Course review

3.1 Introduction to finance

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Learning objective

3.1.1—Role of finance

New

• Analyse the role of finance for businesses • Finance supports investment, operations, survival, growth, liquidity, and strategic decision-making

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Learning objective

3.1.2—Capital and revenue expenditure

New

• Distinguish capital expenditure and revenue expenditure • Capital expenditure buys long-term assets; revenue expenditure covers day-to-day operating costs

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