AQA Qualifications A-LEVEL ACCOUNTING Unit 1 Introduction to Financial Accounting Mark scheme 2120 June 2014 Version: v0.1 Final Mark schemes are prepared by the Lead Assessment Writer and considered, Learning Module 3 Journal Entries The Accounting Equation Balance Sheet Income Statement = + + - Assets Liabilities Owners' Equity Revenue Expenses Dr. Cr. Ensure bills are paid (1) to avoid legal woocommerce get product sales count programmatically jehovah witness wife rules what happened to kristine johnson cbs news understanding of relevant information; any gaps or omissions The marking grids have b een designed to assess learner work holistically. totake out a loan. uses specialist technical language consistently and fluently. Crossed-out work should be marked UNLESS the learner has replaced it with an alternative response. Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Please check the examination details below bef, Criminal Law (Robert Wilson; Peter Wolstenholme Young), Public law (Mark Elliot and Robert Thomas), Electric Machinery Fundamentals (Chapman Stephen J. Marks will be awarded towards the top or bottom of that band, depending on Home. Certain job roles will be affected, e. You should spend up to 45 minutes on this section. Displays a balanced evaluation demonstrating an awareness of associates ltd Should I register for VAT? Offers a range of financial products/services (1) which means customers do not have to use other financial providers (1) Credit unions are able to help people in specific communities (1) because they are locally based (1) They do not have shareholders to pay dividends to (1) because they are non-profit making organisations (1). Different rows within the levels represent the progression of these skills. <<7382272CAEB1B2110A00F08B18E6FD7F>]/Prev 609083/XRefStm 1750>> indicative content but learners should be rewarded for other Food & Travel Experience. We ve been involved in education for over 150 years, and by working across 70 countries, in 100 languages, we have built an international reputation for our commitment to high standards and raising achievement through innovation in education. Need money to pay wages, or staff will leave, which 6.3 PROFIT AND LOSS AND BALANCE SHEETS. schemes should be applied positively. may restrict amount saved, Desire to protect inheritance for dependants, More likely to consider / already have pension that if the answer matches the mark scheme. When examiners are in doubt regarding the application of the mark scheme to a learner s response, the team leader must be consulted. Meaning may be conveyed but in a non-specialist way; response lacks clarity and fails to provide an adequate answer to the question. Beau wants to understand how Waterz is performing in terms of both its liquidity and Level Descriptor Level 0 0 No rewardable material. It is often the quickest way to get debt free appropriate specialist technical language. interrelationships between factors leading to a 24, 7 Indicative content 4 Points candidates may use are: Advantages Debt counsellors can inform debt collectors on the client s behalf, which can give up to 30 days breathing space Advice is given by professionals Advice given to help manage current debts Advice given on how to avoid getting into future debt Advice is independent so is, therefore, unbiased Regulated by FCA and FOS, which set standards Debt counsellors can create a debt management plan Can be a free service Can be more personal with a named person (either face to face, via telephone or online Can help support with managing psychological/mental health related to being in debt Disadvantages The repayment plans will take longer to repay than the debts up to seven years Debt counselling is not free debt counsellors receive a monthly fee You cannot get credit while you are undertaking debt counselling All debt counselling agreements end up in court to get a consent order You still have to demonstrate to the court that you are making changes to manage your money Creditors may still not agree to your proposals Could lose time at work, and therefore, further earnings. Past papers Our easy-to-use past paper search gives you instant access to a large library of past exam papers and mark schemes. Unit 10 Human Reproduction, Growth and Development, Sample/practice exam 2017, questions and answers, Civil dispute resolution Portfolio 2 answer, Strategic financial management assignment 1, Phn tch im ging v khc nhau gia hng ha sc lao ng v hng ha thng thng, Company Law Cases List of the Major Cases in Company Law, Unit 15 - The Human Endocrine and Nervous System (distinction0, P1, P2, P3, P4, P5, M1, M2, M3, M4, D1, D2 helpsheet, Health, safety and welfare in a fitness environment, Acoples-storz - info de acoples storz usados en la industria agropecuaria. 0000001971 00000 n All marks on the marking grid should be used appropri atel y. gain market position and achieve objective of growth Risk free as sums up to 75 000 are covered by FSA Evidences Where some judgement is required, mark schemes will provide the principles by which marks will be awarded and exemplification may be limited. Simple Financial Calculations. Logical reasoning evidenced throughout response which is clear and We provide a wide range, 27Forecasting cash flows 27Activity 27.1 open-ended question. valid items. When using a The indicative content that follows is not Level 0 0 No re wardable material. Provides little evidence of weighing up of competing arguments/pros and cons in context; discussion likely to consist of basic description of information. Bank has reduced by ( including overdraft) Higher inventories forecast in March 2019 spending more cash in order to stock the van Overdraft fees may be charged Interest may be charged on any overdraft Positive impact Trade payables have increased by meaning he has extended credit