Business and Finance

Business and Finance - 100 Marks

Module aim

To provide students with an understanding of how businesses operate and how accounting and finance functions support businesses in achieving their objectives.

On completion of this module, students will be able to:

• identify the general objectives of businesses and the functions and tasks that businesses perform in order to meet their objectives

• specify the nature, characteristics, advantages and disadvantages of different forms of business structure

• identify the purpose of financial information produced by businesses and specify how accounting and finance functions support business operations, including the management of working capital

• specify the role of the accountancy profession and why the work of the profession is important

• identify the role that governance plays in the management of a business and specify how a business can promote an ethical culture

• specify the impact on a business of the economic environment in which it operates.

Specification grid

This grid shows the relative weightings of subjects within this module and should guide the relative study time spent on each. Over time the marks available in the assessment will equate to the weightings below, while slight variations may occur in individual assessments to enable suitable questions to be set.

| |Weighting (indicative %) |

|1. Business objectives and functions |30 |

|2. Business structures | |

|3. The role of finance and accounting |25 |

|4. The role of the accountancy profession |15...