Roseannwright07

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - favourable variance - adverse variance - factors causing adverse sales variances - factors causing favourable sales variances - factors causing favourable cost variances - factors causing adverse cost variances - methods of window dressing - benefits of window dressing accounts for the business

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - calculation for working capital - current assets - valuing fixed assets - depreciation - calculation for the straight line depreciation method - budget variances - calculation of variances - why we use depreciation - benefits and drawbacks of depreciation

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - income statement and balance sheets - purpose of balance sheet - stakeholders interest in a firms financial position (balance sheet) and why - balance sheet terminology - assets ranked by liquidity - components on a balance sheet - retained profit - reason it is called a balance sheet

Component 2 Eduqas Business - Definitions, Pros and Cons, Calculations and Evaluation of the following topics: extrapolation, moving averages, time series analysis, nature + purpose of sales forecasting, line of best fit, quantitative + qualitative methods of sales forecasting, correlations

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - evaluation of qualitative methods - factors that influence the choice of sales forecasting methods - reasons to use qualitative forecasting - limitations of qualitative forecasting - benefits of using IT systems when analysing data

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - quantitative methods of sales forecasting: brainstorming, intuition, delphi method, expert opinion - advantages and weaknesses of using the delphi method - advantages and disadvantages of using brainstorming - advantages and disadvantages of using intuition

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - line of best fit diagram - definition of correlation - diagrams for each type of correlation and definitions for each - methods of market research data that can be used in sales forecasting - benefits and drawbacks of test marketing

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - benefits and drawbacks of extrapolation - example of forecasting mistakes - implications of incorrect forecasting - what factors influence sales forecasts - how to calculate moving averages - moving averages diagram and definition - line of best fit - external factors affecting quantitative and qualitative sales forecasting -

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - nature and purpose of sales forecasting - time series analysis - methods of time series analysis - usefulness and unusefulness of time series analysis for a business - extrapolation - diagram of extrapolation - how a business might use extrapolation

Component 2 Eduqas Business - Definitions, Pros and Cons and Evaluation of the following topics: - moving average diagram - moving averages - line of best fit - benefits and drawbacks of extrapolation - example of forecasting mistakes - implications of incorrect forecasting - factors influencing sales forecasts