BTEC Level -3 Certificate in Business

ASSESSMENT MATRIX
QUALIFICATION
ASSESSOR NAME
LEARNER NAME

BTEC QCF L3 BUSINESS STUDIES

YEAR

2016

REGISTRATION
NO.

UNIT NO. AND

UNIT 2 : BUSINESS RESOURCES
TITLE
Dat Revi Revi Review -3
e
ew- ewissu 1
2
ed:
Date of final Submission:
Assignment
Assignment-I

Task
1
2

Pass
P1
P2

Assignment-2

3
4
5
6
7
8
9
10
11
12
13

P3

Merit

Distinction

M2
Assignment-3

Assignment-4
Assignment-5

M1
P4
P5
M3
D2
P6
M4
D3
P7
D1

Grades Achieved
P1

P2

P3

P4

P5

P6

P7

M1

M2

M3

M4

D1

D2

D3

Final Grade
Pass
Merit
Distinction.
Awarded
Assessors Signature
IV Signature:
Date:
Date:
Learner declaration I, hereby confirm that this assignment is my own work and not
copied or plagiarized. It has not previously been submitted as part of any assessment
for this qualification. All the sources, from which information has been obtained for
this assignment, have been referenced. (Harvard Format). I further confirm that I
have read and understood the Roots Business School rules and regulations about
plagiarism and copying and agree to be bound by them.
Learners Signature
Date:

BUSINESS RESOURCES

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Unit 2 - Business Resources

Unit code: Y/502/5409
QCF Level 3: BTEC National
Credit value: 10
Guided learning hours: 60
Aim and purpose
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.
Unit introduction
At the core of every organisation are the human, physical, technological and
financial resources that enable it to function. This unit will give learners a broad
understanding of the importance organisations place on managing their resources
efficiently in order to achieve their objectives. It is important that learners are able
to relate their understanding of resource management to a real organisation. This
will provide an essential link between theory and practice. Understanding how these
resources are managed is one of the keys to assessing how well the organisation is
performing. The first part of this unit explores the range of human, physical and
technological resources for a selected organisation. Learners will investigate the
importance of managing these resources efficiently. The contribution that recruiting
and retaining suitable staff can make to the organisations performance is
examined. The importance of managing the organisations physical and
technological resources efficiently is also explored. For an organisation to survive its
finances need to be sound and secure. The second part of the unit explores the
sources of financial resources available to organisations. The level of an
organisations performance can be seen in its financial statements. The unit aims to
develop knowledge and understanding of the financial statements and it underpins
other financial units in the qualification. This part of the unit focuses on the
interpretation and analysis of financial documents in order to highlight the need for
the monitoring and control of costs and budgets. It is important that learners
appreciate that poor management of resources can have a negative impact on an
organisations performance.

Learning outcomes
On completion of this unit a learner should:
1 Know how human resources are managed

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2 Know the purpose of managing physical and technological resources

3 Know how to access sources of finance
4 Be able to interpret financial statements.
Unit content
1 Know how human resources are managed Human resources: staffing to meet
changing business demands; coordination of team resources to meet targets;
monitoring of team performance; liaison with other departments; establishment of
professional culture eg levels of formality, separation of professional from private
activities; provision of appropriate incentives; encouraging creativity and initiative;
outsourcing versus in-house decisions Maintenance of operation: adequate
resources to meet tasks eg staffing, equipment, working capital, facilities,
administration; monitoring; troubleshooting and problem solving Human resources:
recruitment and retention; suitably skilled staff; contracts of employment; job
descriptions Employability skills: suitable qualifications; experience in similar role;
knowledge of products/services; experience of specific industry; effectiveness in
meeting personal and team/departmental targets; ability to observe and raise
professional standards of production/service delivery Personal skills: patient;
hardworking; able to work as part of a team; good interpersonal skills; cooperating
with others eg line managers, colleagues; negotiation eg in seeking agreements,
resolving conflicts, agreeing targets, agreeing budgets; interviewing skills
2 Know the purpose of managing physical and technological resources Physical
resources: buildings and facilities; materials and waste; plant and machinery;
equipment including ICT; planned maintenance and refurbishment; emergency
provision; insurance; security Technological resources: intellectual property eg
designs, drawings, text, music, video; accumulated experience and skills; software
licences; protection via patents and copyrights
3 Know how to access sources of finance Internal sources: owners savings; capital
from profits External sources: banks eg overdraft, business loan, commercial
mortgage, venture capital, hire purchase, leasing, factoring, share issues
4 Be able to interpret financial statements Costs and budgets: costs managed to
budget (fixed costs/variable costs, monitoring budgets and variances); breakeven;
bidding to increase future resources eg capital grants, investment; provision of
appropriate liquidity/working capital; provision of appropriate reserves to address
emergencies/crises Financial statements: profit and loss (purpose and use, measure
of trading performance, establishing profit figures) and balance sheet (purpose and
use, establishing net worth, business valuation) Basic ratios: to determine solvency
eg current ratio, acid test ratio; to determine profitability eg gross profit percentage;
net profit percentage; return of capital employed; to determine performance eg
stock turnover, debtors collection period, asset turnover.
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Assessment and grading criteria

In order to pass this unit, the evidence that the learner presents for assessment
needs to demonstrate that they can meet all the learning outcomes for the unit. The
assessment criteria for a pass grade describe the level of achievement required to
pass this unit.

