Business & Finance

Our Business Studies staff

We have 3 fulltime members of the Computing/Business Studies Department.

  • 2 x teachers of Computing, Business and Finance
  • 1 x teacher specialising in Computing

All members of the department teach across Key Stages 3, 4 and 5. David Jenkins (Vice Principal T&L) teaches the Year 11 GCSE Business Studies class (2017 leavers).

Business – KS4 Examination Course

We are following the OCR course which covers the following modules:

  • Unit A291 – Marketing and Enterprise
  • Unit A292 – People in Business
  • Unit A293 – Production, Finance and the External Environment

(http://www.ocr.org.uk/qualifications/gcse-business-studies-j253-from-2012/)

Study Guide

Unit A291 A292 A293
Unit title Marketing Types of Business Activity

 

Production, Finance & External Business Environment
Course Content Analysing the market

Market Research

Data Collection

The Marketing Mix

Price

Product

Place

Promotion

Enterprise

Business Planning

 

Business Objectives

Stakeholders

Organisation/Growth

Location

Sole Proprietors and Partnerships

Private and Public Limited Companies

Other Types of Business Organisation

Employment/retention

Motivation/Training

Employment Law

Trade Unions

Communication

ICT and Communication

Organisation Charts

 

Types and Control of Production methods

Quality and Productivity

Revenue, Costs and Break even

Sources of Finance

Profit/loss accounts

Cash Flow

Competition Business Ethics Environmental Influence

Demand

Globalisation

Supply/Demand

The European Union

 

Type of Assessment Controlled assessment

(10 hours)

1 Written exam (1hour) 1 written exam

(1½ hours)

25% 25% 50%
Assessment Date Summer Term 2016 24th May 2017 9th June 2017
Mock Exams June 2016 November 2016 February 2017

KS5 – Finance

CeFS develops the knowledge and skills required for young people to make informed financial decisions by introducing them to the risks and challenges involved in personal finance and the tools for effective planning. Within this, it provides a solid basis for creating financial inclusion, by exploring social-economic trends and their relationship with an individual’s circumstances and attitudes.

We study 2 units across 2 years:

Unit 1 – Financial Capability for the Immediate and Short Term Unit 2 – Financial Capability for the Medium and Long Term
Students will gain an appreciation of why money is important through focusing on what money is; attitudes to it; and how it can affect life choices.

 

Students will gain the ability to plan and manage their financial needs in the medium and long-term, with particular reference to the importance of the need to budget for future aspirations and life events.
Part A = 1 x multiple choice examination

Part B = 1 x written examination

Total 100 marks available for the unit

Part A = 1 x multiple choice examination

Part B = 1 x written examination

Total 100 marks available for the unit

Part A = 35 multiple choice questions in a 45-minute examination. Part B = pre-release case study requiring essay responses to 5 questions in a 105-minute examination.  Part B will also assess spelling, punctuation and grammar (SPAG)

Grading

The overall qualification will be graded A* – E. To achieve a pass, students must achieve a pass of 40% of the Uniform Mark Scheme (UMS) in both units. Units will be graded with pass / fail only.

Key content areas

  • Importance of financial capability in the immediate, short, medium and long term.
  • Financial services and products, including sources of help and advice.
  • Borrowing, budgeting, financial planning and cash flow forecasting.
  • The impact of external influences at different stages in the personal life cycle.
  • Risk and reward in managing personal finance.

Key skills developed

The qualification will encourage students to:

  • analyse financial information, financial services products and services and begin to make judgements about suitability for people in different circumstances.
  • develop an understanding of financial concepts and terminology to enhance financial literacy.
  • analyse, synthesise, evaluate and reflect.
  • demonstrate numeracy skills, including the ability to manipulate financial and other numerical data to reflect the conceptual activity of financial maths.
  • select appropriate data and information to make arguments.
  • structure and communicate ideas logically and coherently.
  • increase your ability to work and learn independently.

What progression does the CeFS qualification offer?

The skills and knowledge developed in CeFS can be extended by taking two further units to form LIBF Level 3 Diploma in Financial Studies (DipFS), or by other options for Further or Higher Education study. CeFS offers maximum 70 UCAS points which can contribute to your university entry.

Teaching and Learning

GCSE Business Studies gives students a detailed look into how a business works. The subject uses an analytical, evaluative and investigative approach. Students complete most of their work using ICT and particularly use the Microsoft application, Class OneNote, which is an electronic workbook. This means all of their work is accessible to them whether in class or at home. It also means the teacher can have access to the work at the same time.

We want our Business Studies students to have a happy and successful learning experience. Conversations about how students can develop their learning are at the heart of business lessons. Students learn best in a positive, supportive and consistent environment and we ensure well prepared and stimulating lessons are delivered. This enables business students to make progress and strive to achieve their potential in Business Studies.

Extra Curricular

Students are encourages to carry out wider reading tasks and revision tasks. Homework is set regularly and students often complete this in their ClassNote. We are trying to encourage wider links with business and are looking to arrange visits to aid and support delivery for unit A293.

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