Unit 2: Knowledge of Finance
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  1. Are you confident with start-up costs/operating costs?
    Confident
    OK
    Require support


  1. Fixed cost/Variable costs/Total costs question
    Confident
    OK
    Require support


  1. Know Direct costs/Indirect costs
    Confident
    OK
    Require support


  1. Identify sources of Revenue
    Confident
    OK
    Require Support


  1. Calculate Revenue
    Confident
    Ok
    Require Support


  1. Identify Profit/Loss on Break Even Chart
    Confident
    Ok
    Require Support


  1. Identify the Total costs and Fixed costs on Break Even Chart
    Confident
    OK
    Require Support


  1. Identify Break-Even and Margin of Safety on Break Even chart
    Confident
    OK
    Require support


  1. Identify the difference between a budgeting and budgetary control
    Confident
    OK
    Require Support


  1. The purpose of a cashflow
    Confident
    OK
    Require Support


  1. Calculate Cash inflows and Cash out flows?
    Confident
    OK
    Require Support


  1. Calculate Net Cashflow
    Confident
    OK
    Require Support


  1. Calculate Opening and closing balance
    Confident
    OK
    Require Support


  1. Know the purpose Income Statement/Profit & Loss
    Confident
    OK
    Require Support


  1. Calculate Gross Profit
    Confident
    OK
    Require Support


  1. Calculate Net Profit
    Confident
    OK
    Require Support


  1. Know the purpose of Statement of Financial Position/Balance Sheet
    Confident
    OK
    Require Support


  1. Know Fixed and Current Assets
    Confident
    OK
    Require Support


  1. Know current liabilities
    Confident
    OK
    Require Support


  1. Calculate Working Capital/Net Current Assets
    Confident
    OK
    Require Support


  1. Know about share holders funds
    Confident
    OK
    Require Support





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