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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:
- 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
