Elements and Performance Criteria
- Analyse financial reports
- Use financial analysis tools
- Gross margins and relevant breakdowns of profit and loss are calculated.
- Ratios related to production activity, solvency and liquidity, gearing and profitability are calculated.
- Relevant performance benchmarks are sourced and compared to the enterprise.
- Trends in production and profitability are identified and analysed.
- Identify opportunities for increasing profit
- Develop strategies for improving business performance