Finance
Sources of finance
All businesses need finance, whether for starting up, running themselves day-to-day or expanding. There are a number of funding sources used by organisations.
Cash budget
Businesses need to manage their cash flow to enable them to operate effectively. It is important to be able to interpret a cash budget and justify suitable solutions to cash flow problems.
Financial statements
A business keeps various types of financial records to monitor its performance and ensure that taxes are paid. These include income statements and statements of financial position.
Ratios
It is often necessary to compare a firm's performance or different organisations' performance over a number of years. Ratio analysis can be used to compare the year to year profitability, liquidity and efficiency of a business or similar businesses.
Technology in finance
Technology, such as spreadsheets and BACS payments, is used in many different ways to improve finance systems.
Video playlist
Breaking even. Video
How businesses need to adapt – an example of one business changing its focus.
Successful products - the story of the Mini. Video
Evan Davis tells the story of the Mini - a successful product but as a financial disaster.
