Grade Booster Online BTEC National Business Unit 3

Course outline

Unit 3 Introduction and Overview

• Course introduction
• Exam paper overview
• How your exam paper is marked

Developing the assessment skills

• Knowledge & Understanding - Introduction & Section A (Personal Finance)
• Knowledge & Understanding - Section B (Business Finance)
• Application - Writing in Context
• Well-Developed Paragraphs, Balance and Analysis
• Effective Evaluation

Unpicking the demands of different question styles

• Introduction to the different question styles
• Section A & Section B: 1-4 Mark Questions
• Tackling the 6-mark discuss question: Section A (Personal Finance)
• Tackling the 6 -mark discuss question: Section B (Business Finance)
• Practice 6-mark question: Section B
• The 12-mark evaluate question: Section A (Personal Finance)

Nailing the numbers and calculations

• Cash flow forecasts
• Completing a cash flow forecast
• Break-even analysis: costs and sales
• Calculating break-even output
• Break-even analysis: break-even charts
• Break-even analysis: break-even and contribution
• Break-even analysis: Uses of Break-even
• Break-even analysis: analysing & evaluating break-even
• Gross profit and gross profit margin
• Net profit and net profit margin
• Return on capital employed (ROCE)
• Mark Up
• Merasuring liquidity: current ratio & liquid capital ratio
• Inventory turnover
• Trade receivables days and trade payables days
• Limitations of financial ratios
• Statement of comprehensive income (SOCI)
• Statement of financial position (SOFP) including adjustments
• Depreciation