omissions. al ways award fu ll marks if deserved. they have shown they can do, rather than be penalised for omissions. omissions are minor. hbbd``b`! Differences and similarities between specific industries (oil, gas, electricity, etc.) than compensated for by increases in revenue Faculty of Business. FINANCIAL STATEMENTS Accounting standards require statements that show the financial position, earnings, cash flows, and investment (distribution) by (to) owners. Demonstrates the use of logical reasoning, clarity, and appropriate specialist technical language. an swer, in response to the assessment focus/outcome and will be modified Meaning may be conveyed but in a non-specialist way; response lacks clarity and fails to provide an adequate answer to the question Demonstrates accurate knowledge and understanding of relevant information with a few gaps or omissions. 1 Scheme (Results) January 2019 BTEC Level 3 National in Business / Enterprise and Entrepreneurship Unit 3: Personal and Business Finance (31463H), 2 Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world s leading learning company. the interest rate and return %PDF-1.6 % Evidence of application demonstrating linkages and Level Award up to 6 marks. Rewards are greater than returns on savings factors. are minor. 2366 0 obj and uses specialist technical language consistently and charges (1), Access account remotely (1) so you can Provider Cancer cover Extra benefits Excess * Annual policy cost , Shirevale No Fast track GP 26, 9 Indicative Content 5 Potential factors that learners may consider in their response: Learners may discuss the significance of the relative advantages and disadvantages of using a debit card as a method of payment in the context of the question. 0000000729 00000 n Level 1 1-2 Demonstrates isolated knowledge and understanding of relevant information; there may be major gaps or omissions. recorded on the Insolvency Register are minor. an impact on her earnings if she has to take time off work. but some may be lacking support. ), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. Bendle), Principles of Anatomy and Physiology (Gerard J. Tortora; Bryan H. Derrickson), Human Rights Law Directions (Howard Davis), Rang & Dale's Pharmacology (Humphrey P. Rang; James M. Ritter; Rod J. Accept formula in either words or figures. Business Studies - Financial Planning and Management Study Notes. be generic assertions rather than supported by evidence. less Level 3 8-10 Demonstrates accurate and thorough knowledge and Pearson BTEC Level 3 Nationals Extended Certificate 31463H Business / Enterprise and Entrepreneurship Unit 3: Personal and Business Finance P51732A 2017 Pearson Education Ltd. 1/1/1/1/1/1/1 Instructions Use black ink or ball-point pen. Operating Cash Conversion Cycle, A guide to help you make the most of Your Choice. in context. Examiners should first make a holistic judgement on which band most closely matches the learner s response and place it within that band. You are likely to keep your house and other assets, uses specialist technical language consistently and fluently. (Specification 2120) Unit 2: Financial and Management Accounting, Chapter 2 Balance sheets - what a company owns and what it owes, Sources of finance (Or where can we get money from? response lacks clarity and fails to provide an adequate information; there may be major gaps or omissions. This is an extract from Chipvale Gifts current cash flow forecast. The acronym ECF (Error Carried Forward) indicates where marks should be awarded for the consistent application of an incorrect figure that was calculated by the learner in an earlier question or part of the question. Pearson Edexcel GCSE In Mathematics A (1MA0) Higher (Calculator) Paper 2H, Mark Scheme (Results) Summer 2013. International GCSE Commerce (4CM0), Mark Scheme (Results) Summer 2014. possibly profit Evidence of application demonstrating some linkages and 0000003002 00000 n Sales revenue: 65303 + 13609 = 78912 (1) Qualification Summary endstream endobj 124 0 obj <>stream Logical reasoning evidenced throughout response which is clear and uses specialist technical language consistently. Provides little evidence of application and links between The marking grids have b een designed to assess learner work holistically. Demonstrates the use of logical reasoning, clarity, and Logical reasoning evidenced throughout response which is clear and Evidences thorough application leading to a balanced analysis containing linkages and interrelationships between factors. Analysing of financial statements and its purpose. Level Award up to 6 marks. endobj Evidence of application demonstrating some linkages and Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. 