Lecture and tutorial schedule

Lectures
Wednesday 11:00 12:00 B101/02 Amanda
Friday 12:00 13:00 B101/02 Amanda
Tutorials
Monday 10:00 11:00 B102
Tutorials begin
Dylan
Monday 14:00 15:00 B102 nextDylan
week
Monday 15:00 16:00 B132 Dylan
Tuesday 15:00 16:00 B125 Ying
Thursday 13:00 14:00 B132 Ying
Thursday 16:00 17:00 B132 Ying
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Statement of financial position

Statement of Profit or
Loss

Statement of Cash Flows

Ratio Analysis
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 Past events are
summarized into
 Numerical information
Past events are
which is then presented
summarized into
into
 Managers and other Interested
Past events are summarized Numerical information which
parties for decision-making
into is then presented to
and control purposes
 Businesses are run to make a profit; if no profit – failure

To make a profit: must make and implement decisions

• Examples of decisions for a bakery:

• What products should we produce? How much do our products cost to make?
• What services should we provide? How much do our services cost to provide?
• What price should we charge for our products and services?
• How many employees do we need?

Trinity Business School

Main users of financial information relating
to a business

Owners Investment Competitors

analysts

Employees
Managers and their
representatives

Business

Lenders Government

Customers Community
Suppliers representatives
Alternative sources of information

Meetings with managers of the business

Public announcements made by the business

Newspaper and magazine articles

Websites, including the website of the

business
Radio and TV reports

Information-gathering agencies

Industry reports

Economy-wide reports
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 Financial and management accounting compared

Trinity Business School