Unit 3: Personal and Business Finance (UK)

Learning Aim A: Understand the Importance of Managing Personal Finance

BTEC Business Studies & BTEC Enterprise and Entrepreneurship

Unit 3: Personal and Business Finance

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A1 What is Money?
A Influences on the Role of Money
A1 Planning Expenditure
A2 Different Ways to Pay
A2 Cash and Cheques
A2 Card Payments
A2 Electronic Transfers
A3 Current Accounts
A4 Different Types of Borrowing
A4 Saving and Investment Features
A4 Different Insurance Products
Unit 3A Glossary

Learning Aim B: Explore the Personal Finance Sector

BTEC Business Studies & BTEC Enterprise and Entrepreneurship

Unit 3: Personal and Business Finance

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B1 Features of Financial Institutions
B2 Communicating with Customers
B3 Consumer Protection in Relation to Personal Finance
B4 Information Guidance and Advice
Unit 3B Glossary

Learning Aim C: Understand the Purpose of Accounting

BTEC Business Studies & BTEC Enterprise and Entrepreneurship

Unit 3: Personal and Business Finance

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C1 Purpose of Accounting
C2 Capital Income
C2 Revenue Income
C3 Capital Expenditure
C3 Revenue Expenditure
Unit 3C Glossary

Learning Aim D: Select and Evaluate Different Sources of Business Finance

BTEC Business Studies & BTEC Enterprise and Entrepreneurship

Unit 3: Personal and Business Finance

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Unit 3D Glossary
D1 Sources of Finance
D1 Internal Sources of Finance
D1 External Sources of Finance

Learning Aim E: Break-Even and Cash Flow Forecasts

BTEC Business Studies & BTEC Enterprise and Entrepreneurship

Unit 3: Personal and Business Finance

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E1 Cash Flow Forecasts
E1 Constructing Cash Flow Forecasts
E1 Basic Cash Flow Forecasts
E1 Using Cash Flow Forecasts
E1 Calculate the Missing Cash Flow Figures
E1 Benefits and Limitations of Cash Flow Forecasts
E2 Break-Even Analysis
E2 Conducting Break-Even Analysis
E2 Constructing Break-Even Charts
E2 Margin of Safety
E2 Benefits and Drawbacks of Break-Even Analysis
Unit 3E Glossary

Learning Aim F: Complete Statements of Comprehensive Income and Financial Position and Evaluate a Business’s Performance

BTEC Business Studies & BTEC Enterprise and Entrepreneurship

Unit 3: Personal and Business Finance

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F1 Statements of Comprehensive Income
F1 Depreciation
F1 Adjustments for Prepayments and Accruals
F1 Adjustments for Depreciation and Amortisation
F2 Statements of Financial Position
F2 Elements of Statements of Financial Position
F2 Adjustments for Prepayments and Accruals
F2 Practise Statement of Financial Position
F3 Measuring Profitability
F4 Measuring Liquidity
F5 Measuring Efficiency
F6 Benefits and Limitations of Ratios
Unit 3F Glossary
Quiz

Sources

 https://voxeu.org/article/culture-matters-saving-behaviour