Assignment brief – QCF BTEC

Assignment front sheet

Qualification Unit number and title

BTEC Level 3 Extended Diploma in Business Unit 2 Business Resources

Student name Assessor name

Lynn Wickins

Date issued Interim Deadline Final Deadline Submitted on

25/10/17 17/11/17 08/12/17

Assignment title Resources in Action

In this assessment you will have opportunities to provide evidence against the following criteria.
Indicate the page numbers where the evidence can be found.

Criteria To achieve the criteria the evidence must show that Task no. Evidence
reference the student is able to:

P1, P2, Know how human resources are managed

P3, M1, Know the purpose of managing physical and Task 1
M2 technological resources

P4, P6,
M4, D1
Know how to access sources of finance Task 2

P5, P7,
M3, D2, Be able to interpret financial statements. Task 3
D3

Student declaration

I certify that the work submitted for this assignment is my own and research sources are fully
acknowledged.

Student signature: Date:

Assignment brief

Qualification BTEC Level 3 Extended Diploma in Business

Unit number and title Unit 2 Business Resources

Assessor name Lynn Wickins

Date issued 28/09/15

Deadline 09/12/15

Assignment title Resources in Action

Purpose of this assignment

The aim of this unit is to develop learner knowledge of the range of human,
physical, technological and financial resources required in an organisation, and
how the management of these resources can impact on business performance

Scenario
Understanding how resources are managed is one of the keys to assessing how
well the organisation is performing. In this unit, you will learn how the employees
within their selected organisation are managed and how their performance is
monitored. You will also learn about the range of physical and technological
resources that their selected organisation utilises and how its resources are
managed to maximise the performance of the business.

You will also learn how to make broad judgements on the financial performance of a business
by looking at and considering those key items.
You will learn about the main accounting ratios that are used to interpret how well a business
is performing and how to apply those ratios to given sets of financial statements. You will also
learn how to analyse the results and make detailed judgements on the financial health of the
business. Finally, you will learn about the possible limitations of those accounting ratios in
providing a totally reliable picture of the financial position of a business.
In order to complete the tasks below, you need to select an appropriate organisation. You
need to carry research into the organisation’s resources.
Task 1
In this task, you will focus on the human and non financial resources of your selected
organisation. You will need to understand and explain the benefits of managing human
resources in the selected organisation.
i) Describe the recruitment documentation used in the organisation P1
ii) Describe the main employability, personal and communication skills
required when applying for a specific job role P2

iii) Describe the main physical and technological resources required in the
operation of the organisation P3

iv) Explain how the management of human, physical and technological

resources can improve the performance of the organisation M1

v) Assess the importance of employability, and personal skills in the

recruitment and retention of staff of organisation M2

Task 1 covers assessment criteria P1, P2, P3, M1, M2

Task 2
Managing financial resources is also very important to an organisation’s success.

i) Describe sources of internal and external finance for your selected

business P4
ii) Illustrate the use of budgets as a means of exercising financial control of
the selected company P6
iii) Analyse the reasons why costs need to be controlled to budget M4
iv) Evaluate how managing resources and controlling budget costs can
improve the performance of a business D1

Task 2 covers assessment criteria P4, P6, M4, D1

Task 3
You also need to fully understand the mechanisms put in place in managing finance. In order
to do the following tasks, you need to carry out suitable research into the financial procedures
of your chosen organisation.

i) Interpret the contents of a trading and profit and loss account and
balance
sheet for a selected company P5

ii) Illustrate the financial state of a given business P7

iii) interpret the contents of a trading and profit and loss account and
balance
sheet for a selected company explaining how accounting ratios can be used to
 monitor the financial performance of the organisation M3

iv) Evaluate the adequacy of accounting ratios as a means of monitoring the

state of the business in a selected organisation, using examples D2

v) Evaluate the problems they have identified from unmonitored costs and
budgets D3

Task 3 covers assessment criteria P5, P7, M3, D2, D3

Evidence checklist

Guidance notes: [tick

boxes]
It is important that you select an organisation that enables you to cover all the
targeted criteria. You could look at your at an organisation where you have worked
part-time or on a work placement. The organisation you choose should be of an
appropriate size to ensure that there are adequate human, physical and
technological resources to focus upon.
Task 1:
For P1, you need to investigate your selected business and look at the way its staff
are managed. You need to ascertain whether staff are organised into teams, how the
different teams liaise and how individual and team targets are set and monitored.
You can present this in the form of a written report.
For P2, you need to describe the resources that your selected business has
available, including buildings, equipment, ICT, and plant and machinery. This can be
presented alongside the evidence for P1 as a written report.
For P3 you can present the sources of finance in a written format in an information
pack. You could also summarise the main sources of finance in bullet point format in
a PowerPoint presentation.

For M1, this can be presented as an extension of evidence for P2

(written report) to show an understanding of how resources are
managed and how this can improve the organisation’s. It is important
that you select an organisation that enables you to cover all the targeted
criteria.

