Finance and Accounting (AS Level)
What are the main areas covered in finance and accounting in business studies?
The main areas covered in finance and accounting in business studies include financial statements analysis, financial planning, budgeting, cost accounting, managerial accounting, and corporate finance.
Why is understanding finance and accounting important for business decision-making?
Understanding finance and accounting is important for business decision-making because it provides essential information about the financial health, performance, and viability of the business. It helps in evaluating investment opportunities, assessing profitability, managing cash flow, analyzing costs, understanding financial risks, making informed budgeting and planning decisions, and communicating with stakeholders such as investors, lenders, and shareholders.