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
ABE Level 3 Diploma in Tourism, Hospitality, Business and Leadership (NEW qualification)
With this comprehensive qualification you'll gain essential knowledge, understanding, and the skills required to succeed in the tourism and hospitality industries. It offers wide-ranging insight into the tourism and hospitality sectors, and this is underpinned by skills and understanding of business and leadership in general. It is ideal if you are seeking to develop a career from a broad foundation of knowledge or progress to higher-level study in related disciplines.
ABE Level 3 Diploma in Tourism, Hospitality and Business (NEW qualification)
Develop your knowledge, understanding, and the skills needed to succeed in the tourism and hospitality industries, plus additional insight into business management disciplines. This qualification potentially gives you a wider choice of future career options - you'll gain broad sector insight supported by business acumen, which will help your career and progression to higher-level study in related disciplines.
ABE Level 3 Certificate in Tourism, Hospitality and Business (NEW qualification)
This qualification provides you with essential knowledge to develop a career in the travel and tourism sector, underpinned by a foundation of general business knowledge. It also offers a springboard to higher-level study in related disciplines.
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.
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.
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.