Business Finance Basics

Front

Gross Profit

Back

Sales revenue - direct costs

Front

Net Profit

Back

Gross profit - indirect costs

Front

Profit Margins

Back

Measure of profitability

Front

Record Transactions

Back

Accurate for tax and performance

Front

Financial Reporting

Back

Inaccurate records affect business and HMRC

Front

Business Management

Back

Using accounts for decision making

Front

Resource Management

Back

Planning, monitoring, controlling resources

Front

Examples of Management

Back

Down payments, rent, buying stock

Front

Compliance

Back

Meeting legal requirements, avoiding fraud

Front

Control

Back

Track trade payables and receivables