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business revision. unit 3

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

By: omar abdi
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Decks in this class (17)

understanding personal finance
What is money,
What are the functions of money,
What is a unit of account
92  cards
B1 features of financial institutions
What is a financial institution,
What are banks,
What is a building societies
8  cards
B2 Communicating with customer
What are methods of interacting w...
1  cards
B3 Consumer protection in relation to personal finance
What is a financial conduct autho...,
What can the fca do,
What is a financial ombudsmen ser...
5  cards
B4 Information guidance and advice
What is citizens advice,
Advantages of citizens advice,
Disadvantages of citizens advice
10  cards
C1 Purpose of accounting
What are trade receivables,
What are trade payables
2  cards
C2 Types of income
What is capital income,
What ais revenue income,
Types of capital income
4  cards
C3 Types of expenditure
What is capital expenditure,
What is revenue expenditure,
What are non current assets
7  cards
D1 Sources of finance
Types of internal sources of finance,
What is retained profit,
What are net current assets
10  cards
E1 Cash flow forecasts
What is cash flow forecast,
What is cash inflows,
What is cash outflows
6  cards
E2 Break-even analysis
What is break even,
What is contribution per unit,
What is the margin of safety
3  cards
F1 Statement of comprehensive income
What is a satement of comprehensi...,
What is gross profit,
What is cost of goods sold
4  cards
F2 Statement of financial postion
What is a statement of financial ...
1  cards
F3 Measuring profitability
What is gross profit margin,
What is mark up,
What is profit margins
4  cards
F4 Measuring liquidity
What is liquidity
1  cards
F5 Measuring efficiency
What is an efficiency ratio,
What is trade receivable days,
What is trade payable days
3  cards
Equations
Staright line depreciation,
Net cashflow,
Total costs
20  cards

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business revision. unit 3

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