Main Topics of Study:

Financing a Business:

• Sources of Finance
• Applying for Finance
• Fixed & Working Capital
• The Risks of Business Enterprise
• The Services of Banks to the Business Community

Keeping the Books of a Business:

• Bookkeeping Records
• The Simplex System
• Double-Entry Bookkeeping
• Cash Flow
• The Profits of a Business
• The Trial Balance of a Trading Business
• The Trading Account
• The Profit & Loss Account
• The Balance Sheet
• The Role of Accounting
• The Interpretation of Final Accounts
• The Gross Profit Percentage
• The Rate of Stock Turnover
• The Net Profit Percentage & Expense Ratios
• The Interpretation of the Balance Sheet

Reading List

Main Text:
Business Studies - G Whitehead (Butterworth Heinemann)