Understand the role of finance in business. 4.01 B2 10%
Understand financial planning. x When do businesses conduct
financial planning? x What are the actions of businesses when doing
financial planning?
6200/6600 Principles Unit B of Business and Finance 4.00 B2
31%
Principles of Finance
UNPACKED CONTENT I. Businesses address financial questions by
regularly doing financial planning. The phases when businesses
conduct financial planning are: A. Start-up B. Operation C.
Expansion II. The actions of businesses when doing financial
planning are: A. Developing one or more of the three types of
business budgets: 1. Start-up 2. Operating 3. Cash B. Using
financial records to complete financial statements: 1. Balance
sheet 2. Income statement 3. Cash flow statement C. Using financial
statement information to make financial decisions based on the main
financial performance ratios: 1. Current ratio 2. Debt to equity
ratio 3. Return on equity 4. Net income
