grade for the externally assessed unit. 0 Wtt Yd3 V7NFyU4?' `A{I/mfXD %UR,+D}ABQy] 1,[L"K LkB Prepare a vertical analysis of Fantasy Football's 2018 and 2017 balance sheets. Q6 - You now need to carry out research about the different universities/colleges you are interested in applying to by finding the answers to the areas you have outlined in your responses to questions 3 and 5 above. DIFFERENT WAYS TO PAY The use of money as a payment method, advantages and disadvantages of: cash debit card credit card cheque electronic transfer direct debit standing order pre-paid cards contactless cards charge cards store cards mobile banking Bankers Automated Clearing Services (BACS) Faster Payments Service (FPS) Clearing House Automated Payment System (CHAPS). Paying forward- idea of taking things you have learned and been given and passing it on to another person G.Torecordthisperiodsuseofaprepaidexpense. Explain what fixed and variable taxes are and how they are different. interrelationships between factors leading to a Please ensure that you have also read the ACS terms & conditions. 128 depreciate over the assets lifetime, Will produce lower profit figures in the early years in the The controlled conditions for this unit allow learners to: Learners must not have access to the Internet, email, or any other resources aside from their permitted notes. After each exam series, the Lead Examiner for each unit writes a report to provide feedback to teachers. The Unit 7 task booklet (called Part S) must only be made available to learners at the beginning of the supervised assessment period and centres must not discuss the details of the task contents with learners directly. Allow you to retire earlier Ratio's. 30 terms. & \text{Cash} \ldots\ldots\ldots & \text{7,500}\\ It should be a job realistic for someone following a National in Business, so a managerial position may be aspirational, but it isnt suitable. Functions of Money - BTEC Unit 3: Personal and Business Finance Two Teachers 16.6K subscribers Subscribe Share 13K views 3 years ago Finance A quick walk through of the four functions of. Examiners must mark the first learner . perception of where the grade boundaries may lie. \text{Cash} & \text{$\$ 208,000$} & \text{$\$ 262,200$}\\ <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 594.96 842.04] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 6 0 obj They will use market research data and other information to make recommendations about the type of marketing campaign that a business should undertake. H@))@b"/EPl0\B8#" They should produce a survey for delegates to analyse. In order to fulfil the requirements of the assessment criteria, the contrasts could be manufacturing/service, importing/exporting, existing multinational/small business starting to trade internationally. hbbd```b``fA$dr,~ A large business of 250+ staff should be selected for Learning Aim A, and learners investigate their methods of recruitment and selection. But it must be stressed that a good piece of work will apply to the specific business, rather than generic PESTLE, SWOT, 5Cs and Porters 5 Forces which is abundantly available on many websites. Contribution Per Unit x Margin of Safety. Unit 3 - Personal FInance. <. Torecordthisperiodsuseofaprepaidexpense.D. Unit Price x Quantity Sold. This unit gives an opportunity to teach learners about Brexit and the impact on trading internationally for UK businesses. Pearson BTEC Level 3 Nationals in Business Unit 3 Final Sample Assessment Materials need to worry about increased interest charges (1), Only interest is paid until the debenture is redeemed (1) Evidence of application demonstrating some linkages and \text{Long-term assets:} & \text{ } & \text{ }\\ The mark awarded within the band will be decided based on the quality of the answer This is a popular optional unit. Consider the example in class. She. https://www.cleevepark-tkat.org/assets/Documents/Sixth-Form-Documents/Transition-2020/Business-BTEC-Transition-Pack.pdf Exam Timetable - Summer 2022 - The Flagpole BTEC Level 3 Nationals 31463H. When examiners are in doubt re garding the appli cation of the mark scheme to a \underline{\text{Assets}} & \text{ } & \text{ }\\ Something like a school/college special event for other students to raise money for charity would be appropriate. It is a practical unit which requires learners to produce their own recruitment documents and participate in two interviews. \text{\_\_\_\_\_\_6.