Understand and Apply Business Finances

Categories: Business Management
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About Course

Learners who are assessed as competent against this unit standard will be able to demonstrate a basic understanding of financial principles; to identify bookkeeping and financial documents and apply business financial documents.

Course Content

Session 1: Identify bookkeeping and financial documents.
LEARNING OUTCOMES Bookkeeping terminology is identified and described. The document exchange process is explained. Income and expenditure transactions are discussed.

  • Bookkeeping
  • Bookkeeping terminology
  • Income and expenditure transactions

Session 2: Understand business financial documents
LEARNING OUTCOMES Knowledge of the various financial documents is demonstrated. The use of these documents is applied from the construction contractor's perspective.

Session 3: Identify opportunities for personal growth and advancement in the workplace.
The cash flow of the construction contractor's business is determined from the financial documents with the assistance of the firm's accountant. The implications of the cash flow situation on the organization are explained

Session 4: Determine the organizations financial status from the various financial documents with the assistance from an accountant.
LEARNING OUTCOMES The financial status of the organization is determined with the assistance of an accountant. The implication of the financial status on the organization is explained.

SUMMATIVE ASSESSMENTS: Understand and apply business finances
Learners who are assessed as competent against this unit standard will be able to demonstrate a basic understanding of financial principles; to identify bookkeeping and financial documents and apply business financial documents.

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