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Business unit 3 - Managing Personal and Business Finance

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

By: Saira Akhtar
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Decks in this class (16)

Types of finance
What is an overdraft state two ad...,
What is a personal loan state two...,
What is hire purchase state two a...
6  cards
Types of saving and investment
Two advantages and disadvantages ...,
Two advantages and disadvantages ...,
Two advantages and disadvantages ...
6  cards
Types of insurance
What is car insurance state two p...,
What is home and contents insuran...,
What is life assurance and insura...
6  cards
Different ways to pay
State two advantages and disadvan...,
State the purpose of using a debi...,
State the purpose of using a cred...
4  cards
Transfer of money
State 3 methods of transferring m...,
What is a cheque,
What is a electronic transfer
9  cards
Financial Services
Who are the financial conduct aut...,
Who are financial ombudsmen servi...,
Who are citizens advice state two...
9  cards
Internal sources of finance
What are the 3 main sources,
What is retained profit state a p...,
What are net current assets state...
4  cards
External sources of finance
What are the 4 sources,
What is owners capital state 2 pr...,
What is share capital state 2 pro...
5  cards
Break-Even
What type of costs are involved,
What sales are involved,
What is the formula for revenue
12  cards
Margin of Safety
What is margin of safety mos,
What is the formula for margin of...
2  cards
Cash Flow Forecast
What is the difference between in...,
What are the benefits of using th...,
What is the formula for net cash ...
9  cards
Improving Cashflow: Inflow and Outflow
What methods can be used to impro...,
What methods can be used to impro...,
What are the difficulties in impr...
3  cards
Chart / Graph
What does a break even chart include,
What does the x axis represent,
What does the y axis represent
7  cards
Profit and Loss Accounts
What is a profit and loss account,
When does the tax year start and ...,
State 3 purposes of producing a p...
11  cards
Balance Sheet
What is an asset,
What is a liability,
What is the purpose of the document
16  cards
Efficiency/Performance Ratios
What is the use of these ratios,
What is the formula for stock tur...,
What is the formula for asset tur...
4  cards

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Business unit 3 - Managing Personal and Business Finance

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