Business Studies Predictions/Thoughts (14 Viewers)

[nowomansland]

can someone explain the first dot point in financial processes rq

 

[technologias]

can someone explain the first dot point in financial processes rq

Financial needs - determining the allocation of business finances in line with business changes and goals
Determined by: size of business, current phase of the business cycle or future growth plans
Budgets: Allocating resources both quallitative and quantitative in order to achieve the financial goal
Is important in providing a framework for business in allowing financial resources to be allocated efficiently and assists with financial forecasting
Record Systems: Methods employed by a business to ensure financial data is accurate, reliable, efficient and accesible such
Financial Risks: Likelihood of a business being unable to meet it's financial obligations such as S/T or L/T debt
Caused by: insolvency, fluctuations in interest/exchange rate
Minimised by: Hegding against exhcnage rates, using fixed interest rates and ensuring access to working capital to manage debt obligations
Financial Controls: Plans and procedures to ensure that the plans of a business are achieved in the most efficient way
Used to mitigate: Theft, fraud and damage/asset loss
Ensure control through: Clear authorisation and tasks and seperation of duties

 

[reniiiblaseee]

should i go to sleep and wake up to memorise my case studies or memorise them now

 

[nowomansland]

Financial needs - determining the allocation of business finances in line with business changes and goals
Determined by: size of business, current phase of the business cycle or future growth plans
Budgets: Allocating resources both quallitative and quantitative in order to achieve the financial goal
Is important in providing a framework for business in allowing financial resources to be allocated efficiently and assists with financial forecasting
Record Systems: Methods employed by a business to ensure financial data is accurate, reliable, efficient and accesible such
Financial Risks: Likelihood of a business being unable to meet it's financial obligations such as S/T or L/T debt
Caused by: insolvency, fluctuations in interest/exchange rate
Minimised by: Hegding against exhcnage rates, using fixed interest rates and ensuring access to working capital to manage debt obligations
Financial Controls: Plans and procedures to ensure that the plans of a business are achieved in the most efficient way
Used to mitigate: Theft, fraud and damage/asset loss
Ensure control through: Clear authorisation and tasks and seperation of duties

thank u!!

 

[nowomansland]

should i go to sleep and wake up to memorise my case studies or memorise them now

noo atleast do some now before going to bed

 

[MunsterCheese]

oh nah chat i feel like the question is gonna be horrid, i have mno idea what to do

 

[lolcti]

Is it worth it to pull an all-nighter if I know nothing at all

 

[MunsterCheese]

Is it worth it to pull an all-nighter if I know nothing at all

probably not, lowk the syllabus will get u 80 marks so just spam memorising and try write it out or just know a definition and exmaple for each dot point which is what i did today for all of the business functions, u could do that quickly in the morning too if u wanted

 

[MunsterCheese]

Would it be ok to make up a case study?? like i have coke and maccas for marketing and hr but lowk i aint remembering shit, so what businesess would be good to make up about?

 

[lolcti]

probably not, lowk the syllabus will get u 80 marks so just spam memorising and try write it out or just know a definition and exmaple for each dot point which is what i did today for all of the business functions, u could do that quickly in the morning too if u wanted

Ugh I’m really stressed now i need to learn so much idk if that is doable in like 2 hours if I recall absolutely nothing from hr or finance

 

[reniiiblaseee]

Is it worth it to pull an all-nighter if I know nothing at all

get atleast 2-3hours of sleep

 

[C2H6O]

so glad i dropped ts (good luck entrepreneurs)

 

[reniiiblaseee]

Would it be ok to make up a case study?? like i have coke and maccas for marketing and hr but lowk i aint remembering shit, so what businesess would be good to make up about?

for operations when it comes down to things related to cost saving use like kmart since markers dont know much abt it anyways, when it comes to r&d or technology use amazon and apple (be careful with apple stats tho lol) lowkey u could make case studies on anything but dont be stupid abt it

like dont choose a random business choose one which u think is relevant to the strategy, like if theres smth related to customisation of products and idk any case studies for it i would probably talk abt how nike allows customers to design their own shoes

 

[aydenhoang]

If i don’t have any case studies remembered, which two topics should i memorise case studies for?

 

[Jonqueller]

If i don’t have any case studies remembered, which two topics should i memorise case studies for?

atp make up ur case studies

 

[Jonqueller]

i am so screwed for this

 

[lolcti]

If i don’t have any case studies remembered, which two topics should i memorise case studies for?

make them up bro business is a gamble

 

[lolcti]

tbh I think alignment will be good this year bc
1. I bet the essay question will be shyt
2. NESA put all the commercial subjects together and I’m sure the people who do like multiple of them (many ppl Ik) will be doing shit cs of cramming even if they’re top students #hope

 

[aqwerty13402]

anyone got any last min questions?

 

[nowomansland]

If i don’t have any case studies remembered, which two topics should i memorise case studies for?

id recommend marketing & hr but yeah might asw make them up