Institute of Commercial Management | Qualification Subject

Business Finance & Bookkeeping

Main Topics of Study

Financing a Business

  • Sources of finance
  • Applying for finance
  • Fixed and working capital
  • The risks of business enterprise
  • The services of banks to the business community

Keeping the Books of a Business

  • Bookkeeping records
  • The simplex system
  • Double-entry bookkeeping
  • Cash flow
  • The profits of a business
  • The trial balance of a trading business
  • The trading account
  • The profit and loss account
  • The balance sheet
  • The role of accounting
  • The interpretation of final accounts
  • The gross profit percentage
  • The rate of stock turnover
  • The net profit percentage and expense ratios
  • The interpretation of the balance sheet

Example Candidate Response Booklet

Example Candidate Response (ECR) Booklets are a source of crucial information for Centres and Candidates as they use real candidate responses. We ask Senior Examiners to comment on five or more responses in terms of why the mark was awarded with commentary about how to improve the answer (if necessary).

Recommended Reading

Main Text:

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Business Studies – G Whitehead (Butterworth Heinemann)

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Alternative Text and Further Reading: