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Level 5: Business Finance For Entrepreneurs

Introduction

Prepare a budget based around limiting factors of production volumes and sales demand; prepare cash flow forecasts from a budget; apply understanding of spreadsheets to calculate and present data; calculate the impact of changing assumptions using what-if analysis; critically analyse actual data and compare forecasts to produce a variance analysis; and evaluate and interpret variances.

Module Description

This module aims to:

  1. Introduces models, techniques and skills that will help the entrepreneur manage and control a growing business; and
  2. Evaluate the information needs of investors and lenders.

Module Content

  • Sales budgets
  • Production budgets
  • Stock budgets
  • Cash budgets
  • Assumptions on credit collection, payment and price
  • Sales volume and price variances
  • Production cost volume and price variances

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