BTEC Unit 2 Finance Revision Page - ten steps to a PASS MERIT or DISTINCTION at Level 2!

Dear Year 11

this is the page that will help you learn all the key terms, equations and the TEN topics that you have studies in this unit.  Feel free to use it wisely.

1. Key Equations that you need to know as your not given them in the online assessment
2. Fixed costs, variable costs and total costs
3. Costs Revenue and how to make and improve profits
4. Business Tools - Calculating the Brake Even Point 
5. Cash flow forecasting
6. Profit and Loss Accounts (AKA Income Statements)
7. Budgeting
8. Sources of Finance available to a business
9. Balance Sheets (AKA Financial Statement)
10. PowerPoint of key topics

and once you have got your head around the main topics why not try the online assessment by clicking  here

I do hope that you use it as it is very much what you do now that's important if you want to do well in this assessment on Friday 26th June 2015

Good luck and enjoy

Mr T