Unit 1: Investigating engineering business and the environment

Size: px
Start display at page:

Download "Unit 1: Investigating engineering business and the environment"

Transcription

1 Unit 1: Investigating engineering business and the environment The unit is externally assessed by means of a written paper, which is sat under formal examination conditions. The format of the paper is still being reviewed by Edexcel and when a final decision has been made centres will be issued with a sample paper, specimen answers and a mark scheme a SAM (sample assessment material). Use this link for up-to-date information: The external assessment is 1.5 hours long and contains multiple-choice, short answer and longanswer questions. Learner guidance: The questions which follow relate to the unit assessment criteria and the range statements in the What you need to cover section of the unit specification. The assessment criteria have descriptors, e.g. identify and describe. The descriptor will give you an idea of what type of question to expect. Descriptor Type of question Identify Multiple-choice, short-answer Describe Short-answer, long answer Explain, review, apply Long-answer Learning outcome 1 Identify different types of engineering company in terms of their size, for example: micro; small; small to medium enterprise (SME); large. Identify different types of engineering company in terms of their status, for example: sole trader; partnership; public limited (plc); private limited (ltd). Identify the different sectors that companies operate in, for example: aerospace; automotive; electronics; Pearson Education Ltd 2008 Engineering page 1 of 7

2 mechanical; telecommunications. Explain the functions within an engineering company, for example: research and development; design; manufacture; production planning; technical sales; quality assurance. Review the structure and organisation of an engineering business, for example: owner-manager; hierarchical; flat; matrix. Identify ways of communicating information that is essential for the operation of a company, for example: operation sheets; drawings; specifications; records of work in progress; sales records; stock inventories. Explain the flow of information within an engineering company, for example: why design data about a new product is passed to the manufacturing division for production planning purposes; why quality assurance data is analysed by the design and sales divisions; why market research data is used by the research and development division when planning the development of new products. Pearson Education Ltd 2008 Engineering page 2 of 7

3 Learning outcome 2 Identify the internal factors that affect the way an engineering company operates, for example: production capacity; production methods e.g. small batch, continuous flow; design capability e.g. CAD/CAM facility; available machinery and tooling. Identify the external factors that affect the way an engineering company operates, for example: market trends e.g. upturn/downturn in consumer confidence; global factors e.g. energy prices, the supply of raw materials; competition from other businesses that produce similar products; customer/client relationship e.g. levels of after-sales support; developments in technology that make products obsolete or less attractive to the customer e.g. mobile phones and televisions; changes in legislation (UK and world) e.g. vehicle emissions, product safety. Identify aspects of the economic environment which affect the way an engineering company operates, for example: gross national and domestic products (GNP and GDP) balance of payments local, national and global economy interest and exchange rates Identify environmental factors that affect the way an engineering company operates, for example: the environmental impact of manufacturing processes; waste recycling and disposal; the carbon footprint of the business and its products; product end of life management. Identify social factors that affect the way an engineering company operates, for example: employment levels; workforce skills; training and job opportunities; outsourcing of manufacturing processes. Pearson Education Ltd 2008 Engineering page 3 of 7

4 Describe how internal and external factors affect the way that a company operates, for example: assessing the potential market for a new product, deciding how many units to produce over a given timescale and balancing this with resources of equipment and labour; sourcing and maintaining supplies of raw materials and sub-assemblies; operating a just-in-time (JIT) manufacturing system. Explain strategic decisions that a company has to make, for example: safeguarding company profitability if international monetary exchange rates alter after a contract price has been agreed with a customer; managing the effects of price increases for energy and raw materials; the percentage of company turnover spent on workforce training and up-skilling; the use of renewable resources; outsourcing manufacturing to companies which have lower wage costs e.g. China and India; complying with legislation relating to the environment e.g. chimney emissions and factory external noise levels; complying with new legislation relating to the environment e.g. reducing the amount of packaging used on products, using water-based paint systems; workforce motivation, productivity and reward. Learning outcome 3 Identify basic financial concepts, for example: income and expenditure; profit and loss; direct, indirect, fixed and variable costs; marginal costing; assets, investment and depreciation of fixed assets. Identify costing techniques, for example: job, process and absorption costing; make or buy; break-even point; investment appraisal and cost effectiveness. Explain and apply costing techniques to determine the cost effectiveness of a given manufacturing activity using data such as: direct labour and material cost; fixed and variable production overheads; the initial quantity of product to be manufactured; additional production quantities. Pearson Education Ltd 2008 Engineering page 4 of 7

5 Identify planning concepts/techniques, for example: short and long term plans; business and financial plans; charts and scheduling techniques e.g. flow and Gantt charts; critical path analysis (CPA); setting priorities, monitoring and controlling the use of resources. Explain and apply planning concepts/techniques relating to the manufacture of an engineered product using data such as: timescales to design, manufacture and test the product; physical resources e.g. machine tool availability in a workshop; resources of labour; lead times for the delivery of raw materials and components. Determine the critical path and time to perform a given engineering activity that has a number of interrelated tasks such as: producing a product design specification (PDS); design and production planning; machining and assembly; testing, commissioning and certification; despatch/delivery to the customer. Learning outcome 4 Identify key health and safety legislation, for example: HSAW (1974); Factories Act (1961); PUWER (1998); COSHH (2002); RIDDOR (1995); Construction Regulations (2007). Identify the roles and responsibilities of individuals and organisations in relation to health and safety, for example: employers and employees; the Health and Safety Executive (HSE); sub-contractors, customers and site visitors. Pearson Education Ltd 2008 Engineering page 5 of 7

