Accounting for Managers
WEEK 12: Capital Investment Features of Capital Investments - Large amounts of resources required - Risk and uncertainty present, decisions relate to future - Long term commitment - Involve large cash outlays up front, returns received slowly (i
WEEK 11: Analysis of Financial Statements Liquidity Capital Structure Current Ratio - Measures the $ of current assets the entity has per $ of current liabilities. - E.g. 2:1 indicates that the business has $2 of current assets to cover every $
WEEK 9: Cost-Volume-Profit Analysis CPV Analysis Involves estimating costs and volumes of sales to determine the effect on profit - It is used by internal users to forecast â€˜break-evenâ€™ point and levels of sales needed to achieve tar
WEEK 8: Budgets Budgets Budgets are plans, expressed in monetary terms, for a future period. They serve as a control mechanism to monitor actual results and investigate differences that arise between actual and budget - Actual results are compar
WEEK 7: Business Planning Business Plan - Provides the vision of what the business should look like - Explains the business goals, how it will operate and likely outcomes Components of a business plan include: â€¢Background (mission statement
Was this document helpful?
Sorry, You don't have sufficient in-store balance. Please select from below to add funds to your account.
Browse millions of study resources and download documents you need