HNC/HND Business

Table of Contents

1. Business Accounting
2. Economic Issues: An Introduction
3. Marketing: An Introduction
4. Managing People and Organisations
5. Using Software Applications Packages
6. Information Technology Applications Software
7. Analysing and Presenting Complex Communication
8. Business Culture and Strategy
9. Business: Graded Unit 1
10. Business Law: An Introduction
11. Economics 1
12. Economics 2
13. Preparing Financial Forecasts
14. Information and Communication Technology in Business
15. Behavioural Skills for Business
16. Statistics for Business
17. Business: Graded Unit 2
18. Business: Graded Unit 3
19. Business Contractual Relationships
20. Publishing on the Internet
21. eCommerce: Introduction
22. eCommerce: Systems
23. Corporate Information Systems

Preparing Financial Forecasts

This Unit is designed to provide you with an understanding of the use of Management Accounting Information on the decision making process within business organisations. You will develop abilities and learn the financial techniques used to assist decision making in relation to costing, budgeting, pricing and investments.

Specifically, you will learn how to prepare an operating statement to cost a product, process or service. You will also consider the use of alternative costing methodologies (Full/Absorption v Marginal) within the decision-making processes of organisations. In addition, you will learn how to compare budgeted activity with actual activity and analyse the resultant variances. Finally, the Unit will consider capital investment projects and the basic techniques used to estimate potential returns.

The Unit will be assessed using two Instruments of Assessment. The first will be computational in nature and cover the preparation of operating statements and an analysis of costing data. It will take the form of closed-book test. The second assessment will cover the analysis of budgetary information and capital investment projects and will take the form of a home based exercise in which you will present information in the form of a report to management.