Techniques for Business Decisions
7: have an understanding of the constituents of the structure of Profit and Loss Accounts and Balance Sheets

7.	have an understanding of the constituents of the structure of Profit and Loss Accounts and Balance Sheets
Read the Biz/ed material on Profit and Loss Accounts and on Balance Sheets provided as part of the Introduction to the Study of Management module
-	Theory Explanations - Accounting and Finance [material on ratios]
APEL task [max 400 words] Perform the following exercises: Describe the constituent parts of Profit and Loss Accounts Indicate how a Balance Sheet works by taking the data in the examples provided and increasing all of the amounts by 10%, (ensuring that all figures still balance)

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