Evaluate the roles of projected financial statements within the financial planning and decision-making processes. Incorporate risk into the financial planning process and assess the effectiveness of approaches to incorporating risk.

Financial management essentials: Online Quizz

The nature, purpose and significance of financial planning
Projected income statement, cash-flow statement, statement of financial position
Forecasting sales
Financial gearing (leverage)
Operating gearing (leverage)
Combined financial and operating gearing (leverage).

Critique business plans and evaluate their quality (MLO1)
Evaluate the roles of projected financial statements within the financial planning and decision-making processes. (MLO1)
Incorporate risk into the financial planning process and assess the effectiveness of approaches to incorporating risk. (MLO1)
Evaluate and explain the effect of financial and operating gearing on the risks and returns reflected within the financial planning of a business. (MLO1, MLO4)