Essay On Managing Financial Resources - level 5

Diploma in Business (Marketing) - Essay On Managing Financial Resources - level 5

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

Task 2:

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

Task 3:

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 4:

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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