Business Studies

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Unit 2
Business RESOURCES
To achieve a Pass you must be able to show that you can;
Interpret the contents of a trading and profit and loss account and balance sheet for a selected company.P5
Illustrate the financial state of a given business.P7

For a Merit you must also;
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

For a Distinction you must also;
Evaluate the adequacy of accounting ratios as a means of monitoring the state of the business in a selected organisation, using examples.D2 To achieve a Pass you must be able to show that you can;

Interpret the contents of a trading and profit and loss account and balance sheet for a selected company.P5
Illustrate the financial state of a given business.P7

For a Merit you must also;
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

For a Distinction you must also;
Evaluate the adequacy of accounting ratios as a means of monitoring the state of the business in a selected organisation, using examples.D2 Portfolio Assignment 4

This assignment should be completed by …………………………………….

This assignment should be completed by …………………………………….

Name …………………………………………………………………………….

Name …………………………………………………………………………….

I declare this submission to be all my own work………………………………………

I declare this submission to be all my own work………………………………………

Scenario
Learner Comments
Learner Comments

Scenario
Scenario

Domestic Dog Homes specialises in supplying pet bedding for dogs in a range of sizes from miniature to giant dog size. They also cater for all ages, i.e. puppies to mature dogs. They stock innovative items such as dog tents for owners who like camping, and incontinence beds for mature dogs which do not leak and can be washed every day for a year.

The company has a lot of competition, in particular from large companies like Wilsons and Pets at Home. However, due to the specialist nature of their products, they are continuing to survive.

They are now interested in expanding their range to include brand new products from a leading designer which they feel will complement their current range. Before they take the plunge, they would like details of the state of their finances.

You have been provided with the annual accounts for Domestic Dog Homes and you need to carry out the following tasks and prepare a report.

Scenario
Scenario

Domestic Dog Homes specialises in supplying pet bedding for dogs in a range of sizes from miniature to giant dog size. They also cater for all ages, i.e. puppies to mature dogs. They stock innovative items such as dog tents for owners who like camping, and incontinence beds for mature dogs which do not leak and can be washed every day for a year.

The company has a lot of competition, in particular from large companies like Wilsons and Pets at Home. However, due to the specialist nature of their products, they are continuing to survive.

They are now interested in expanding their range to include brand new products from a leading designer which they feel will complement their current range. Before they take the plunge, they would like details of the state of their finances.

You have been provided with the annual accounts for Domestic Dog Homes and you need to carry out the following tasks and prepare a report.

Assignment Task 1

Study the profit and loss and balance sheet of Domestic Dog Homes a) Provide the owners of Domestic Dog Homes with a brief written interpretation of the key elements of each document. Explain the purpose of each element. b) State whether the company is making a profit or loss.

This task addresses P5...
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