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Understand the purpose of accounting and the categorisation of business income and expenditure
describe the purpose of accounting for an organisation
explain the difference between capital and revenue items of expenditure and income
Be able to prepare a cash flow forecast
prepare a 12-month cash flow forecast to enable an organisation to manage its cash
Be able to prepare profit and loss accounts and balance sheets
prepare a profit and loss account and balance sheet for a given organisation
Be able to review business performance using simple ratio analysis.
perform ratio analysis to measure the profitability, liquidity and efficiency of a given organisation