Setting Financial Objectives 0.0 / 5 ? Business StudiesSetting Financial ObjectivesASAll boards Created by: Austen PooleCreated on: 07-03-17 09:54 A specific goal or target relating to the financial performance, resources and structure of a business Financial Objective 1 of 8 The difference between total revenues and total costs over a period Profit 2 of 8 The difference between total cash inflows and total cash outflows over a period Cash flow 3 of 8 Sales during the period Revenue 4 of 8 The difference between revenue and cost of sales Gross profit 5 of 8 Operating costs and expenses that are not directly related to producing the good or services are recorded here Administration expenses 6 of 8 A key measure of profit Operating profit 7 of 8 Usually set as a target % return, calculated by dividing operating profit by the amount of capital ivested Return on investment 8 of 8
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