What you'll learn
How businesses raise and manage money.
Key ideas
- Sources of finance: internal (retained profit) and external (loans, share capital).
- Costs (fixed/variable), revenue and profit.
- Break-even and cash flow forecasting.
Exam tips
- Show working for break-even and profit calculations.
- Distinguish cash flow from profit.
Common mistakes
- Confusing cash flow with profit.
- Mixing up fixed and variable costs.