Dear Year 12
Homework on cash flow forecasting due in today so that I can complete an accurate report on your attitude to learning, independent learning and quality of work.
Todays topic is on budgeting.
Here is todays powerpoint for the lesson
here are the class notes and the first activity for those that like to read up on a topic and test there understanding
And the classroom activity for lesson 2 this afternoon will be on planning a very special event.
I hope that you find it an enjoyable double lesson and a topic that is clearly understiood by the end of the double lesson
Mr T
Tuesday, 1 October 2019
Tuesday, 24 September 2019
Week four topic four - the cashflow forecasting tool.
Dear Year 12 Cashflow Champions...
Homework due in - break even point of the fish and chip shop business
Test on learning outcome A - key terms
Introduction on cash flow - Notetaking
Cashflow activities
Remember you will be sitting an online test which you need to pass before Christmas
Mr T
Homework due in - break even point of the fish and chip shop business
Test on learning outcome A - key terms
Introduction on cash flow - Notetaking
Cashflow activities
- My first social cashflow is here
- My second cashflow
- Revision note to secure a PASS
- My third cash flow as an Ebay Designer
- Revision notes to secure a MERIT
- My fourth cashflow Pretty Polly
- First Revision activity to secure a Distinction
- My final cashflow Bob the Farmer
Remember you will be sitting an online test which you need to pass before Christmas
Mr T
Tuesday, 17 September 2019
Learning Outcome B Planning tools for success
Lesson 4 Topic 3 (B.1) Understand the planning tools businesses use to predict when they will start making a profit
To answer all the 'online assessment' questions on this next topic on the course:
Learners should for a PASS (C):
Method 1 - Contribution Method For a PASS
Break-even point = total fixed costs
(output) selling price per unit - variable cost per unit
Method 2 - The Break Even Point - (BEP) Graph Method or Seven Steps to Break Even Heaven click here
Learners should for a MERIT (B)
Learners should for a DISTINCTION (A)
NEXT STEPS in our next lesson - click here
Homework 3 Wk 3
That's all you need to know for topic three now test yourself here
Good luck and enjoy
Mr T
PS if you haven't bought a core textbook the link here might be useful or alternatively you could get a second hand one or dare I say take a trip to use a free one in the library as they are ordering some for in there!
To answer all the 'online assessment' questions on this next topic on the course:
Learners should for a PASS (C):
- Be able to define break-even - the point that a business has made enough money through product sales to cover the costs of making the product (no profit and no loss)
- Be able to interpret (point out or identify) from a break-even chart: the
- break even point
- profit
- loss
- variable costs
- fixed costs
- total revenue
- total costs
- margin of safety
- Be able to calculate the break-even (formula will be given in the given assessment) using method 1, 2 or both
Method 1 - Contribution Method For a PASS
Break-even point = total fixed costs
(output) selling price per unit - variable cost per unit
Method 2 - The Break Even Point - (BEP) Graph Method or Seven Steps to Break Even Heaven click here
Learners should for a MERIT (B)
- Be able to analyse and explain the value and importance of break-even analysis to businesses when planning for success
- Analyse and explain the associated risks to a business of not completing a break-even analysis
- Present the given information graphically on a break-even chart
Learners should for a DISTINCTION (A)
- Analyse the effect on the break-even point if sales or (fixed and variable) costs change, and explain the impact of these changes on the business.
NEXT STEPS in our next lesson - click here
Homework 3 Wk 3
That's all you need to know for topic three now test yourself here
Good luck and enjoy
Mr T
PS if you haven't bought a core textbook the link here might be useful or alternatively you could get a second hand one or dare I say take a trip to use a free one in the library as they are ordering some for in there!
Tuesday, 10 September 2019
BTEC Business Level 2 - Unit 2 Finance for Business - Lessons 1 & 2
Dear Year 12 BTEC Business L2ers
Business is very abstract and if you don't have a family business and have never had any work experience its sometimes difficult to get your head around stuff.
That said my advice to you is "put yourself in the scenario" try to think about what you would do if you walked into the example and actually had to think like the business owner in the case study you are given. The sooner you think like the owner the sooner you will start thinking like a business person and it might not come naturally at first but you will start to develop your skills set very quickly and this is a skill set that employers are crying out for.
Anyway, today's lesson covered Learning Aim A - Understanding the costs involved in business and how businesses make a profit. Although we didn't really get to the importance of profit you do need to know what your costs are before you can start thinking about making a profit and selling anything!
Lesson 1 - Topic A.1 Understand the costs involved in business
After today's lesson you should:
Understand and identify the costs of a business including:
Lesson 2. we will look at understanding, defining and identifying the difference between fixed cost's and variable costs, direct and indirect costs and total costs.
We will also consider revenue and profit. The formulae will not be given to you in the exam so you will need to remember these once you have been taught them.
Good luck and enjoy
Mr T
Business is very abstract and if you don't have a family business and have never had any work experience its sometimes difficult to get your head around stuff.
