The Hathershaw College

The Hathershaw College - Academy Trust

VLEEmailParentPayTwitter
Life at The Hathershaw College Life at The Hathershaw College Life at The Hathershaw College Life at The Hathershaw College Life at The Hathershaw College Life at The Hathershaw College Life at The Hathershaw College Life at The Hathershaw College Life at The Hathershaw College Life at The Hathershaw College Life at The Hathershaw College Life at The Hathershaw College Life at The Hathershaw College Life at The Hathershaw College

Y11 Formal Internal Exams: Business

 

Equipment Needed:

  • Black pen
  • Pencil
  • Ruler
  • Rubber
  • Calculator

 

Exam Content:

 

 

Financial documents

  • Purchase orders
  • Delivery notes
  • Good received notes
  • Invoices
  • Credit notes
  • Statement of account
  • Remittance advice slips
  • Cheques
  • Receipts

Computerised accounting systems (advantages and disadvantages)

Methods of payment

  • Cash
  • Cheque
  • Credit cards
  • Debit cards
  • Direct debit / Credit transfer
  • E-cheques and online payments

Start-up and running costs

Profit and loss accounts

Balance sheets

Profitability ratios

  • Gross profit margin
  • Net profit margin
  • Return on capital employed

Liquidity ratios

  • Acid test ratio
  • Current ratio

Importance of financial statements to stakeholders

 

 

Revision Material/Websites:

      • Mr Giles will provide you with a revision pack and a past paper
      • Business VLE site (below)

 


Other Information:

  • The exam will last for 1 hour.
  • It will take place on Thursday 22nd March during period 4 and 5.