Unit 3 - Level 3 (Year 2) - Personal and Business 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. Unit type: External Guided learning hours: 120

Index

  • Home Page
  • CPD

Learning aims

A: Understand the importance of managing personal finance 

B: Explore the personal finance sector

C: Understand the purpose of accounting 

D: Select and evaluate different sources of business finance 

E: Break-even and cash flow forecasts

F: Complete statements of comprehensive income and financial position and evaluate a business's performance.


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Introduction:

  • Unit Intro.
  • Unit aims'
  • Search Engine

Lecturer

Lecturer
David Hilton

Learning aims:

  • LO: A
  • LO: B
  • LO: C
  • LO: D
  • LO: E
  • LO: F

Essential information:

  • Assessment outcome
  • Grade descriptors
  • Key assessment terms

QR Code

QR Code

Bibliography

  • Personal and Business Finance 3
  • Shamrock organization
  • 4 common types of essays
  • Level 3: Management Accounting

Videos:

  • Introduction to BTEC Unit 3: Personal and Business Finance
  • BTEC Business, Level 3, Unit 3, Types of income (Business finance)
  • Breakeven analysis - revision-presentation
  • Strategy - Red Ant Vs Black Ant
  • Moodle questions

This unit relates to and draws on learning from the following units:

  • Unit 3: Personal and Business Finance
  • Unit 7: Business Decision Making
  • Unit 10: Recording Financial Transactions
  • Unit 11: Final Accounts for Public Limited Companies
  • Unit 12: Financial Statements for Specific Businesses
  • Unit 13: Cost and Management Accounting

Author's profile:

Mr David Hilton: MBA, MA (ODE), PGCE, QTLS, ADTLLS and HND Production Engineer

A level seven graduate with over 20 years' experience in the spheres of Production and Quality Assurance Engineering. Also, a former Co. Director with over 10 years’ track record of business success in the service sector. Currently a Business / IT Lecturer, Mentor, Coach and Learning Technologist with over 15 years’ experience of applying Traditional and Blended learning solutions within the FE (Further Education) and HE (Higher Educational) environments.

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