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DESCRIPTION FOR PASS MERIT 0 DISTINCTION

UNIT 2: MANAGING FINANCIAL RESOURCES & DECISIONS

Outcomes/criteria: Indicative characteristics

PASS DESCRIPTION:

LO1. Understand the


sources of finance available
to a business.
LO2. Understand the
implications of finance as a As per the assessment criteria specified for pass
resource within a business Do
LO3. Be able to prepare Do
forecasts and budgets for Do
the business
LO4. Be able to evaluate the
financial performance of a
business.

MERIT DESCRIPTION:

. Relevant theories and techniques have been


applied.

. Effective judgments have been made.


M. Identify and apply
strategies to find
. Complex problems with more than one variable
appropriate solutions.
have been explored.

. An effective approach to study and research has


been used.

M2. Select/ design and . A range of methods and techniques has been
apply appropriate methods/ applied.
techniques.
. A range of sources of information used.
. The selection of methods and techniques justified.

. Complex information/data have been synthesized


and processed.

. Appropriate learning methods/ techniques applied.

. Appropriate structure and approach has been used.

. Logical and coherent arguments have been


presented

. Technical language accurately used.


M3. Present and
communicate appropriate
findings. . A range of methods of presentation has been
used.

. Familiar and unfamiliar contexts have been used.

. It is appropriate for familiar and unfamiliar


audiences.

DISTINCTION DESCRIPTION

. Synthesis has been used to generate and justify


valid conclusions

. The validity of results has been judged


D1. Use critical reflection to
evaluate own work and . Self-criticism of approach has taken place.
justify valid conclusion.
. Evaluation has taken place using defined criteria

. Realistic improvements have been proposed


against defined characteristics for success.

D2. Take responsibility for Autonomy/independence demonstrated


managing and organizing
Substantial activities/projects or investigations have
been planned, managed and organized.

The unforeseen has been accommodated.


activities.
The importance of interdependence has been
recognized.

Ideas generate and decisions taken

Convergent and lateral thinking have been applied


D3. Demonstrate
Capacity for innovation and creative thought has
convergent, lateral and
been used.
creative thinking
Receptiveness to new ideas has demonstrated.

Unfamiliar contexts have been applied.

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