View Unit : Business Accounting

Unit

Unit Reference Number

M/502/5415

Qualification Framework

QCF

Title

Business Accounting

Unit Level

Level 3

Unit Sub Level

None

Guided Learning Hours

Unit Credit Value

Date of Withdrawal

SSAs

15.1 Accounting and Finance, 15.3 Business Management

Unit Grading Structure

Pass

Assessment Guidance

N/A

Learning Outcomes and Assessment Criteria

Learning Outcome - The learner will:		Assessment Criterion - The learner can:
1	Understand the purpose of accounting and the categorisation of business income and expenditure	1.1	describe the purpose of accounting for an organisation
1		1.2	explain the difference between capital and revenue items of expenditure and income
2	Be able to prepare a cash flow forecast	2.1	prepare a 12-month cash flow forecast to enable an organisation to manage its cash
3	Be able to prepare profit and loss accounts and balance sheets	3.1	prepare a profit and loss account and balance sheet for a given organisation
4	Be able to review business performance using simple ratio analysis.	4.1	perform ratio analysis to measure the profitability, liquidity and efficiency of a given organisation

Equivalent Units

There are no equivalences to display.