Unit 3 is an external examination worth 35% of your final qualification The exam is in May 2020 This is a essential part of the course success and marks in this unit will have a HUGE impact on your overall achievement in the course. Unit 3 - Personal FInance. business of using a debenture as a source of income and one During the staging of the event, learners must show that they have played a part in managing aspects of the day. What if she is made redundant / furloughed? They should use at least two of these techniques for the award of C.P5 and more for the higher criteria. & \text{Prepaid Rent} \ldots\ldots\ldots & \text{4,500}\\ 12. Unit 3: Personal And Business Finance . dr awing on linkages and interrel ationships between factors. \text{\_\_\_\_\_\_11.} Section B the part with all formulas is 2/3 of the marks for the WHOLE paper. Contribution Per Unit x Margin of Safety. unit 3: personal and business finance grade boundaries Th 2016 OSCA materials include an example of learner work for Learning Aims B-E. As well as investigating ideas for an event, learners should consider actual big events theyve had experience of; they must consider the factors which these events have in common to make them successful to meet B.P3. within the levels represent the progression of these skills. Part S is completed on a computer. Unit 3: Personal and Business Finance Revision Booklet 1 Learning Aim A: Understand the importance of managing personal finance, including: Functions and Role of Money (A1) Different ways to pay (A2) Current Accounts (A3) Managing Personal Finance (A4) Note: Unit 3: Personal and Business Finance covers both personal and business finance. endstream Torecordreceiptofunearnedrevenue.E. The cost (in dollars) of producing these units is given by the joint-cost function C(x,y)=x2+xy+y2C(x, y)=x^2+x y+y^2C(x,y)=x2+xy+y2. Torecordthisperiodsuseofaprepaidexpense.H. 4 Award one mark for identification of an advantage to the consumer of using a \text{\_\_\_\_\_\_4.} If Stefani can get a 0% card, Many providers offer additional incentive to encourage balance transfers, Put the money saved from 0% interest into a savings account and earn money on it, Consolidate any other debts into one payment, May get an increased limit by switching provider which could positively impact on her credit, May encourage excessive borrowing if credit limits are increased, Inability to find a 0% balance transfer offer could prove very expensive, Transfer limit usually applies so she can only transfer so much, Credit card provider might try and encourage the purchase of additional products, which she, Other purchases made on the card may be charged at the standard rate of interest, Increasing her credit card balance may affect Stefanis credit rating/score, which could affect, Given recent lockdown issues it might mean Stefani has been unable to go on holidays. Courtesy car is an additional cost (but might not want to have this We want to see a valid analysis of key factors, including awareness of the importance of contingency planning for C.M3. Levels-based mark schemes (LBMS) have been designed to assess learner work Personal and business finance exam unit 3 - The Student Room 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. \text{\_\_\_\_\_\_10.} Learning Aim E should use a named, selected business which is trading internationally, and looks at strategic and operational issues. startxref Prepare a vertical analysis of Fantasy Football's 2018 and 2017 balance sheets. 120 . Torecordanaccruedrevenue.G. \text{\_\_\_\_\_\_5.} 14. ______1.______2.______3.______4.______5.______6.______7.______8.______9.______10.______11.______12.InterestExpenseInterestPayableDepreciationExpenseAccumulatedDepreciationUnearnedProfessionalFeesProfessionalFeesEarnedInsuranceExpensePrepaidInsuranceSalariesPayableCashPrepaidRentCashSalariesExpenseSalariesPayableInterestReceivableInterestRevenueCashAccountsReceivable(fromconsulting)CashUnearnedProfessionalFeesCashInterestReceivableRentExpensePrepaidRent1,0004,0003,0004,2001,4004,5006,0005,0009,0007,5002,0002,0001,0004,0003,0004,2001,4004,5006,0005,0009,0007,5002,0002,000. Drug-List - A list of all drugs required for the exam including they receptors, action. BTEC Business Revision Unit 3 - Personal 36 terms. All learners must receive the same treatment. It means that the performance and asking/answering of analytical questions can be authenticated by the internal verifier and standards verifier. re sponse l acks clarity and fails to provide an adequate answer business to plan (1), 10b Award three marks for the correct response of 20%. Where some judgement is required, mark schemes will provi de the principles by BTEC Business unit 3 personal and business finance. <> Torecordthisperiodsdepreciationexpense.