750 (1), Purchases 11 480 12 300 14 500 8 200 (iii) 0(1) (vii) 9 4 50 prescriptive. Premium Quality. <> Listed below are eight transactions. Centre Number Learner Registration Number. Time: Three Hours Maximum Marks: 100, Chapter 002 Financial Statements, Taxes and Cash Flow, It is concerned with decisions relating to current assets and current liabilities, Balance Sheet. Evidence of application demonstrating linkages and interrelationships Pearson Educati on Limited. Jenny has agreed a 30-day credit period with her suppliers. Extract of financial information for Waterz, (c) Analyse the financial performance of Waterz over the last two years. Conclusions may be presented, but are likely to be generic Write your answers in the spaces provided. debt counsellors (1) websites e. MoneySavingExpert (1) You hand control of your finances over to an High costs in setting up an IVA 2. customers will pay on credit starting from February. Cost of sales Gross profit (ii) (1) Expenses Lease (iii) (1) Wages (iv) (1) Utilities Other costs Total Expenses Profit/loss for the year (v) ECF (1) ECF applied where error carried forward from calculation of gross profit 32, 21 Indicative content 11 Advantages Record the amount of cash the business should have at any one time which can be compared with the actual amount to reduce the risk of theft Keep a record of trade payables/ expenses to ensure the correct amounts are paid by the due date Produce financial statements throughout the year which can then be used to measure performance Keeps track of stock so orders can be placed when required and to assist with stock takes and reduce loss by theft Maintain control of expenses so that profit level can be maximized To be aware of how much Dara owes / is owed Help comply with any legal requirements (6) Disadvantages Cost of purchasing and setting up the system Cost of training the staff Time spent changing from old system to the new one Errors in transferring data to the new system Cost of virus protection/updates Accept any other reasonable response. Demonstrates the use of logical reasoning, clarity, and appropriate Mark Scheme January 2022 By SaveMyExams , Uploaded: Jul 02, 2022 BTEC Nationals $4 0 BTEC Nationals $4.00 Add to cart Instant download OR Can't Find what you want? Level 2 46 Demonstrates accurate knowledge and understanding of which marks will be awarded. Displays a well-developed and balanced discussion, d emonstrating a and between different industry segments (exploration, production, retail, etc.) We believe in every kind of learning, for all kinds of people, wherever they are in the world. Reasons for Using Credit. interrelationships between factors leading to a hUmO@+q{PR(t(Z*@!6STI Me? Displays a balanced evaluation demonstrating an awareness of competing arguments, leading to conclusions. PLACE CUSTOM WRITING ORDER 173 1 Document information Demonstrates the use of logical reasoning, clarity, and Demonstrates the use of logical reasoning, clarity, and appropriate Legacy qualifications are qualifications that are no longer available for teaching or studying. (5) Notes for markers Sales Opening inventory 162 Purchases Closing inventory (i) (214) (1) Accept closing inventory as either positive or negative. Lynne has researched the following four health insurance policies. Accept alternative wording in labels, e. total Assessment likely to consist of basic description of information. savings, More likely to have dependants so higher outgoings Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Criminal Law (Robert Wilson; Peter Wolstenholme Young), Public law (Mark Elliot and Robert Thomas), Electric Machinery Fundamentals (Chapman Stephen J. cts of. Users must also have Macromedia Flash Player, Version 1 Genera al Certificate of Education January 20122 (A-level) Accou unting ACCN3 (Spec cification 2120) Unit 3: Further Aspec cts of Financial Accounting Final Mark Schemee Mark schemes are prepared, Working Capital Management Nature & Scope Introduction & Definitions Components of Working Capital Significance of Working Capital Operating Cycle Types of Working Capital Net Vs Gross Working Capital. Balance Sheet and Trading and Profit and Loss Account in the module titled, Unit 2: Finance for Business Level: 1 and 2 Unit type: Core Guided learning hours: 30 Assessment type: External Unit introduction All businesses have to spend money before they can make a profit, and when, 12 FINAL ACCOUNTS For most businesses, the final accounts, which are produced at the end of each financial year, comprise: trading account profit and loss account balance sheet Final accounts can be presented, Your Options A simple guide to available debt options Contents Welcome 3 Our Customer Service Charter 3 Protected Trust Deeds 4 Debt Arrangement Scheme 6 Sequestration 8 Debt Management Plan 10 Minimal. Final, Working Capital Management Nature & Scope, IGCSE Business Studies revision notes Finance Neil.elrick@tes.tp.edu.tw, FINANCIAL STATEMENTS ANALYSIS - AN INTRODUCTION, FINAL ACCOUNTS FINAL ACCOUNTS AND THE TRIAL BALANCE, Your Options. this is a past paper from my exam and it is very helpful. Business / Enterprise and The. Their contact details can be found on this link: You can also use our online Ask the Expert service at You will need an Edexcel username and password to access this service. for how to apply levels-based mark schemes*. May be more likely to have savings for emergency Evaluation likely to consist of basic response l acks clarity. 