GRADING CRITERIA
Pass
Merit
Distinction
To achieve a pass your
To achieve a merit your
To achieve a distinction
work must:
work must:
your work must:
LO covered: LO1: Know how human resources are managed
P Describe the
M1 Explain how the
D1
Evaluate how
1 recruitment
management of
managing resources
documentation used
human, physical and
and controlling
in a selected
technological
budget costs can
organization
resources can
improve the
improve the
performance of a
performance of a
business
selected organization
P Describe the main
M2 Assess the
2 employability,
importance of
personal and
employability, and
communication skills
personal skills in the
required when
recruitment and
applying for a specific
retention of staff in a
job role
selected organisation
LO covered: LO2: Know the purpose of managing physical and technological
resources
P Describe the main
3 physical and
technological
resources required in
the operation of a
selected organisation
LO
LO
P
4

covered: LO3: Know how to access sources of finance

covered: LO4: Be able to interpret financial statements
Describe the sources
of internal and
external finance for a
selected business
P Interpret the contents M3 Interpret the contents D2
5 of a trading and profit
of a trading and profit

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Evaluate the
adequacy of

and loss account and

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

and loss account and

balance sheet for a
selected company

P
6

P
7

Illustrate the use of

budgets as a means
of exercising financial
control of a selected
company
Illustrate the financial
state of a given
business.

M4

accounting ratios as a
means of monitoring
the state of the
business in a selected
organisation, using
examples

D3
Analyse the reasons
why costs need to be
controlled to budget.

Evaluate the
problems they have
identified from
unmonitored costs
and budgets.

Assignment Brief
UNIT NO. /
TITLE
QUALIFICATIO
N
LEARNER
NAME
ASSESSOR
ISSUE DATE

Unit 2 : BUSINESS RESOURCES

BTEC QCF L3 BUSINESS STUDIES
REGISTRATION
NO.
DEADLINE DATE

FINAL SUBMISSION
DATE

Task 1
P1 Describe the recruitment documentation used in a selected
organization.
M1 Explain how the management of human, physical and technological
resources can improve the performance of a selected organization.
D1 Evaluate how managing resources and controlling budget costs can
improve the performance of a business.
Student Guide lines

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Step 1 Student should find out what is recruitment process in any organization of their choice. (This
includes steps like Job analysis, job description, Job specifications, Notice advertisement, Selection )
Students can annex the documents and formats for the selected organization.

This will provide Evidence for P1

Step 2 Student should identify what are the human, physical and technological resources of

organization (like Land and Buildings, furniture and fixtures, equipment,

software etc.) Student should explain how these resources are effectively
used for the growth of the company of their own choice.
This will provide Evidence for M1
Step 3 You need to rank order the most important aspects that help the business to

improve and evaluate how effective they are in improving the business
Suggest improvements required to manage the resources

This will provide Evidence for D1

Task 2
P2

Describe the main employability, personal and communication skills

required when applying for a specific job role.
M2
Assess the importance of employability, and personal skills in the
recruitment and retention of staff in a selected organization
Student Guide lines
1. An organization wants to hire a sales representative. This is a new post that
has been created. You have been asked by the sales manager to do the
following:
Define the job role of a sales representative by listing out and describing the
employability, personal and communication skills required for this post.
Analyze why each one of these skills is necessary for the job role and how
this helps in retention of an employee at this post.

This will provide Evidence for P2, M2

Task 3
P3 Describe the main physical and technological resources required in the
operation of a selected organization
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Student Guide lines

1. Take a business organization of your choice. (This may be an organization
you are doing your internship in or somewhere your family or friends work or
own).
Make small report by listing out the different physical and technological
resources used in the organization. If you like you may depict in a tabular
form.

Resource type

Brief Description

Physical Resources:
Buildings and
Facilities
Materials and Waste
Plant and machinery
Equipment including
ICT
Vehicles
Fixtures and Fittings
Maintenance and
refurbishment
Emergency provisions
Security
Technological
Resources:
Computers, Mobiles
Internet
Intellectual property
Software licenses
Protection via patents
and copyrights
Accumulated
experience and skills
of staff
This will provide Evidence for P3

Task 4
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Use in the
Business
Organization

M1 Explain how the management of human, physical and technological resources

can improve the performance of a selected organization.
Student Guide lines

1. You have already examined the human, physical and technological resources
for a selected organization.

2. You should support your explanation with relevant examples and more detail
considering any limitations that might be placed on managers working with
these resources. You may also highlight which are the most and least
important for the business.