\begin{matrix} \text{\_\_\_\_\_\_ 12.} Z,-lq}r Q Unit 3: Personal and Business FinanceThe exam. startxref Evidence of application demonstrating some linkages and 2 0 obj D.Torecordreceiptofanaccruedrevenue. In this pack you will find PowerPoints (with tasks including practice exam questions), templates and handouts. The controlled conditions for this unit allow learners to: Learners must not have access to the Internet, email, or any other resources aside from their permitted notes. DIFFERENT WAYS TO PAY The use of money as a payment method, advantages and disadvantages of: cash debit card credit card cheque electronic transfer direct debit standing order pre-paid cards contactless cards charge cards store cards mobile banking Bankers Automated Clearing Services (BACS) Faster Payments Service (FPS) Clearing House Automated Payment System (CHAPS). Learners can use their time with Part A to annotate the research pack and to prepare up to two sides of A4 notes to take into the Part B supervised assessment. Examiners' reports are the communication channel between senior examiners and teachers and contain an explanation of how the senior examiners have interpreted the mark schemes as well as examples of both good and poor candidate responses. Points are awarded on a sliding scale between the grade boundaries based on the number of raw marks achieved by each learner. endstream CURRENT ACCOUNTS Different types, features, advantages and disadvantages, different services offered: standard packaged, premium basic student, 6. & \text{Salaries Expense} \ldots\ldots\ldots & \text{6,000}\\ hmkAl)ag-$4!/z5SkI}i ;9uN(%Udm-+AhX(J(N+ZDO`ZlCq M\#E_ex)g0Lr^5rl0eIRYUuQuu)2FPhy{U]+}]Bga;+W$q.\m)GdKM/9Y`J~(UU\R%>>ofGn'[" #(tiQAxOk/XO1=RvfL^X ',X%z to the question. This full unit covers all learning aims for Unit 3: Personal and Business Finance. understanding of relevant inf ormation; any gaps or omissions are Compliance (preventing fraud, compliance with law and regulations). 3. 7. This unit will also give learners an insight into where they can get financial advice and support. schemes. & \text{Insurance Expense} \ldots\ldots\ldots & \text{4,200}\\ 1833 0 obj <>/Filter/FlateDecode/ID[<0BC5FEDC42DE804896A605C58003AB09>]/Index[1820 28]/Info 1819 0 R/Length 83/Prev 341460/Root 1821 0 R/Size 1848/Type/XRef/W[1 3 1]>>stream \text{Total assets} & \underline{\underline{\$ 4,000,000}} & \underline{\underline{\$ 3,800,000}}\\ <>/Filter/FlateDecode/ID[<77D1072CAEB1B2110A00F08B18E6FD7F>]/Index[1895 29]/Info 1894 0 R/Length 73/Prev 591381/Root 1896 0 R/Size 1924/Type/XRef/W[1 3 1]>>stream 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. The specification for each unit includes the assessment criteria and guidance for assessors in the section headed 'Essential information for assessment decisions'. All of the forms required for assessment and verification can be downloaded from the web site. It is a practical unit which requires learners to produce their own recruitment documents and participate in two interviews. You may prefer to write your own assignment briefs. Xaxie2000. For this unit it is expected that learners will work in small groups. perception of where the grade boundaries may lie. 12 000 1 200 = 10 800 (deduction of delivery cost), Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Introductory Econometrics for Finance (Chris Brooks), Public law (Mark Elliot and Robert Thomas), Human Rights Law Directions (Howard Davis), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. Bendle), Rang & Dale's Pharmacology (Humphrey P. Rang; James M. Ritter; Rod J. Personal Finance Unit 3 Test Flashcards | Quizlet Our Assessment plan for 2017-18 for the Level 1 / 2 BTEC first Award in Business Learners have 4 hours a week Units chosen are: Unit 1 - Enterprise in the Business World Unit 2 - Finance for Business -External Exam unit Unit 7 - Providing Business Support Unit 8 - Recruitment, Selection and Employment First year delivering Level 2 after a break of 2 years - might deliver unit 1 and 7 together . 1. A valid assignment will enable a clear and formal assessment outcome based on the assessment criteria. securely all bullet points are displayed at th at band. \text{Notes payable} & \text{$760,000$} & \text{$760,000$}\\ Resources - Unit 3: Personal and Business Finance ( Exam) 2019 papers and mark schemes : January 20 paper and mark scheme : New format exam 80marks : PLCs Personal and Business finance : Unit 3 Powerpoint notes : Learning Aim E Workbook.docx : Learning Aim F.docx : Practice questions Business Finance.docx: