Sourcing, planning, monitoring and controlling funds, and reading a set of financial statements for what they reveal.
These are the statements the Business Studies syllabus makes about Finance. Dux records each one against the questions you answer, so you can see which of them you have actually been tested on and which have never been asked.
The strategic role of finance and its relationship to the other three functions.
Internal versus external, debt versus equity, and matching the term of the finance to the life of the asset.
Budgets, cash flow statements and the distinction between profit and cash, which is where most small businesses fail.
The income statement and balance sheet, and what each does and does not tell you about a business.
Liquidity, gearing, profitability and efficiency ratios, and the comparison that gives a ratio meaning.
Comparative ratio analysis, limitations of financial reports, and ethical issues in financial reporting.
Exchange rate exposure, hedging and international sourcing of funds.
HSC Business Studies - Trial Paper Shape is 100 marks in 180 minutes. Questions on Finance are not one shape repeated: the command word decides what the marker is looking for, and the mark value decides how much of it. These are the ones Business Studies uses.
Dux writes practice for this module in exactly these shapes, so the drill is the same task the paper sets — not a general knowledge quiz with the module name on it.
Finance is module 3 of 4 in Business Studies. Students routinely lose marks because a question spans two modules, so the neighbouring modules are worth reading next to this one.
Dux diagnoses Business Studies dot point by dot point, then writes questions in the shape this course marks. Written answers come back marked against the bands.