Finance and Accounts 1 - Mind Map

Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version.

• Purpose of Accounts
  • Provide Information
  • Monitor Activities
  • Transparency
  • Reduce chance of fraud
• Break Even
  • TC = TR
• Profit and Loss Account - Flow
  • Gross Profit
  • Net (operating profit)
  • Profit after Tax
  • Dividend
  • Retained Profit
• Balance Sheet - Snapshot
  • Source of Funds
    • Liabilities
    • Loans
    • Shares
  • Use of Funds
    • Fixed Assets
    • Current Assets
• Key Terms
  • Costs
    • Fixed (Indirect/Overheads)
    • Variable (Direct)
    • Semi-fixed
  • Revenue
    • Price
    • Quantity
• Profit/Loss

By Premire Group
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