The statement of financial position and the idea of balancing assets and liabilities is a difficult concept. However, for IGCSE you don’t need an detailed understanding of how the Statement of Financial Position is constructed. Furthermore, questions on this topic are much less popular than questions on profit or cash flow. What you do need
5.5.1 Concept of Importance of Profitability Link 5.3 Income Statements The concept and importance of profitability As we saw in Income statements, profit is a crucial business objective. Profitability takes this one step further. It measures how efficiently a business is making a profit. The magic tools that allow us to measure profitability are
Economic Issues focuses on how the changing economic conditions can impact business. You may be asked questions like these: Past Paper Question Examples Paper 1 (a) Identify two stages of the business cycle.
Can business have a conscience? Can business be a force for good in the world or will companies always prioritise making profit over people and the environment? We examine these dilemmas from the perspective of business in environmental and ethical issues. You may be asked question like this: Past Paper Question Example Paper 1 (e)
Business must increasingly have an international outlook to survive and thrive. 6.3 is all about examining the opportunities and threats for all businesses, and stakeholders in the interconnected global economy. You may be asked questions like this: Past Paper Question Example Paper 1 (c) Outline how the appreciation of country B’s exchange rate might affect ABC.
