Learning outcomes

Assessment criteria

1 Understand business finance within

a management context

1.1 Explain how to analyse the financial

health of an organisation by

interpreting a set of accounts and

management information

1.2 Explain the uses and limitations of

financial ratios

1.3 Explain the uses of statutory

financial reports

1.4 Explain the difference between the

uses of cost accounting and

management accounting

1.5 Explain the benefits and limitations

of short-term and long-term

financing options

1.6 Explain how to carry out a costbenefit

Analysis

2 Understand the commercial

implications of managerial decisions

2.1 Analyse the uses of management

accounts for decision-making

purposes

2.2 Evaluate the importance of break

even, contribution and their

underlying assumptions

2.3 Evaluate the effectiveness and

suitability of budgetary control

methods

2.4 Explain tools and techniques to

identify commercial opportunities

and risks

2.5 Assess the commercial impact of

managerial decisions