Financial terms and calculations exam tips

Exam tips

• Costs, revenue, profit and loss exam tip 1

  Use precise subject-specific vocabulary when you explain how to distinguish variable costs, fixed costs and total costs..

  This keeps your answer tightly aligned to the exam specification point for Costs, revenue, profit and loss.

• Costs, revenue, profit and loss exam tip 1

  Use precise subject-specific vocabulary when you explain how to explain revenue, costs, profit and loss..

  This keeps your answer tightly aligned to the exam specification point for Costs, revenue, profit and loss.

• Average rate of return exam tip 1

  Use precise subject-specific vocabulary when you explain how to explain investment projects such as investment in machinery, buildings and vehicles..

  This keeps your answer tightly aligned to the exam specification point for Average rate of return.

• Average rate of return exam tip 1

  Use precise subject-specific vocabulary when you explain how to calculate average rate of return for business investment projects..

  This keeps your answer tightly aligned to the exam specification point for Average rate of return.

• Break-even exam tip 1

  Use precise subject-specific vocabulary when you explain how to explain break-even output..

  This keeps your answer tightly aligned to the exam specification point for Break-even.

• Break-even exam tip 1

  Use precise subject-specific vocabulary when you explain how to interpret break-even charts..

  This keeps your answer tightly aligned to the exam specification point for Break-even.

• Break-even exam tip 1

  Use precise subject-specific vocabulary when you explain how to identify break-even level of output and margin of safety from a break-even chart..

  This keeps your answer tightly aligned to the exam specification point for Break-even.

• Break-even exam tip 1

  Use precise subject-specific vocabulary when you explain how to evaluate the value of break-even analysis to a business..

  This keeps your answer tightly aligned to the exam specification point for Break-even.