Financial Business Planning

This unit is expiring
The expiry date of this unit is 31/07/2024.

Overview

Framework:
Access to HE
Level:
Level 3
Unit No:
QU018243
Credits:
6
Guided learning hours:
Not available

Qualification Grading Type

Graded

Grade Descriptors

  • GD2-Application of knowledge
  • GD3-Application of skills
  • GD6-Autonomy/Independence
  • GD7-Quality

Unit Learning Outcomes

1

Understand basic accounting principles.

Assessment Criteria

  • 1.1

    Prepare and analyse financial statements.

  • 1.2
    Analyse accounts.
2

Understand financial needs of business.

Assessment Criteria

  • 2.1

    Explain business capital and financial needs.

  • 2.2

    Analyse financial needs and make recommendations.

3

Understand business budgeting.

Assessment Criteria

  • 3.1

    Prepare budgets and forecasts.

  • 3.2

    Examine and explain business budgets.

4

Understand how business plans work.

Assessment Criteria

  • 4.1

    Prepare and analyse a business plan.

  • 4.2

    Explain the purpose of start up and expansion planning.