KS4 Curriculum Booklet 2017 - 18

Curriculum Overview KS3

Subject: Business Studies Overview effective from[date ]: September 2017

3.6 Finance Teach before: Revision Teach after: 3.5 Marketing

3.6.1 Sources of finance

Specification content

Learning objectives

Additional guidance

Suggested timing (hours)

Learning activities and resources

To understand the main internal and external sources of finance available. To be able to analyse the advantages and disadvantages of each method for a given situation.

Sources of finance available include family and friends, retained profit, a new share issue, obtaining a loan or mortgage, selling unwanted assets, overdrafts, trade credit, hire purchase and government grants.

2

Methods businesses use to raise finance

Starter – students brainstorm the reasons why businesses need to raise finance. Show Dr ag ons’ Den video – students discuss why entrepreneurs choose to go on the programme. Reference – Tutor2u webpages on finance Show video clip on raising finance – BBC Bitesize video on raising finance Research – students complete research on the main sources of finance available to new, growing or established businesses, eg NatWest , AFC Bournemouth etc. Students create a table with headings including sources of finance, internal or external source of finance, appropriate for what size of business, advantages and disadvantages. Students create a leaflet for the Prince’s t r ust to guide businesses on what finance is available and which would be the most appropriate source of finance for their business. Starter – sources of finance quiz Give students a range of scenarios, eg purchasing more stock, purchasing a new factory etc. Students explain which source of finance is most appropriate in each case. Complete question 3d) 9 marks Paper 2 June 2013 or 2b) 6 marks Paper 1 June 2015 or 2c) 9 marks Paper 2 June 2015.

Appropriateness of sources of finance

To be able to evaluate the suitability of sources of finance for new and established businesses.

1