Business Studies at Sixth Form

AS/A2 Level Business Studies

Our relationship with the sixth form is very much a partnership where we work together to help the students achieve the highest possible grade.  This is only possible with co-operation and so as a department we ask for full commitment and work to be completed on time.

As students are studying 4 AS Levels or 3/4 A2 Levels they should spend at least 2 periods a week of their private study time on Business Studies.  The time should be spent on note preparation, going over and completing class work and making sure all notes are up to date if they have been absent from class for any reason.  Homework set assumes that on top of private study time the students spend 3 hours a week on written homework, reading business related articles, viewing relevant TV programmes and visiting relevant websites as recommended.  This does not include revision, which must be ongoing and start inside the first month.  We will feel free to test anything studied previously at any time.

AS Outline

The AS specification has 2 units:

Units

 

Assessment

% Weighting

Unit 1: The Competitive BusinessCandidates should acquire a critical understanding of the central purpose of business activity and become familiar with the different forms of business organisations that exist.

They are also expected to acquire a critical understanding of the marketing and operations management content outlined below. When considering marketing aspects, candidates should appreciate the markets and environment in which the business operates in and understand how businesses try to meet the wants and needs of customers.

Candidates should understand the necessity for quality, investment and productivity in today’s business and be able to identify the factors which affect them.
Written Paper:
1 hr 30mins (80 Marks)

Exam completed in in June.

2 compulsory structured data responses (40 marks).
50% of total AS marks
25% of total A Level marks
Unit 2:
Managing Business Resources
Candidates will be expected to understand the impact of various management and organisation structures for a business and its employees.

They must also appreciate the role of accounting and financial information as an aid to decision-making and financial control.
Written Paper:
1hr 30 mins (80 marks)

Exam completed in June.

2 compulsory structured data responses (40 marks).
50% of total AS marks
25% of the total A Level marks

A2 Outline

The A2 specification has 2 units:

Units

 

Assessment

% Weighting

Unit 3: Making Business DecisionsCandidates will be expected to recognise potential conflict between the objectives of different stakeholder groups and suggest and evaluate resolutions to such conflict.

They must also appreciate the role of accounting and financial information as an aid to decision-making and financial control.
Written Paper: 2 hrs (80 marks)

Exam completed in June.

1 compulsory structured data response (80 marks).
25% of total A Level marks.
Unit 4: The Changing Business EnvironmentThis unit examines the macroeconomic and international framework within which businesses operate. It acknowledges the unique culture of each organisation, yet recognises that they are all bound by the same social responsibilities and ethics.

The unit examines how businesses are affected by and react to this dynamic environment, taking particular account of the relationships which exist between the various stakeholders of the businesses.
Written Paper:
2 hrs (80 marks)

Unseen case study with problem-solving/decision making focus. Candidates are required to produce business report analysing problems, evaluating evidence and proposing/ justifying solutions (80 marks).
25% of total A Level.

AS/A2 Level Accounting

AS Outline

At AS Level the course covers double-entry procedures as applied to the accounting system of sole traders.  They will be provided with the opportunity to develop their knowledge and understanding of financial accounting and introduces the candidate to some of the ways in which financial accounting can provide valuable information for measuring and monitoring business performance and for planning future business operations.

The AS specification:

Units

 

Assessment

% Weighting

Unit 1 – Introduction to Financial AccountingPurposes of accounting Accounting records: subsidiary books and ledger accounts Verification of accounting records. Income Statements (T,P & L Accs) and Balance Sheets including simple adjustments.Written Paper: 1hr 30 mins (80 marks)

Exam completed in June.
Four compulsory questions – each carrying a variable number of marks, each with a variable number of sub-questions.
50% of total AS Level marks
25% of total A Level marks
Unit 2 – Financial and Management AccountingTypes of business organisation
Accounting concepts
Further aspects of the preparation of financial statements and balance sheets of sole traders
Financial Statements of limited companies
Ratio analysis and the assessment of business performance
Introduction to budgeting and budgetary control
The impact of ICT in accounting.
Written Paper: 1hr 30 mins (80 marks)

Exam completed in June.
Four compulsory questions – each carrying a variable number of marks, each with a variable number of sub-questions.
50% of total AS Level marks
25% of total A Level marks

A2 Outline

At A2 Level candidates will have the opportunity to develop their understanding of financial accounting techniques which can be applied where a business does not maintain a complete accounting system.  They will also have the opportunity to develop further ways in which accounting techniques can be used to aid management of a business and contribute to effective decision making.

The A2 Specification:

Units

 

Assessment

% Weighting

Unit 3: Further Aspects of Financial AccountingSources of Finance Incomplete records Partnership Account Published Accounts of Limited Companies. I.A.S’s Inventory (Stock) Valuation.Written Paper: 2hrs
(90marks)

Exam completed in June.
Four compulsory questions – each carrying a variable number of marks, each with a variable number of sub-questions. This unit is synoptic
25% of total A Level
Unit 4: Further Aspects of Management AccountingManufacturing Accounts
Marginal, absorption and activity based costing
Standard costing and variance analysis
Capital Investment Appraisal
Budgeting: Further considerations
Other factors affecting decision-making: Social Accounting.
Written Paper: 2hrs
(90 marks)

Exam completed in June.
Four compulsory questions – each carrying a variable number of marks, each with a variable number of sub-questions. This unit is synoptic
25% of total A Level

A Level