For M2, the information needs to be in sufficient depth and detail regarding the
reasons why costs and budgets need to be closely monitored and the likely
problems if they are not. You need to make sure break-even, cashflow and sales
budgets are included with this part of the assignment to provide a basis from which
to illustrate your written report.

Task 2:

For P4 the materials can be presented in the form of a series of hand-outs or slides
in a PowerPoint presentation internal and external finance.
For P6, you need to use financial statements to calculate the various ratios. You
should show the formula and workings to indicate how you arrived at the answers.
You should provide a brief description of the results.

For M4, s can use the break-even analysis, cashflow forecast and sales budget to
analyse reasons why costs need to be controlled.

For D1, the materials for the training session can be presented in the
form of a series of handouts covering the management of budgets and
business resources or you can summarise the main issues in bullet point
format in a PowerPoint presentation. It is important that the material
is of an evaluative nature – clearly identifying how improvements can be
made through effective control of budgets and management of resources.

Task 3:
For P5, you should be able to identify whether the business is viable. You need to
comment on the content of the profit and loss account and balance sheet and
explain the purpose of each major item contained therein.
For P7, you need to illustrate the financial state of the business by calculating
various ratios. You should show the formula and workings to indicate how you
arrived at the answers. You should provide a brief description of the results.
For M3, you need to make a judgement about what ratios are and show whether the
company is performing well.
For D2 the evidence should be an extension of that produced for M3. Judgements
should be made about how useful the information from the ratios has been and how
it may be used. You may also consider the limitations of the ratios and whether the
information gathered produces a totally accurate picture of the performance of the
business. You can use examples of ratios calculated in Task 1 to illustrate your
responses.

For D3 – the evidence needs to highlight some of the limitations of the accounting
ratios as a way of measuring business performance and financial health.

Sources of information

www.bbc.co.uk/business BBC Business website

www.bbc.co.uk/news BBC News website
www.becta.org.uk British Educational Communications and Technology Agency
www.bized.ac.uk Business education website including learning materials and
quizzes
www.careers-in-business.com Information on a variety of business careers
www.carol.co.uk Online company annual reports
www.direct.gov.uk Gateway to public services
www.eubusiness.com Online business information service about the European
Union
www.examstutor.com/business Support for teachers and learners
www.fenc.org.uk Products and services for organisations involved in education
www.ferl.org.uk Educational resources for learning
www.jisc.org.uk Joint Information Systems Committee (guidance and advice for
further
and higher education)
www.learnthings.co.uk Learnthings – providers of interactive digital resources
www.lsda.org.uk Learning and Skills Development Agency
www.marketingteacher.com/ Lessonstore Free marketing resources
www.nln.ac.uk National Learning Network
www.peoplemanagement.co.uk The online magazine of the Chartered Institute
of Personnel and Development
www.projectalevel.co.uk Project A Level revision resources for learners
www.rdn.ac.uk/news/headlines Resource Discovery Network – a gateway to
internet resources for learning, teaching and research
www.statistics.gov.uk Official UK statistics
www.s-cool.co.uk A-level and GCSE revision material
www.thetimes100.co.uk Free materials and case studies

UK Business
Many businesses and chambers of commerce want to promote local business
so are often
willing to provide work placements, visit opportunities, information about
businesses and the local business context, and visiting speakers.
www.businessbritainuk.co.uk/
Provides information about business in Britain and has extensive links to other
business
and business news sites.
www.fsb.org.uk/default The Federation of Small Businesses provides
information support and guidance about small businesses in the UK.
Many businesses provide information

Assessor's comments
BTEC Level 3 Extended Diploma Assessor
Qualification Lynn Wickins
in Business name
Unit number and Student
Unit 2 Business Resources
title name

Criteria
referenc 24/09/14 Achieved?
e
P1 Describe the recruitment documentation used in a selected organisation

P2 describe the main employability, personal and communication

skills required when applying for a specific job role

P3 describe the main physical and technological resources

required in the operation of a selected organisation

P4 describe sources of internal and external finance for a selected

 business

P5 interpret the contents of a trading and profit and loss account

and balance sheet for a selected company

P6 illustrate the use of budgets as a means of exercising financial

control of a selected company

P7 illustrate the financial state of a given business.

M1 explain how the management of human, physical and

technological resources can improve the performance of a
selected organisation

M2 assess the importance of employability, and personal skills in

the recruitment and retention of staff in a selected
organisation

M3 interpret the contents of a trading and profit and loss account

and balance sheet for a selected company explaining how
accounting ratios can be used to monitor the financial
performance of the organisation

M4. analyse the reasons why costs need to be controlled to

budget.

D1 evaluate how managing resources and controlling budget

costs can improve the performance of a business

D2 evaluate the adequacy of accounting ratios as a means of

monitoring the state of the business in a selected
organisation, using examples

D3 evaluate the problems they have identified from unmonitored

costs and
.
budgets.

Student feedback

Assessor feedback
Action plan

Assessor signature Date

Student signature Date