Unit 2 Managing Financial Resources- Level 5

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Unit 2 Managing Financial Resources

Level 5


P1.1- Identify the sources of finance available to a business.

P1.2- Assess the implications of the different sources.

P1.3- Evaluate appropriate sources of finance for a business project.


P2.1- Analyze the costs of different sources of finance.

P2.2- Explain the importance of financial planning.

P2.3– Assess the information needs of different decision makers.

P2.4- Explain the impact of finance on the financial statements.

Task 3

P3.1- Analyze budgets and make appropriate decisions.

P3.2 Explain the calculation of unit costs and make pricing decisions using relevant information.

P3.3- Assess the viability of a project using investment appraisal techniques.

Task 4

P4.1 Discuss the main financial statements.

P4.2 Compare appropriate formats of financial statements for different types of business.

P4.3 Interpret financial statements using appropriate ratios and comparisons, both internal and external.

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