BTEC Level -3 Certificate in BusinessASSESSMENT MATRIXQUALIFICATIONBTEC QCF L3 BUSINESS STUDIESYEAR2016

ASSESSOR NAME

LEARNER NAMEREGISTRATION NO.

UNIT NO. AND TITLEUNIT 2 : BUSINESS RESOURCES

Date issued:Review-1Review-2Review -3

Date of final Submission:

AssignmentTaskPassMeritDistinction

Assignment-I1P1

2P2

M2

Assignment-23P3

4M1

Assignment-35P4

6P5

7M3

8D2

Assignment-49P6

10M4

11D3

Assignment-512P7

13D1

Grades Achieved

P1P2P3P4P5P6P7M1M2M3M4D1D2D3

Final Grade AwardedPassMeritDistinction.

Assessors Signature IV Signature:

Date:Date:

Learner declaration I, hereby confirm that this assignment is my own work and not copied or plagiarized. It has not previously been submitted as part of any assessment for this qualification. All the sources, from which information has been obtained for this assignment, have been referenced. (Harvard Format). I further confirm that I have read and understood the Roots Business School rules and regulations about plagiarism and copying and agree to be bound by them.

Learners Signature Date:

Unit 2 - Business ResourcesUnit code: Y/502/5409QCF Level 3: BTEC NationalCredit value: 10Guided learning hours: 60Aim and purposeThe aim of this unit is to develop learner knowledge of the range of human, physical, technological and financial resources required in an organisation, and how the management of these resources can impact on business performance.Unit introductionAt the core of every organisation are the human, physical, technological and financial resources that enable it to function. This unit will give learners a broad understanding of the importance organisations place on managing their resources efficiently in order to achieve their objectives. It is important that learners are able to relate their understanding of resource management to a real organisation. This will provide an essential link between theory and practice. Understanding how these resources are managed is one of the keys to assessing how well the organisation is performing. The first part of this unit explores the range of human, physical and technological resources for a selected organisation. Learners will investigate the importance of managing these resources efficiently. The contribution that recruiting and retaining suitable staff can make to the organisations performance is examined. The importance of managing the organisations physical and technological resources efficiently is also explored. For an organisation to survive its finances need to be sound and secure. The second part of the unit explores the sources of financial resources available to organisations. The level of an organisations performance can be seen in its financial statements. The unit aims to develop knowledge and understanding of the financial statements and it underpins other financial units in the qualification. This part of the unit focuses on the interpretation and analysis of financial documents in order to highlight the need for the monitoring and control of costs and budgets. It is important that learners appreciate that poor management of resources can have a negative impact on an organisations performance. Learning outcomesOn completion of this unit a learner should: 1 Know how human resources are managed 2 Know the purpose of managing physical and technological resources 3 Know how to access sources of finance 4 Be able to interpret financial statements.Unit content1 Know how human resources are managed Human resources: staffing to meet changing business demands; coordination of team resources to meet targets; monitoring of team performance; liaison with other departments; establishment of professional culture eg levels of formality, separation of professional from private activities; provision of appropriate incentives; encouraging creativity and initiative; outsourcing versus in-house decisions Maintenance of operation: adequate resources to meet tasks eg staffing, equipment, working capital, facilities, administration; monitoring; troubleshooting and problem solving Human resources: recruitment and retention; suitably skilled staff; contracts of employment; job descriptions Employability skills: suitable qualifications; experience in similar role; knowledge of products/services; experience of specific industry; effectiveness in meeting personal and team/departmental targets; ability to observe and raise professional standards of production/service delivery Personal skills: patient; hardworking; able to work as part of a team; good interpersonal skills; cooperating with others eg line managers, colleagues; negotiation eg in seeking agreements, resolving conflicts, agreeing targets, agreeing budgets; interviewing skills2 Know the purpose of managing physical and technological resources Physical resources: buildings and facilities; materials and waste; plant and machinery; equipment including ICT; planned maintenance and refurbishment; emergency provision; insurance; security Technological resources: intellectual property eg designs, drawings, text, music, video; accumulated experience and skills; software licences; protection via patents and copyrights3 Know how to access sources of finance Internal sources: owners savings; capital from profits External sources: banks eg overdraft, business loan, commercial mortgage, venture capital, hire purchase, leasing, factoring, share issues4 Be able to interpret financial statements Costs and budgets: costs managed to budget (fixed costs/variable costs, monitoring budgets and variances); breakeven; bidding to increase future resources eg capital grants, investment; provision of appropriate liquidity/working capital; provision of appropriate reserves to address emergencies/crises Financial statements: profit and loss (purpose and use, measure of trading performance, establishing profit figures) and balance sheet (purpose and use, establishing net worth, business valuation) Basic ratios: to determine solvency eg current ratio, acid test ratio; to determine profitability eg gross profit percentage; net profit percentage; return of capital employed; to determine performance eg stock turnover, debtors collection period, asset turnover.Assessment and grading criteria In order to pass this unit, the evidence that the learner presents for assessment needs to demonstrate that they can meet all the learning outcomes for the unit. The assessment criteria for a pass grade describe the level of achievement required to pass this unit.