6 Identify control measures in relation to health and safety, for example: using recognised procedures; substance control; guarding, correct lifting and manual handling procedures; safety inspections; the Factories Act (1961); using personal protective equipment (PPE); training personnel; risk assessment of activities. Explain the health and safety legislation and related control measures that apply to a given engineering activity and then carry out a risk assessment for it, for example: a maintenance procedure on an overhead gantry crane in an engineering workshop changing the tooling and fixtures of a large machining centre od4qzlww Pearson Education Ltd 2008 Engineering page 6 of 7

7 Teacher guidance for all tasks The unit is externally assessed by means of a written paper, which is sat under formal examination conditions. The format of the paper is still being reviewed by Edexcel and when a final decision has been made centres will be issued with a sample paper, specimen answers and a mark scheme a SAM (sample assessment material). Use this link for up-to-date information: The external assessment is 1.5 hours long and contains multiple-choice, short answer and longanswer questions. The unit has four learning outcomes and the assessment will have questions which address the assessment criteria as listed in this table (reproduced from the unit specification). Learning outcome number LO1 LO2 LO3 LO4 Learning outcome The learner should: Know how an engineering business is structured and how it operates. Know about internal and external factors that affect the way in which an engineering business operates. Know about and apply financial and planning concepts, and costing and planning techniques. Know the importance of legislation concerning health and safety including a risk assessment for an engineering activity. Assessment criteria The learner can: Identify types of engineering companies, the sectors in which an engineering company operates, explain the functions within an engineering company and review its structure and organisation. Identify, describe and explain the types, form, content and flow of information that are essential for the operation of an engineering company. Identify and describe the internal and external factors that affect the way in which an engineering company operates. Explain strategic decisions made by an engineering business that arise from economic, environmental or social factors. Identify, explain and apply appropriate financial concepts and costing techniques to determine cost-effectiveness of an engineering activity. Identify, explain and apply planning concepts and techniques and determine the critical path and time required to perform an engineering activity. Explain health and safety legislation and other regulations and the related control measures that apply to engineering activities, including the use of risk assessments and how they are carried out. Pearson Education Ltd 2008 Engineering page 7 of 7

Business Operations in Engineering

Business Operations in Engineering Unit 7: Business Operations in Engineering Unit code: R/600/0257 QCF Level 3: BTEC National Credit value: 10 Guided learning hours: 60 Aim and purpose This unit gives learners an understanding of the major

More information

Explain the characteristics of different types of cost classifications and their use in costing.

Explain the characteristics of different types of cost classifications and their use in costing. Costs and Revenues Mapping of your evidence to outcomes and criteria Title (and reference number) Level 3 Principles of Costing (K) Learning outcomes learners will: Assessment criteria learners can: Your

More information

Your business plan. helping you with your business planning and forecasting. Name of business. Date when completed

Your business plan. helping you with your business planning and forecasting. Name of business. Date when completed Your business plan helping you with your business planning and forecasting Name of business Date when completed Please read the following notes before completing the form. (You may wish to talk to an accountant

More information

Management Accounting 2 nd Year Examination

Management Accounting 2 nd Year Examination Management Accounting 2 nd Year Examination August 2010 Paper, Solutions & Examiner s Report NOTES TO USERS ABOUT THESE SOLUTIONS The solutions in this document are published by Accounting Technicians

More information

NATIONAL 5 Accounting

NATIONAL 5 Accounting MADRAS COLLEGE FACULTY OF TECHNOLOGIES DEPARTMENT OF BUSINESS AND COMPUTING NATIONAL 5 Accounting Course Information ACCOUNTING NATIONAL 5 COURSE AIMS AND STRUCTURE The course aims to enable learners to:

More information

RENEWABLE ENERGY EMPLOYER S AND PUBLIC LIABILITY INSURANCE PROPOSAL FORM

RENEWABLE ENERGY EMPLOYER S AND PUBLIC LIABILITY INSURANCE PROPOSAL FORM RENEWABLE ENERGY EMPLOYER S AND PUBLIC LIABILITY INSURANCE PROPOSAL FORM Please complete all details on BLOCK LETTERS. Where applicable, indicate YES or NO. Insurance will not be in force until proposal

More information

Society of Certified Management Accountants of Sri Lanka

Society of Certified Management Accountants of Sri Lanka Copyright Reserved Serial No Technician Stage March 2009 Examination Examination Date : 28 th March 2009 Number of Pages : 06 Examination Time: 9.30a:m.- 12.30p:m. Number of Questions: 05 Instructions

More information

Scheme of Work Units 1 and 2: Setting up a Business and Growing as a Business an Integrated Approach