} To do this, learners will have to use UK businesses, and this is recommended as it allows them to investigate finance/support and barriers, trade agreements. \end{matrix} Two contrasting UK businesses operating in contrasting markets are required. The grade boundaries for past Unit 2 tasks are as follows: From May 2020 onwards, the total marks for the assessment of Unit 3 was reduced from 100 marks to 80 marks. vL1d'uIp}|8@ _$I x5`I/+\ .^%If k&I(V Jm9K$l \text{C. To record payment of an accrued expense.} are minor. COMMUNICATING WITH CUSTOMERS Methods of interacting with customers, advantages and disadvantages: branch online banking telephone banking mobile banking postal banking. \text{Inventory} & \text{$1,900,000$} & \text{$1,349,000$}\\ Repair costs if needed are not covered by loan so could add to overall BTEC Business Level 3 Unit 3 Exam A Kevin4031 All you need to know is the formulas and also you need to know how to do depreciation. <> 15.00 Add to cart Share : Full description License Delivery & returns Business Assessment Resources Unit & Topic Assessments Functions of money: unit of account means of exchange store of value legal tender. 80 : 48 . A more mundane business, like Aldi, offers more potential. Every business is potentially ripe for investigation, not just the iconic Apple which learners often use to extol the products rather than really get to the bottom of how its success can be linked to innovation and enterprise. Margin of Safety. relevant information; there may be major gaps or omissions. Marks will be awarded towards the top or bottom of that band depending on how Mark scheme (award up to 8 marks) refer to the guidance on the cover of this document In this unit learners examine how businesses adapt their approaches to management in response to challenges in their environment. Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications. BTEC National Certificate in Business (180 GLH) Unit 3 Personal and Business Finance Unit 6 Principles of Management Unit 7 Business Decision Making Grade statistics The grade statistics show the number of learners who completed each qualification each year, and the proportion achieving each grade. The event itself must be sufficiently complex. Evidence of application demonstrating linkages and C.Torecordpaymentofanaccruedexpense. Timely. % \text{\_\_\_\_\_\_2.} D.M4 is not a comparison but an analysis - so detailed examination of different aspects and the relationship between the different factors. allows the business to plan finances / budget (1), Long-term source of finance (1) which allows the But, remember group evidence is not acceptable, and learners must produce their own, individual evidence of their contribution and participation. hVmo6+>$@Im@ M(AMG-e~V,;Z+-'sB Tr'A@ Secret Trusts - Perfect Essay What Is It? cle ar and uses specialist te chnical language consistently. perception of where the grade boundaries may lie. . \quad & \text{Cash} \ldots\ldots\ldots & \quad & \text{4,500}\\ PowerXL Customer Service Guarantee: Here at PowerXL Products, we pride ourselves on our five-star reviews. 0 or better and file a petition with the student adviser. G)mrQ. Btec business level 3 unit 1 assignment 1 example, Unit 1 exploring business assignment 1 examples, Btec business level 3 unit 1 assignment 2, Health and social care unit 5 coursework example p2, Btec level 3 health and social care unit 4, Personal Finance Personal Finance A Personal Financial Planning, Personal Finance Personal Finance 101 What is personal, Personal Finance Personal Finance A Personal Financial Planningis, Insurance Unit Personal Finance Personal Finance Wednesday February, BTEC Extended Certificate in Business BTEC Diploma in, Introduction to Finance BTEC Business Nationals Unit 5, Business Finance Business Finance or Corporate Finance as, BTEC Information Technology Course offered BTEC Level 3, BTEC APPLIED SCIENCE THE APPLIED SCIENCE BTEC QUALIFICATION, BTEC Level 3 Applied Science National Diploma BTEC, BTEC Computing Level 3 BTEC Computing Level 3, BTEC Enterprise BTEC Enterprise A bit about the, Personal Finance Topic 2 Personal Finance 1 What. 1896 0 obj information. Evaluate external sources of finance which Wattam Grove could use to fund Option 2 - Camping and caravan site. -Limited in transactions. information. <>>> As with any role play, it is strongly recommended to record the interviews (audio or visually) for a number of reasons. Unit 1 assignment 2 grade d achieved jbcjobcjo. It would be better if the businesses were not in the same industry as this would give learners more scope to investigate the differences. (. Personal and business finance exam unit 3 watch this thread 5 years ago Personal and business finance exam unit 3 Show original post Scroll to see replies 1 2 3 4 5 Next Reply 20 5 years ago A ejscan EllieRoissetter I have made notes on the material which if learned can be easy to apply to questions. in the band that best describes their answer. 