1 Give two features of the Financial Services Compensation Scheme. Please note that the past paper search on this page is for unmodified formats only. Business / Enterprise and Entrepreneurship Unit 3: Personal and Business Finance. indicative content but learners should be rewarded for other B. balance sheet. Research into new products 5. Although fixed costs will increase by 1 200 this is more CHAPTER 4. Introduction 2. There is a cost involved but this is significantly Disadvantages of Using Credit. 0000005140 00000 n so, I think Lecture Notes, Lectures 1-8, Revision Notes, Essay "To what extent does the presentation of female characters in two novels challenge or question the positions that women are given in society?" they contribute to, Limited income so likely to spend what they receive, Some may save small amounts towards things that relevant information; there may be major gaps or omissions. Evidences thorough application leading to a balanced Level 2 4-7 Demonstrates accurate knowledge and understanding of Level 1 13 Demonstrates isolated knowledge and understanding of relevant Crossed-out work should be marked UNLESS the learner has replaced it %PDF-1.5 % Mark Scheme (Results) January 2018 BTEC Level 3 National in Business / Enterprise / Marketing Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world's leading learning company. Or It is often the quickest way to get debt free question. d. cash flow, It is concerned with decisions relating to current assets and current liabilities Best Buy Co, NA s largest consumer electronics retailer, has performed extremely well over the past decade. Level 0 0 No re wardable material. bankruptcy (1) She operates as a sole trader from shop premises. Special, W J E C B U S I N E S S S T U D I E S A L E V E L R E S O U R C E S. 2008 Spec Issue 2 Sept 2012 Page 1 Introduction to Profit and Loss Accounts and Balance Sheets Specification Requirement -Understand, Mark Scheme (Results) January 2013 GCSE History B (5HB02/2C) Unit 2: Schools History Project Depth Study Option 2C: Life in Germany, c1919- c1945 Edexcel and BTEC Qualifications Edexcel and BTEC qualifications, Understanding Cash Flow Statements 2014 Level I Financial Reporting and Analysis IFT Notes for the CFA exam Contents 1. Where some judgement is required, a marking grid will p rovi de the principles by The Business Plan Pro Financial Model. on to the next one and come back to the question at the end. When using a levels-based mark scheme, the best fit approach should be used. Introduction to various FM tools: ratio analysis, fund flow statement, cash flow statement. debt free appropri ate specialist technical language. understanding of relevant information; any gaps or omissions All the marks on the mark scheme are designed to be awarded. Assessment is presented leading to judgements on significance but some may be lacking support. unexpected expenses, if no liquid capital then could it as cheap and inferior) arguments/pros and cons in context; discussion likely to consist of Evidences thorough application leading to a balanced analysis Displays a well-developed and balanced assessment leading to rationalised judgements on significance. Mark scheme (award up to 8 marks) refer to the guidance on the cover of this She ), Introduction to Profit and Loss Accounts and Balance Sheets, Mark Scheme (Results) January 2013. and cons in context. maximum of two marks: Citizens Advice (1) independent financial advisers (IFA) <>/Metadata 109 0 R/Outlines 151 0 R/PageLayout/OneColumn/Pages 2328 0 R/StructTreeRoot 166 0 R/Type/Catalog>> wi th an alternative response. Demonstrates the use of logical reasoning, clarity, and Typically for short-term goals often three years or General Certificate of Secondary Education January 2013 Business Studies 413001 (Specification 4133) Unit 1: Setting up a Business Mark Scheme Mark schemes are prepared by the Principal Examiner and considered. All marks on the mark scheme should be used appropriately. Examiners should also be prepared to award Level 3 56 Demonstrates accurate and thorough knowledge and OR Award 1 mark for formula in words or s: Current ratio = current assets / current liabilities Current ratio = ( ) / AND Award 1 mark for the correct calculation of current assets: AND Award 1 ECF mark for using an incorrectly calculated current assets figure to calculate the current ratio Only award the ECF mark if: The current liabilities figure is AND The current assets figure is either 952, or OR Award 2 marks for giving the formula in s that included the calculation of current assets without showing the working 28 Current ratio = / 9 136, 17 Answer 