Scheme of Work Units 1 and 2: Setting up a Business and Growing as a Business an Integrated Approach GCSE Business Studies Scheme of Work Units 1 and 2: Setting up a Business and Growing as a Business an Integrated Approach Copyright 2012 AQA and its licensors. All rights reserved. The Assessment and

More information

IM SYLLABUS (2015) ACCOUNTING IM 01 SYLLABUS

IM SYLLABUS (2015) ACCOUNTING IM 01 SYLLABUS IM SYLLABUS (2015) ACCOUNTING IM 01 SYLLABUS 1 Accounting IM01 Syllabus (Available in September) 1 Paper (3 hrs) Introduction The syllabus seeks to develop sound financial literacy, and the presentation

More information

COST AND MANAGEMENT ACCOUNTING

COST AND MANAGEMENT ACCOUNTING EXECUTIVE PROGRAMME COST AND MANAGEMENT ACCOUNTING SAMPLE TEST PAPER (This test paper is for practice and self study only and not to be sent to the institute) Time allowed: 3 hours Maximum marks : 100

More information

INTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting

INTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting www.xtremepapers.com INTERNATIONAL ACCOUNTING STANDARDS CIE Guidance for teachers of 7110 Principles of Accounts and 0452 Accounting 1 CONTENTS Introduction...3 Use of this document... 3 Users of financial

More information

Unit 2: Finance for Business

Unit 2: Finance for Business Unit 2: Finance for Business Level: 1 and 2 Unit type: Core Guided learning hours: 30 Assessment type: External Unit introduction All businesses have to spend money before they can make a profit, and when

More information

Marginal and. this chapter covers...

Marginal and. this chapter covers... 7 Marginal and absorption costing this chapter covers... This chapter focuses on the costing methods of marginal and absorption costing and compares the profit made by a business under each method. The

More information

29.1 COST SHEET : MEANING AND ITS IMPORTANCE

29.1 COST SHEET : MEANING AND ITS IMPORTANCE 29 COST SHEET You are running a factory which manufactures electronic toys. You incur expenses on raw material, labour and other expenses which can be directly attibuted to cost and which cannot be directly

More information

Health and Safety in the Engineering Workplace

Health and Safety in the Engineering Workplace Unit 1: Health and Safety in the Engineering Workplace Unit code: QCF Level 3: Credit value: 10 Guided learning hours: 60 Aim and purpose T/600/0249 BTEC National This unit will give learners an understanding

More information

Teacher Resource Bank

Teacher Resource Bank Teacher Resource Bank GCE Accounting Other Guidance: ACCN2 Update on IAS ACCN3 Updates on IAS (July 2012). The Assessment and Qualifications Alliance (AQA) is a company limited by guarantee registered

More information

MARK SCHEME for the May/June 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/21 Paper 21, maximum raw mark 120

MARK SCHEME for the May/June 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/21 Paper 21, maximum raw mark 120 www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2010 question paper for the guidance of teachers

More information

Council Policy: Asset Management

Council Policy: Asset Management Classification: Council Policy: Asset Management Council Policy First Issued: 7 November 2006 Dates of Review: 4 March 2014 Version Number: 2 DW Doc set ID: 459426 Next Review Due: 4 March 2019 Applicable

More information

Teacher Resource Bank

Teacher Resource Bank Teacher Resource Bank GCE Accounting Other Guidance: Layouts and Formulae ACCN1: Layouts ACCN2: Layouts and Formulae ACCN4: Layouts and Formulae (Updated July 2012) The Assessment and Qualifications Alliance

More information

Foundation Award in Management Principles

Foundation Award in Management Principles International Management Qualification Foundation Award in Management Principles (City & Guilds Scheme no. 2508) PROFESSIONAL DEVELOPMENT PROGRAMMES FOR MANAGERS Why choose ILM qualifications? The Institute

More information

tutor2u Stock Control The Importance of Managing Stocks AS & A2 Business Studies PowerPoint Presentations 2005

tutor2u Stock Control The Importance of Managing Stocks AS & A2 Business Studies PowerPoint Presentations 2005 Stock Control The Importance of Managing Stocks AS & A2 Business Studies PowerPoint Presentations 2005 What Are Stocks? Three main categories of stocks Raw Materials Work in Progress Finished Goods Types

More information

Absorption Costing - Overview

Absorption Costing - Overview Absorption Costing - Overview 1. Overview of Absorption costing and Variable Costing 2. Review how costs for Manufacturing are transferred to the product 3. Job Order Vs. Process Costing 4. Overhead Application

More information

Paper F5. Performance Management. Monday 14 December 2009. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants

Paper F5. Performance Management. Monday 14 December 2009. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants Fundamentals Level Skills Module Performance Management Monday 14 December 2009 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Formulae

More information

AM01 Syllabus (2017): Accounting AM SYLLABUS (2017) SYLLABUS

AM01 Syllabus (2017): Accounting AM SYLLABUS (2017) SYLLABUS ACCOUNTING AM SYLLABUS (2017) AM01 SYLLABUS 1 Accounting AM01 Syllabus (Available in September) Paper I (3 hrs) + Paper II (3 hrs) Introduction The syllabus builds on the topics set for the SEC Examination

