Sources of financial information: Internal (internal accounting systems, payroll, etc.), External (suppliers, Companies House, the Budget, etc.)
• Financial information: Profitability, Cash flow, Business value, Financial stability, Cost projections.
• Need for financial information: Assessing finance requirements, obtaining finance, reporting to owners, shareholders, and stakeholders, Setting and meeting targets, Appraising new projects, Managing risk, Internal needs v External needs.
• Business risks: Strategic, Market, Compliance, Operational, Risk modeling.