• Measuring current financial performance Using taxation records as a primary source of data for the financial analysis of a business and convert the data from balance sheets, profit and loss and taxation accounts to a system of management accounts which will then be used as the basis for the analysis of the financial performance of the business.  This data will be used to bench mark the financial performance of the business.
  • Understanding the Financial data Outlines the methods used to understand the impacts which change may have on business performance in terms of cash flow, taxation liability, credit status, and equity and risk profile. Develops key finial performance indicators as a measure of business risk.
  • Business models Develops models for the design of systems for financial control, management and monitoring of complex rural businesses. The focus of this topic is on the practical use of management accounting information in various types of decision-making situations. Development of a business plan for a case study using an approved model for business planning.

Learning outcomes:

  1. Apply the principles from this unit of study in the preparation a business plan for a Case Study business
  2. Demonstrate skills in the acquisition and analysis of financial information for decision-making purposes
  3. Identify the key drivers for a business in production and financial terms
  4. Identify and understand the environment in which the business operates and the impact which this may have on business performance
  5. Identify the level of performance which the business needs to achieve to meet current and projected business goals
  6. Use appropriate techniques to analyse the impact of variation in business performance on cash flow, taxation liability, credit status, and equity and business risk profile


  1. Edmodo online discussions (10%)
  2. Research and Analysis of your proposed Business Plan -3000 words (30%)
  3. Preparing a Business Plan for your proposal - 5000 words (60%)