Unit 1 – Financial planning and analysis
Investigate why business enterprises plan their finances & the key elements of financial planning that managers and entrepreneurs must understand.

• Apply knowledge and understanding of business planning and analyse why this is important to an enterprise.
• Apply knowledge and understanding of the different types of legal structures available to a business enterprise and analyse the advantages and disadvantages for different businesses and scenarios.
• Apply knowledge and understanding of the different sources of finance available to an enterprise and analyse how they can be used to operate and expand an enterprise.
• Apply knowledge and understanding of costs and revenue and analyse why the relationship between cost and revenue is important for managers and entrepreneurs.
• Apply knowledge and understanding of how profit/surplus is calculated.
• Apply knowledge and understanding of break-even.
• Analyse the importance of cash-flow and profit to the survival of a business enterprise

Specific topics include:
Business Planning
Legal Structure of business
Financing the enterprise
Costs and revenue
Making a profit or surplus
Break-even
Cash-flow

Unit 2 – Business Dynamics
Performance outcome 1: Understand business organisations.
Specific topics include:
Business markets, vision and aims
Stakeholders and ownership
Business organisation
 
Performance outcome 2: Investigate business advantages.
Specific topics include:
Recruitment
Organisational types
Competitive Advantage
 
 

Unit 1 – Financial planning and analysis

Investigate the key elements of financial planning that managers and entrepreneurs must understand. Also to consider how managers and entrepreneurs monitor the financial performance of an enterprise.

• Apply knowledge and understanding of costs and revenue and analyse why the relationship between cost and revenue is important for managers and entrepreneurs.
• Apply knowledge and understanding of how profit/surplus is calculated.
• Apply knowledge and understanding of break-even.
• Analyse the importance of cash-flow and profit to the survival of a business enterprise
• Apply knowledge and understanding of using budgets for an enterprise and analyse how budgets can monitor financial performance.
• Analyse and evaluate the benefits of producing budgets to monitor an enterprise.
• Analyse and evaluate the use of break-even analysis to monitor an enterprise.
• Apply knowledge and understanding of income statements, statements of financial position.

Specific topics include:

Costs and revenue

Making a profit or surplus

Break-even

Cash-flow

Budgets

Using break-even

Interpreting financial information

Unit 2 – Business Dynamics

Performance outcome 2: Investigate business advantages.

Specific topics include:

Recruitment

Organisational types

Competitive Advantage

Performance outcome 3: Consider business dynamics.

Specific topics include:

Competitive Position

Management policies to improve competitive position

Unit 1 – Financial planning and analysis

Consider how managers and entrepreneurs monitor the financial performance of an enterprise and assess information to enable stakeholders to make decisions about the financial performance of an enterprise.

• Apply knowledge and understanding of using budgets for an enterprise and analyse how budgets can monitor financial performance.
• Analyse and evaluate the benefits of producing budgets to monitor an enterprise.
• Analyse and evaluate the use of break-even analysis to monitor an enterprise.
• Apply knowledge and understanding of income statements, statements of financial position.
• Apply knowledge and understanding of ratio analysis in order to analyse financial statements.
• Analyse and evaluate financial and market information to inform future decisions of an enterprise.
• Analyse and evaluate the value of financial and market information for different shareholder perspectives.

Specific topics include:

Budgets

Using break-even

Interpreting financial information

Interpreting financial ratios

Market information

Stakeholder perspective

Unit 2 Business Dynamics

Performance outcome 3: Consider business dynamics.

Specific topics include:

Competitive Position

Management policies to improve competitive position

Performance outcome 4: Assess business potential

Specific topics include:

Internal business strengths and weaknesses

External business opportunities and threats

Unit 2 Business Dynamics

Performance outcome 4: Assess business potential

Specific topics include:

Internal business strengths and weaknesses

External business opportunities and threats

Unit 3 Entrepreneurial opportunities

Performance outcome 1: Understand enterprising behaviour.

Specific topics include:

Enterprising behaviour

Innovation, risk and uncertainty

Myers-Briggs personality types and enterprising behaviour

Performance outcome 2: Investigate customer value propositions for personal enterprise.

Specific topics include:

Potential target markets

Support network

Selecting a customer value proposition for personal enterprise

Performance outcome 3: Consider marketing and operations activities for personal enterprise.

Specific topics include:

Marketing Activities

Operations activities

Viable personal enterprise

Performance outcome 4: Review the risks and uncertainties of personal enterprise.

Specific topics include:

Risks and uncertainties

Contingencies

Unit 3 Entrepreneurial opportunities

Performance outcome 1: Understand enterprising behaviour.

Specific topics include:

Enterprising behaviour

Innovation, risk and uncertainty

Myers-Briggs personality types and enterprising behaviour

Performance outcome 2: Investigate customer value propositions for personal enterprise.

Specific topics include:

Potential target markets

Support network

Selecting a customer value proposition for personal enterprise

Performance outcome 3: Consider marketing and operations activities for personal enterprise.

Specific topics include:

Marketing Activities

Operations activities

Viable personal enterprise

Performance outcome 4: Review the risks and uncertainties of personal enterprise.

Specific topics include:

Risks and uncertainties

Contingencies

Unit 8: Marketing communications
 

Performance outcome 1: Investigate small business marketing communications

Specific topics include:

Marketing communications

Marketing communications channels