IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|1

CONTENTS
a) Philosophy statement of Business Education Department -----------------Page 3 b) Cambridge IGCSE- Introduction-----------------Page 3 c) IGCSE Business Studies-----------------Page 3-7 Aims of the course Assessment objectives & skills Course Content d) IGCSE Accounting-----------------Page 8-11 Aims of the course Assessment objectives & skills Course Content e) f) g) h) Effective class-room teaching[ DEEP Rule]-----------------Page 12 Lesson Structure-----------------Page 13 Lesson Plan Template-----------------Page 14 Resources-----------------Page 15

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|2

Philosophy Statement of Business Education Department

In support of the academic mission of Fairview International School, we, the members of the Department of Business Education pledge ourselves to enhance the personality development of each and every individual entrusted upon us to be endowed with creative learning, ethical awareness, cultural tolerance combined with civic responsibility amidst culturally diverse background. Hereby, we reassure that we promote educational, recreational, social, leadership experiences along with other necessary virtues of all walks of life to produce global business leaders.

Cambridge IGCSE- Introduction

The International General Certificate of Secondary Education (IGCSE) is the world's most popular international qualification for 14-16 year olds. It develops successful students, giving them excellent preparation for their next steps in education. Cambridge IGCSE encourages learner-centred and enquiry-based approaches to learning. It develops learners' skills in creative thinking, enquiry and problem solving, giving learners excellent preparation for the next stage in their education. Schools can build a core curriculum, extend it to suit their learners and introduce crosscurricular perspectives. Clearly defined learning outcomes and content, mean Cambridge IGCSE is compatible with other curricula and is internationally relevant and sensitive to different needs and cultures. Cambridge IGCSE develops learner knowledge, understanding and skills in: subject content applying knowledge and understanding to familiar and new situations intellectual enquiry flexibility and responsiveness to change working and communicating in English influencing outcomes cultural awareness

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|3

IGCSE Business Studies- Aims of the course

The aims are to enable students to: apply their knowledge and critical understanding to current issues and problems in a wide range of appropriate contexts; distinguish between facts and opinions, and evaluate qualitative and quantitative data in order to help build arguments and make informed judgements; appreciate the perspectives of a range of stakeholders in relation to the environment, individuals, society, government and enterprise; develop knowledge and understanding of the major groups and organisations within and outside business and consider ways in which they are able to influence objectives, decisions and activities; develop knowledge and understanding of how the main types of business and commercial institutions are organised, financed and operated and how their relations with other organisations, consumers, employees, owners and society are regulated; develop skills of numeracy, literacy, enquiry, selection and employment of relevant sources of information, presentation and interpretation; develop an awareness of the nature and significance of innovation and change within the context of business activities

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|4

Assessment Objectives, Skill Levels and Command Words

Skill Level : 1 KNOWLEDGE & UNDERSTANDING What this skill means Knowing and remembering facts, figures, etc. What you need to be able to do Explaining facts, terms, concepts and conventions Explaining theories and techniques used in business studies Describing them accurately and in detail Using them appropriately

Command words which test this skill include: Describe., State., List.., Outline.., What is.., Give., Identify., Name Skill Level : 2 APPLICATION Being able to apply a range of knowledge and understanding to particular business problems and issues Showing which terms, concepts, facts, or conventions apply to a particular business problem or situation Answering the question from the point of view of the business itself

Command words which test this skill include: Explain., Why, Calculate.., Show, Use, Give an example of.., How. Skill Level : 3 ANALYSIS Being able to select, analyze, order and interpret information Selecting information from texts, tables, graphs, diagrams, drawings Sorting out this information in order to make sense of it, e.g. this could involve graphic information provided in a table, or performing calculations on the selected data Identifying patterns in the information provided, e.g. trends in business performance Interpreting what it means, e.g. what problems are outlined in the text Command words which test this skill include:Discuss., Calculate, Show., Identify., Compare., Use the information in the case/ table, Analyse. Skill Level : 4 EVALUATION Drawing conclusions about a particular situation Justifying a recommended course of action for a business to take Giving reasons for particular explanations Showing understanding of particular courses of action Showing understanding of the consequences of some course of action Command words which test this skill include: Explain why, Discuss., Justify, Consider , Decide, Which.., Evaluate., To what extent.., Do you agree.., Advise.., Assess Being able to evaluate

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|5

Testing Pattern
Paper Number How long and how many marks? 1 hour 45 mins (100 marks) Paper 2 1 hour 45 mins (100 marks) Whats in the Paper? Whats the % of the total examination?

Paper 1

Short-answer questions and structured/data response questions. There will be no choice of questions You will be presented with a business situation or problem, and asked to answer questions about it. There will be no choice of questions.

50%

50%

Business Studies Course Contents

Unit 1: Business & the Environment: What is a business?- Inputs/ Outputs/ needs/ wants/ scarcity/ SWOT/PEST Adding value Primary, secondary and tertiary sectors Business growth Economies of scale Measurement of size. Awareness of the national economy. Starting a business- factors and problems. Private & public sectors Business objectives Stakeholders Unit 2: Business structure/ organization and control: Types of business organization- sole trader, partnerships, private limited company, public limited company franchise, joint venture, Multinationals Functions of management, simple organizational charts Orgnisation structure, hierarchy, span of control, chain of command. Internal & external communication. SWOT/PEST/STEP Political, economic, social and technological factors/ environment. Internet/e-commerce Exchange rate Business / trade cycle[ boom & recession] Financial needs Sources of funds Selection of source of finance-factors to be considered

