| Term 1 | Unit 3: Personal and Business Finance | |
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| 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 |
| Assessment: | Key Words and Terms |
| |
| Term 2 | Unit 3: Personal and Business Finance continued | |
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| 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 |
| Assessment: | Key Words and Terms |
| |
| Term 3 | Unit 3: Personal and Business Finance AND Unit 8: Recruitment and Selection Process | |
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| 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 |
| Assessment: External examination Unit 3
and
Assessment 1 | Key Words and Terms |
| |
| Term 4 | Unit 8: Recruitment and Selection Process | |
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| 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 |
| Assessment: Assessment 2 to be completed for Learning Aim B | Key Words and Terms |
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| Term 5 | Unit 8: Recruitment and Selection Process 2 | |
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| Work will be based around the assessment for learning aim C. |
| Assessment: Assessment 3 to be completed for Learning Aim C | Key Words and Terms |
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