Skills for Work: Business Finance
Mae disgrifiad y cymhwyster yn Saesneg yn unig, gan ei fod wedi ei gymryd o fanyleb Saesneg Open Awards.
Business Finance is an Open Awards Skills for Work unit in which learners learn how businesses raise money, cover costs and set prices, and plan, run and review a fundraising or small business activity. Each level, from Entry 1 to Level 2, is a separate 20 hour, 2 credit unit, assessed through school-designed tasks collected in a portfolio and judged Pass or Fail. Digital demand is low: Digital competence is listed as a cross-curricular skill and the guidance mentions digital templates, online sales and crowdfunding, but no criterion requires digital work, so spreadsheets, online research and digital promotion depend on the school's choices.
- Corff dyfarnu
- Open Awards
- Lefel
- Entry Level 1 to Level 2
- Oriau dysgu dan arweiniad
- 20
- Addysgu gyntaf
- Medi 2027
- Faint o waith digidol
- Isel
- Manyleb
- Agor y fanyleb
Sut mae'r uned hon yn cael ei hasesu
- Entry Level 1 (CBM196) and Entry Level 2 (CBM197): Three outcomes at each level: know what a business is, take part in a fundraising activity, and identify what went well and what could be improved. Entry 1 learners give an example of a local business and a national organisation, state one way a business raises money, take part in a supported fundraising activity and show one action, such as collecting money or helping record simple totals. Entry 2 learners identify a range of businesses, an aim, one source of money and one cost, contribute to planning and running the activity, and identify its outcome and one improvement. Provider-designed tasks collected in a portfolio. 20 guided learning hours and 2 credits at each level, Pass or Fail.
- Entry Level 3 (CBM198) and Level 1 (CBM199): Entry 3 learners give features of a business, explain why customers matter and ways businesses make money with one advantage and disadvantage, produce a simple plan, take part and measure success by counting money, customers or items sold, and reflect. Level 1 learners define income, cost, price, profit, loss and budget, identify three common costs and two income sources, describe how to set a price and the risk and benefit of two financial decisions, plan a small business activity with a simple budget, carry it out keeping a record of money received and spent, calculate profit or loss and describe an improvement. Provider-designed tasks collected in a portfolio. 20 guided learning hours and 2 credits at each level, Pass or Fail.
- Level 2 (CBM200): Eleven criteria across three outcomes: explain three ways of raising money with an advantage and disadvantage of each and compare two for a scenario with a recommendation, explain how financial decisions affect business performance and why pricing matters, produce a business plan with estimated costs, projected profit and a cash-in and cash-out plan, justify the funding and pricing approach, carry out the activity and accurately record money in and out, individually evaluate success using evidence such as actual against planned income, and produce an action plan with tangible improvements. Provider-designed tasks collected in a portfolio. 20 guided learning hours, 2 credits, Pass or Fail.
Sgiliau sy'n defnyddio Datrys problemau a modelu
-
Recording money and profit in a spreadsheet or digital template
Level 1 learners keep a record of money received and spent and compare income with costs to find profit or loss. Level 2 learners plan estimated costs, projected profit and a cash-in and cash-out plan, record money accurately during the activity, and evaluate actual against planned income and sales data. Recording is assessed, but the guidance lists digital templates as one option alongside tally sheets and handwritten records.
DCF: Llythrennedd gwybodaeth a data, Datrys problemau a modelu
Paratoi disgyblion
- Blwyddyn 7
- Pupils enter the takings and costs of a class cake sale into a spreadsheet and use SUM to find the totals.
- Blwyddyn 8
- Pupils build a spreadsheet that calculates profit or loss for a stall, using formulae so it updates when prices change.
- Blwyddyn 9
- Pupils set up planned and actual columns for a fundraising event, calculate the differences, and chart sales by product.
Dangos geiriad y fanyleb a datganiadau'r FCD
Ble mae yn y fanyleb: Level 1, criteria 3.2 and 3.3, Indicative Content page 24; Level 2, criteria 3.1, 3.3 and 3.4, Indicative Content page 29
“This could include use of tally sheets, handwritten records, digital templates”
Cam cynnydd 3
Rwy'n gallu creu, mireinio a dadansoddi setiau data mewn tablau, siartiau, taenlenni a chronfeydd data i brofi neu gefnogi ymchwiliad.
Rwy'n gallu defnyddio ystod o fformiwlâu taenlenni, e.e. + - / x, swm, cyfartaledd, uchafswm, lleiafswm.
Cam cynnydd 4
Rwy'n gallu creu model syml neu algorithm annibynnol.
Rwy'n gallu dadansoddi setiau data syml gan gynnwys grwpio data fel sy’n briodol.
Da gwybod
- Each level is a separate unit with its own code, worth 2 credits and 20 guided learning hours: CBM196 (Entry 1), CBM197 (Entry 2), CBM198 (Entry 3), CBM199 (Level 1) and CBM200 (Level 2); every unit page states "Guided Learning Hours: 20" (Unit Content, pages 12 to 26).
- Only one level counts in a qualification: "with the exception of British Sign Language (BSL), units with the same title at different levels are barred for completion within the same qualification" (Level 1 Qualification Guide, Qualification Units, page 17).
- Tasks are set by the school: the unit is "assessed through assessment tasks and activities designed by the provider", tasks need pre-course verification, and "All assessment criteria must be met in full for the learner to be awarded a 'pass'" (Assessment Approach, page 8).
- Fundraising can be done in groups: "learners may work in small groups but only their individual contributions can be assessed", and individual work is flagged in the guidance (Assessment Approach, page 8). At Level 2 learners "must individually evaluate" the activity (page 29).
- Evidence goes in a portfolio of evidence, on paper or digital, and "Wherever possible, e-portfolios are encouraged" (Assessment Approach, page 8).
- Resources must include "access to digital devices (e.g., computers or tablets) for research and completing financial tasks", calculators, budgeting templates, and "access to online tools or simulated banking environments where appropriate" (Physical Resources, page 7).
- The unit specification has no rule on AI tools; the qualification guide only requires that evidence must "Be the learner's own work" (Level 1 Qualification Guide, Assessment Conditions, page 30).
- Document slips: Entry 2 lists "Requipment" (page 16) and "Identify on way" (page 15); Level 1 says "competed project" (page 24); Level 2 says "recoding money" (page 29) and its action plan examples keep placeholder text such as "Adjust pricing to xx" (page 29); and in the progression table the Entry 3 cell for costs, income and pricing repeats funding content, "Begin to understand pros/cons" of raising money (page 4).
Cysylltiadau â chymwysterau eraill
Business Finance links with GCSE Business, which covers sources of finance, costs, revenue, profit, pricing and cash flow, and with GCSE Digital Technology where records and forecasts are kept in spreadsheets. Within the WJEC Skills Suite, Enterprise and Running a business share planning and running an activity. Within the Open Awards Skills Suite, Financial Literacy builds the same budgeting skills for personal money, and Community Participation shares planning a community or fundraising project. Compared with the Agored Cymru Business finance unit, which assesses a profit and loss account and cash flow forecast built in a spreadsheet at Level 1 and Level 2, the Open Awards unit leaves the recording format open, naming "digital templates" only as one choice, so it has less required digital work.
Ffynhonnell: Open Awards Skills for Work Unit Specification, Business Finance, Entry Level 1 to Level 2.