Zusammenfassung der Ressource
Business Finance Revision Mindmap
- Budgets
- Budgetting
- Budgetary Control
- Breakeven
- Formula = FC / (SP-VC)
- Breakeven is the
point where the business
makes no profit
and no loss
- Margin of Safety
- Benefits of Breakeven
- Limitations of breakeven
- Profit and Loss
- Sometimes called an Income Statement
- Trading Account
- Calculated Gross
Profit by taking Costs
of sales from turnover
- Then take the
operating costs to
leave net profit
- Balance sheets
- Sometimes called an Statement of Financial Position
- This is a snapshot of a
businesses situation on a
particular day.
- Assets
- Fixed Assets
- Long term
assets that
the business
must have to
trade
- Current Assets
- Assets that
are quickly
changing.
Cash, Stock,
Debtors
- Liabilities
- Long-term
Liabilities
- Debts to be paid
over a long time
- Current
Liabilities
- Money to be
paid back
within a year
- Costs and Revenues
- Start Up costs
- Operating or running costs
- Fixed Costs FC
- Variable Costs VC
- Semi Variable Costs SVC
- Total Costs TC
- Revenue TR
- Profit
- Gross Profit
- Net Profit
- Cash Flow
- Cash Flow Forecasting
- Cash Flow Statement
- Cash Inflows
- Cash Outflows
- Net Cash Flow