Business Decisions & Financial Management
- Business objectives — profit, growth, market share, social enterprise, stakeholder conflict
- Decision making — scientific decision making, decision trees, expected values, investment appraisal (NPV, IRR, payback)
- Financial statements — income statements, balance sheets, cash flow statements (construction and interpretation)
- Ratio analysis — profitability, liquidity, efficiency, gearing ratios (calculation, interpretation, and limitations)
- Sources of finance — internal, external, short and long-term (advantages and limitations)
- Financial planning — break-even analysis, budgeting, variance analysis, working capital management
- Business strategy — Ansoff Matrix, Porter's Five Forces, SWOT analysis, strategic direction and competitive advantage