This class was created by Brainscape user Zakariye Abdullaahi. Visit their profile to learn more about the creator.
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Decks in this class (22)
Functions and roles of money
What is money,
What are the 4 core functions of ...,
What is a unit of account
8
cards
Different ways to pay
Advantages of using cash as a pay...,
Disadvantages of using cash as a ...,
What is a debit card
42
cards
Current Accounts
What is a current account,
What are the 4 types of current a...,
State one important feature of a ...
21
cards
Managing personal finance
What is an overdraft,
Advantages of,
Disadvantages of overdrafts
28
cards
Managing personal finance Deck 2
What is insurance,
Features of car insurance,
Advantages of car insurance
22
cards
Features of financial institutions
What is a financial institution,
What are the bank of england s 2 ...,
What do banks do
26
cards
Communicating with customers
Advantages of communication at a ...,
Disadvantages of branch communica...,
Advantages of online banking mobi...
8
cards
Consumer protection in relation to personal finance
What is consumer protection,
What is the financial conduct aut...,
What can the fca do
8
cards
Information guidance and advice
Function of citizens advice,
What is the citizens advice s rol...,
Advantages of citizens advice
23
cards
Purpose of accounting
What does planning involve,
What does monitoring involve,
What does controlling involve
8
cards
Types of income
What is capital income,
What is revenue income,
Types of capital income
5
cards
Types of expenditure
What is capital expenditure,
What is revenue expenditure,
What are non current assets
11
cards
Sources of finance
What is retained profit,
Advantages of retained profit,
Disadvantages of retained profit
34
cards
Cash flow forecasts
What are cash flow forecasts,
Examples of cash inflows,
Examples of cash outflow
12
cards
Break even analysis
What are fixed costs,
What are variable costs,
What are semi variable costs
12
cards
Statement of comprehensive income
What is a statement of comprehens...,
What do statements of comprehensi...,
What is profit
13
cards
Statement of financial position
What is statement of financial,
What happens to tangible non curr...,
What is amortisation
11
cards
Measuring profitability
What is profitability,
What is gross profit margin,
What does low gross profit margin...
8
cards
Measuring liquidity
What is liquidity,
What is current ratio,
What are liquid assets
3
cards
Measuring efficiency
What are efficiency ratios,
What are trade receivable days,
What are trade payable days
4
cards
Limitations of ratio
Limitations of ratios when assess...
1
cards
Formulas
Straight line depreciation formula,
Reducing balance formula,
Profit formula
26
cards
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Business
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