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6 Cards in this Set
- Front
- Back
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What is role of finance function? |
1. Supply financial information to other functions within the business eg marketing |
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What information does financial function supply? |
1. Costs and revenue for use in cashflow forecasting 2. The profit and loss 3. Data on the average rate of return |
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How does having the correct info affect the business |
Key staff Make right decisions to ensure success |
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What are the ads of retained profit ? |
No need to repay business No interest has to be paid No cost to raise finance |
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Disadvantage of retained profit ? |
Only available to businesses that have made profits |
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What is retained profit ? |
Profit that is made but not paid out and typically used for buying expansion |