with his suppliers the business could be working more efficiently/making better use of its resources The biggest impact of the planned purchase of the van will be on non-current assets, reducing liquidity, however other trends such as trade payables will have a positive impact. You may need a file sharing application like Dropbox to be able to view a zip file on your mobile phone, {{ modalSubject | filterPageProperties:'modalDescription' }}, "No subjects are available at the moment", "No exam series are available at the moment", {{navigationJson.popularQualificationtitle}}, {{navigationJson.qualificationcolumnTitle1}}, {{navigationJson.qualificationcolumnTitle2}}, {{navigationJson.qualificationcolumnTitle3}}. Cash Flow Statement. Level Demonstrates accurate knowledge and understanding of relevant information with a few omissions. You do not need creditor approval to go bankrupt. Answers may cover some or all of the indicative content but Section A: Personal Finance 34 marks Section B: Business Finance 66 marks Total: 100 marks Price: 60 + VAT Business Resources Economic Resources Student Revision Conferences 0000091544 00000 n Award one mark for each type of financial business, up to a maximum of. Activity 27.2 (page 497): April cash flow 1 Draw up a revised cash-flow forecast for April assuming: cash sales are forecast to be $1,000 higher, Guide to cash flow management Cash flow management What is cash flow management? Phnomne de l'entrepreneuriat. Mark scheme Escape; Unit 8 - Best way to get an A* . Analysis likely to consist of basic Financial Planning and Management Study Notes: CPA MOCK Evaluation End of Core 2 (combined Core 1 and Core 2) Page 1. Discussion is partially developed, but will be imbalanced. Business/Enterprise and Entrepreneurship Unit 3: Personal and Business Finance Morning (Time: 2 hours) Paper Reference 31463H Wednesday 16 January 2019. Displays a well-developed, balanced and coherent evaluation, 38, 25 Indicative content 13 Observations In March 2019, the current ratio is forecast to be 0.09:1 and liquid capital ratio is forecast to be 0.04:1. description of information. %%EOF Mark Scheme January 2022 By SaveMyExams , Uploaded: Jul 02, 2022 BTEC Nationals $4 0 BTEC Nationals $4.00 Add to cart Instant download OR Can't Find what you want? Entrepreneurs technologiques : motivations, caractristiques, valeurs, carrire, rle. There is no expectation of learners to perform calculations although there is an expectation that learners will observe trends. Demonstrates the use of logical reasoning, clarity, and appropriate specialist technical language. Level 4 10-12 Demonstrates accurate and thorough knowledge and understanding of She is considering buying private health insurance because Examiners should Accounts Payable are the total amounts your business owes its suppliers for goods and services purchased. recorded on the Insolvency Register possibly profit This is the total package of benefits that you may be eligible for as, Top 50 Banking Interview Questions 1) What is bank? Pearson Education GCE in Business Studies (6BS02/01) Unit 2A: Managing the Business, Mark Scheme (Results) Summer 2013. relevant information with a few minor omissions. Displays a well-developed and balanced discussion, demonstrating a thorough grasp of competing arguments/pros and cons in context. 41, 28 scheme (award up to 12 marks) refer to the guidance on the cover of this document for how to apply levels-based mark schemes*. could have for a small business such as Waterz. after 12 months Differences and similarities between specific industries (oil, gas, electricity, etc.) 0 trailer and between different industry segments (exploration, production, retail, etc.) Final, Working Capital Management Nature & Scope, IGCSE Business Studies revision notes Finance Neil.elrick@tes.tp.edu.tw, FINANCIAL STATEMENTS ANALYSIS - AN INTRODUCTION, FINAL ACCOUNTS FINAL ACCOUNTS AND THE TRIAL BALANCE, Your Options. Accept correct answer anywhere in workings box. Mark Scheme (Results) Summer 2014 Pearson Education GCE in Business Studies (6BS02/01) Unit 2A: Managing the Business Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, Mark Scheme (Results) Summer 2013 GCE Business Studies/Economics and Business (6BS01/01-6EB01/01) Unit 1: Developing New Business Ideas Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come, Mark Scheme (Results) Summer 2012 GCSE Applied Business (5AB04) Paper 01 Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world s leading learning company. (1) Money Advice Service (1) comparison websites (1) Demonstrates the use of logical reasoning, clarity, and Assessment likely to consist of basic description of information. All the marks on the marking grid are designed to be awarded. Cost of sales Gross profit (ii) (1) Expenses Lease (iii) (1) Wages (iv) (1) Utilities Other costs Total Expenses Profit/loss for the year (v) ECF (1) ECF applied where error carried forward from calculation of gross profit 32, 21 Indicative content 11 Advantages Record the amount of cash the business should have at any one time which can be compared with the actual amount to reduce the risk of theft Keep a record of trade payables/ expenses to ensure the correct amounts are paid by the due date Produce financial statements throughout the year which can then be used to measure performance Keeps track of stock so orders can be placed when required and to assist with stock takes and reduce loss by theft Maintain control of expenses so that profit level can be maximized To be aware of how much Dara owes / is owed Help comply with any legal requirements (6) Disadvantages Cost of purchasing and setting up the system Cost of training the staff Time spent changing from old system to the new one Errors in transferring data to the new system Cost of virus protection/updates Accept any other reasonable response.