GRADING CRITERIA

PassMeritDistinction

To achieve a pass your work must:To achieve a merit your work must:To achieve a distinction your work must:

LO covered: LO1: Know how human resources are managed

P1Describe the recruitment documentation used in a selected organizationM1Explain how the management of human, physical and technological resources can improve the performance of a selected organizationD1Evaluate how managing resources and controlling budget costs can improve the performance of a business

P2Describe the main employability, personal and communication skills required when applying for a specific job role M2Assess the importance of employability, and personal skills in the recruitment and retention of staff in a selected organisation

LO covered: LO2: Know the purpose of managing physical and technological resources

P3Describe the main physical and technological resources required in the operation of a selected organisation

LO covered: LO3: Know how to access sources of financeLO covered: LO4: Be able to interpret financial statements

P4Describe the sources of internal and external finance for a selected business

P5Interpret the contents of a trading and profit and loss account and balance sheet for a selected companyM3Interpret the contents of a trading and profit and loss account and balance sheet for a selected company explaining how accounting ratios can be used to monitor the financial performance of the organizationD2Evaluate the adequacy of accounting ratios as a means of monitoring the state of the business in a selected organisation, using examples

P6Illustrate the use of budgets as a means of exercising financial control of a selected companyM4Analyse the reasons why costs need to be controlled to budget.D3Evaluate the problems they have identified from unmonitored costs and budgets.

P7Illustrate the financial state of a given business.

Assignment BriefUNIT NO. / TITLE Unit 2 : BUSINESS RESOURCES

QUALIFICATIONBTEC QCF L3 BUSINESS STUDIES

LEARNER NAMEREGISTRATION NO.

ASSESSOR

ISSUE DATEDEADLINE DATE

FINAL SUBMISSION DATE

Task 1P1 Describe the recruitment documentation used in a selected organization. M1 Explain how the management of human, physical and technological resources can improve the performance of a selected organization. D1 Evaluate how managing resources and controlling budget costs can improve the performance of a business. Student Guide lines Step 1 Student should find out what is recruitment process in any organization of their choice. (This includes steps like Job analysis, job description, Job specifications, Notice advertisement, Selection ) Students can annex the documents and formats for the selected organization.This will provide Evidence for P1Step 2 Student should identify what are the human, physical and technological resources of organization (like Land and Buildings, furniture and fixtures, equipment, software etc.) Student should explain how these resources are effectively used for the growth of the company of their own choice. This will provide Evidence for M1Step 3 You need to rank order the most important aspects that help the business to improve and evaluate how effective they are in improving the businessSuggest improvements required to manage the resourcesThis will provide Evidence for D1

Task 2P2 Describe the main employability, personal and communication skills required when applying for a specific job role.M2 Assess the importance of employability, and personal skills in the recruitment and retention of staff in a selected organizationStudent Guide lines1. An organization wants to hire a sales representative. This is a new post that has been created. You have been asked by the sales manager to do the following:Define the job role of a sales representative by listing out and describing the employability, personal and communication skills required for this post. Analyze why each one of these skills is necessary for the job role and how this helps in retention of an employee at this post. This will provide Evidence for P2, M2

Task 3P3 Describe the main physical and technological resources required in the operation of a selected organizationStudent Guide lines1. Take a business organization of your choice. (This may be an organization you are doing your internship in or somewhere your family or friends work or own). Make small report by listing out the different physical and technological resources used in the organization. If you like you may depict in a tabular form.Resource typeBrief DescriptionUse in the Business Organization

Physical Resources:

Buildings and Facilities

Materials and Waste

Plant and machinery

Equipment including ICT

Vehicles

Fixtures and Fittings

Maintenance and refurbishment

Emergency provisions

Security

Technological Resources:

Computers, Mobiles

Internet

Intellectual property

Software licenses

Protection via patents and copyrights

Accumulated experience and skills of staff

This will provide Evidence for P3

Task 4M1 Explain how the management of human, physical and technological resources can improve the performance of a selected organization.Student Guide lines1. You have already examined the human, physical and technological resources for a selected organization.2. You should support your explanation with relevant examples and more detail considering any limitations that might be placed on managers working with these resources. You may also highlight which are the most and least important for the business.

