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Nikol Todorova
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Decks in this class (23)
Functions and role of money
Define unit of account,
Define means of exchange,
Define store of value
20
cards
Methods of payment
What is cash,
Give an advantage of using cash,
Give
42
cards
Type of current accounts
What is a standard account,
List the features of a standard a...,
Give 2 advantages of a standard a...
13
cards
Types of borrowing
What is an overdraft,
Give 2 advantages of an overdraft,
Give 2 disadvantages of an overdraft
18
cards
Types of Saving and Investment
What is an individual savings acc...,
Give 2 advantages of isas,
Give 2 disadvantages of isas
18
cards
Types of Insurance
What are the different types of c...,
List the features of a third part...,
Give 2 disadvantages of third par...
21
cards
Types of financial institutions
Define financial institution,
Evaluate the bank of england as a...,
Give 2 advantages of
28
cards
Methods of communicating with customers
Evaluate branch as a method of co...,
Give 2 advantages of branch,
Give 2 disadvantages of branch
15
cards
Providers of financial information and guidance
Evaluate citizens advice,
Give 2 advantages of citizens advice,
Give 2 disadvantages of citizens ...
18
cards
Purpose of Accounting
Explain how accounting can be use...,
Explain how accounting can be use...,
Explain how accounting can be use...
5
cards
Consumer protection in relation to personal finance
Evaluate financial conduct author...,
Evaluate financial ombudsmen serv...,
Evaluate financial services compe...
4
cards
Types Of Income
What are the two types of income,
Define income,
Define capital income
14
cards
Types Of Expenditure
What is capital expenditure,
What can capital expenditure be u...,
Give examples of non current assets
7
cards
Sources Of Finance
What do businesses need financing...,
What is a short term of finance,
What is a long term of finance
56
cards
Cash Flow Forecasts
What is a cash flow forecast,
Why are cash flow forecasts so im...,
What are the different inflows of...
23
cards
Break Even Analysis
What is break even point,
What can costs be categorized into,
What are variable costs
16
cards
Statement of comprehensive income
What is a statement of comprehens...,
Why is a statement of comprehensi...,
Define cost of goods sold
15
cards
Statement of financial position
What is statement of financial po...,
What are examples of non current ...,
What are current assets
7
cards
Measuring profitability
What are profitability ratios use...,
What does gross profit margin tel...,
What does net profit margin tell us
6
cards
Measuring Liquidity
Why are liquidity ratios so impor...,
What does current ratio show,
What does liquid capital ratio te...
3
cards
Measuruing Efficiency
What are efficiency ratios used for,
What is trade receivable days,
What does trade receivable show
5
cards
Limitations Of Ratios
0
cards
Formulas
Net cash flow,
Closing balance,
Total revenue
25
cards
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BTEC BUSINESS UNIT 3
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Looking for something else?
BTEC Business Unit 3
- 6 decks
- 85 flashcards
- 1038 learners
Decks:
A Managing Personal Finance, C Understand The Purpose Of Accounting, D Sources Of Finance, And more!
