Unit 2 Business Resources

P6 – Illustrate the use of budgets as a means of exercising financial control of a selected company

P5 – Interpret the contents of a trading and profit and loss account and balance sheet for a selected company

P4 – Describe sources of internal and external finance for a selected business.

P3 – describe the main physical and technological resource required in the operation of a selected organisation

P2 – describe the main employability, personal and communication skills required when applying for a specific job role

P1 – describe the recruitment documentation used in a selected organisation

D1 – Evaluate how managing resources and controlling budget costs can improve the performance of a business

M4 – Analyse the reasons why costs need to be controlled to a budget

M3 – 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.

M2 – Assess the importance of employability and personal skills in the recruitment and retention of staff in a selected organisation

M1 – explain how the management of human, physical and technological resources can improve the performance of a selected organisation

D3 – evaluate the problems you have identified from unmonitored costs and budgets

D2 – Evaluate the adequacy of accounting ratios as a means of monitoring the state of a business in a selected organisation, using examples