Unit 12: Financial Accounts for Specific Businesses
Learning Aim A: Understand Different Types of Businesses and their Capital Structure
BTEC Business Studies Unit 12: Financial Accounts for Specific Businesses
P1 Explain the ownership, capital structure and legal requirements of the different types of business.
P2 Describe examples of suitable business activity for the differing types of business.
M1 Assess the merits and drawbacks of the different types of business, capital structure and legal requirements.
D1 Evaluate how suitable the different types of business are for given business activities, providing justification.
BTEC Business Studies Unit 12: Financial Statements for Specific Businesses
Learning Aim B: Examine the End-of-Year Financial Statements for Partnerships
BTEC Business Studies Unit 12: Financial Accounts for Specific Businesses
P3 Prepare end-of-year financial statements for partnerships, incorporating appropriate adjustments
M2 Prepare the accounting entries to record goodwill for changes to a partnership.
D2 Evaluate the relevant accounting concepts used in the completion of financial statements for partnerships and non-profit-making organisations.
Also covered in learning aim C
BTEC Business Studies Unit 12: Financial Statements for Specific Businesses
Learning Aim C: Explore the End-of-Year Financial Statements for Non-Profit-Making Organisations
BTEC Business Studies Unit 12: Financial Accounts for Specific Businesses
P4 Complete end-of-year financial statements for non-profit-making organisations, incorporating appropriate adjustments
M3 Analyse the importance of non-profit-making organisations.
D2 Evaluate the relevant accounting concepts used in the completion of financial statements for partnerships and non-profit-making organisations.
Also covered in learning aim B
BTEC Business Studies Unit 12: Financial Statements for Specific Businesses
Learning Aim D: Explore manufacturing accounts
NOTE: A full set of final accounts, i.e. statement of comprehensive income (profit and loss account; income statement) and statement of financial position (balance sheet) are NOT required.
BTEC Business Studies Unit 12: Financial Accounts for Specific Businesses
P5 Describe manufacturing costs and profit.
P6 Explain main features and aims of manufacturing businesses.
M4 Accurately prepare manufacturing accounts, incorporating appropriate adjustments and manufacturing profit.
D3 Evaluate and justify the accounting treatment of manufacturing profit.
BTEC Business Studies Unit 12: Financial Statements for Specific Businesses