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Preparing Financial Forecasts Outcome 2. HND Business.

Preparing Financial Forecast, Outcome 2. HND Business.

Preparing Financial Forecasts, Outcome 2. From HND Business.

Income Elasticity of Demand

Explanation of sketching supply and demand diagrams and how market forces act to restore equilibrium following a change in supply.

A description of the basic economic problem of scarcity, and how it gives rise to opportunity cost.

A description of the Circular Flow of Income model, with reference to injections and withdrawals.

An introduction on how to handle wages and salaries, the UK income tax system, and payslips given to employees.

Basic overview of the banking system, and some references to the financial collapse of 2008.

A breif overview of some of the economic consequences of oil in the North Sea of Scotland.

Management Accounting for Planning and Control. How to reconcile the budget to actual profits.. HND Accounting.

Management Accounting for Planning and Control, Outcome 3. Variance analysis. Fixed overhead variance analysis. HND Accounting.

Types of unemployment; , impacts and trends.

How to calculate labour cost variances for Management Accounting for Planning and Control, Outcome 3. HND Accounting.

Material Variances

Sales Variances (MAP-C)

National Income