2.3.1
Profit
Statements of comprehensive income, calculating gross profit, operating profit and profit for the year, and the difference between profit and cash.
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Topic 2.3
Managing finance
Learn how to read an income statement and a statement of financial position. Calculate profit, working capital and liquidity ratios, then interpret what the figures show. Explore why businesses fail, including the problem of overtrading.
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26 min
2.3.2
Liquidity
Statements of financial position, current and non-current assets and liabilities, working capital, the current and acid test ratios, and ways of improving liquidity.
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2.3.3
Business failure
Internal and external causes of business failure, financial and non-financial causes, and overtrading.
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