35 : 22 . Evaluation is presented leading to conclusions but some may be Many businesses publish such information online for potential recruits, but learners must not copy/paste chunks from a website as this doesnt show theyve understood the process. \quad & \text{Prepaid Insurance} \ldots\ldots\ldots & \quad & \text{4,200}\\ vary, At the end of the lease Mike will have to return the asset, Does not own the machine so does not improve the value of the business, Will face additional costs of 1500 if the business tries to end the lease The updated course will be fully complete by Feb half-term 2022. Who it's for BTEC Business unit 3 personal and business finance. lower premium offer. hmkAl)ag-$4!/z5SkI}i ;9uN(%Udm-+AhX(J(N+ZDO`ZlCq M\#E_ex)g0Lr^5rl0eIRYUuQuu)2FPhy{U]+}]Bga;+W$q.\m)GdKM/9Y`J~(UU\R%>>ofGn'[" #(tiQAxOk/XO1=RvfL^X ',X%z <> uses specialist te chnical language consistently and fluently. Unit 3: Personal and Business FinanceThe exam. Discussion is partially developed, but will be imbalanced. Learning Aims B & C are both concerned with planning the event and this work should be done before the event is staged. endobj Provides lit tle evidence of weighing up of competing The staging of the event is covered in Learning Aim D and the review of the event is covered in Learning Aim E, and this work should be done after the event itself. com is an ad-free, private search engine that you control. lacking support. Unit results for BTEC National qualifications are reported on a 5 point grade scale: Distinction (D), Merit (M), Pass (P), Near Pass (N) and Unclassified (U). BTEC National Business | Livestream | Unit 3 (Jan 2022) Personal Finance Live Revision tutor2u 200K subscribers Subscribe 375 Share 13K views Streamed 1 year ago #btecbusiness Join Jim. will need to recalculate the expense each year figure based ), A. June 10, 2022 . & \text{Depreciation Expense} \ldots\ldots\ldots & \text{4,000}\\ To record receipt of unearned revenue.} \text{ } & \text{2018} & \text{2017}\\ \hline A valid assignment will enable a clear and formal assessment outcome based on the assessment criteria. 5 0 obj unit 3: personal and business finance grade boundaries Posted on June 22, 2022by Mark. This BTEC National Business Unit 3 online course is currently under development to support the Unit 3 Grade Booster cinema workshops being held for the summer 2022 exam. \text{\_\_\_\_\_\_5.} Flower; Graeme Henderson), Tort Law Directions (Vera Bermingham; Carol Brennan), Principles of Anatomy and Physiology (Gerard J. Tortora; Bryan H. Derrickson), Criminal Law (Robert Wilson; Peter Wolstenholme Young), unit 3 personal and business finanace past papers exams questions, Fundamentals OF Financial Accounting - BA3 EXAM Revision KIT, Fundamentals OF Managemnet Accounting - BA2 EXAM Revision KIT, Unit 5 Final Sumission - Cell biology, illustrated report, Unit 10 Illustrated Report Human Reproduction, Growth and Development, Unit 7 Human Nutrition and DIgestive System, PHARMACY AND MEDICINES MANAGEMENT (PHMM53), Managerial Accounting for Decision Making (MSIN7016), Constitutional and Administrative Law (LW1120), Mathematics for Computer Scientists 1 (CS130), Public Int & Humanitarian Law (LAW-40460), Introduction to Literature: Ways of Reading (CC4301), Foundations of Occupational Therapy (160OT), Introduction to English Language (EN1023). %PDF-1.7 % 4 Award one mark for identification of an advantage to the consumer of using a We dont want comprehensive coverage of one business with sparse coverage in the contrasting business. containing linkages and interrelationships between factors. 9. & \text{Interest Receivable} \ldots\ldots\ldots & \text{5,000}\\ %PDF-1.6 % Pearson BTEC Level 3 Nationals in Business - Unit 3 - January 2020 . Summer 2023 Series: English Language A2 Unit 3 Examination: 17 Aug: AS/A Level Results Day : Get the latest subject updates endobj they have shown they can do, rather than be penalised for omissions. specialist technical language consistently. x]OZAIs &;MU^4 HLR?s8Pu+@G_ pnYc1yFk@bt0">v/{ +L\0[.i5T#Pcn} \m3ix#|4^V@qU"P4(@55S|Y=4v~#,"Si7|pxM5l-`Z \text{D. To record receipt of an accrued revenue.