Finance
Understand the purpose of the finance function in the business studies curriculum, see real life examples within our case studies with downloads
Products that can help you manage your personal finances
Banks provide a number of important financial services to business:LoansProvide businesses with expansion capital. A secured loan...
Calculating the profit or loss of a business
Two of the most important financial statements for a business are the Profit and Loss Account, and...
Accounting principles
Accounting principles involve the recording and interpretation of business activity in figures (recording accounts). Records are kept of...
Financial records and documents
Accounting involves the creation of financial records of business transactions, flows of finance, the process of creating...
Understanding a balance sheet
The Balance Sheet gives a frozen picture of one instant of time. The other two financial statements...
The importance of business accounts
Business accounts are produced to meet the needs of their users. Typical users and the use they...
Interpreting financial information
Business accounts are produced to meet the needs of their users. Typical users and the use they...
Accounting for decisions
Management accounting uses financial information in order to enable better decision making within the organisation. The format...
Accounting concepts
Accounts are records of financial transactions. Information that is used in accounts is initially entered into books...
The flow of financial documents used in a business...
There are a number of documents that flow between a supplier and a purchaser when purchases are...