Level 3 International Foundation Diploma for Higher Education Studies (Part 6)

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
  • Business activities
  • Types of business

Learning Outcome: 1

Business
Environment
  • Macro Economy
  • Competition
  • Legal Environment
  • Corporate Social Responsibility
  • Ethics
  • PESTLE

Learning Outcome: 5

Production and
Quality
  • Production
  • Manufacture vs. Services
  • Quality

Learning Outcome: 4

People and
Processes
  • Management and structures
  • Organisation Design
  • Leadership and Management styles
  • Change and culture

Learning Outcome: 2

Marketing
  • Market analysis
  • Marketing mix
  • SWOT

Learning Outcome: 3

 

Assessment Type 
  • Global Assignment (100%)
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
  • The economic perspective
  • Types of economic system
  • What is economics?
  • What is accounting?
  • Module overview

Learning Outcome: 1, 2

Supply and
Demand
  • How markets work
  • Describing the behaviour of sellers
  • Describing the behaviour of buyers
  • How prices reconcile supply and demand

Learning Outcome: 3

Market
Structures and
Competition
  • Describing markets
  • Things that affect the structure of markets
  • Is competition important?

Learning Outcome: 3

Income and
Output of
Nations
  • Micro and macro economics
  • Describing the behaviour of national economies

Learning Outcome: 2

Money, Interest
Rates and
Inflation
  • The price of money
  • The banking system
  • When money loses its value

Learning Outcome: 4

Introducing the
International
Dimension
  • The international dimension
  • How currencies affect international trade
  • Globalisation, is this good or bad?

Learning Outcome: 3, 4

Introduction to
Accounting
  • From economics to accounting
  • Concepts and conventions in accounting

Learning Outcome: 1

Bookkeeping
  • Writing things down
  • Income, expenses, assets, liabilities and capital

Learning Outcome: 5

Period End
Adjustments
  • The accounting period
  • Accounting estimates; depreciation, inventories, payables,
    receivables and provisions

Learning Outcomes: 5

Preparing
Financial
Statements
  • Putting the numbers together
  • Types of financial statement
  • How financial statements are linked
  • The annual report

Learning Outcome: 5

Interpreting
Financial
Statements
  • Reasons for interpreting statements
  • Methods of interpretation
  • Reporting the results of interpretation

Learning Outcomes: 5

Review
  • The main ideas in this module
  • Economics, the big picture of markets and countries
  • Accounting, the view from the firms

Learning Outcome: 1, 2, 3, 4, 5

 

Assessment Type 
  • Global Assignment (100%)
See also Section 3 above

 

Download: Level 3 International Foundation Diploma for Higher Education Studies Pdf: Here

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