5. Syllabus
i. Introduction to Business
| Title | Introduction to Business |
| Unit reference number | T/504/0966 |
| Credits | 10 |
| Level | 3 |
| Guided Learning Hours | 60 hours | Total Qualification Time | 100 hours |
| Learning Outcomes; The Learner will: |
Assessment Criteria; The Learner can: |
| 1. Understand different types of businesses and their functions |
1.1 List different types of businesses found in the public and private sectors 1.2 Identify the various stakeholders involved with a business 1.3 Describe how stakeholders can affect business activity 1.4 Identify an organisation’s business objectives 1.5 Define primary, secondary and tertiary organisations 1.6 Define corporate social responsibility 1.7 List a range of benefits of socially responsible business behaviour 1.8 List a range of perceived negatives of socially responsible business behaviour |
| 2. Understand a range of basic business and management structures |
2.1 Describe internal components of computer hardware 2.2 Describe the components of a central processing unit (CPU) 2.3 Describe the functions of a CPU 2.4 Explain the function of the fetch-decode-execute cycle 2.5 Describe how hardware components communicate with each other 2.6 Identify units of measurements of computer storage 2.7 Describe a range of computer storage media or justify the use of a type of storage media for a particular purpose 2.8 Describe a range of input devices or justify the use of a type of input device for a particular purpose 2.9 Describe a range of output devices or justify the use of an output device for a particular purpose |
| 3. Be able to demonstrate an understanding of basic marketing principles in business |
3.1 Define ‘marketing’ 3.2 Define ‘needs’ and ‘wants’ in relation to marketing 3.3 Identify a range of market segment categories 3.4 Explain market research and the ‘marketing mix’ |
| 4. Understand the basic concepts of production |
4.1 Define ‘production’ 4.2 Describe the steps necessary in a range of production processes 4.3 Explain different production layouts 4.4 Demonstrate the ability to select the most suitable production method for a particular product |
| 5. Be able to utilise a number of key business concepts |
5.1 Explain the difference between a micro and macro business environment 5.2 Explain why quality is important in business 5.3 Explain the ‘Kaizen method’ for quality control 5.4 Present information to others, following research, on what type of business an unfamiliar organisation is 5.5 Present information to others, following research, on the activities of an unfamiliar organisation 5.6 Create a SWOT analysis for an organisation 5.7 Perform a PESTLE analysis on an organisation |
| Syllabus Content | |
| Topic | Course coverage |
| Concepts of Business |
Learning Outcome: 1 |
| Business Environment |
Learning Outcome: 5 |
| Production and Quality |
Learning Outcome: 4 |
| People and Processes |
Learning Outcome: 2 |
| Marketing |
Learning Outcome: 3 |
| Assessment Type |
|
| See also Section 3 above |
k. Introduction to Accounting and Economics
| Title | Introduction to Accounting and Economics |
| Unit reference number | M/504/0965 |
| Credits | 10 |
| Level | 3 |
| Guided Learning Hours | 48 hours | Total Qualification Time | 100 hours |
| Learning Outcomes; The Learner will: |
Assessment Criteria; The Learner can: |
| 1. Understand essential aspects of accounting |
1.1 Define the term ‘accounting’ 1.2 Contrast the role of the accountant with the economist 1.3 Explain a range of common accounting terms 1.4 Describe the different forms of business unit |
| 2. Understand essential aspects of economics |
2.1 Define the term ‘economics’ 2.2 Explain the difference between microeconomics and macroeconomics 2.3 Contrast the role of the economist with the accountant 2.4 Explain a range of common Economics terms 2.5 List a range of factors that influence supply and demand |
| 3. Understand how markets operate | 3.1 Describe the different types of market that can exist 3.2 Explain a range of factors which can determine the structure of a market 3.3 Describe the effect of competition on the structure of a market 3.4 Explain the term ‘globalisation’ 3.5 Explain how economic growth may occur within markets |
| 4. Understand the role of money, interest rates and inflation within the area of accounting and economics | 4.1 Describe the different measures of money 4.2 Explain how governments use interest rates 4.3 Explain how governments use monetary policy 4.4 Explain what is meant by ‘exchange rates’ 4.5 Explain the link between exchange rates and monetary policy 4.6 Describe the effects of inflation on the economy |
| 5. Be able to apply a number of key concepts in accounting |
5.1 Process simple accounting statements using the double entry system 5.2 Balance a business account 5.3 Produce a trial balance 5.4 Calculate period end adjustments 5.5 Explain the process of preparing a financial statement 5.6 Interpret a financial statement 5.7 Prepare a financial statement 5.8 Incorporate period end adjustments into a financial statement 5.9 Prepare supply and demand curves to describe how markets work |
| Syllabus Content | |
| Topic | Course coverage |
| Introduction |
Learning Outcome: 1, 2 |
| Supply and Demand |
Learning Outcome: 3 |
| Market Structures and Competition |
Learning Outcome: 3 |
| Income and Output of Nations |
Learning Outcome: 2 |
| Money, Interest Rates and Inflation |
Learning Outcome: 4 |
| Introducing the International Dimension |
Learning Outcome: 3, 4 |
| Introduction to Accounting |
Learning Outcome: 1 |
| Bookkeeping |
Learning Outcome: 5 |
| Period End Adjustments |
Learning Outcomes: 5 |
| Preparing Financial Statements |
Learning Outcome: 5 |
| Interpreting Financial Statements |
Learning Outcomes: 5 |
| Review |
Learning Outcome: 1, 2, 3, 4, 5 |
| Assessment Type |
|
| See also Section 3 above |
Download: Level 3 International Foundation Diploma for Higher Education Studies Pdf: Here