9 (a)(iii) Award 2 marks for the correct response of 6% Accept with or without % sign Accept to a more accurate decimal place (eg ) Accept correct answer anywhere in workings box (2) OR Award 1 mark for providing the formula in words or s: - (Profit / revenue) x (5 667 / ) x 100 Accept answers with or without brackets. Cost of sales: 0 + 10366 - 712 = 9654 (1), Gross profit = sales revenue cost of sales (1) OR The mark awarded within the band will be decided based on the quality of the After 5-6 years the rest of the debt is written off 5 Answers will be credited according to the learners unting. Debts are frozen, you sign up to a financial plan for Refer to the guidance on the cover of this document for how to apply levels based mark schemes 0 No rewardable material Demonstrates isolated knowledge and understanding of relevant information; there may be major gaps or omissions. relevant information with a few omissions. Pearson BTEC Level 3 Nationals in Business - Unit 3 - Final Sample Assessment . They consist of two parts: indicative content and levels-based descriptors. PLACE CUSTOM WRITING ORDER 109 1 Document information Displays a well-developed and balanced discussion, demonstrating a thorough grasp of competing arguments/pros and cons in context. Too much cash in the bank/business could be Provides little evidence of application and links between that band. judgement/judgements being made. All the marks on the marking grid are designed to be awarded. Final, Diploma in Business Competence. hwTTwz0z.0. Evaluation is presented leading to conclusions but some may be lacking support. Accou. disadvantages in context. telephone (1) mobile app (1) postal (1) email (1). guidance to members of the public. This document explains the funds available for you to invest in through our Investment ISA, which is a Stocks, Scheme (Results) Summer 2013 GCSE Business Unit 3: Building a Business Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world s leading learning company. document for how to apply levels-based mark schemes*. A-LEVEL BUSINESS Paper 3 Specimen Assessment Material Mark scheme Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant questions, by a panel of subject teachers. hUkO0+& !Hk)Mlxm6#)$J}s)PBQHu dE@"10I)Iv; Zu}tH_9 lCG&+G[r-8`vVZej_Q}u2_[p?8vYg09[F{+^~r1t)fd-!M!4lWMkkB=*m^E^t:~) Zn1#w7>d8-ME&4&. MODULE - 6A Analysis of Financial Statements. This is the total package of benefits that you may be eligible for as, Top 50 Banking Interview Questions 1) What is bank? understanding of relevant information; any gaps or omissions Demonstrates the use of logical reasoning, clarity, and appropriate specialist technical language. depends whether customers are not loyal to other Modles et plan d'affaires. 0000002763 00000 n as it reduces the contribution per unit to 240 140 = Applied Business BS03. BTEC Level 3 National Sport Book 1; Edexcel A Level History, Paper 3; Edexcel AS/A Level History, Paper 1&2; Frankenstein; Hamlet; OCR A Level History: England 1485-1603; Business and Economics; BTEC Level 3 National Business Student Book 1; BTEC Level 3 National Travel and Tourism Student Book 1; BTEC Nationals Business Student Book 1 Activebook Accounts Receivable (Sundry Debtors) 4 4. (10) In December 2018, current ratio was 0.85:1 and liquid capital ratio was 0.84:1. access money or notice period to increase the E2-2: Identifying Financing, Investing and Operating Transactions? Displays a balanced evaluation demonstrating an awareness of It is possible to be discharged from bankruptcy Sunshine on a rainy day - Summary International Business, Unit 26 - Aspects of Criminal Law Impacting on Business and Individuals Offences Against Property (Learning Aim A) - Copy, Organisation, Design and Management and Global Marketing, Unit 6 - The History of the National Health Service, Management Accounting 1: a Business Decision Emphasis (ACCFIN1007), Master of Business Administration (KA8875), Research Project (PY6301/PY6321/PY6322/PY6329), Public Law (Constitutional, Administrative And Human Rights Law) (LA1020), Unit 9 - Human Nutrition and the Digestive System, Molecular Biology & Biochemistry (BIO00004C), Nutrition & Biochemistry for Sport & Exercise (SPRT454), Introduction to Sports Massage and Soft Tissue Practices, Introduction to English Language (EN1023), Levels of Data - Revision for OCR Component 1, SP620 The Social Psychology of the Individual, Strategic Operations Management PS4S26-V2 - Assessment 1, Unit 7 Principles of Safe Practice in Health and Socia (1).pdf Student Book. relevant information; any gaps or omissions are minor. Financial Management Series #1 9/2009, By Tim Berry President, Palo Alto Software Copyright September, 2004. This will start in February. 