More information

Please provide details of your claims within the last 5 years Date Incident details Amount paid Amount reserved

Please provide details of your claims within the last 5 years Date Incident details Amount paid Amount reserved Combined Liability Insurance Client name: Operating address: Company reg. number: Business description: Year business established: Current Insurer: Current Broker: Renewal date: Premium: Please provide

More information

The North West Aerospace Alliance Aerospace Supply Chain Excellence (ASCE)

The North West Aerospace Alliance Aerospace Supply Chain Excellence (ASCE) The North West Aerospace Alliance Aerospace Supply Chain Excellence (ASCE) The content of this material is the property of the North West Aerospace Alliance (NWAA) and should not be reproduced without

More information

how to finance the business

how to finance the business A DV I C E B O O K L E T how to finance the business HOW TO FINANCE THE BUSINESS Getting enough of the right funding is one of the more difficult tasks that you will face as a new entrepreneur. Typically,

More information

AURC465349B Prepare a vehicle repair quotation

AURC465349B Prepare a vehicle repair quotation AURC465349B Prepare a vehicle repair quotation Release: 1 AURC465349B Prepare a vehicle repair quotation Modification History Not Applicable Unit Descriptor Unit descriptor This unit of competency describes

More information

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2008 End date: 31st May 2009 Contents of the

More information

ACCOUNTING FOR AND AUDIT OF PROPERTY, PLANT AND EQUIPMENT

ACCOUNTING FOR AND AUDIT OF PROPERTY, PLANT AND EQUIPMENT ACCOUNTING FOR AND AUDIT OF PROPERTY, PLANT AND EQUIPMENT PRESENTED BY SOLOMON SIMEON MANAGER: PEAK PROFESSIONAL SERVICES IN HOUSE SEMINAR SERIES NO 2 PEAK PROFESSIONAL SERVICES (CHARTERED ACCOUNTANTS)

More information

Income statements. Introduction. Calculating profit

Income statements. Introduction. Calculating profit Income statements 02 Introduction Generating as much profit as possible (known as profit maximization) is often seen as the main objective for many businesses. It is possible that a business has other

More information

Professional Development Programme on Enriching Knowledge of the Business, Accounting and Financial Studies (BAFS) Curriculum

Professional Development Programme on Enriching Knowledge of the Business, Accounting and Financial Studies (BAFS) Curriculum Professional Development Programme on Enriching Knowledge of the Business, Accounting and Financial Studies (BAFS) Curriculum Course 1 : Contemporary Perspectives on Accounting Unit 7 : Marginal and Absorption

More information

National 4 Automotive Skills: Skills for Work Course Specification

National 4 Automotive Skills: Skills for Work Course Specification National 4 Automotive Skills: Skills for Work Course Specification Valid from August 2013 This edition: August 2013, version 2.0 This specification may be reproduced in whole or in part for educational

More information

Module 1: Basic concepts of management accounting

Module 1: Basic concepts of management accounting Module 1: Basic concepts of management accounting Required reading Chapter 1, pages 4-23 ERH, Section C3: "Code of ethical principles and rules of conduct" Reading 1-1: "Moral responsibility within the

More information

House Published on www.jps-dir.com

House Published on www.jps-dir.com I. Cost - Volume - Profit (Break - Even) Analysis A. Definitions 1. Cost - Volume - Profit (CVP) Analysis: is a means of predicting the relationships among revenues, variable costs, and fixed costs at

More information

6.1 UNIT COST CALCULATIONS AND THE BREAK EVEN. Working Out Costs - The Terminology. How To Work Out Your Break Even Point

6.1 UNIT COST CALCULATIONS AND THE BREAK EVEN. Working Out Costs - The Terminology. How To Work Out Your Break Even Point 6.1 COSTS AND COSTING 6 UNIT COST CALCULATIONS AND THE BREAK EVEN..... Working Out Costs - The Terminology How To Work Out Your Break Even Point Costing And Break Even Exercise Costing The Job Exercises

More information

Accounting and Book-keeping Level 3

Accounting and Book-keeping Level 3 Accounting and Book-keeping Level 3 8991-03-003 2012 Sample paper Candidate s name (Block letters please) Centre no Date Time allowed: 2 hours 30 minutes (plus 5 minutes' reading time) Note making is not

More information

MONDAY, 18 MAY 9.00 AM 11.00 AM

MONDAY, 18 MAY 9.00 AM 11.00 AM X09/11/01 NATIONAL QUALIFICATIONS 015 MONDAY, 18 MAY 9.00 AM 11.00 AM ACCOUNTING INTERMEDIATE Candidates should attempt four questions as follows: Question 1 and one other from Section A plus Question

More information

Unit Title: Managerial Accounting Unit Reference Number: D/502/4812 Guided Learning Hours: 160 Level: Level 5 Number of Credits: 18

Unit Title: Managerial Accounting Unit Reference Number: D/502/4812 Guided Learning Hours: 160 Level: Level 5 Number of Credits: 18 Unit Title: Managerial Accounting Unit Reference Number: D/502/4812 Guided Learning Hours: 160 Level: Level 5 Number of Credits: 18 Unit objective and aim(s): This unit aims to give learners a comprehensive

More information

The principles, processes, tools and techniques of project management

The principles, processes, tools and techniques of project management Unit 34: Plan and manage a project. 341 The principles, processes, tools and techniques of project management An industrial project, big or small, must be managed effectively to ensure the project s objectives

More information

Level 3 Certificate in Business and Industrial Administration

Level 3 Certificate in Business and Industrial Administration LCCI International Qualifications Level 3 Certificate in Business and Industrial Administration Syllabus Effective from September 2007 For further information contact us: Tel. +44 (0) 8707 202909 Email.

