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Business BTEC Unit 3(Personal and Business Finance)

This class was created by Brainscape user Suber Abdi. Visit their profile to learn more about the creator.

By: Suber Abdi
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Decks in this class (16)

(A1) Functions and Roles of Money
What are the 4 functions of money,
Unit of account,
Mean of exchange
17  cards
(A2) Different ways to pay
Different ways to pay by using a ...,
Different ways to pay via non card,
Advantages of cash
48  cards
(A3) Current Accounts
What is a current account,
What are the types of current acc...,
Advantages of a standard account
13  cards
(A4) Managing Personal Finance
What is an overdraft,
Advantages of an overdraft,
Advantages of an overdraft
34  cards
(B1) Features of Financial Institutions
Financial institutions,
What is the bank of england,
Advanatge
18  cards
(B2/3) Consumer Communication and Protection
Methods of communicating with the...,
What is the financial conduct aut...,
What is the financial ombudsman s...
7  cards
(B4) Information Advice and Guidance
What is citizen s advice,
What is the advantage of citizens...,
What is the disadvantage of citiz...
13  cards
(C1) Purpose of Accounting
What is accounting,
What are the purposes of accounting
2  cards
(C2) Types of Income
What is income,
What are the types of income,
What is capital income
14  cards
(C3) Types of Expenditure
What are the types of expenditure,
What is capital expenditure,
Types
13  cards
(D1) Sources of Finance
Types of finance,
What is internal finance,
T
28  cards
(E1) Cash Flow Forecasts
Cash inflows receipts,
What is capital introduced,
What is bank interest received
8  cards
(E2) Break-Even Analysis
What is break even analysis,
Types of costs,
What are variable costs
16  cards
(F1) Statement of Comprehensive Income
What is comprehensive income,
Purpose and use of comphrehensive...,
What are the types of profit
11  cards
(F2) Statement of Financial Position
0  cards
(F3/4/5/6) Measuring Profitability/Liquidity/Efficiency and Ratios
Gross profit margin formula,
What is a mark up,
Formula
21  cards

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Business BTEC Unit 3(Personal and Business Finance)

  • Class purpose General learning

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