This week’s topics
Review and coursework completion
- Reviewing the learning outcomes
- Completing and checking coursework against the criteria
- Self-assessment
What you will be able to do
- 1.1 Identify the reasons for maintaining accurate financial records in business.
- 1.2 Explain the specialist finance and accounting roles in a business.
- 1.3 Explain the purpose of the main financial statements.
- 1.4 Discuss the contribution of the finance and accounting function to business decision-making in a logistics business.
- 2.1 Understand the importance of business finance for a logistics business.
- 2.2 Understand the concepts of working capital and liquidity.
- 2.3 Discuss the sources of finance for a logistics business in different scenarios.
- 2.4 Understand the impact of depreciation on business assets.
- 3.1 Differentiate between different types of budgets.
- 3.2 Prepare different types of budgets.
- 3.3 Undertake a variance analysis on a budget.
- 3.4 Identify the reasons for adverse and favourable budget variances.
- 3.5 Identify actions to address budget variances.
- 4.1 Analyse the financial performance of a business from information drawn from financial statements.
- 4.2 Identify actions to address the under-performance of a logistics business.
Activity
Guided review of every criterion; coursework completion clinic and peer review.
Study materials
The teaching notes, exercises and videos of this week are in the student portal. Your portal is set up as soon as you receive final acceptance, so you can open them before the semester starts.