More information

Vendor Questionnaire. Financial and Commercial Services

Vendor Questionnaire. Financial and Commercial Services Vendor Questionnaire Financial and Commercial Services Contents Contents... 2 INTRODUCTION... 3 GENERAL BACKGROUND INFORMATION... 4 FINANCIAL INFORMATION... 5 HEALTH & SAFETY... 6 QUALITY ASSURANCE...

More information

GCE. Accounting. Mark Scheme for January 2012. Advanced GCE Unit F013: Company Accounts and Interpretation. Oxford Cambridge and RSA Examinations

GCE. Accounting. Mark Scheme for January 2012. Advanced GCE Unit F013: Company Accounts and Interpretation. Oxford Cambridge and RSA Examinations GCE Accounting Advanced GCE Unit F013: Company Accounts and Interpretation Mark Scheme for January 2012 Oxford Cambridge and RSA Examinations OCR (Oxford Cambridge and RSA) is a leading UK awarding body,

More information

Putting together your perfect fleet. Your guide to our products and services.

Putting together your perfect fleet. Your guide to our products and services. Putting together your perfect fleet. Your guide to our products and services. Welcome. Contents. Welcome to Lex Autolease. Welcome... 2 Our strategy for success... 4 Our products and services... 6 Funding

More information

2013 Accounting. Higher - Solutions. Finalised Marking Instructions

2013 Accounting. Higher - Solutions. Finalised Marking Instructions 2013 Accounting Higher - Solutions Finalised Marking Instructions Scottish Qualifications Authority 2013 The information in this publication may be reproduced to support SQA qualifications only on a non-commercial

More information

Environmental Policy. JRI Orthopaedics Limited

Environmental Policy. JRI Orthopaedics Limited JRI Orthopaedics Limited October 2014 Contents Clause 1. Policy Statement 1 2. Who is covered by the policy? 2 3. Organisation and Responsibilities 2 4. Training and Communication 3 5. Suppliers and Customers

More information

Week 4 Tutorial Question Solutions (Ch2 & 3)

Week 4 Tutorial Question Solutions (Ch2 & 3) Chapter 2: Q1: Macroeconomics P.52 Numerical Problems #3 part (a) Q2: Macroeconomics P.52 Numerical Problems #5 Chapter 3: Q3: Macroeconomics P.101 Numerical Problems #5 Q4: Macroeconomics P102 Analytical

More information

Why Do Farmers / Clubs / Firms / Anyone Prepare Accounts? To calculate profit. To assess the effectiveness of different parts of the organisation.

Why Do Farmers / Clubs / Firms / Anyone Prepare Accounts? To calculate profit. To assess the effectiveness of different parts of the organisation. Accounting Theory. In recent years the amount of theory being asked on the Leaving Certificate paper has steadily increased. This is a trend that is likely to continue. Below is an outline of the likely

More information

Energy Chain Systems ReadyChains Preassembled Cable Carrier Systems ready for installation on your machine

Energy Chain Systems ReadyChains Preassembled Cable Carrier Systems ready for installation on your machine Energy Chain Systems ReadyChains Preassembled Cable Carrier Systems ready for installation on your machine What is ReadyChain? Just open the box, plug in the cables... Think of it as Assembly Instructions

More information

Suggested layouts for financial statements in Accounting Courses National 5 and Higher

Suggested layouts for financial statements in Accounting Courses National 5 and Higher Suggested layouts for financial statements in Accounting Courses National 5 and Higher The following suggested layouts may be used when presenting financial statements in the Accounting Courses for National

More information

MARK SCHEME for the October/November 2008 question paper 9706 ACCOUNTING

MARK SCHEME for the October/November 2008 question paper 9706 ACCOUNTING www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level MARK SCHEME for the October/November 2008 question paper 9706 ACCOUNTING 9706/04

More information

Release: 1. FNSACCT406B Maintain asset and inventory records

Release: 1. FNSACCT406B Maintain asset and inventory records Release: 1 FNSACCT406B Maintain asset and inventory records FNSACCT406B Maintain asset and inventory records Modification History Not applicable. Unit Descriptor This unit describes those functions associated

More information

Coimisiún na Scrúduithe Stáit State Examinations Commission. Leaving Certificate 2014. Marking Scheme. Accounting. Higher Level

