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http://www.bized.co.uk Copyright 2006 – Biz/ed Finance and Accounts 1
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Transcript of basics1
http://www.bized.co.uk
Copyright 2006 – Biz/ed
Finance and Accounts 1
http://www.bized.co.uk
Copyright 2006 – Biz/ed
Finance and Accounts
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Copyright 2006 – Biz/ed
Key Terms
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Costs
• Fixed (Indirect/Overheads)• Variable (Direct)• Semi-fixed
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Revenue
• Price• Quantity
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Break Even
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Purpose of Accounts
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Profit and Loss Account - Flow
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Balance Sheet - Snapshot
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Source of Funds
• Liabilities• Loans• Shares
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Use of Funds
• Fixed Assets• Current Assets
