Discuss the relationships between costs, volume and profit in decision making

Demonstrate understanding of the main accounting and finance concepts used in financial decision making. 2 Discuss the relationships between costs, volume and profit in decision making. Describe the importance, role and main techniques of financial management within an organisation. Skills LOs 4 Analyse and interpret financial reports. 5 Evaluate quantitative and qualitative information to assess risk in business decisions. 6 Value securities. Application LOs 7 Apply basic accounting and finance knowledge to decision making in a workplace setting