Financial Management

Contents

Unit 1: Budgeting

  1. Aims
  2. Context
  3. What is Budgeting?
  4. The Preparation of Budgets (1)
  5. The preparation of budgets (2)
  6. The Problems of Constructing Budgets
  7. The Benefits and Drawbacks of Budgets
  8. Budgetary control
  9. Cost Centres and Profit Centres
  10. Summary

Unit 2: Business Finance

  1. Aims
  2. Context
  3. Sources Of Finance
  4. Internal Finance
  5. Long-term Finance
  6. Cash Flow Management
  7. Causes Of Cash Flow Problems
  8. Resolving Cash Flow Problems
  9. Working Capital
  10. Cash Flow and Profit
  11. Cash Flow Forecasts
  12. Procedure for constructing a Cash Flow Forecast:
  13. Cash Budgets
  14. Planning Investment
  15. Depreciation
  16. Summary

Unit 3: Company Accounts

  1. Aims
  2. Context
  3. From Book-Keeping to the Accounts
  4. The Purposes and Users of Company Accounts
  5. Internal Users
  6. External Users
  7. Business Accounting: Capital and Revenue Expenditure
  8. The Profit and Loss Account
  9. The Cost of Sales
  10. Assessments of Profitability
  11. Judgment of Profit Quality
  12. Profit Utilization
  13. The Balance Sheet
  14. Assets and Liabilities
  15. Assets can be broadly classified (divided up) as follows:
  16. Vertical Presentation
  17. Balance Sheet Strength
  18. Ratio Analysis
  19. Profitability ratios:
  20. financial efficiency ratios:
  21. Liquidity ratio:
  22. Gearing ratio:
  23. Shareholders' ratios:
  24. Further Ratio Analysis
  25. The percentage of gross profit to turnover (sales)
  26. The percentage of net profit to turnover (sales)
  27. Return on capital employed (ROCE)
  28. Asset turnover
  29. Acid test (or Quick) ratio
  30. Stock turnover
  31. Debtor days
  32. Gearing
  33. Shareholders' Ratios
  34. Limitations of Ratio Analysis
  35. Window Dressing
  36. Summary

Unit 4: Costing; Break-even Analysis

  1. Aims
  2. Context
  3. An Introduction to Break-even Theory
  4. Costs as Fixed and Variable Costs
  5. An Introduction to the Break-even Chart
  6. Constructing a Break-even Chart
  7. The Concept of Contribution
  8. Costs as Direct and Indirect Costs
  9. Full Costing
  10. Example of Calculating Cost per Unit
  11. Marginal Costing
  12. Overhead Allocation
  13. Summary

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