P5: interpret the contents of a trading and profit and loss account and balance sheet for a selected company

D2: evaluate the adequacy of accounting ratios as a means of monitoring the state of the business in a selected organisation, using examples.

M4: analyse the reasons why costs need to be controlled to budget.

P3: describe the main physical and technological resources required in the operation of a selected organisation.

P6: illustrate the use of budgets as a means of exercising financial control of a selected company

D1: evaluate how managing resources and controlling budget costs can improve the performance of a business D3: evaluate the problems they have identified from unmonitored costs and budgets.

M3: interpret the contents of a trading and profit and loss account and balance sheet for a selected company explaining how accounting ratios can be used to monitor the financial performance of the organization.