance

Q1Fill in the gaps______________ of ______________ are the different methods a business can use to __________ money. A new business may need money to cover its ______________-_________costs, such as buying...

 

Unit 5.1: Case study

This page includes a paper one style examination question with a case study and short answer questions based on the text. The question is marked out of 20 and includes a mark scheme. This is an ideal...

 

Unit 5.2: Cash-flow forecasting and working capital

This lesson addresses the the importance of cash and of cash-flow forecasting and how to amend or complete a simple cash-flow forecast. The page also investigates how to interpret a simple cash-flow forecast...

 

Unit 5.2: Cashflow exercises

Col 1Col 2Short answer questions on cash flow forecastscash; cash flow forecast; prediction; receipts; payments; surplus; deficit; survive; profitable; trade credit2.1 – d; 2.2 – c; 2.3 – e; 2.4...

 

Unit 5.3: Income statements

What profit is and why it is important? How a profit is made; the importance of profit to private sector businesses. For example, profit in the private sector can be a reward for risk-taking and enterprise...

 

Unit 5.3: Revision questions on income statements

Q1Fill in the gapsBusinesses keep financial records in order to keep track of their financial position, such as to see whether they have made a profit or ______________ over a specific period of time....

 

Unit 5.4: Statement of financial position

The main elements of a statement of financial position, including the main classifications of assets and liabilities. Interpreting a simple statement of financial position and make deductions from the...

 

Unit 5.4: Revision questions financial statements

The _____________________ of _______________________ _________________ lists the value of everything the business owns (______________) and owes (___________________). It shows what the business is ______________on...

 

Business: Unit 5.2 - 5.4 case study 

This page includes a paper one style examination question with a case study and short answer questions based on the text. The question is marked out...

 

Business: Unit 5.5: Analysis of accounts 

The concept and importance of profitability and liquidity. How to interpret the financial performance of a business by calculating and analysing...

 

Business: Unit 5.5: How stakeholders use different ratios 

How and why different stakeholders use the financial ratios of a business. How different stakeholders use different ratios to help make decisions,...

 

Business: Unit 5.5: Short answer questions on analysis of finance

Q1Fill in the gapsThe ____________________ performance of a business can be assessed by calculating ___________ such as the gross and __________...

 

Business: Unit 5: Review terms 

This page includes the review terms for unit 5, finance.The review terms are available as a PDF file at: Review terms

 

Business: Unit 5: Multiple choice test 

This page contains a multiple-choice question on unit 5, finance.The multiple choice quiz is available as a PDF file at: Questions

 

Business: Unit 5 multiple choice quiz II 

This page contains a multiple-choice question on unit 5, finance.The multiple choice questions are available as a PDF file at: Multiple choice

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