Unit 2: Business Resources P5
P1
P5
Unit -2 (Business Resources)
BTEC National Diploma In Business Level 3
The Date
Author: Your Name
Your Teacher
1
,Unit 2: Business Resources P5
Assessment and grading criteria
2
,Unit 2: Business Resources P5
Unit 2 – Business Resources
On completion of this unit I should:
1) Know how human resources are managed
2) Know the purpose of managing physical and technological resources
3) Know how to access sources of finance
4) Be able to interpret financial statements
Task 1:
a) Describe the recruitment documentation used in a selected organisation.
b) Explain how the management of human, physical and technological resources can improve
the performance of a selected organisation.
c) Describe the main employability, personal and communicational skills required when
applying for a specific job role.
I have been the manager of the TESCO in Homerton for 5 years and have just started a promotional
training course to move to the finance department at TESCO’s head office. Part of my course
involves me to write a formal report to the shareholders and/or other investors (venture capitals) of
TESCO PLC to explain the end of the year account.
3
, Unit 2: Business Resources P5
To: Shareholders and Investors
From: Your Name
Subject: Interpretation of company’s income statement and balance sheet
Date:
Income statement
Financial statement – is records that outline the financial activities of a business. Its shows if
business has made any progress in profits or not. There are four main types of financial statements:
Financial position, Income statement, Cash flow statement, Statement of changes in equity.
In financial accounting, the balance sheet and income statement are the two most important types
of financial statements.
Income statements – is one of the financial statements of a company and shows the company's
revenues and expenses during a particular period. Income statement usually includes:
Revenues – is a number that represents all the money a company has earned during a
specific time period from its activities. Tesco’s Revenue; year 2013 and 2012(£M):
Gross profit – is the difference between revenue and cost of sales. Tesco’s Gross
profit; year 2013 and 2012(£M):
Operating profit – is a measure of income that tells investors how much
of revenue will eventually become profit for a company. To work our Operating profit
you need to cost of sales, labour, and other day-to-day expenses incurred in the
normal course of business, takes away the revenues. Tesco’s operating profit; year
2013 and 2012(£M):
Cost of sales – is a figure which reflects the cost of raw materials used to produce a
product to sell to customers. Cost of sales is the direct costs of producing a product
for sale or service of customers. Tesco’s cost of sales; year 2013 and 2012(£M):
Taxation – sum of all taxes on the business. Taxation is a way through which
government finances its spending by imposing some charges on business entities. It is
a way of raising revenue by the government. Tesco’s taxation; year 2013 and
2012(£M):
Profit before tax – represents the sum of money remaining after all operating
expenses: interest and preferred stock dividends, have been deducted from a
company's total revenue. Tesco’s profit before tax; year 2013 and 2012(£M):
4
P1
P5
Unit -2 (Business Resources)
BTEC National Diploma In Business Level 3
The Date
Author: Your Name
Your Teacher
1
,Unit 2: Business Resources P5
Assessment and grading criteria
2
,Unit 2: Business Resources P5
Unit 2 – Business Resources
On completion of this unit I should:
1) Know how human resources are managed
2) Know the purpose of managing physical and technological resources
3) Know how to access sources of finance
4) Be able to interpret financial statements
Task 1:
a) Describe the recruitment documentation used in a selected organisation.
b) Explain how the management of human, physical and technological resources can improve
the performance of a selected organisation.
c) Describe the main employability, personal and communicational skills required when
applying for a specific job role.
I have been the manager of the TESCO in Homerton for 5 years and have just started a promotional
training course to move to the finance department at TESCO’s head office. Part of my course
involves me to write a formal report to the shareholders and/or other investors (venture capitals) of
TESCO PLC to explain the end of the year account.
3
, Unit 2: Business Resources P5
To: Shareholders and Investors
From: Your Name
Subject: Interpretation of company’s income statement and balance sheet
Date:
Income statement
Financial statement – is records that outline the financial activities of a business. Its shows if
business has made any progress in profits or not. There are four main types of financial statements:
Financial position, Income statement, Cash flow statement, Statement of changes in equity.
In financial accounting, the balance sheet and income statement are the two most important types
of financial statements.
Income statements – is one of the financial statements of a company and shows the company's
revenues and expenses during a particular period. Income statement usually includes:
Revenues – is a number that represents all the money a company has earned during a
specific time period from its activities. Tesco’s Revenue; year 2013 and 2012(£M):
Gross profit – is the difference between revenue and cost of sales. Tesco’s Gross
profit; year 2013 and 2012(£M):
Operating profit – is a measure of income that tells investors how much
of revenue will eventually become profit for a company. To work our Operating profit
you need to cost of sales, labour, and other day-to-day expenses incurred in the
normal course of business, takes away the revenues. Tesco’s operating profit; year
2013 and 2012(£M):
Cost of sales – is a figure which reflects the cost of raw materials used to produce a
product to sell to customers. Cost of sales is the direct costs of producing a product
for sale or service of customers. Tesco’s cost of sales; year 2013 and 2012(£M):
Taxation – sum of all taxes on the business. Taxation is a way through which
government finances its spending by imposing some charges on business entities. It is
a way of raising revenue by the government. Tesco’s taxation; year 2013 and
2012(£M):
Profit before tax – represents the sum of money remaining after all operating
expenses: interest and preferred stock dividends, have been deducted from a
company's total revenue. Tesco’s profit before tax; year 2013 and 2012(£M):
4
