Ebio enterprise living map

Contribute to create work as venture opportunities and repeat the process (26 credits).

Perform basic business calculations (11241)

Specific Outcome

Assessment criteria

Ebio Competency Programme: Information and Examples

Organize and Review your competencies

Gain access to experts and continuously cause self and many to understand business calculations.

Find experts, books and sites like these to teach you basic business calculations. There is also a free self-assessment tool to assess your ability in business calculations

SO 1

The learner must demonstrate the ability to consider a range of options, make decisions about and evidence performance around each of the specific outcomes.

Perform Math Calculations in Flash

AC 1.1

Distinguish between items of expenditure and revenue.

AC 1.2

Differentiate between fixed and variable cost.

AC 1.3

Perform invoicing operations and post amounts to the appropriate accounts.

AC 1.4

Reconcile individual transactions with statements of accounts.

AC 1.5

Identify the items disbursed on behalf of the organisation to be recovered in the invoicing process.

SO 2

A composite statement of outcomes which expresses applied competence in the particular component of practice.

MIT open courseware: Business Analysis Using Financial Statements

AC 2.1

From source documents, identify items of disbursement and revenue.

AC 2.2

Demonstrate an understanding of the effect of costs relative to the transaction.

AC 2.3

Identify the circumstances in which cost items can be fixed and/or variable.

AC 2.4

From source documents, allocate cost items to the appropriate accounts and apply relevant client tariffs for the calculation of revenue and prepare invoices in a predetermined format.

AC 2.5

Compare transaction amounts which have been recorded in the company's books with those reflected on third party statements, and initiate the recovery of shortfalls and the refunding of excesses.