Business Studies — Year 13

Unit 3 Personal Finance

Learners study the purpose and importance of personal and business finance. They will develop the Skills and knowledge needed to understand, analyse and prepare financial information.

Learning Aim A-Understand the importance of managing personal finance

Topics Covered:

-Functions and Role of Money

-Different ways to pay

-Current Accounts

-Managing Personal Finance

Learning Aim B-Explore the personal finance sector

Topics Covered:

-Features of financial institutions

-Communicating with customers

-Consumer protection in relation to personal finance

-Information and guidance

Learning Aim C Understand the purpose of accounting

Topics Covered:

-Purpose of accounting

-Types of income

-Types of expenditure

Learning Aim D-Select and evaluate different sources of business finance

Topics Covered:

-Sources of finance

Learning Aim E- Break-even and cash flow forecasts

Topics Covered:

-Cash flow forecasts

-Break Even Analysis

Learning Aim F-Complete statements of comprehensive income and financial position and

evaluate a business's performance

Topics Covered:

-Statement of comprehensive income

-Statement of financial position

-Measuring profitability

-Measuring liquidity

-Measuring efficiency

-Limitations of ratios

REVISION AND PREPARTION OF EXTERNAL EXAM FOR UNIT 3

EXAM- January

Unit 8: Recruitment and Selection Process

Learners explore how the recruitment process is carried out in a business. The unit gives learners the opportunity to participate in selection interviews and review their performance.

Learning Aim A-how effective recruitment and selection contribute to business success

Topics Covered:

-Recruitment and Staff

-Recruitment and the selection process

-Ethical and legal considerations in the recruitment process

Assessment 1 to be completed by students.

Learning Aim B Undertake a recruitment activity to demonstrate the processes leading to a successful job offer

Topics Covered:

-Job applications

-Interviews and skills

Learning Aim B Undertake a recruitment activity to demonstrate the processes leading to a successful job offer

Assessment 2 to be completed for Learning Aim B

Learning Aim C Reflect on the recruitment and selection process and your individual performance

Topics Covered

-Review and Evaluation

-SWOT analysis and action plan

Work will be based around the assessment for learning aim C.