The F292 case studies are often based on an actual business. In this case it might be this one:
They were the subject of a Telegraph Business Club article a few years ago.
Here is a video of one of the directors talking about the business:
And here is an example of some stonemasonry to give you an idea what it involves.
Thanks to this site for these resources
Shots from board from today.
Remember to read through the APT notes on the accounts for Monday and to complete the questions on the case study.
For final accounts the focus is on who they might be of use to and what they show in general rather than very detailed analysis because we do not do ratio analysis until A2
Links
Q&A links from tutor2u on accounting and finance
Balance sheet basics revision presentation tutor2u - more depth than you need
The Basics of Profit tutor2u
Profit interactive quiz – tutor2u
Top right should read asset = liabilities + capital
Bottom right shows key evaluation techniques
1. how many employees do they have?
2. what financial resources do they have?
3. What skills do the employees have?
4. Do they have any investment plans or have they made a recent investment
can they afford them?
was the investment successful
5. People – who are their managers? What is their management style
6. How do they motivate staff
7. Are there any motivation problems? Why?
8. What do they sell, good or service?
9. Who do they sell to? How does this make a difference?
10. What features make the product unique?
11. What is the price? How is price determined?
12. Do not assume that the general public is the customer -> total change in promotion and price when selling to business customers
13. What promotion do they do? Is it successful?
14. What does the business actually want to achieve?
15. Who is their competition?
16. How are they affected by the current context – credit crunch, recession etc
1. Some context factors are topic based, others are more general
1. Assets – what are the firms key assets/strengths
2. Competition – who are they
3. Customers – trade or consumers, what type of market etc?
4. Environment – the competitive environment PEST, SLEPT, PESTLE
5. Stakeholders – who are the main stakeholders – attitudes etc
6. Success – Is the firm failing or succeeding, What is it trying to achieve?
Filed under a2bus
1) Quizzes on moodle
If you wish to add multiple choice/gap fill/ true or false type questions that you would like to use in moodle there are a number of options.
The quizzes can be used to
· Check understanding
· To check required reading has been undertaken
· As additional practice
You can create then:
· using hotpototes (available on the network) which is easy to use
· You can use a content Authoring Tool such as eXe learning or Xerte toolkits to create whole learning packages
· You can use the quiz tool or lesson tool in moodle to create questions. This is an very comprehensive tool but can be slow to create lots of questions
· You can import questions into moodle using a number of formats such a the AIKEN format
One method that has been around for a while but I had never used until recently is to use a special word document template to create the questions. The best explanation of how to use it is here created by an American moodle use Deb Burdick-Hinton(video explanations):
Using the Word to Moodle XML Template – Part 1
Using the Word to Moodle XML Template – Part 2
Inserting Graphics in Word-XML TemplateThe template is here: http://finemetronome.com/moodle/
A benefit of using this method is that it is easy to include images and as the questions are added to the moodle question bank they can be easily reused and edited in different quizzes.
2) Microsoft add-in for Moodle
Microsoft have also created an add-in for moodle that allows you to edit office files directly on your moodle course. This means that you can update your files on moodle without having to download them make changes and upload the new ones – it should make keeping your documents current much quicker. I am trialling it at the moment and we may install it across college (you need admin rights to install on your PC). If you install it at home it does take a little while to install and run the first time.
Filed under Uncategorized
Photo credit: clarita from morguefile.com
Evaluation skills are vital in AS and A2 business. Not evaluating in your answers means a D or E grade in your module results.
Start every evaluation question with this fact in mind. Be thinking all the way through about how you might make a judgement. You can do this by actively asking yourself questions as you develop your analytical points.
If you identify something as a problem, for example a lack of cashflow,
For any of these points you must explain why it is true and it must be in context. This is not simply using the name of the firm but identifying what it is about the business and its situation that makes your point (particularly) significant.
You can make a judgement in your opening paragraph but it must be supported by your arguments. Most students find it easier to try to evaluate at the end of each line of argument by considering what the point developed might depend on and in a conclusion by for example identifying which point might be most significant in the businesses circumstances
