would comply with accounting concepts, Give greater tax benefit in early years which would help grow the Unit 3.3 Unit Assessment (Vol 1) for AQA A-Level Business Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bottle of water rises as he pumps more. Evaluation is presented leading to conclusions but some may be There are four externally assessed units and they are either of 90 or 120 GLH. %PDF-1.7 % Courtesy car is an additional cost (but might not want to have this They will be able to predict probable consequences, identify faulty arguments or misrepresentations of information or data, compare information and data, provide reasonable alternatives, and evaluate and justify proposed solutions. endobj PDF Level 3 Cambridge Technicals in Business - Oxford, Cambridge and RSA After each exam series, the Lead Examiner for each unit writes a report to provide feedback to teachers. Prevents overstating the vehicles value so would comply with 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. endstream <> Contains: Revision checklist. ju dgement/judgements being made. (b) What kinds of assistance might a poor family be able to get from the government? 1897 0 obj In class example, twice as much because you are paying not only for the item you purchased but the right to borrow the money as well (interest). 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. Attainable IxP'Prd,E00 sgT31:/RcJ{Eg6i{ The specification for each unit includes the assessment criteria and guidance for assessors in the section headed 'Essential information for assessment decisions'. @]2]!fki0;*|N rHs1/89wi4K@T'UXmXNNBy`Y@;D1m SA Learners could therefore choose a different business to ones already used, or use one already researched for the other LAs. Conclusions may be p resented, but are li kely to be generic Business enterprise Level 3 100% (1) 10. co. uk/index. perception of where the grade boundaries may li e. All marks on the mark scheme should be used appropri atel y. Unit 2: Finance for Business Gg. (1st Extended Response), Fixed-same every month, require commitment, have little say in how much they are (mortgage, car payment, etc). \text{Retained earnings} & \underline{2,209,400} & \underline{2,044,400}\\ Students also viewed Exam 10 October, questions and answers View grade boundaries from the most recent exam series Find all available grade boundaries Step 1. more value in the earlier years. endobj PDF Grade Boundaries - Edexcel & \text{H. To record payment of a prepaid expense. In Unit 7 learners draw together learning from previous units in the qualification. Section B the part with all formulas is 2/3 of the marks for the WHOLE paper. }\\ & \text{Rent Expense} \ldots\ldots\ldots & \text{2,000}\\ A more mundane business, like Aldi, offers more potential. The materials already provided here will remain, along with lots of new revision resources. CONSUMER PROTECTION IN RELATION TO PERSONAL FINANCE Function, role and responsibilities of: Financial Conduct Authority (FCA) Financial Ombudsmen Service (FOS) Financial Services Compensation Scheme (FSCS) legislation consumer credit. -Accrues interest Personal Finance Unit 3 Test Term 1 / 39 A financial plan to effectively and efficiently use a person's limited resources. \text{\_\_\_\_\_\_2.} information. <> Different insurance products: products (car, home and contents, life assurance and insurance, travel, pet, health) different types of insurance policy for each product features of different types of insurance advantages and disadvantages of different types and features. Emma_Upson. CURRENT ACCOUNTS Different types, features, advantages and disadvantages, different services offered: standard packaged, premium basic student, 6. Analysis likely to consist of basic description of information. An Administrative Support Guide is available to help guide you through the assessment process. Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications. BaakliniC10019. Wtt Yd3 V7NFyU4?' `A{I/mfXD %UR,+D}ABQy] 1,[L"K LkB All these documents are required as a minimum. examiners must mark Skip to document Sign inRegister Sign inRegister Home Ask an ExpertNew My Library endobj endstream endobj 1821 0 obj <>/Metadata 56 0 R/Pages 1818 0 R/StructTreeRoot 84 0 R/Type/Catalog/ViewerPreferences 1835 0 R>> endobj 1822 0 obj <>/MediaBox[0 0 594.96 842.04]/Parent 1818 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1823 0 obj <>stream Actual Sales - Break-Even Level of Output. assertions rather than supported by evidence. TorecordthisperiodsearningofpriorunearnedrevenueC. schemes. (. Evidences thorough appli cation leading to balanced evalu ation Measurable 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 \text{Long-term assets:} & \text{ } & \text{ }\\ So learning the formulas is important. 