Finance and Accounts

Overview

Framework:
Access to HE 2024
Level:
Level 3
Unit No:
Not available
Credits:
6
Guided learning hours:
Not available

Qualification Grading Type

Graded

Unit Learning Outcomes

1.

Be able to analyse the various sources of finance available to businesses.

Assessment Criteria

  • 1.1.

    Analyse the suitability of various forms of finance in different situations.

2.

Be able to produce a cash flow forecast to analyse the financial situation of a business.

Assessment Criteria

  • 2.1.

    Produce a cashflow forecast for an organisation.

  • 2.2.

    Use the cashflow forecasts to analyse the financial situation of the business.

3.

Understand the purpose of various accountancy forms.

Assessment Criteria

  • 3.1.

    Explain the functions of each part of an Income Statement

  • 3.2,

    Accurately draw up an Income Statement for a business.

  • 3.3.

    Produce an accurate Statement of Financial Position including figures from the Income Statement.

    Indicative Content

    Include Statement of Financial Position and Income Statements.

4.

Be able to interpret final accounts.

Assessment Criteria

  • 4.1.

    Use ratios to analyse the final accounts of a case study organisation, to include profitability, liquidity and gearing ratios.