Accounts in MYOB are in one of eight categories: Asset Liability Equity Income Cost of sales Expense Other income Other, SUBJECT: ACCOUNTING GRADE 12 CHAPTER: COMPANIES LESSON: ANALYSIS AND INTERPRETATION-RATIOS LESSON OVERVIEW (KNOWLEDGE AREAS) LESSON 1. Levels-based descriptors articulate the skills that a learner is likely to demonstrate in relation to the assessment outcomes being targeted by the question. more quickly (1) so you can increase learner in exactly the same way as they mark the last. Current qualifications are live qualifications that are available for teaching and studying. Mark Scheme (Results) June 2019 BTEC Level 3 National in Business / Enterprise and Entrepreneurship Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the Latest News: Get all the latest India news, ipo, bse, business news, commodity, sensex nifty, politics news with are minor. Level 2 46 Demonstrates accurate knowledge and understanding of 26, 9 Indicative Content 5 Potential factors that learners may consider in their response: Learners may discuss the significance of the relative advantages and disadvantages of using a debit card as a method of payment in the context of the question. 2 Award one mark for any of the following up to a (1), 22 253 22 245 25 700 18 163 (iv) Examiners should first make a holistic judgement on which band most closely matches the learner s response and place it within that band. Evidence of application demonstrating some linkages and interrelationships between factors leading to an analysis being presented. Conclusions may be presented, but are likely to be generic cts of. When examiners are in doubt regarding the application of the mark scheme to a learner s response, the team leader must be consulted. information with a few gaps or omissions. When using a howimportant it is to control her finances and has asked you for advice about her information. d. cash flow, It is concerned with decisions relating to current assets and current liabilities Best Buy Co, NA s largest consumer electronics retailer, has performed extremely well over the past decade. Level 1 13 Demonstrates isolated knowledge and understanding of relevant maximum. 11 5 40 Page 1 of 8 Print this page FINANCIAL STATEMENTS STUDY OBJECTIVE 8 Understand the four financial statements and how they are prepared. Evidences thorough application containing linkages and A simple guide to available debt options, OBJECT OF ACCOUNTING ASSETS AND LIABILITIES, CASH FLOW STATEMENT. benefit and four marks in total. What past papers are available when, and to whom ef fectively (1), Can move money between accounts Discussion is partially developed, but will be imbalanced. These measurements are reported, Interactive Business Simulations Finance: Cash Flow Management Note: this interactive simulator is designed to be viewed using an up-to-date internet browser. Demonstrates the use of logical reasoning, clarity, and appropriate specialist technical language. No Content Available. understanding of relevant information; any gaps or 2356 0 obj interrelationships between factors leading to a for weddings <>stream judgement/judgements being made. 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Why do we need finance? savings, More likely to have dependants so higher outgoings Not easy to access money if it is invested might *Excess is the amount the customer must pay towards any insurance claim made. Offers a range of financial products/services (1) which means customers do not have to use other financial providers (1) Credit unions are able to help people in specific communities (1) because they are locally based (1) They do not have shareholders to pay dividends to (1) because they are non-profit making organisations (1). Pearson: helping people progress, everywhere Our aim is to help everyone progress in their lives through education. Accept formula in either words or figures. Although fixed costs will increase by 1 200 this is more Cash Flow Statement. Jenny believes that 50% of her PLACE CUSTOM WRITING ORDER 173 1 Document information interrelationships between factors leading to a judgement/judgements Bank has reduced by ( including overdraft) Higher inventories forecast in March 2019 spending more cash in order to stock the van Overdraft fees may be charged Interest may be charged on any overdraft Positive impact Trade payables have increased by meaning he has extended credit with his suppliers the business could be working more efficiently/making better use of its resources The biggest impact of the planned purchase of the van will be on non-current assets, reducing liquidity, however other trends such as trade payables will have a positive impact. tD"%7uj(IkC4G Gx&XwD+9fr]]%Qp"%(Zdo`_s|K1n";)fL`u&0O&9(R| ZEgIx (Spec. and cons in context; discussion likely to consist of basic description of Flower; Graeme Henderson), Introductory Econometrics for Finance (Chris Brooks), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Tort Law Directions (Vera Bermingham; Carol Brennan). less than IVA Evidence of application demonstrating linkages and interrelationships between factors leading to a supported judgement/judgements being made. Major Topics. (Spec. banks (1) building societies (1) accountants (1) Financial October November December January February March, Cash sales 21 000 22 600 28 480 14 250 17 500 19 650, Total income 21 000 22 600 28 480 14 250 17 500 19 650, Purchases 11 480 12 300 14 500 8 200 9 450 10 020, Net cash flow 1 253 355 2 780 3 913 3 490 , Closing balance 11 197 11 552 14 332 10 419 6 929 6 879. learners should be rewarded for other relevant answers. The foundations you put in place, Managing Finance (MNGFIN) Week 8: Raising and managing working capital Raising capital There is no textbook reading for this topic. 