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Setting financial objectives
Students distinguish cash flow from profit and distinguish types of profit.
0
Objectives
10
Flashcards
10
Questions
90 min
Study time
AqaA LevelBusinessFinancial management
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Syllabus checklist
What you need to know
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Financial objectives and profit2 objectives
- Explain the value of financial objectives including return on investment, revenue, cost, profit and cash flow objectives.
- Distinguish cash flow from profit and gross profit, operating profit and profit for the year.
Key terms
financial decision-makingFinancial objectives and profitfinancial objectivesreturn on investmentrevenuecash flowfinancial decision-making decisionfinancial decision-making stakeholder impact
Exam tips
- Financial objectives and profit exam tip 1: Write the method before the answer so the examiner can follow each step. Apply this to explain the value of financial objectives including return on investment, revenue, cost, profit and cash flow objectives..
- Financial objectives and profit exam tip 2: State the exact concept or formula you are using before substituting values. Apply this to explain the value of financial objectives including return on investment, revenue, cost, profit and cash flow objectives..
Common mistakes
- Financial objectives and profit common mistake 1: Show the method first, then give the final answer in the required form. Apply this directly to Financial objectives and profit.
- Financial objectives and profit common mistake 2: Name the relevant value or feature from the question and explain how it is used. Apply this directly to Financial objectives and profit.
Practice preview
- Explain how you would explain the value of financial objectives including return on investment, revenue, cost, profit and cash flow objectives. in the context of Setting financial objectives.
- Describe one business decision or mechanism that helps you explain the value of financial objectives including return on investment, revenue, cost, profit and cash flow objectives..
- Explain how you would distinguish cash flow from profit and gross profit, operating profit and profit for the year. in the context of Setting financial objectives.
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