BTEC Assignment Brief
Qualification | Pearson BTEC International Level 3 Subsidiary Diploma in Business Pearson BTEC International Level 3 Foundation Diploma in Business Pearson BTEC International Level 3 Diploma in Business Pearson BTEC International Level 3 Extended Diploma in Business Pearson BTEC International Level 3 Subsidiary Diploma in Enterprise and Entrepreneurship Pearson BTEC International Level 3 Foundation Diploma in Enterprise and Entrepreneurship Pearson BTEC International Level 3 Diploma in Enterprise and Entrepreneurship Pearson BTEC International Level 3 Extended Diploma in Enterprise and Entrepreneurship |
Unit number and title | Unit 3: Business Finance |
Learning aim | A: Explore types of business finance available at different stages in the growth of a business |
Assignment title | Money, Money, Money! |
Assessor | Michael Oduno |
Hand out date | 9/25/2025 |
Hand in deadline |
Vocational Scenario or Context
As a budding entrepreneur, itching to start your own enterprise, you realise that you need to understand business finance. No enterprise is successful, if the entrepreneur that runs it does not understand finances i.e. where you can source finance from, where revenue can come from and how this links to the objectives, size and type of the enterprise that you are running. Now is your opportunity to find out! You will need to write a report (as this is also an important skill for an entrepreneur) to present your findings.
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Task 1
- Of differing sizes (e.g. small, medium, large)
- At different stages of development (e.g. start-up, sole trader, partnerships, private and public limited etc)
- That have different business objectives (e.g. expand, to develop products, to develop in new markets, to relocate etc)
- That offer different products (e.g. goods or services or both)
- That operate in different sectors (e.g. retail, electronics, health etc)
In your report, you must include the following for the different businesses at the different stages of their development:
- An explanation of the features of different internal and external sources of finance that are available
- How different sources of internal and external finance can be accessed
- An explanation of how the features of the different internal and external sources of finance influence the decisions made
- An explanation of the different sources and suitability of revenue that is available
- An analysis of the similarities and differences in the approach taken by the different businesses to securing business finance.
- The advantages and disadvantages, including the business risks, of the different types of internal and external sources of finance
- A judgement on how far different types of internal and external business finance meet the requirements
- An evaluation of how far the different types of internal and external finance meet the needs of the different businesses.
- A conclusion determining the most appropriate types of business finance for the different businesses at different stages of their development.
Checklist of evidence required
An individual report
Criteria covered by this task:
Unit/Criteria reference | To achieve the criteria you must show that you are able to: |
---|---|
3/A.P1 | Explain sources and suitability of finance available in different business contexts |
3/A.P2 | Explain sources and suitability of revenue available in a specific business context. |
3/A.M1 | Analyse the types of business finance required in a specific business context |
3/A.D1 | Evaluate appropriate types of business finance applicable in a specific business context. |
BTEC Assignment Brief
Qualification | Pearson BTEC International Level 3 Subsidiary Diploma in Business Pearson BTEC International Level 3 Foundation Diploma in Business Pearson BTEC International Level 3 Diploma in Business Pearson BTEC International Level 3 Extended Diploma in Business Pearson BTEC International Level 3 Subsidiary Diploma in Enterprise and Entrepreneurship Pearson BTEC International Level 3 Foundation Diploma in Enterprise and Entrepreneurship Pearson BTEC International Level 3 Diploma in Enterprise and Entrepreneurship Pearson BTEC International Level 3 Extended Diploma in Enterprise and Entrepreneurship |
Unit number and title | Unit 3: Business Finance |
Learning aims | B: Understand how financial planning tools can be used to analyse financial data and assess business risks C: Understand how financial statements for a sole trader are prepared and used to analyse and evaluate business performance |
Assignment title | Investigate, plan, improve! |
Assessor | |
Hand out date | |
Hand in deadline |
Vocational Scenario or Context
Your report should include the following:
- Title
- An introduction of the details that are included in the report
- Part One: Cash flow and break-even calculations and analysis, risks faced by the business
- Part Two: Analysis of performance, conclusions and recommendations
Buy Answer of This Assessment & Raise Your Grades
Task 1
- An explanation of the purpose of:
- Cash flow forecasts and statements
- Break even analysis for the selected sole trader
- An accurate cash flow forecast and statement and a break-even chart and calculation
- Calculations and in-depth analysis using data from the sole trader’s cash flow forecasts and statements and break even, to identify risks to the business. You should demonstrate your understanding of common risks e.g. an increase in fixed or variable costs, a reduction in selling price, decline in sales revenue etc
- A detailed examination of the factors that impact on the business risks.
- A broad range of conclusions and actions that the business could take to address these risks, based on the analysis of your calculations
Task 2
- An explanation of the purpose and the main components for sole traders of:
- Statements of comprehensive income
- Statements of financial position
- Using the financial data from the sole trader, you must prepare an accurate:
- Statement of comprehensive income
- Statement of financial position
- These must be professionally accepted and in a vertical format
- For both of the above statements, you need to make adjustments for:
- Depreciation
- Prepayments
- Accruals
- Changes in capital
- Accurate ratio calculations (measuring profitability, liquidity and efficiency), using data you have extracted from the above statements
- An analysis of the business’s performance i.e. a detailed examination of the ratio calculations
- A wide range of justified recommendations for improving the business’s performance, based on the outcomes of the ratio analysis.
Checklist of evidence required
Criteria covered by this task:
Unit/Criteria reference | To achieve the criteria you must show that you are able to: |
---|---|
3/B.P3 | Explain the purpose of financial planning tools in reviewing financial data in a specific business context |
3/B.P4 | Perform appropriate calculations using financial planning tools to identify financial risks in a specific business context. |
3/B.M2 | Analyse the factors that impact on financial risks in a specific business context. |
3/B.D2 | Evaluate the impact of different factors that impact on financial risks in a given business context. |
3/C.P5 | Prepare and interpret financial statements for sole trader businesses. |
3/C.P6 | Explain ways to improve profitability, liquidity and efficiency in a given business context |
3/C.M3 | Assess business performance of a sole trader by manipulating financial data and making suggestions for improving business performance |
3/C.D3 | Justify recommendations for improvements to business performance for a sole trader, arising from own preparation and interpretation of business financial data |
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