} 12523 Comments Please sign inor registerto post comments. %%EOF So learning the formulas is important. & \text{G. To record this periods use of a prepaid expense. CURRENT ACCOUNTS Different types, features, advantages and disadvantages, different services offered: standard packaged, premium basic student, 6. 1898 0 obj \quad & \text{Interest Revenue} \ldots\ldots\ldots & \quad & \text{5,000}\\ (DUH1q-}"w|2}> ,T*'+` h9s An assignment is set after the content of specific learning aims has been delivered. internet or who choose not to use this method (1) reducing anxiety of 120 . beebusinessbee. \quad & \text{I. Learning Aim E should use a named, selected business which is trading internationally, and looks at strategic and operational issues. UNIT 3 personal and business finance. accounting concepts, Prevents understating the expense / overstating profits so Commercial bank, Investment bank, Insurance company, Brokerage, Takes deposits, makes loans, facilitates wire transfers and trade between countries, Serve as underwriters, initial public offerings, private share offerings, some banking between governments, Pool together money and risk from people through premiums to assist them in times of financial hardship, An intermediary that facilitates transactions of securities between buyers and sellers for a commission, Speed of transactions, personal safety of transactions, convenience of transactions, Process of explaining differences between a person's check register and a bank statement. Tutor 2 u. net. \text{\_\_\_\_\_\_4.} %PDF-1.5 Examiners should also be prepared to award zero marks if the learners response is <> specialist technical language. Provides little evidence of application and links between relevant Torecordthisperiodsdepreciationexpense., ______1.InterestExpense1,000InterestPayable1,000______2.DepreciationExpense4,000AccumulatedDepreciation4,000______3.UnearnedProfessionalFees3,000ProfessionalFeesEarned3,000______4.InsuranceExpense4,200PrepaidInsurance4,200______5.SalariesPayable1,400Cash1,400______6.PrepaidRent4,500Cash4,500______7.SalariesExpense6,000SalariesPayable6,000______8.InterestReceivable5,000InterestRevenue5,000______9.Cash9,000AccountsReceivable(fromconsulting)9,000______10.Cash7,500UnearnedProfessionalFees7,500______11.Cash2,000InterestReceivable2,000______12.RentExpense2,000PrepaidRent2,000\begin{matrix} Something like a raffle is too simple and not suitable. Prepare a horizontal analysis of Fantasy Football's 2018 balance sheet using 2017 as the base year. Learners dont have to design the Application Form, and this can be downloaded from a website. endstream -Does not accrue interest }\\ Examiners' reports are the communication channel between senior examiners and teachers and contain an explanation of how the senior examiners have interpreted the mark schemes as well as examples of both good and poor candidate responses. Learners will investigate some of the issues that managers and leaders have to deal with in the workplace in making businesses more efficient and ensuring their survival and growth. minor. The internal and external environment is usually done well and learners can readily use situational analysis techniques. Unit 1 - Finance, the Individual and Society (R/505/4681) Students will understand the role of the citizen in the UK, the values held by citizens, and the impact they have on personal finance. It works best if the business is not already operating globally as learners have to carry out situational analysis on two countries it might consider trading in. in response to the assessment focus/objective and will be modified according to how . View more University Ursuline College Course Bioethics (PH 260) Uploaded by sarah her Academic year2015/2016 Helpful? \text{Less: Accumulated depreciation} & \underline{(380,000)} & \underline{(190,000)}\\ costs as the vehicles age. Major and Minor Codes. Revenue income: cash sales credit sales rent received commission received interest received discount received. Evidence of application demonstrating some linkages and early, Cost is 10 800* more than the loan over the five-year period (excluding 5 years ago. & \text{Cash} \ldots\ldots\ldots & \text{2,000}\\ Budget I. \quad & \text{Prepaid Rent} \ldots\ldots\ldots & \quad & \text{2,000}\\ continue, Appropriate for a small company with cash flow issues, Short- term lease of two years means Mike can return the machine (after ju dgement/judgements being made. bank branch and one further mark for development: Pearson BTEC Level 3 Nationals in Business Unit 3 Final Sample Assessment Materials 129 terms. 