Module Identifier | RD15810 | ||
Module Title | BUSINESS MANAGEMENT | ||
Academic Year | 2001/2002 | ||
Co-ordinator | Mr Penri James | ||
Semester | Semester 2 | ||
Assessment | Course work | Budgeting | 100% |
Outcome 2
Construct a set of accounts for a business
Performance criteria:
a. Profit and loss statement constructed
b. Balance sheet constructed
c. Financial statements reconciled
Ranges:
Profit and loss : Revenue, expenditure, valuations, depreciation
Balance sheet : Assets, liabilities, net worth
Reconciliation : Profit, net cash flow, net worths
Outcome 3
Collate information to measure the effect of known objectives on the financial status of a business.
Performance criteria:
a. Proposed system described
b. Relevant physical assumptions accurately stated
c. Relevant financial assumptions accurately stated
Ranges:
System : Physical location, area, land quality, stock, buildings, grant eligibility, financial status
Assumptions : Livestock, crops, market returns, business costs, personal
Outcome 4
Construct budgets to demonstrate the effect of future plans on the financial status of a business
Performance criteria:
a. Financial statements constructed
b. Financial end result of proposed plan established
c. Sensitivity of plan to change quantified
d. Financial statements reconciled
Ranges
Statements : Gross margins, fixed costs, forage costs, TPLB, balance sheet, cashflow budget,
Plan : Gross margins, business profit, net worth, cash flow, financial analyis calculations
Sensitivity : Gross margin, profit, cash flow, market forces
Reconciliation : Net worths, profit and net cash flow