This will provide Evidence for M1

Task5P4 Describe sources of internal and external finance for a selected business Student Guide lines1. In your report you need to describe the sources of finance for business organization. The range of internal and external sources should be more than just a list. The sources should be relevant to the local business. Ensure that you include :a) Internal sources: Owners savings/capital and capital from profits (student should identify these sources of finance arise for new business or an existing business. Student can choose any type of business like sole trading, partnership or a joint stock company.)b) External sources: student should identify various secured loans,(debentures, bonds, commercial mortgage, venture capital, hire purchase, leasing, and factoring etc.), Unsecured loans(Bank overdraft, business loan, creditors etc) and other current liabilitiesc) Prepare a presentation to highlight where business can obtain money from, including both internal and external sources. This will provide Evidence for P4

Task 6P 5 Interpret the contents of a trading and profit and loss account and balance sheet for a selected companyTask 6

Student Guide lines1. PROFIT & LOSS ACCOUNT: Below are the figures that Joe McIntyre has I order to prepare his Profit and Loss Account. He would like you to use these figures to calculate his gross and net profit.

ParticularsAmount (2012)

Sales90000

Opening stock10000

Purchases50000

Wages30000

Carriage inward10000

Rent5000

Rates and insurance3000

Advertising10000

Salesmen salaries10000

Bad debts2000

2. BALANCE SHEET: Below are the figures for the balance sheet of Joes Caf. You are required to calculate the totals cost for Fixed Assets, Current Assets, Net Assets, and Net Assets employed.

ParticularsAmount (2012)

Land and building1,50,000

Machinery1,80,000

Vehicles100000

Stock7000

Debtors40000

Bank balance20000

Creditors18000

Bills payable75000

Provision for Taxation19500

Proposed Dividends12500

Long term loans1,15,000

Capital1,30,000

General reserve82000

Adjustments:

Closing Stock is Rs. 34000

Depreciate Machinery by 10%

Depreciate Vehicles by 2.5%

Using the profit and loss account and balance sheet, explain the highlighted features of the account.

This will provide Evidence for P5

Task 7M3 Interpret the contents of a trading and profit and loss account and balance sheet for a selected company explaining how accounting ratios can be used to monitor the financial performance of the organization.

Student Guide lines1. Explain the ratios for Joes Caf by showing your workings and giving an explanation of the meaning of the result.2. Using the following headings, explain the relevance of each ratio.A) Gross Profit RatioB) Net Profit RatioC) Current RatioD) Acid Test RatioE) Debtors DaysF) Return on AssetsG) Fixed Assets Turnover RatioH) Dividend Coverage RatioI) Working Capital Turnover Ratio

This will provide Evidence for M3

Task 8D2 Evaluate the adequacy of accounting ratios as a means of monitoring the state of the business in a selected organisation, using examples.

Student Guide lines1. Use P5(Task 6) for evaluating the accounting ratios which are calculated in M3 (Task 7). Interpretation should be given.

This will provide Evidence for D2

Task 9P6 Illustrate the use of budgets as a means of exercising financial control of a selected company

This will provide Evidence for P6

Task 10M4 Analyse the reasons why costs need to be controlled to budget.

Student Guide lines1. Explain the advantages of budgeting and budgetary control.2. Evaluate the problems in budgeting.3. Explain the importance of cost reduction.

This will provide Evidence for M4

Task 11D3 Evaluate the problems they have identified from unmonitored costs and budgets.

Student Guide lines1. Define what variance are (favorable and adverse). Examine the problems of not monitoring a business budget. State what might happen if budgets are not managed properly.

This will provide Evidence for D3

Task 12P7 Illustrate the financial state of a given business

Student Guide lines1. Ratios are used to assess how well, or badly a business is doing. The different categories are below:A) Solvency Ratios: Current Ratio, Acid Test RatioB) Profitability Ratios: Gross Profit %, Net Profit %, Return on Capital Employed (ROCE)C) Performance Ratios: Stock turnover, Debtors Collection Period, Asset Turnover.Calculate all the ratios for Joes Caf using the financial documents.These could be displayed in a table to help your comparison. This will provide Evidence for P7

Task 13D1 Evaluate how managing resources and controlling budget costs can improve the performance of a business.

Student Guide lines1. You need to rank order the most important aspects that help the business to improve and evaluate how effective they are in improving the business.2. Evaluate the performance of the business in the above P6 associated Task3. Suggest improvements required to manage the resources.

This will provide Evidence for D1

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