9 Award one mark for identification of an advantage for the 14 terms. 4679 0 obj stickman swing cool math; ufc gym plantation; how to send certified mail with return receipt; bronwydd house porth history To record this periods earning of prior unearned revenue} & \text{F. To record an accrued revenue. The specification for each unit includes the assessment criteria and guidance for assessors in the section headed 'Essential information for assessment decisions'. Logical reasoning evidenced throughout response which is clear and uses & \text{H. To record payment of a prepaid expense. Torecordanaccruedrevenue.C. 5. Select a qualification BTEC Nationals Change Step 2. 12 ; Merit 15 20 . Issue 3 April 2017 Pearson Education Limited 2015, Question competing arguments, le ading to conclusions. Finance exam 2017 (edited 4 years ago) 0. . Identify three powers that Congress and the president share. Learners should always show their individual knowledge with their own detailed speaker notes - if they choose to do a group presentation. For this unit it is expected that learners will work in small groups. In order to access the ACS, you will need to complete the form using the following options: You can then complete the rest of the online form providing all the information relevant to your case, attach the assignment brief once you have submitted the case. Analysis likely to consist of basic description of information. document for how to a pply levelsbased mark schemes. Examiners should \end{matrix} Legislation that regulates working conditions and rules in the United States. Section A contains questions on the personal finance unit content and approximately one-third of the marks, and Section B contains questions on the business finance unit content and approximately two-thirds of the marks. products may be more suited to their needs (1), Accessibility to a range of services for those without devices or the Personal Finance Unit 3 Test Term 1 / 39 A financial plan to effectively and efficiently use a person's limited resources. business to plan (1), 10b Award three marks for the correct response of 20%. & \text{Salaries Expense} \ldots\ldots\ldots & \text{6,000}\\ <>/Filter/FlateDecode/ID[<587A7234B4B3B2110A00A0BE87FCFE7F>]/Index[4662 29]/Info 4661 0 R/Length 94/Prev 308944/Root 4663 0 R/Size 4691/Type/XRef/W[1 3 1]>>stream <>stream 100 marks available arguments/pros and cons in context; discussion likely to Learners will consider business situations/scenarios where they are required to select and use appropriate evidence from several sources and support their arguments. They should also show they know how to use situational analysis techniques and apply to a business: PESTLE, SWOT, Porter's Five Forces and 5 C's. UNDERSTAND THE IMPORTANCE OF MANAGING PERSONAL FINANCE Role of money is affected and influenced by a number of factors: personal attitudes towards risk and reward, borrowing, spending and saving life stages (childhood, adolescence, young adult, middle age, old age), key features of each stage, financial needs and implications at each stage culture, including religious and ethical beliefs life events can vary the personal life cycle from individual to individual external influences/trends and the financial-related effects interest rates, cost of borrowing versus reward of saving. We expect clear explanations of market theory, how the market will influence the chosen business when making pricing and output decisions. endobj Unit 3 Personal & Business Finance: Identify question Jan 2018 Enterprise, Economics & Business 5.99K subscribers Subscribe 6.5K views 4 years ago A video outlining how to answer the. -salary: salary divided by pay periods \text{Accounts receivable} & \text{$856,000$} & \text{$999,400$}\\ This also applies to organisation structure and aims and objectives. clarity and fails to provide an adequate answer to the question. 3 Grade Boundaries - BTEC Level 3 Nationals - June 2018 Understanding external assessment grade . Torecordthisperiodsdepreciationexpense.