GET WELL WRITTEN UNIT ASSESSMENT SOLUTION USING UNIT 2 BUSINESS RESOURCES - EDEXCEL BTEC LEVEL 3 NATIONALS SPECIFICATION IN BUSINESS ASSIGNMENT HELP!
Qualification - Edexcel BTEC Level 3 Nationals specification in Business
Unit Name - Business Resources
Unit Level - Level 3
Unit Number - Unit 2
Unit code - D/502/5409
Unit Credit - 10
Assignment Title - Resources in Action
Learning Outcome 1: Know how human resources are managed
Learning Outcome 2: Know the purpose of managing physical and technological resources
Learning Outcome 3: Know how to access sources of finance
Learning Outcome 4: Be able to interpret financial statements.
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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
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Case Scenario
Understanding how resources are managed is one of the keys to assessing how well the organisation is performing. In this unit, you will learn how the employees within their selected organisation are managed and how their performance is monitored. You will also learn about the range of physical and technological resources that their selected organisation utilises and how its resources are managed to maximise the performance of the business.
You will also learn how to make broad judgements on the financial performance of a business by looking at and considering those key items.
You will learn about the main accounting ratios that are used to interpret how well a business is performing and how to apply those ratios to given sets of financial statements. You will also learn how to analyse the results and make detailed judgements on the financial health of the business. Finally, you will learn about the possible limitations of those accounting ratios in providing a totally reliable picture of the financial position of a business.
In order to complete the tasks below, you need to select an appropriate organisation. You need to carry research into the organisation's resources.
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Assessment Part 1
In this task, you will focus on the human and non financial resources of your selected organisation. You will need to understand and explain the benefits of managing human resources in the selected organisation.
i) Describe the recruitment documentation used in the organisation P1
ii) Describe the main employability, personal and communication skills required when applying for a specific job roleP2
iii) Describe the main physical and technological resources required in the operation of the organisation P3
iv) Explain how the management of human, physical and technological resources can improve the performance of the organisation M1
v) Assess the importance of employability, and personal skills in the recruitment and retention of staff of organisation M2
Assessment Part 2
Managing financial resources is also very important to an organisation's success.
i) Describe sources of internal and external finance for your selected business P4
ii) Illustrate the use of budgets as a means of exercising financial control of the selected company P6
iii) Analyse the reasons why costs need to be controlled to budget M4
iv) Evaluate how managing resources and controlling budget costs can improve the performance of a business D1
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Assessment Part 3
You also need to fully understand the mechanisms put in place in managing finance. In order to do the following tasks, you need to carry out suitable research into the financial procedures of your chosen organisation.
i) Interpret the contents of a trading and profit and loss account and balance sheet for a selected company P5
ii) Illustrate the financial state of a given business P7
iii) 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 organisation M3
iv) Evaluate the adequacy of accounting ratios as a means of monitoring the state of the business in a selected organisation, using examples D2
v) Evaluate the problems they have identified from unmonitored costs and budgets D3
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Criteria reference
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P1
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Describe the recruitment documentation used in a selected organisation
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P2
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describe the main employability, personal and communication skills required when applying for a specific job role
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P3
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describe the main physical and technological resources required in the operation of a selected organisation
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P4
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describe sources of internal and external finance for a selected business
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P5
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interpret the contents of a trading and profit and loss account and balance sheet for a selected company
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P6
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illustrate the use of budgets as a means of exercising financial control of a selected company
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P7
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illustrate the financial state of a given business.
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M1
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explain how the management of human, physical and technological resources can improve the performance of a selected organisation
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M2
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assess the importance of employability, and personal skills in the recruitment and retention of staff in a selected organisation
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M3
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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 organisation
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M4.
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analyse the reasons why costs need to be controlled to budget.
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D1
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evaluate how managing resources and controlling budget costs can improve the performance of a business
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D2
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evaluate the adequacy of accounting ratios as a means of monitoring the state of the business in a selected organisation, using examples
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D3
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evaluate the problems they have identified from unmonitored costs and budgets budgets.
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