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. Evidences the weighing up of competing arguments/pros and All learners must receive the same treatment. Gives you security in case something happens \quad & \text{Prepaid Rent} \ldots\ldots\ldots & \quad & \text{2,000}\\ 0 The reason for this is because in the unit specification, A3 covers support for business operating internationally and this has to be analysed for A.M1. Content area A UNIT 3. A financial plan to effectively and efficiently use a person's limited resources. Unit 1 assignment 2 grade d achieved jbcjobcjo. Finance exam 2017 (edited 4 years ago) 0. . Summer 2023 Series: English Language A2 Unit 3 Examination: 17 Aug: AS/A Level Results Day : Get the latest subject updates within the levels represent the progression of these skills. BTEC Business Level 3 Introduction - JCB Academy Units - Diploma Unit 1 - Exploring Business Unit 2 - Developing a Marketing Campaign Unit 3 - Personal & Business Finance Unit 4 - Managing an Event 7. The BTEC Centre Guides below provide guidance on how to run the assessment of internally assessed units. Generic organisation charts and generic coverage of what different departments do is not appropriate. arguments/pros and cons in context. relevant information; there may be major gaps or omissions. uses specialist te chnical language consistently and fluently. Margin of Safety. SCORES and Grade POINTS TARGET! Businesses like Coca Cola, Apple, Nike are not good choices for this unit. \quad & \text{Accumulated Depreciation} \ldots\ldots\ldots & \quad & \text{4,000}\\ Mark schemes should be appli ed positively. For example, if the grade boundary for a Distinction is 29, then 29 is the minimum mark atwhich a Distinction can be achieved. Unit 3: Personal and Business FinanceThe exam. All the units can be sold for p=100xp=100-xp=100x A. Resources - Unit 3: Personal and Business Finance ( Exam) Supply and demand curves are illustrative, but they should be clearly explained, and referenced. unit 3: personal and business finance grade boundaries unit 3: . 11. The points scores available for each external unit at grade boundaries are as follows: Unit Size 90 GLH 120 GLH Unclassified 0 0 Near Pass 6 8 Pass 9 12 Merit 15 20 . Planning tools, such as cash flow forecasts and break-even, will be prepared and analysed and measuring the financial performance of a business will require learners to prepare and analyse statements of comprehensive income and statements of financial position. Part B is a three-hour supervised assessment taken on the timetabled date set by Pearson. information. Eswatini (/ s w t i n i / ESS-wah-TEE-nee; Swazi: eSwatini [swtini]), officially the Kingdom of Eswatini and formerly named Swaziland (/ s w z i l n d / SWAH-zee-land; officially renamed in 2018), is a landlocked country in Southern Africa.It is bordered by Mozambique to its northeast and South Africa to its north, west, south, and southeast. BTEC Level 3 Business: Unit 3 Personal & Business Finance A1 Function 100 marks available Job Application Form Template word. internet or who choose not to use this method (1) reducing anxiety of To achieve this Distinction criterion, market structure, including supply and demand and how these affect pricing and output decisions should be explored for D.P6 and assessed for D.M4. Learning Aims B & C are both concerned with planning the event and this work should be done before the event is staged. For C.D2 learners need to make a judgement on how well the chosen business is affected by the environment in which it operates, and show they understand and can use a variety of situational analysis techniques. To record this periods depreciation expense. Torecordthisperiodsuseofaprepaidexpense.H. endstream endobj startxref Prepare a vertical analysis of Fantasy Football's 2018 and 2017 balance sheets. So, this unit works best if learners choose contrasting businesses which originate in the UK. Or you could ask the learners to write a report. They must show they understand why the business adheres to ethics and legislation, not just that there are laws to protect people.

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