Coimisiún na Scrúduithe Stáit State Examinations Commission. Leaving Certificate 2014. Marking Scheme. Accounting. Higher Level Coimisiún na Scrúduithe Stáit State Examinations Commission Leaving Certificate 2014 Marking Scheme Accounting Higher Level Note to teachers and students on the use of published marking schemes Marking

More information

MARK SCHEME for the October/November 2011 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/23 Paper 2, maximum raw mark 120

MARK SCHEME for the October/November 2011 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/23 Paper 2, maximum raw mark 120 www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the October/November question paper for the guidance of

More information

Business Management in the Land-based Sector

Business Management in the Land-based Sector Unit 10: Business Management in the Land-based Sector Unit code: QCF Level 3: Credit value: 10 Guided learning hours: 60 Aim and purpose M/600/9709 BTEC National The learner will look at the business environment,

More information

M Dixon Head of Humanities

M Dixon Head of Humanities Key Stage 4 Business Studies Universities and employers accept IGCSE Business Studies as proof of an understanding of business concepts and techniques across a range of different types of businesses. Successful

More information

Health & Safety Policy For Locations Hosting Film Production Companies

Health & Safety Policy For Locations Hosting Film Production Companies Health & Safety Policy For Locations Hosting Film Production Companies Throughout this document, the location will be referred to as The Venue and the film production company as The Contractor. The following

More information

National Occupational Standards in Accounting

National Occupational Standards in Accounting National Occupational Standards in Accounting 2 ACCOUNTANCY OCCUPATIONALS STANDARDS GROUP (AOSG) Contents Introduction to the Accounting Standards...4 Accounting Qualification Framework...6 Accounting

More information

Planning, Organisation and Control of Resources in Construction and the Built Environment

Planning, Organisation and Control of Resources in Construction and the Built Environment Unit 7: Planning, Organisation and Control of Resources in Construction and the Built Environment NQF Level 3: Guided learning hours: 60 BTEC National Unit abstract A successful project requires careful

More information

General Certificate of Education Advanced Level Examination June 2013

General Certificate of Education Advanced Level Examination June 2013 General Certificate of Education Advanced Level Examination June 2013 Accounting ACCN4 Unit 4 Further Aspects of Management Accounting Monday 10 June 2013 1.30 pm to 3.30 pm For this paper you must have:

More information

FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS

FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international

More information

Hazard/Risk Identification and Control Procedure

Hazard/Risk Identification and Control Procedure Hazard/Risk Identification and Control Procedure Introduction Hazard identification and the steps taken to minimize the risks associated with identified hazards are a critical component of working safely.

More information

Units of Assessment for Safe, Green and Efficient Fleet Management

Units of Assessment for Safe, Green and Efficient Fleet Management Units of Assessment for Safe, Green and Efficient Fleet Management Mandatory units 3SfL174 Unit Title Workshop 1 RITS Unit Number Develop road transport policies for own organisation R/503/7511 Level 3

More information

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2009 End date: 31st May 2010 Contents of the

More information

presents: your guide to understanding business finances

presents: your guide to understanding business finances presents: your guide to understanding business finances why should I understand what my accountant produces for me? We all go into business to make money. We may have a list of important and valid reasons

More information

Level 2 Certificate in Warehousing and Storage Skills (QCF)

Level 2 Certificate in Warehousing and Storage Skills (QCF) Level 2 Certificate in Warehousing and Storage Skills (QCF) Qualification Handbook www.cityandguilds.com September 2010 Version 1.1 Level 2 Certificate 1016-02 QAN 501/1082/2 About City & Guilds City &

More information

Newport, U.K. September 19-24, 2011. Maintenance and Repair of Motor Vehicles. Greg Peterson Statistics Canada

Newport, U.K. September 19-24, 2011. Maintenance and Repair of Motor Vehicles. Greg Peterson Statistics Canada 26 th Voorburg Group Meeting Newport, U.K. September 19-24, 2011 Maintenance and Repair of Motor Vehicles Greg Peterson Statistics Canada 1. Introduction Motor vehicle repair and maintenance services in

More information

GRADE 12 ACCOUNTING LEARNER HOMEWORK SOLUTIONS

GRADE 12 ACCOUNTING LEARNER HOMEWORK SOLUTIONS 2013 GRADE 12 ACCOUNTING LEARNER HOMEWORK SOLUTIONS The SSIP is supported by 1 ACCOUNTING GRADE 12 (HOMEWORK SOLUTIONS) TABLE OF CONTENTS LEARNER HOMEWORK SOLUTIONS SESSION TOPIC PAGE 12 Company Reporting

More information

SOLUTIONS TO EXERCISES

SOLUTIONS TO EXERCISES EXERCISE 10-1 (15 20 minutes) SOLUTIONS TO EXERCISES Item Land Land Improvements Building Other Accounts (a) ($275,000) Notes Payable (b) $275,000 (c) $ 8,000 (d) 7,000 (e) 6,000 (f) (1,000) (g) 22,000

More information

Export Business Plan Guide

Export Business Plan Guide Export Business Plan Guide Table of Contents Introduction... 4 SECTION 01: CURRENT SITUATION ANALYSIS... 5 Company Overview... 5 Availability of Resources... 6 SWOT Analysis... 9 SECTION 02: MARKET ANALYSIS...

