Analysing The Financial Performance Of A Business
Übersicht
Two shops on the same street report a profit of 150,000 last year. The first took 1,480,000 in sales to earn it; the second took 620,000. The owners could stand side by side and both say truthfully that they made 150,000, and one of them is running a far better business than the other. A single profit figure tells you almost nothing on its own. It only starts to mean something when you set it against the revenue that produced it, against last year, and against what somebody else in the same trade achieved.
This lesson teaches you to read financial statements rather than admire them. You will learn what an income statement and a statement of financial position each contain and what question each one answers, the difference between an asset and a liability and why a statement of financial position is only a snapshot, and the two calculations the specification requires: gross profit margin and net profit margin. Then you will use them the way the exam does, comparing one year with the next and one business with another, and reading the same figures from the point of view of an owner, a lender, an employee and a supplier, who all want different things from the same page.
Ziele
- Purpose of financial statements.
- Components of financial statements.
- Interpretation of data given on financial statements.
Mindmap
Dieses Thema ist als Karte dargestellt, damit die Zusammenhange sichtbar werden.
Mindmap in der App offnen
Lernkarten
Schnelles Abfragen der Fakten, die zu diesem Thema gepruft werden.
Diese Karten in der App uben
Lektionshinweis
Vollstaendige Lernnotiz in der Green Bridge App
Holen Sie sich die Green Bridge CBT App auf Handy oder Computer fuer die komplette IGCSE-Bibliothek: fruehere Pruefungen, Bewertungsschemata, Mindmaps, Lernkarten und Audiolektionen.
Unterrichtsbewertung
Herzlichen Glückwunsch zum Abschluss der Lektion über Analysing The Financial Performance Of A Business. Jetzt, da Sie die wichtigsten Konzepte und Ideen erkundet haben,
Sie werden auf eine Mischung verschiedener Fragetypen stoßen, darunter Multiple-Choice-Fragen, Kurzantwortfragen und Aufsatzfragen. Jede Frage ist sorgfältig ausgearbeitet, um verschiedene Aspekte Ihres Wissens und Ihrer kritischen Denkfähigkeiten zu bewerten.
Nutzen Sie diesen Bewertungsteil als Gelegenheit, Ihr Verständnis des Themas zu festigen und Bereiche zu identifizieren, in denen Sie möglicherweise zusätzlichen Lernbedarf haben.
- A business has revenue of 325,000 dollars, cost of sales of 85,000 dollars, wages of 28,000 dollars and rent of 16,000 dollars. What is its gross profit? A. 196,000 dollars B. 212,000 dollars C. 240,000 dollars D. 325,000 dollars Answer: C
- Which one of the following is a current liability? A. A delivery vehicle B. Money owed by a customer C. A bank overdraft D. A five-year bank loan Answer: C
- A business has net profit of 84,000 and revenue of 700,000. What is its net profit margin? A. 8.33 per cent B. 12.00 per cent C. 16.00 per cent D. 83.33 per cent Answer: B
- Which statement shows what a business owns and owes at one particular moment? A. The income statement B. The cash flow forecast C. The statement of financial position D. The break-even chart Answer: C
- A business's gross profit margin is unchanged but its net profit margin has fallen. What is the most likely cause? A. Its selling prices have fallen B. The cost of the goods it buys has risen C. Its expenses have risen D. Its revenue has fallen Answer: C
Bearbeiten Sie diese Fragen in der App
Bearbeiten Sie diese Fragen in der App
Empfohlene Bücher
Weiterlernen mit offenen Quellen
-
Lehrbuchabschnitt
Analyzing Financial Statements
How can ratio analysis be used to identify a firm’s financial strengths and weaknesses?
"Introduction to Business: Analyzing Financial Statements" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/introduction-business/pages/14-7-analyzing-financial-statements. Access for free at https://openstax.org/books/introduction-business/pages/1-introduction
-
Lehrbuchabschnitt
The Income Statement
How does the income statement report a firm’s profitability?
"Introduction to Business: The Income Statement" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/introduction-business/pages/14-5-the-income-statement. Access for free at https://openstax.org/books/introduction-business/pages/1-introduction
Von anderen Organisationen unter offenen Lizenzen veröffentlicht und wie gewünscht genannt. Links öffnen deren Websites.
Übungsklausuren üben
Möchten Sie Übungsklausuren zu Analysing The Financial Performance Of A Business üben? Laden Sie die Green Bridge CBT App herunter, um Übungsklausuren und vollständige Prüfungssimulationen zu diesem Thema zu erhalten.
Lade die App im Google Playstore herunter.
Alles, was du brauchst, um in JAMB, WAEC & NECO zu glänzen.
