Managing Financial Resources and Decisions
Aim The unit aim is to raise an understanding of where and how to access sources of finance for a handicraft, and the skills to use pecuniary information for decision making.
Unit abstract
This unit is designed to do a broad understanding of the sources and availability of finance for a production line organisation organization. You will learn how to evaluate these different sources and compare how they are used. You will learn how fiscal information is put down and how to use this information to make decisions for example in supplying and budgeting. Decisions relating to pricing and investment appraisal are also considered deep down the unit. Finally, learners will learn and apply techniques used to evaluate financial performance. Learning outcomes On successful completion of this unit a learner will: 1.2.3.4.Understand the sources of finance avail commensurate to a business Understand the implications of finance as a resource deep down a business Be able to make financial decisions based on financial information Be able to evaluate the financial performance of a business.
Unit content
Managing Financial Resources and Decisions
1 Understand the sources of finance available to a business Range of sources: sources for different businesses; long terminal figure such as share capital; retained earnings; loans; third-party investment; pitiable/medium term such as hire purchase and leasing; working capital stock control; cash forethought; debtor factoring Implications of choices: legal, financial and dilution of control implications; bankruptcy Choosing a source: advantages and disadvantages of different sources; suitability for purpose e.g. matching of term of finance to term of project 2 Understand the implications of finance as a resource within a business Finance be: tangible costs eg interest, dividends; opportunity costs eg loss of alternative projects when using retained earnings; tax...If you urgency to get a full essay, order it on our website: Orderessay
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