That said my advice to you is "put yourself in the scenario" try to think about what you would do if you walked into the example and actually had to think like the business owner in the case study you are given. The sooner you think like the owner the sooner you will start thinking like a business person and it might not come naturally at first but you will start to develop your skills set very quickly and this is a skill set that employers are crying out for.
Anyway, today's lesson covered Learning Aim A - Understanding the costs involved in business and how businesses make a profit. Although we didn't really get to the importance of profit you do need to know what your costs are before you can start thinking about making a profit and selling anything!
Lesson 1 - Topic A.1 Understand the costs involved in business
After today's lesson you should:
Understand and identify the costs of a business including:
- startup costs - the cost incurred when setting up a business
- operating (running) costs - the costs incurred in the day to day running of a business
- We will start next lesson by testing you on this!
Lesson resources
- Class notes on Costs, revenue, expenditure and profit
- Costs of different types of business
- Total costs worksheet
- Estimating costs homework
- TOTAL COSTS = FIXED COSTS + REVENUE
Lesson 2. we will look at understanding, defining and identifying the difference between fixed cost's and variable costs, direct and indirect costs and total costs.
We will also consider revenue and profit. The formulae will not be given to you in the exam so you will need to remember these once you have been taught them.
- Revenue = Price per item x No of items sold
- Profit = Total Revenue - Total Costs
- Profit activities worksheet
- Additional profit activities
Good luck and enjoy
Mr T
Monday, 9 September 2019
Friday, 14 June 2019
Using Code On BBC Micro Bits
Dear Year 7 Coders
Our next lesson has a variety
of projects to work on.
Who will be the first to
create:
Coding for a thermometer
Code for a dice
Coding for a Compass
Other Code Club Projects
For those that wish to push
their coding skills further try using the Python Editor which you can access
from the link below
Enjoy
Mr T
Thursday, 2 May 2019
P5 Unit 8 Long Haul Travel Destinations
P5 Plan a multi centre long haul tour to meet a given UK visitor profile, showing sources used
A country or tourist area should be chosen for P5 and I would suggest that you pick South East Asia as there is so much to see and do.
You have been given a very fun brief in the assignment. Your multi centre tour needs to contain at least four centres. A centre is a main stop within the itinerary.
The tour should be presented as an itinerary and should include transport arrangements to and from the UK and between the four centres.
It should also include details of accommodation used en route and at each centre any car hire, excursions or trips that are pre-booked as well as any attractions that you include and any events that are available to the visitors at that time of year at each centre.
This tour needs to be unique and constructed personally by you.
It should not be copied in part from any existing tour or available today in a brochure or online.
Evidence of research
This challenge expects you to provide a list of evidence (sources) of your research which should be included with this work as a separate bibliography to support this achievement . The bibliography should be referenced in the learners work. Any research used must be edited into your own words
The Customer Brief
This can be found in the assignment and includes the visitor profile, budget, motivation for the trip, visitor type and restrictions. Although we don't need a detailed costing you will need to consider the cost when choosing the accommodation or transport and when creating.
M3 Independently plan a detailed multi centre tour, clearly justifying selections for the specified visitor profile
To achieve M3 you need to justify the choices that you have made for all aspects of the planned tour and referring back to the visitor profile. This could be done verbally or in written format but verbally would require a recording and a witness statement
.Plan of action
A country or tourist area should be chosen for P5 and I would suggest that you pick South East Asia as there is so much to see and do.
You have been given a very fun brief in the assignment. Your multi centre tour needs to contain at least four centres. A centre is a main stop within the itinerary.
The tour should be presented as an itinerary and should include transport arrangements to and from the UK and between the four centres.
It should also include details of accommodation used en route and at each centre any car hire, excursions or trips that are pre-booked as well as any attractions that you include and any events that are available to the visitors at that time of year at each centre.
This tour needs to be unique and constructed personally by you.
It should not be copied in part from any existing tour or available today in a brochure or online.
Evidence of research
This challenge expects you to provide a list of evidence (sources) of your research which should be included with this work as a separate bibliography to support this achievement . The bibliography should be referenced in the learners work. Any research used must be edited into your own words
The Customer Brief
This can be found in the assignment and includes the visitor profile, budget, motivation for the trip, visitor type and restrictions. Although we don't need a detailed costing you will need to consider the cost when choosing the accommodation or transport and when creating.
M3 Independently plan a detailed multi centre tour, clearly justifying selections for the specified visitor profile
To achieve M3 you need to justify the choices that you have made for all aspects of the planned tour and referring back to the visitor profile. This could be done verbally or in written format but verbally would require a recording and a witness statement
.Plan of action
- Go East! to somewhere that 21-28 days will be interesting and exciting
- Sort flights first - can you get to these places?
- Then add hotels to meet needs of the couple
- Now add activities, time out, sightseeing, day trips, rest days
- Ensure the itinerary is in day by day order
- Job done!
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