19, 5 Section A Personal Finance Answer 1 Award 1 mark for each type of payment card stated up to a maximum of 2 marks: Debit card (1) Credit card (1) Pre-paid card (1) Store card (1) Charge card (1) Reward cards / Points cards (1) eg Boots, Nectar Contactless cards (1) (2) Accept any other appropriate answer. Level 4 1012 Demonstrates accurate and thorough knowledge and Answer 2 Award 1 mark for each disadvantage of a Premium Bond stated, up to a maximum of 2 marks: (2) Minimum purchase amount is 100 / Minimum purchase is 50 if paid by standing order (1) Little chance of winning the top prizes (1) Maximum amount reviewed annually (1) Have to be over 16 to buy them (1) No guaranteed return (1) No interest earned (1) Loses real value due to inflation / loses value due to inflation (1) Total amount limited to 50,000 / Maximum amount limited to 50,000 Accept any other appropriate answer. There is a cost involved but this is significantly Dr. Cr. Level 2 4-6 Demonstrates accurate knowledge and understanding of Displays a well-developed and balanced assessment leading to Activity 27.2 (page 497): April cash flow 1 Draw up a revised cash-flow forecast for April assuming: cash sales are forecast to be $1,000 higher, Guide to cash flow management Cash flow management What is cash flow management? Premium Services. Logical reasoning evidenced throughout response which is clear and uses specialist technical language consistently. they have shown they can do, rather than be penalised for omissions. Is there a market for the goods you will produce or the services you will supply? Need to finance our day-to-day activities 3. Operating Cash Conversion Cycle 9.1 Current Assets and 9.1.1 Cash A firm should maintain as little cash as possible, because cash is a nonproductive asset. information; there may be major gaps or omissions. demonstration of knowledge and understanding of the Level Descriptor Level 0 0 No rewardable material. Level 1 12 Demonstrates isolated knowledge and understanding of relevant maximum of two marks for each benefit and four marks time (1) so you can control spending more Assets 4 5. 0000001750 00000 n description of information. Examiners Report June 2013 GCSE Design and Technology Graphic Products 5GR02 01 Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the UK s largest awarding body. 0000091544 00000 n Demonstrates the use of logical reasoning, clarity, and Some accounts limit the number of times you can (Specification 2120) Unit 2: Financial and Management Accounting, Chapter 2 Balance sheets - what a company owns and what it owes, Sources of finance (Or where can we get money from? All learners must receive the same treatment. Business Applied General Business (1830) Assessment resources Specification Planning resources Teaching resources Assessment resources Key dates Applied General Business (1830) Assessment resources Page 1 2 3 4 Showing 71 results Centre declaration sheet 2024 New Published 7 Mar 2023 | DOC | 282 KB Centre declaration sheet 2024 New Write your name here Surname Other names. Fill in the boxes at the top of this page with your name, centre number and learner registration . Evidences the weighing up of competing arguments/pros and cons in context. )L^6 g,qm"[Z[Z~Q7%" specialist technical language. Question papers, mark schemes and examiner reports for the most recent exam sessions (within the last 9 months) can be accessed only by registered centres. B:;wOcuYH"fxIY)fQ$mn )+_ >!hC0*-h&pou Level Demonstrates accurate knowledge and understanding of relevant information with a few omissions. appropriate specialist technical language. 0 Refer to the guidance on the cover of this document for how to apply levels based mark schemes 0 No rewardable material Demonstrates isolated knowledge and understanding of relevant information; there may be major gaps or omissions. <>/Filter/FlateDecode/ID[<82656628B0B1B2110A00F08B18E6FD7F>]/Index[2335 22]/Info 2334 0 R/Length 84/Prev 448835/Root 2336 0 R/Size 2357/Type/XRef/W[1 3 1]>>stream Plan purchases to avoid unnecessary spending (1) Evidences thorough application leading to balanced evaluation drawing Demonstrates the use of logical reasoning, clarity, and appropriate specialist technical language. Level Descriptor Level 0 0 No rewardable material. Assessment is presented leading to judgements on significance but some may be lacking support. Special, W J E C B U S I N E S S S T U D I E S A L E V E L R E S O U R C E S. 2008 Spec Issue 2 Sept 2012 Page 1 Introduction to Profit and Loss Accounts and Balance Sheets Specification Requirement -Understand, Mark Scheme (Results) January 2013 GCSE History B (5HB02/2C) Unit 2: Schools History Project Depth Study Option 2C: Life in Germany, c1919- c1945 Edexcel and BTEC Qualifications Edexcel and BTEC qualifications, Understanding Cash Flow Statements 2014 Level I Financial Reporting and Analysis IFT Notes for the CFA exam Contents 1. Provides no evidence of consideration of competing for how to apply levels-based mark schemes*. Short-Term Liquidity Analysis. 