Business and finance
On completion of this module students will be able to:
- Identify the general objectives of businesses and the functions and tasks that businesses perform in order to meet their objectives.
- Specify the nature, characteristics, advantages and disadvantages of different forms of business structure.
- Identify the purpose of financial information produced by businesses and specify how accounting and finance functions support business operations, including the management of working capital.
- Specify the role of the accountancy profession and why the work of the profession is important.
- Identify the role that governance plays in the management of a business and specify how a business can promote an ethical culture.
- Specify the impact on a business of the economic environment in which it operates.
Syllabus weightings
- Business objectives and functions / Business structures - 30%
- The role of finance and accounting - 25%
- The role of the accountancy profession - 15%
- Governance and ethics - 15%
- External environment - 15%
| Module at a glance: |
| Difficulty: |
Core technical knowledge and skills |
| You should already have passed: |
Nothing |
| Examination method: |
E-assessment - 1 ½ hours |
| Hours of study required: |
Classroom days: 4 |