Unit 2 Managing Financial Resources and Decisions

Unit Name: Unit 2 Managing Financial Resources and Decisions

Task 1

1.2 assess the implications of the different sources
External sources of finance:

1.3 evaluate appropriate sources of finance for a business project

Task-2

2.1 Analyze the costs of different sources of finance

2.2 Explain the importance of financial planning.

2.3 Assess the information needs of different decision makers

2.4 Explain the impact of finance on the financial statements

Task 3

3.1 Analyze budgets and make appropriate decisions

3.2 Explain the calculation of unit costs and make pricing decisions using relevant information

3.3 Assess the viability of a project using investment appraisal techniques

Task 4

4.1 The main financial statement of the business

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

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

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