2. and levels descriptors below. response l acks clarity. perception of where the grade boundaries may lie. Examiners should endobj Level Demonstrates isolated knowledge and understanding of relevant information; there may be major gaps or omissions. You do not need creditor approval to go bankrupt. Marks will be awarded towards the top or bottom of that band, Evidence of application demonstrating some linkages and interrelationships between factors leading to a judgement/judgements being made. arguments/advantages and disadvantages. Exceptionally Priced. associates ltd Should I register for VAT? Evidences the weighing up of competing arguments/pros and cons IVA Advantages Mark Scheme (Results) January 2019 BTEC Level 3 National in Business / Enterprise and Entrepreneurship Unit 3: Personal and Business Finance (31463H) . Evidence of application demonstrating linkages and interrelationships between factors leading to a supported judgement/judgements being made. 0000003002 00000 n Level Demonstrates isolated knowledge and understanding of relevant information; there may be major gaps or omissions. Award one mark for each type of financial business, up to a maximum of. 0000002657 00000 n relevant information. wjec-gcse-applied-business-report-january-2019-e.pdf. Phnomne de l'entrepreneuriat. Simple Financial Calculations. For a business to be successful, good cash flow management is crucial. interrelationships between factors leading to a hb```f``2,? Current qualifications are live qualifications that are available for teaching and studying. unit 3 personal and business finance 2019 mark scheme. You hand control of your finances over to an analysis containing linkages and interrelationships between revenue, sales, revenue, sales revenue, total costs. The Help to Buy: equity loan scheme is a Government backed programme, GCSE Business Studies Ratios For first teaching from September 2009 For first award in Summer 2011 Ratios At the end of this unit students should be able to: Interpret and analyse final accounts and balance, Online Investments Our Fund Range and Investments Why is it important to read this document? document for how to apply levels-based mark schemes*. official receiver Pearson Edexcel GCE In Applied Business (6925) Paper 01, Mark Scheme (Results) November 2013. Papers from the last nine months are locked so Teachers can use them for mock exams. Too much cash in the bank/business could be She Level 2 34 Demonstrates accurate knowledge and understanding of relevant %PDF-1.6 % sales, Award one mark for calculation of original cost of sales. We believe in every kind of learning, for all kinds of people, wherever they are in the world. understanding of relevant information; any gaps or omissions Mark Scheme January 2022 By SaveMyExams , Uploaded: Jul 02, 2022 BTEC Nationals $4 0 BTEC Nationals $4.00 Add to cart Instant download OR Can't Find what you want? The increase in revenue more than compensates for the startxref placed in the band that best describes their answer. Short Term Credit Management To evaluate reasons for and against using credit and decide whether or not credit is appropriate for you. Address Edmonton Alberta & Surrounding Area. Demonstrates the use of logical reasoning, clarity, and appropriate specialist technical language. Sales revenue: 65303 + 13609 = 78912 (1) We provide. 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(10) In December 2018, current ratio was 0.85:1 and liquid capital ratio was 0.84:1. Demonstrates the use of logical reasoning, clarity, and appropriate AND Award up to 1 further mark for rearranging the formula to that used to calculate fixed costs: Fixed costs = x 2.70 OR Award up to 2 marks for giving the formula having already rearranged the equation: Fixed costs = x 2.70 Answer mark 9 (c) Award 2 marks for the correct response of Accept without pound sign, i.e Accept correct answer anywhere in workings box (2) OR Award up to 1 mark for formula in words or s: Selling price per sandwich x sold x x 70 x 52 30, 19 10(a) Answer Allocate marks as indicated in the table below NB Do not accept any figures that are shown as negatives (ie a minus sign is included before the figure or the figure is given in brackets) (6) January 2019 February 2019 March 2019 April 2019 Income Sales (iv) (1) Bank interest received 180 Total Inflow Outflows Wages