3.5.1
Interpretation of financial statements
Interpret a statement of comprehensive income and a statement of financial position, including liquidity, solvency and stakeholder interest.
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Topic 3.5
Assessing competitiveness
Use financial statements, ratios and workforce measures to assess performance and competitiveness. Interpret what results such as gearing and ROCE mean for stakeholders. Then evaluate suitable financial and human-resource strategies.
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Relevant earlier lessons for Topic 3.5
Topic 3.5 builds on financial and workforce ideas from earlier topics, while introducing gearing and ROCE here for the first time. The lessons below are optional supporting revision if you want to revisit the fuller earlier teaching.
Financial statements and earlier ratios
Workforce performance and HR techniques
Motivation theory revisited in 3.5.3
Explaining the causes behind the figures
These links are optional supporting revision. Topic 3.5 focuses on interpretation, and opening an earlier lesson does not change your Topic 3.5 completion.
38 min
3.5.2
Ratio analysis
Calculate and interpret gearing and ROCE to support business decisions, and evaluate the limitations of ratio analysis.
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3.5.3
Human resources
Calculate and interpret workforce measures, then examine financial rewards, share ownership, consultation and empowerment.
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