Laser Lessons - Lesson

O3IDBUS4-1

Table of Contents

In this tutorial you will learn:

That business income needs to be accounted for
About the importance of an accurate system for working out business profits
The purpose of ratio analysis

Table of Contents

Click to read ‘Income and expenditure account’ on the Accounting Explanation website.
Click to read ‘Cash basis’ on the Gov UK website.
Click to access the ‘Business auditing, accounting and reporting’ page on the Gov UK website.
Click to read ‘Example of a cashflow’ on the Association of Chartered Certified Accountants (ACCA) website. The ACCA website is a useful source of information about business accounting, be sure to read further articles and information relevant to your role.
Click to read ‘Understanding your profit and loss account and balance sheet’ on the Is4Profit website.
Watch the video and read the corresponding text on ‘6 basic financial ratios and what they reveal’ on the Investopedia website.

Think And Challenge