Microsoft Word Document / Unit 15 Assignment

Unit 15: Book-Keeping in Business
Credits: 5 Level: 2
© Challenge College
Assignment brief
Unit number and title
Unit 15: Book-Keeping for Business
BTEC Level 2 Diploma in Business
Start date
April 2011
June 2011
Mr L McNeill
P1, P2, P3.
Assignment title
Cooking the Books………
The purpose of this assignment is to:
Examine the methods and documents commonly used by businesses for recording financial transactions and for
bookkeeping. The unit also looks at why these methods are used and how they help to prevent fraud.
In order for a business to know exactly what its financial position is, and to make decisions about the future, it needs to
understand where money is at any given time. A business that records its financial transactions accurately using
recognised conventions will produce financial documents that can be used to make informed and accurate decisions
about its finances.
You are going to look at how a business can record transactions and the financial documents process behind a simple
business transaction. You will have the opportunity to learn how to complete financial documents and records.
Evidence you must produce:
A PowerPoint identifying the range of financial documents needed for financial transactions – this
should be done in pairs.
These should be put in the right sequence – and displayed on an individual poster.
Completed documents for the business you are looking at
Task 1
You need to complete a presentation in pairs. Your presentation will be recorded for internal and external verification
purposes. For P1, learners should identify the documents used to record financial transactions that are typical in a
small/medium-sized business. You should include the following:
Documents: sequence of sales and purchasing from order to receipt of goods (e.g. order form, delivery
note, invoices, credit notes, cash receipts and payments)
Recording: manual or electronic recording; double entry; balancing accounts; day books; ledgers; cash
book and petty cash; bank reconciliation
This provides evidence for P1
Task 2
For P2, learners need to outline the sequence in which these documents are used. The most appropriate way to do this
is through a diagram which clearly shows the flow of documents issued when purchasing goods and when selling
goods. This should be presented as a poster that can be displayed in the classroom.
This provides evidence for P2
Task 3
You will be given a set of blank financial documents from a business and using supplied information about an order and
sale you need to complete the relevant financial documents. To achieve P3, the documents must be completed
accurately using the correct financial calculations where relevant.
This provides evidence for P3
Unit 15: Book-Keeping in Business
Credits: 5 Level: 2
© Challenge College
Sources of information
Anderton A – GCSE Business Studies (Causeway Press, 2004) ISBN 1873929846
Carysforth C and Neild M – BTEC First Business (Heinemann, 2006) ISBN 0435499076
Carysforth C and Neild M – GCSE Applied Business AQA: Student Book (Heinemann, 2002) ISBN 0435446908
Fardon M, Nuttall C and Prokopiw J – GCSE Applied Business (Osborne Books, 2002) ISBN 1872962327
Wales J and Wall N – Nuffield – BP Business and Economics for GCSE, 2nd Edition (Collins, 2001)
ISBN 000711639X
Business Review
Websites Business Education on the internet (Bized) Times 100 Tutor 2 U
This brief has been verified as being fit for purpose
Internal verifier
P1 identify the documents used to record financial transactions [IE]
P2 outline the sequence in which these documents are used
P3 complete documents to record financial transactions