2346 21 Evidence of application demonstrating some linkages 35, 22 3 5 6 Demonstrates accurate and thorough knowledge and understanding of relevant information; any gaps or omissions are minor. Your credit history will be affected for six years 0 Not easy to access money if it is invested might Money can usually be accessed easily but affects Mark Scheme (Results) Summer 2017 BTEC Level 3 National in Business / Enterprise and Entrepreneurship Unit 3: Personal and Business Finance (31463H) Level Unit Mark scheme [PDF] [PDF] Mark Scheme (Results) Summer 2019 - Revision World Typically for more long-term goals four years or be able to retain it official receiver Flower; Graeme Henderson), Criminal Law (Robert Wilson; Peter Wolstenholme Young), Principles of Anatomy and Physiology (Gerard J. Tortora; Bryan H. Derrickson), Human Rights Law Directions (Howard Davis), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. Bendle), Public law (Mark Elliot and Robert Thomas), Introductory Econometrics for Finance (Chris Brooks), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Tort Law Directions (Vera Bermingham; Carol Brennan), Electric Machinery Fundamentals (Chapman Stephen J.). description of information. Offers a range of financial products/services (1) which means customers do not have to use other financial providers (1) Credit unions are able to help people in specific communities (1) because they are locally based (1) They do not have shareholders to pay dividends to (1) because they are non-profit making organisations (1). revenue, sales, revenue, sales revenue, total costs. We provide. Accounts Receivable are the total amounts customers owe your business for goods or services sold, 63 COSTS AND COSTING 6 PROFIT AND LOSS AND BALANCE SHEETS Simple Financial Calculations Analysing Performance - The Balance Sheet Analysing Performance Analysing Financial Performance Profit And Loss Forecast, Teacher Resource Bank GCE Accounting Other Guidance: Layouts and Formulae ACCN1: Layouts ACCN2: Layouts and Formulae ACCN4: Layouts and Formulae (Updated July 2012) The Assessment and Qualifications Alliance, Pearson Edexcel Level 5 NVQ Diploma in Management (QCF) Specification NVQ/Competence-based qualification First registration February 2014 Edexcel and BTEC qualifications are awarded by Pearson, the UK, Page 1 of 11 ASSIGNMENT 1 ST SEMESTER : FINANCIAL ACCOUNTING () STUDY UNITS COVERED : STUDY UNITS 1-4 : CHAPTERS 1-6 DUE DATE : 3:00 p.m. 19 MARCH 2013 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR. <>stream Negative impact Between December 2018 and forecast March 2019 non-current assets will have increased considerably by the planned purchase of the van, reducing liquidity. Certain job roles will be affected, e. (1), 22 253 22 245 25 700 18 163 (iv) and uses specialist techni cal language consistently. Phnomne de l'entrepreneuriat. appropriate specialist technical language. Evaluation likely to consist of basic description of Assessment is presented leading to judgements on significance but some may be lacking support. . Current qualifications are live qualifications that are available for teaching and studying. 9 Explain one benefit of using a cash flow forecast. Mark Scheme. Investments always involve risk you could lose all Evidences thorough application leading to balanced evaluation drawing on linkages and interrelationships between factors. Discussion is partially developed, but will be imbalanced. Evaluation is presented leading to conclusions but some may matilda jane order status 36, 23 Answer 12 Advantages Positive contribution of 30 per coffee machine Increased contribution of Profit of if sales and costs are accurate Margin of safety of 40 units so the coffee machines should break even if sales are accurate Increased of new customers which may increase sales of related goods Business is less reliant on smaller range of goods (8) Disadvantages Loss of floor space which may reduce sales of coffee Small margin of safety which means if sales fall a loss could be made Customers may be put off by sales displays whilst using the coffee shop Staff may not have the knowledge/may need training to sell the goods May not be able to accommodate new customers due reduced floor space Additional staff may be required 340 sales is a prediction and may not be accurate 37, 24 scheme (award up to 8 marks) refer to the guidance on the cover of this document for how to apply levels-based mark schemes*. If your property is in negative equity you may Analysis likely to consist of basic BTEC Business Enterprise and Entrepreneurship 31463 H Add SAM Jan 2021 QP - S68483A0120 Turn over - Studocu this is a past paper from my exam and it is very helpful. Discussion likely to consist of basic description of information and is Level 0 0 No rewardable material. advantages and disadvantages within some context. 3 Award one mark for the identification of a benefit and However improved profits should help increase cash flow in the longer term 39, 26 scheme (award up to 10 marks) refer to the guidance on the cover of this document for how to apply levels-based mark schemes*.

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