. Can you distinguish between the different techniques of investment appraisal in terms of their formulae or how they are used? . Can you give one or two advantages and disadvantages of each method of investment appraisal . Can you give one/two examples each of sources of finance: internal (short-term, medium-term, and long- term); external internal (short-term, medium-term, and long-term). . Can you complete entries in a ledger accounts and balance off the accounts? Would you be able to describe the balance as debit or credit? . Can you extract a trial balance correctly, knowing which items appear under the credit column and which under the debit column? . Can you explain why certain items appear under the credit column and why others appear under the debit column? . Can you complete an adjustment exercise to determine the amount of money to be shown in the income statement, and how it will affect the statement of financial position? . Can you explain each of the adjustment items: depreciation, bad debt, doubtful debt, prepayment and accrual? . Can you calculate depreciation using either method of calculating depreciation: straight line method and reducing balance method? . Can you state and explain the accounting equation? . Can you describe how different types of financial transactions affect the equating equation? . Can you identify or distinguish between items that appear in the balance sheet as against the income statement, and under their different headings? How do we treat the following items in the balance sheet: drawings, profit, loss, accumulated depreciation? How does each affect capital or net assets/ . Can you remember the ratio formulas and be able to use them in simple case study situations? Are you familiar with items appearing in cash budgets and items that shouldn't appear in the cash budget? For those appearing in the cash budget can you tell whether they are inflows or outflows? Can you distinguish between net cash inflow (surplus) and net cash outflow (deficit)? . Can you distinguish between net cash inflow (surplus). and net cash outflow (deficit)? Can you complete the preparation of a simple cash budget over a number of periods? What does the term period' mean in cash budgeting? Can you give examples of typical periods used in cash budgeting? Can you analyse and explain a given/prepared cash budget, showing the usefulness of preparing cash budgets? What are some of the management decisions that can be made as a result of a prepared/completed cash budget? Can a cash budget tell you (help you decide) how much of surplus funds a business needs to invest? Can a cash budget tell you (help you decide) how much loan or overdraft a business can ask for? Can you prepare financial statements for a sole trader? . Can you classify costs . Can you use your knowledge and understanding of costs to calculate contribution per unit, c/s ratio and under computations performed under CVP analysis? CVP analysis is Cost, Volume, Profit analysis, and is used interchangeably with breakeven analysis