This unit provides an introduction to business finance and financial reporting. It will develop your ability to:
- Understand the various requirements for financial reporting.
- Understand the role of management accounting in planning, controlling and decision-making within an organisation.
- Understand costs and the content of different types of financial statements.
- Understand the main financial ratios and their uses.
Assessed by assignment.
Qualifications for this unit
NEW: ABE Level 3 Diploma in Business Management
This future-facing, skills-focused qualification provides a comprehensive overview of the elements that are needed in a business, from leadership to innovation to marketing and finance. It develops a wide-ranging skill set that opens the door to many career paths, along with a strong foundation of knowledge to support progression to higher education.
NEW: ABE Level 3 Foundation Diploma in Business Management
This qualification provides a fundamental grounding across six key areas of business management. It will develop your business thinking, your entrepreneurial know-how and your leadership skills, so that you can confidently take on a business-related role and understand the wider aspects of your organisation.
NEW: ABE Level 3 Foundation Diploma in Entrepreneurship
The ability to successfully identify and develop business opportunities requires a wide-ranging skill set. This qualification will give you understanding of how to set up and run an enterprise, whilst developing your understanding of innovation and other areas prized by employers.