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Prepare a report and focus on sources of finance available to the business and discuss internal and external sources separately. Assess the positive and negative implication of the different sources of finance identified. Select a project that is typical to your organisation then identify and discuss various sources of finance appropriate for that business project. You need research the costs of each of sources of finance you have identified.
Also, discuss the importance of financial planning and give detail of how this financial planning undertaken. You also need to identify the information needs of internal and external decision makers. Finally, describe how different sources of finance identified can influence the appearance of the financial statements (profit and loss account and balance sheet).
To achieve MI, have effective judgements and approach to study and research to identify and explain the sources of finance available to a business and implications of finance as a resource within a business
To achieve D1,justify conclusions through synthesis of ideas to to identify and explain the sources of finance available to a business and implications of finance as a resource within a business
To achieve D3, demonstrate receptiveness to new ideas and take decisions to identify and explain the sources of finance available to a business and implications of finance as a resource within a business
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