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Level 2: Business Finance For Entrepreneurs
Module Description
This module aims to:
- Introduces models, techniques and skills that will help the entrepreneur manage and control a growing business; and
- 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
Intended Learning Outcomes
- On completion of this module, students will be able to:
- 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 to forecast to produce a variance analysis
- Evaluate and interpret variances
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