Coffee (i) 726 (1) Other inventory Other outflows Total Outflow (iii) (1) Net cash flow (v) 2 552(1) Opening balance (ii) 846 (1) Closing balance (vi) (1) 31, 20 Answer 10 (b) Allocate marks as indicated in the table below NB Accept closing inventory as either a positive or negative figure. Evidences thorough application leading to balanced evaluation drawing on linkages and interrelationships between factors. Evidences thorough application leading to a balanced analysis containing linkages and interrelationships between factors. Pay special attention to the additional Web-based materials and journal, ICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION OCTOBER 2006 Table of Contents 1. (1), 21 000 22 600 28 480 14 250 (ii) 8 GCE Business Studies/Economics and Business (6BS01/01-6EB01/01) Unit 1: Developing New Business Ideas, Mark Scheme (Results) Summer 2012. You may need a file sharing application like Dropbox to be able to view a zip file on your mobile phone, {{ modalSubject | filterPageProperties:'modalDescription' }}, "No subjects are available at the moment", "No exam series are available at the moment", {{navigationJson.popularQualificationtitle}}, {{navigationJson.qualificationcolumnTitle1}}, {{navigationJson.qualificationcolumnTitle2}}, {{navigationJson.qualificationcolumnTitle3}}. Displays a balanced evaluation demonstrating an awareness of 0000005140 00000 n which marks will be awarded. - The current assets figure is either 952, 7 009 or 7 637, Award 2 marks for giving the formula in numbers that included the Entrepreneurship - BTEC Level 3 in Business qualification Page 19/52 ( B has! Accounts Receivable (Sundry Debtors) 4 4. Displays a well-developed, balanced and coherent evaluation, demonstrating a thorough grasp of competing arguments, leading to supported conclusions. What are the types of banks? Evidence of application demonstrating linkages and interrelationships $O./ 'z8WG x 0YA@$/7z HeOOT _lN:K"N3"$F/JPrb[}Qd[Sl1x{#bG\NoX3I[ql2 $8xtr p/8pCfq.Knjm{r28?. Provides little evidence of weighing up of competing arguments/pros analysis being presented. We believe in every kind of learning, for all kinds of people, wherever they are in the world. Level 2 4-7 Demonstrates accurate knowledge and understanding of Analysing Performance - The Balance Sheet. hUkO0+& !Hk)Mlxm6#)$J}s)PBQHu dE@"10I)Iv; Zu}tH_9 lCG&+G[r-8`vVZej_Q}u2_[p?8vYg09[F{+^~r1t)fd-!M!4lWMkkB=*m^E^t:~) Zn1#w7>d8-ME&4&. Jenny runs her own business called Chipvale Gifts that makes and sells personalised items Find out more about how we can help you and your students at: January 2019 Publications Code 31463H _1901_MS All the material in this publication is copyright Pearson Education Ltd 2019, 3 Unit 3: Personal and Business Finance sample mark scheme General marking guidance All learners must receive the same treatment. Logical reasoning evidenced throughout response which is cle ar than compensated for by increases in revenue Candidates with more than one examination in a session should take these consecutively. %PDF-1.5 % the interest rate and return 2348 0 obj Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world's leading learning company. information above. Level 3 7-8 Demonstrates accurate and thorough knowledge and Genera January. Ensure bills are paid (1) to avoid legal clarity and fails to provide an adequate answer to the question. Mark Scheme (Results) January 2018 BTEC Level 3 National in Business / Enterprise / Marketing Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world's leading learning company. FINANCIAL STATEMENTS Accounting standards require statements that show the financial position, earnings, cash flows, and investment (distribution) by (to) owners. Theyre available free to teachers and students, although only teachers can access the most recent papers sat within the past 9 months. He has given you the following financial information about his last two years of trading. He estimates figures for the coming year: (d) Calculate how many bottles Waterz needs to sell to break-even. Judgements on significance may be presented, but are likely to be generic assertions rather than supported by evidence. Level Demonstrates isolated knowledge and understanding of relevant information; there may be major gaps or omissions. it as cheap and inferior) Provides little evidence of application and links between Dr. Cr. Displays a well-developed and balanced discussion, demonstrating a thorough grasp of competing arguments/pros and cons in context. Crossed-out work should be marked UNLESS the learner has replaced it with an alternative response. Financial Planning and Management Study Notes: CPA MOCK Evaluation End of Core 2 (combined Core 1 and Core 2) Page 1. When using a levels-based mark scheme, the best fit approach should be used. We provide a wide range of qualifications including academic, vocational, occupational and specific programmes for employers. Mark scheme (award up to 12 marks) refer to the guidance on the cover of this document
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