More information

How To Write A Report On The Unaudited Accounts Of A Sole Trader

How To Write A Report On The Unaudited Accounts Of A Sole Trader Accounts 31 December 2007 Approval statement I approve these accounts which comprise the Profit and Loss Account, Balance Sheet and related notes. I acknowledge my responsibility for the accounts, including

More information

MANAGEMENT ACCOUNTING

MANAGEMENT ACCOUNTING CIPFA PROFESSIONAL QUALIFICATION CIPFA CERTIFICATE IN INTERNATIONAL PUBLIC FINANCIAL MANAGEMENT MANAGEMENT ACCOUNTING Instructions to candidates There are two sections in the examination. Section A contains

More information

Financial Accounting Fundamentals (FAFN)

Financial Accounting Fundamentals (FAFN) POST EXM GUIE May 2001 Exam Financial ccounting Fundamentals (FFN) IM publishes a Question and nswer booklet for each paper of the May 2001 exam which is essential reading for students and tutors. The

More information

B126 Business Administration Project Management MTCU code - 60200 Program Learning Outcomes

B126 Business Administration Project Management MTCU code - 60200 Program Learning Outcomes B126 Business Administration Project Management MTCU code - 60200 Program Learning Outcomes Synopsis of the Vocational Learning Outcomes The graduate has reliably demonstrated the ability to 1. evaluate

More information

Management Accounting 2 nd Year Examination

Management Accounting 2 nd Year Examination Management Accounting 2 nd Year Examination August 2012 Exam Paper, Solutions & Examiner s Report NOTES TO USERS ABOUT THESE SOLUTIONS The solutions in this document are published by Accounting Technicians

More information

University of Waterloo Final Examination

University of Waterloo Final Examination University of Waterloo Final Examination Term: Winter Year: 2006 Student Name UW Student ID Number Place an X by the section in which you are registered: 1 (MWF 8:30 am to 9:20 am) 2 (MWF 9:30 am to 10:20

More information

CPCPMS3017A Install and test split system air conditioning

CPCPMS3017A Install and test split system air conditioning CPCPMS3017A Install and test split system air conditioning Release: 1 CPCPMS3017A Install and test split system air conditioning Modification History Not Applicable Unit Descriptor Unit descriptor This

More information

Tax Reliefs for Research and Development Expenditure

Tax Reliefs for Research and Development Expenditure Tax Reliefs for Research and Development Expenditure Introduction Successive Governments have recognised that encouraging businesses to undertake Research and Development (R&D) activities in the UK is

More information

Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level

Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level *0123456789* ACCOUNTING 9706/02 Paper 2 Structured Questions For Examination from 2016 SPECIMEN PAPER

More information

Chapter 24 Stock Handling and Inventory Control. Section 24.1 The Stock Handling Process Section 24.2 Inventory Control

Chapter 24 Stock Handling and Inventory Control. Section 24.1 The Stock Handling Process Section 24.2 Inventory Control Chapter 24 Stock Handling and Inventory Control Section 24.1 The Stock Handling Process Section 24.2 Inventory Control The Stock Handling Process Key Terms receiving record blind check method direct check

More information

Accounting for a Merchandising Business

Accounting for a Merchandising Business Chapter 11 Accounting for a Merchandising Business ANSWERS TO SECTION 11.1 REVIEW QUESTIONS (text p. 428) The Merchandising Business 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 1. 2. 3. 4. 14. 15. Copyright

More information

Paper F5. Performance Management. Monday 2 June 2014. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants

Paper F5. Performance Management. Monday 2 June 2014. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants Fundamentals Level Skills Module Performance Management Monday 2 June 2014 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Formulae

More information

Chapter. Break-even analysis (CVP analysis)

Chapter. Break-even analysis (CVP analysis) Chapter 5 Break-even analysis (CVP analysis) 1 5.1 Introduction Cost-volume-profit (CVP) analysis looks at how profit changes when there are changes in variable costs, sales price, fixed costs and quantity.

More information

The Basic Framework of Budgeting

The Basic Framework of Budgeting Master Budgeting 1 The Basic Framework of Budgeting A budget is a detailed quantitative plan for acquiring and using financial and other resources over a specified forthcoming time period. 1. The act of

More information

Answer to PTP_Intermediate_Syllabus 2012_Dec2013_Set 3

Answer to PTP_Intermediate_Syllabus 2012_Dec2013_Set 3 Paper 8 : Cost Accounting and Financial Management Full Marks: 100 Time : 3 hours This question paper is divided into two sections, Section A- Cost Accounting (60 marks) and Section B - Financial Management

More information

ABB Australia Pty Limited. SF 6 gas management solutions Managing SF6 in switchgear installations

ABB Australia Pty Limited. SF 6 gas management solutions Managing SF6 in switchgear installations ABB Australia Pty Limited SF 6 gas management solutions Managing SF6 in switchgear installations A complete SF6 gas management solution, in an efficient and environmentally friendly manner. 2 Power products

More information

DRAFT. Accounting for a Merchandising Business. SECTION 10.1 REVIEW QUESTIONS (page 401) 1. 5. 6. 7. 8. 10. 11. 12. 13. 14. 15. 16. 17.

