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

Recommended Reading

Main Text:

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Business Studies – G Whitehead (Butterworth Heinemann)

Indicative Text:

Alternative Text and Further Reading: