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Business Unit 3

This class was created by Brainscape user grace hapgood. Visit their profile to learn more about the creator.

By: grace hapgood
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Decks in this class (21)

Role of money
Personal attitudes,
Life stages,
Culture
6  cards
Functions of money
Unit of account,
Means of exchange,
Store of value
4  cards
Planning expenditure
Why plan expenditure,
To avoid getting into debt,
Avoid legal actions and or reposs...
10  cards
Methods of payment
Cash,
Debit card,
Credit card
28  cards
Current accounts
Features of a current account,
Standard,
Packaged premium account
9  cards
Types of borrowing
Overdraft,
Overdraft pros and cons,
Personal loans
12  cards
Types of saving & investment
Individual savings account isa,
Isa pros and cons,
Deposit account
14  cards
Insurance types
Car,
Car pros and cons,
Home
12  cards
Features of financial institutions
Bank of england,
Bank of england pros and cons,
Banks
18  cards
Communicating with customers
Branch,
Branch pros and cons,
Online banking
10  cards
Consumer protection in relation to personal finance
Financial conduct authority fca,
Financial ombudsmen service fos,
Financial services compensation s...
5  cards
Information guidance and advice
Citizens advice,
Citizens advice pros and cons,
Independent financial advisor
12  cards
Purpose of Accounting
What is accounting,
Accounting importance record tran...,
Accounting importance management ...
7  cards
Types of income
Capital income,
Capital income loans,
Mortgages
12  cards
Types of expenditure
Capital expenditure,
Ce non current assets,
Ce intangibles
18  cards
Sources of finance
Internal retained profit,
Pros and cons of retained profit,
Internal net current assets
32  cards
Cash flow forecast
Cash flow forecast,
Inflows receipts,
Types of inflows
18  cards
Break-even analysis
Break even,
Types of costs in a break even chart,
Total cost
21  cards
Statement of Comprehensive Income
What is a statement of comprehens...,
Sales revenue,
Costs of goods sold
18  cards
Statement of financial position
What is statement of financial po...,
Non current assets,
Current assets
13  cards
Ratios for profitability, liquidity and efficiency
What does ratio analysis do,
What is profitability,
Gross profit margin calculation
23  cards

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Business Unit 3

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