DRAFT. Accounting for a Merchandising Business. SECTION 10.1 REVIEW QUESTIONS (page 401) 1. 5. 6. 7. 8. 10. 11. 12. 13. 14. 15. 16. 17. CHAPTER 10 Accounting for a Merchandising Business SECTION 10.1 REVIEW QUESTIONS (page 401) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 324 Accounting 1 Student Workbook Copyright 2013 Pearson

More information

Svetlana Saksonova University of Latvia

Svetlana Saksonova University of Latvia LEONARDO DA VINCI Transfer of Innovation Svetlana Saksonova University of Latvia Managerial Accounting for Decision-making Leonardo da Vinci programme project Development and Approbation of Applied Courses

More information

Accounting (4305) IGCSE London Examinations IGCSE Accounting (4305) For examination in May and November 2006, 2007, 2008 November 2004, Issue 1

Accounting (4305) IGCSE London Examinations IGCSE Accounting (4305) For examination in May and November 2006, 2007, 2008 November 2004, Issue 1 IGCSE London Examinations IGCSE Accounting (4305) For examination in May and November 2006, 2007, 2008 November 2004, Issue 1 delivered locally, recognised globally Specification London Examinations IGCSE

More information

What you need to do to comply with the law

What you need to do to comply with the law HS Direct Ltd Meadowhall House 3 Hayland Street Sheffield S9 1BY Tel 0800 849 6728 www.hsdirect.co.uk What you need to do to comply with the law All companies and traders within the UK must comply with

More information

DESIGN & PROJECT MANAGEMENT

DESIGN & PROJECT MANAGEMENT AIM recognises that the success of any project depends upon the presence of a robust project management process and structure. In recent years the company has made considerable investment in personnel,

More information

Cost and Management Accounting. Students Manual

Cost and Management Accounting. Students Manual Cost and Management Accounting Sixth Edition Students Manual Colin Drury Australia Canada Mexico Singapore Spain United Kingdom United States Cost and Management Accounting 6e: Students Manual Colin Drury

More information

Accounting. Draft GCE AS and A level subject content

Accounting. Draft GCE AS and A level subject content Accounting Draft GCE AS and A level subject content September 2015 Contents The content for AS and A level accounting 3 Introduction 3 Aims and objectives 3 Subject content 4 Knowledge and understanding

More information

There are two basic types of cost accounting systems:

There are two basic types of cost accounting systems: CHAPTER 2 JOB ORDER COSTING Managerial Accounting, Fourth Edition 2-1 Cost Accounting Systems There are two basic types of cost accounting systems: 2-2 LO 1: Explain the characteristics and purposes of

More information

CHAGUARAMAS TERMINALS LTD.

CHAGUARAMAS TERMINALS LTD. POLICY MANUAL All rights reserved to CrewsInn Limited. No part of this document may be reproduced in any form or by any means, without permission in writing from the company CHAGUARAMAS TERMINALS LTD.

More information

GRADE 11 NOVEMBER 2012 ACCOUNTING

GRADE 11 NOVEMBER 2012 ACCOUNTING Province of the EASTERN CAPE EDUCATION NATIONAL SENIOR CERTIFICATE GRADE 11 NOVEMBER 2012 ACCOUNTING MARKS: 300 TIME: 3 hours This question paper consists of 16 pages. 2 ACCOUNTING (NOVEMBER 2012) INSTRUCTIONS

More information

Big Yellow Group PLC Basis of Reporting 1st April 2012 31st March 2014 Corporate Social Responsibility

Big Yellow Group PLC Basis of Reporting 1st April 2012 31st March 2014 Corporate Social Responsibility Big Yellow Group PLC Basis of Reporting 1st April 2012 31st March 2014 Corporate Social Responsibility Deloitte LLP provides independent and limited assurance of selected subject matters in our annual

More information

Tech-level in Engineering Scheme of Work AQA Level 3 Technical Level Engineering: Design Engineering

Tech-level in Engineering Scheme of Work AQA Level 3 Technical Level Engineering: Design Engineering Tech-level in Engineering AQA Level 3 Technical Level Engineering: Design Engineering Unit Name: Design Engineer Project Management assured Guided Learning hours: 90 Guidance Notes: Unit type:centre assessed

More information

How To Calculate Overhead Absorption Rate For A Business

How To Calculate Overhead Absorption Rate For A Business MANAGEMENT ACCOUNTING 2 nd Year Examination August 2014 Exam Paper, Solutions & Examiner s Comments 1 NOTES TO USERS ABOUT THESE SOLUTIONS The solutions in this document are published by Accounting Technicians

More information

LIABILITY INSURANCE SUMMARY OF COVER

LIABILITY INSURANCE SUMMARY OF COVER LIABILITY INSURANCE SUMMARY OF COVER This gives only a summary of the cover provided and it does not give details of all the terms, conditions and exclusions. A full policy wording is available on request.

More information