K5BUS2 Managing business activities personal learning checklist

Edexcel A-level Business · Papers 2, 3

Name ____________________ Class __________ Date __________

Tick one box per statement. Red: need help. Amber: partly confident. Green: can do independently.

I canRedAmberGreen
Internal sources of finance
evaluate internal funding against cash needs and operational consequences
External sources and methods of finance
recommend external finance suited to amount, duration, risk and control
evaluate alternative funding agreements and their obligations
Liability and financing choices
explain liability and evaluate finance available to different business forms
Business plans and cash-flow forecasting
construct and revise a cash-flow forecast with consistent timings
evaluate a business plan and the limitations of its cash assumptions
Sales forecasting and uncertainty
evaluate sales forecasts and their implications across functions
Sales revenue and cost behaviour
calculate revenue, costs and average costs using consistent periods
Contribution, break-even and margin of safety
calculate contribution, break-even and margin of safety
draw and evaluate break-even models under changed assumptions
Budgets and variance analysis
calculate and interpret cost and revenue variances
evaluate budgeting methods and behavioural effects
Profit measures and profitability
calculate profit measures and corresponding margins from a statement
evaluate profitability and distinguish accounting profit from cash
Liquidity, financial position and working capital
calculate working capital and interpret liquidity ratios
evaluate working-capital improvements and growth-related cash risks
Causes and processes of business failure
analyse interacting financial and non-financial causes of failure
Production methods, productivity and efficiency
compare job, batch, flow and cell production in context
calculate productivity and evaluate efficiency improvements
Capacity utilisation
calculate and evaluate capacity utilisation and proposed responses
Inventory control, lean production and waste
interpret stock-control diagrams and calculate replenishment triggers
evaluate just-in-time and lean approaches without assuming disruption disappears
Quality management and continuous improvement
compare quality control, assurance and organisation-wide improvement
Economic conditions and business decisions
calculate inflation and exchange-rate effects and interpret quotations
evaluate economic influences through specific business channels
Legal influences on operations
evaluate business effects of consumer, employee, environmental, competition and safety requirements
Competitive environment and connected decisions
develop a coordinated recommendation in a changing competitive market

Next revision priority: __________________________________________________