SCHEME OF WORK

GCSE BUSINESS
UNIT 1 SETTING UP A BUSINESS Finance
UNIT 2 GROWING AS A BUSINESS Finance

Topic What prior Diagnostic and Learning Talents Subject specific skills Suggested BLP Independent study Adaptations needed
knowledge will be summative and knowledge activities, resources tasks and for each ability
What will engage needed? assessment Which learning and opportunities to assessment pathway
pupils and make opportunities talents will be Which skills will be use the Learning
them curious? What prior skills will developed and at developed and at what Platform How will these be
be needed? How will these be what grade? grade? set, monitored,
How will this recorded and fed back assessed and
prepare pupils for What progress do to pupils? Specify the triggers Specify the triggers support progress?
GCSE/A Level? they need to make that will enable which will enable pupils
based on the last How will progress be pupils to move from to move from one grade
unit? monitored in the unit? one grade to to another.
another.
What outcomes are Highlight any
you planning for? opportunities for
examination or
controlled conditions
preparation.
Finance and Support Students need to be Sources of finance ppt
for a Small Business aware of the difficulties
sources of finance thatmany new businesses
sources and types of face when attempting
advice available to toraise funds.
WEEK BY WEEK BREAKDOWN

small businesses.
Students should be
familiar with the main
sources of finance
available to a small
business, including:
overdraft
bank loans and
mortgages
loans from friends
and family
grants

Students should be aware

of organisations thatcan
support small businesses. Support for small
businesses ppt
Finance for Large Students need to be Sources of finance ppt
Businesses familiar with the
sources of finance mainmethods that a large Finance Revision
available business might use to Activities students to
appropriateness of raisefunds. These include: navigate to Finance:
the sources. retained profits sources of finance
a new share issue
obtaining a
loan/mortgage
sellingunwanted
assets

Students should be able

to recognise
theadvantages and
disadvantages of each
method fora given
situation.
Financial Terms and Students need to AS AQA text book
Simple Calculations understand the terms: Prac ex 1 and 4 p119-
basic financial terms price 120
calculating profit and sales
loss. revenue From prac ex 4 plot
costs revenue, FC, VC, TC
profit on graph to show
the relationship relationship
between these

Students should be able

to perform simple
calculations based on
these figures todetermine
profit/loss.
Using Cash Flow Students should be able Cash flow ppt
interpreting simple to interpret simple
cash flow statements cashflow statements. Mix and match exercise
the importance of
cash flow statements Students need to Case studies in cash
identifying solutions understand the flow video (also refers
to cash flow problems. consequences ofcash to sources of finance)
flow problems and that
these could lead to Finance Revision
thebusiness going into Activities students to
receivership and closing navigate to Finance:
down. cash flow

Students should be able Completed Kerrys

to recommendpossible cashflow ex A Level
solutions to cash flow text book, Marcouse.
problems, such asre- Use to identify
scheduling payments and problems and suggest
receipts of income. solutions

Students will not be

expected to complete a
cashflow statement.
Profit and Loss FORMAL Students should The importance of
Accounts and Balance ASSESSMENT understand the business accounts ppt
Sheets importance of
purpose of financial a profit and loss account The importance of
statements and balance sheet to the business accounts
components of stakeholders when review (and answers)
financial statements assessing the
interpretation of data performance of the
given on financial business.
statements.
Students should be able
to identify the various Profit & Loss
components of a profit
and loss account and Profit & Loss ppt
balance sheet.
Rockwells Restaurant
Students should be able exercise
to make judgements on
the performance of a Simpsons Pies
business through exercise
interpretation of the
information contained in Paulas cars P&L ex
simplified versions of the
profit and loss accounts, Yasmin scarves P&L
balance sheet and by the ex
application of:
gross and net profit Old exam P&L
margins questions JAY exam
current and acid pack
test ratios
Balance Sheet
Students will be given the
relevant formulae for Balance Sheet 1 ppt
ratios, where appropriate, Balance Sheet 2 ppt
as part of the examination
paper. Balance sheet
explained video

Balancing Jessica
exercise

Balance sheet spot

check exercise

Bills balance sheet ex

Oriental balance sheet

ex

Old Balance sheet

questions JAY exam
pack

Finance Revision
Activities students to
navigate to Finance:
business accounts