Grade Booster BTEC National Business Unit 3

Course outline

SECTION 1: INTRODUCTION AND OVERVIEW

• Course Introduction
• Exam Paper Overview
• How Your Paper is Marked

SECTION 2: 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

SECTION 3: UNPICKING THE DEMANDS OF DIFFERENT QUESTION STYLES

• Introduction to the Different Question Styles
• Section A & Section B: 1-4 Mark Questions
• Tackling the Discuss Question: Section A (Personal Finance)
• Tackling the Discuss Question: Section B (Business Finance)
• Practice Discuss Question: Section B
• The 12-Mark Evaluate Question: Section A Focus (Personal Finance)
• The 12-Mark Evaluate Question: Section B Focus (Business Finance)

Session 4: Nailing the Numbers and Calculations

• Cash Flow Forecasts
• Completing a Cash Flow Forecast
• Break-even Analysis: Costs and Sales
• Calculating Break-even
• 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
• Merasuring Liquidity: Current Ratio & Liquid Capital Ratio
• Inventory Turnover
• Trade Receivables Days and Trade Payables Days
• Limitations of Ratios
• Mark Up
• Statement of Comprehensive Income (SOCI)
• Statement of Financial Position (SOFP) Including Adjustments
• Depreciation