Study Guide

Objective

Student:
-understands the role of management accounting in financial planning.
-can prepare basic profitability calculations.
-is familiar with the principles of pricing calculations.
-understands the role of budgeting in business planning.
-can prepare and analyze income statement budgets, cash flow budgets, and balance sheet budgets.

Content

-profitability calculations
-contribution margin calculation
-break-even analysis
-pricing
-income statement budget, cash flow budget, and balance sheet budget, as well as the connections between them

Qualifications

Business Mathematics

Assessment criteria, satisfactory (1)

-student has basic knowledge of the concepts used in financial planning.
-student understands the importance of revenue and cost analysis for the profitability of a business.
-student has an overall understanding of the methods that can be used in a company's financial planning.

Assessment criteria, good (3)

-student has a good knowledge of financial planning and can perform basic calculations.
-student can assess a company's profitability in relation to other companies and can prepare basic revenue and cost analyses.
-student can prepare various types of calculations and budgets as a basis for decision-making in the company.

Assessment criteria, excellent (5)

-student has advanced knowledge of financial planning and can perform more complex calculations.
-student can assess a company's profitability in relation to other companies and can prepare and interpret revenue and cost analyses.
-student understands the factors that influence profitability.
-student can independently prepare, apply, and analyze various calculation models for decision-making in the company.