Q

Explain the importance of financial planning

Unit 2 Managing Financial Resources and Decisions Assignment Help - Unit 2 Managing Financial Resources and Decisions - Level 5 Diploma in Business
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Unit 2 Managing Financial Resources and Decisions - Level 5 (Diploma in Business)

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TASK 1

AC1.1 Identify the sources of finance available to a business.

AC1.2 Assess the implications of the different sources.

AC1.3 Evaluate appropriate sources of finance for a business project.

AC2.1 Analyse the costs of different sources of finance.

AC2.2 Explain the importance of financial planning.

AC2.3 Assess the information needs of different decision makers.

AC2.4 Explain the impact of finance on the financial statements.

AC3.1 Analyse budgets and make appropriate decisions.

AC3.2 Explain the calculation of unit costs and make pricing decisions using relevant information.

AC3.3 Assess the viability of a project using investment appraisal techniques.

Task 2

AC 4.1 Discuss the main financial statements.

AC 4.2 Compare appropriate formats of financial statements for different types of business.

AC 4.3 Interpret financial statements using appropriate ratios and comparisons, both internal and external.

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