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242296
Business Finance Revision Mindmap
Description
Mind Map on Business Finance Revision Mindmap, created by annette ashworth on 01/10/2013.
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btec
Mind Map by
annette ashworth
, updated more than 1 year ago
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Created by
annette ashworth
about 11 years ago
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Resource summary
Business Finance Revision Mindmap
Budgets
Budgetting
Budgetary Control
Breakeven
Formula = FC / (SP-VC)
Breakeven is the point where the business makes no profit and no loss
Margin of Safety
Benefits of Breakeven
Limitations of breakeven
Profit and Loss
Sometimes called an Income Statement
Trading Account
Calculated Gross Profit by taking Costs of sales from turnover
Then take the operating costs to leave net profit
Balance sheets
Sometimes called an Statement of Financial Position
This is a snapshot of a businesses situation on a particular day.
Assets
Fixed Assets
Long term assets that the business must have to trade
Current Assets
Assets that are quickly changing. Cash, Stock, Debtors
Liabilities
Long-term Liabilities
Debts to be paid over a long time
Current Liabilities
Money to be paid back within a year
Costs and Revenues
Start Up costs
Operating or running costs
Fixed Costs FC
Variable Costs VC
Semi Variable Costs SVC
Total Costs TC
Revenue TR
Profit
Gross Profit
Net Profit
Cash Flow
Cash Flow Forecasting
Cash Flow Statement
Cash Inflows
Cash Outflows
Net Cash Flow
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