This pack includes 8 A3 posters to help students with their revision for the Unit 2 WJEC Applied Business Studies exam. Posters 1 and 2 have a working business example of the business financial documents flow process in order with details of the purpose of each one and what the consequences are if the are filled in wrong. Poster 3 has a breakdown of each payment method type and what the advantages and disadvantages are for using each type. Poster 4 has the pros and cons of using a computerised accounting system. Poster 5 and 6 uses a business example and what the purpose of using financial documents (Trading Accounts, Profit & Loss Accounts, Balance Sheet and Accounting Ratio’s to interpret these financial statements). The P&L accounts and Balance Sheets uses colour coded calculations to help students perform the calculations on each one. The Accounting Ratio’s show how to calculate each one with guidance on how to interpret them including stakeholders interest. Poster 7 and 8 looks at a made up business to make budget forecast with details of what a budget is and its advantages. Gives working examples of fixed and variable costs, which then follows on to working out the break even for the business. Includes both the contribution method and graph method. A scenario is provided to make a judgement on what the effects on the break even if the cost of a product is increased and what action can be taken to minimise the impact on what could the potentional impact have on the course of action. I have included details on the Margin Of Safety and how it can be calculated.
I have tried to make this user friendly to help students with their revision and it includes samples of past answers to mirror the correct answers needed for their exam. If you download this please leave a comment if I can improve it any way. Thank you.
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