This will provide Evidence for M1

Task5
P4 Describe sources of internal and external finance for a selected business
Student Guide lines
1. In your report you need to describe the sources of finance for business
organization. The range of internal and external sources should be more than
just a list. The sources should be relevant to the local business. Ensure that
you include :
a) Internal sources: Owners savings/capital and capital from profits (student
should identify these sources of finance arise for new business or an
existing business. Student can choose any type of business like sole
trading, partnership or a joint stock company.)
b) External sources: student should identify various secured loans,
(debentures, bonds, commercial mortgage, venture capital, hire purchase,
leasing, and factoring etc.), Unsecured loans(Bank overdraft, business
loan, creditors etc) and other current liabilities
c) Prepare a presentation to highlight where business can obtain money
from, including both internal and external sources.

This will provide Evidence for P4

Task 6
P 5 Interpret the contents of a trading and profit and loss account and balance sheet
for a selected company

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Task 6
Student Guide lines
1. PROFIT & LOSS ACCOUNT: Below are the figures that Joe McIntyre has I order to
prepare his Profit and Loss Account. He would like you to use these figures to
calculate his gross and net profit.

Particulars
Sales
Opening stock
Purchases
Wages
Carriage inward
Rent
Rates and insurance
Advertising
Salesmen salaries
Bad debts

Amount (2012)
90000
10000
50000
30000
10000
5000
3000
10000
10000
2000

2. BALANCE SHEET: Below are the figures for the balance sheet of Joes Caf. You
are required to calculate the totals cost for Fixed Assets, Current Assets, Net
Assets, and Net Assets employed.
Particulars
Land and building
Machinery
Vehicles
Stock
Debtors
Bank balance
Creditors
Bills payable
Provision for Taxation
Proposed Dividends
Long term loans
Capital
General reserve

Amount (2012)
1,50,000
1,80,000
100000
7000
40000
20000
18000
75000
19500
12500
1,15,000
1,30,000
82000

Adjustments:
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Closing Stock is Rs. 34000

Depreciate Machinery by
10%
Depreciate Vehicles by 2.5%

Using the profit and loss account and balance sheet, explain the
highlighted features of the account.
This will provide Evidence for P5

Task 7
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 organization.

Student Guide lines

1. Explain the ratios for Joes Caf by showing your workings and giving an
explanation of the meaning of the result.
2. Using the following headings, explain the relevance of each ratio.
A) Gross Profit Ratio
B) Net Profit Ratio
C) Current Ratio
D) Acid Test Ratio
E) Debtors Days
F) Return on Assets
G) Fixed Assets Turnover Ratio
H) Dividend Coverage Ratio
I) Working Capital Turnover Ratio

This will provide Evidence for M3

Task 8
D2

Evaluate the adequacy of accounting ratios as a means of monitoring the state

of the business in a selected organisation, using examples.

Student Guide lines

1. Use P5(Task 6) for evaluating the accounting ratios which are calculated in M3
(Task 7). Interpretation should be given.

This will provide Evidence for D2

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Task 9
P6 Illustrate the use of budgets as a means of exercising financial control of a selected
company

This will provide Evidence for P6

Task 10
M4

Analyse the reasons why costs need to be controlled to budget.

Student Guide lines

1. Explain the advantages of budgeting and budgetary control.
2. Evaluate the problems in budgeting.
3. Explain the importance of cost reduction.

This will provide Evidence for M4

Task 11
D3

Evaluate the problems they have identified from unmonitored costs and
budgets.

Student Guide lines

1. Define what variance are (favorable and adverse). Examine the problems of not
monitoring a business budget. State what might happen if budgets are not
managed properly.

This will provide Evidence for D3

Task 12
P7

Illustrate the financial state of a given business

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Student Guide lines

1. Ratios are used to assess how well, or badly a business is doing. The different
categories are below:
A) Solvency Ratios: Current Ratio, Acid Test Ratio
B) Profitability Ratios: Gross Profit %, Net Profit %, Return on Capital Employed
(ROCE)
C) Performance Ratios: Stock turnover, Debtors Collection Period, Asset
Turnover.
Calculate all the ratios for Joes Caf using the financial documents.
These could be displayed in a table to help your comparison.

This will provide Evidence for P7

Task 13
D1

Evaluate how managing resources and controlling budget costs can improve
the performance of a business.

Student Guide lines

1. You need to rank order the most important aspects that help the business to
improve and evaluate how effective they are in improving the business.
2. Evaluate the performance of the business in the above P6 associated Task
3. Suggest improvements required to manage the resources.

This will provide Evidence for D1

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