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|6

Unit 3: Business Activity to achieve objectives Role of marketing Market research Presentation & analysis of results Market segmentation Marketing mix Marketing budget Marketing strategy. Resources to produce goods and services. Job, batch and flow production methods. Lean production Cost classification/ BEP Quality control, Productivity. Concept & functions of profit. Elements of a profit & loss account Elements of a balance sheet. Accounting ratios Working capital Financial budgets Users of accounting information

Unit 4: People in Business Recruitment & selection Job description /job specification/ job advertisements/ interviews/ training methods and employees dismissal. Human needs Concept of motivation Financial & non-financial rewards. Management/ leadership styles. Work/ functions of trade union Unit 5: Regulating & controlling business activity Government intervention in business. Location decision The consumer External costs & benefits Exchange rates Business cycle PEST

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|7

IGCSE Accounting
IGCSE Accounting- Introduction
Welcome to Cambridge IGCSE Accounting. Accounting has become an essential part of business life, and the knowledge and skills that you will learn in your studies will give you a broader and more experienced view of business life. Although this course has been specifically written for students studying Accounting for IGCSE, the course can also be seen as a general introduction to Accounting. It can, therefore, be studied with advantage by students who are interested in obtaining a grounding in Accounting but who do not wish to take an examination.

Aims of IGCSE Accounting

The aims of the Cambridge IGCSE Accounting syllabus are to enable students to develop: knowledge and understanding of the principles and purposes of accounting for individuals, businesses, non-trading organisations and society as a whole an understanding of accounting principles, policies, techniques, procedures and terminology improved skills of numeracy, literacy, communication, enquiry, presentation and interpretation improved accuracy, orderliness and the ability to think logically an excellent foundation for advanced study.

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|8

Assessment Objectives a) Knowledge with understanding Candidates should be able to: demonstrate knowledge and understanding of facts, terms, principles, policies, procedures and techniques that are in the syllabus demonstrate understanding of knowledge through numeracy, literacy, presentation and interpretation apply knowledge and information to various accounting situations and problems. Questions testing this assessment objective often begin with words like define, list, outline, write up, record, calculate and explain. a) Analysis Candidates should be able to: select data which is relevant to identified needs of business order, analyse and present information in an appropriate accounting form. Questions testing these skills often begin with words like select, prepare and draw up.

b) Evaluation Candidates should be able to: Develop an ability to interpret and evaluate accounting information and to draw reasoned conclusions. Questions testing these skills often require written answers and may begin with words like explain, suggest, advise, comment on, discuss and compare

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|9

IGCSE Accounting Paper Pattern [0452]

There are two compulsory papers, Paper 1 and Paper 2. Both papers contain questions based on the whole syllabus. Candidates receive grades from A to G.
Paper Duration Weighting

Paper 1 This is a structured question paper with 812 multiple choice items and short-answer questions. There are usually between 4 and 5 questions based on topics from the whole of the syllabus. All questions are compulsory, and candidates answer on the question paper. There are 120 marks for this paper.

1 hours

50 %

Paper2 This is a structured question paper. There are usually 4 to 6 questions based on topics from the whole of the syllabus. All questions are compulsory, and candidates answer on the question paper. There are 120 marks for this paper.

1 hours

50 %

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|10

IGCSE Accounting Course Content

1) The purpose of accounting 2) Sources and recording of data a) The double entry system of bookkeeping b) Business documents c) Books of prime entry d) The ledger 3) Verification of accounting records a) The trial balance b) Correction of errors c) Bank reconciliation d) Control accounts 4) Accounting procedures a) Capital & revenue expenditures and receipts b) Accounting for depreciation c) Accrued & prepaid d) Bad debts & provision for doubtful debts. e) Valuation of inventory. 5) Principles of financial statements a) Income statements b) Balance sheets 6) Preparation of financial statements a) Sole traders b) Partnerships c) Limited liability companies d) Clubs & societies e) Manufacturing accounts f) Incomplete records 7) Analysis & interpretation a) Accounting ratios b) Interpretations c) Inter-firm comparison d) Interested parties e) Limitations of accounting statements. 8) Accounting principles and policies a) Accounting principles b) Accounting policies

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|11

Effective Classroom Teaching Design/Execute/Evaluate/ Probe [DEEP Rule]

Learning outcomes/objectives/ skill levels/command words/resources & activities

Work sheet/review sheet/ case study/group activity/ question & answer

Lesson plan Unit plan Term plan Scheme of work

Lecture Demonstration

Design

Execute

Experiment

Probe
Performance

Evaluate

Oral Written

Analysis

Remedial lessons/identify the lack of specific skill level

Observation/ home work/ weekly/monthly tests

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|12

Lesson Structure

Question & Answer

Review Sheets [Quiz/puzzle] Review of previous lesson Asking students to summarise Group activity

Are the learning outcomes met?

Introduction

Skill levels/ Learning outcomes/ Sample/Essential questions

Lecture

Audio/video Main part of the lesson Exercise/Case study

Group Activity Recap/homework

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|13

Lesson Planner Template

Term: -----------Lesson start date: -----------No. of lessons planned:-------------End date: --------------a) Any Announcements b) Home Work

Topic/s:------------------------------------------------------------------Grade: ------------Subject: ------------- Instructor: -----------Resources: Text book/Online: i. -------------------------------------------ii. -------------------------------------------------Learning Outcomes & Skill Levels: By the end of this topic/lesson students will be able to : a) Define--------------------------------b) Draw----------------------------------c) Calculate---------------------------d) Analyse------------------------------------------e) Distinguish------------evaluate---------------,etc. Essential Questions: a) ---------------------------------------------------------------------------b) ----------------------------------------------------------------------------c) -------------------------------------------------------------------------Key words:

Teaching & Learning: Lesson Review: Topic introduction: Instruction method: Activities/Exercises: Recap/Summary/Verification:

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|14

Resources

IGCSE Business Studies

C. Nuttall, Business Studies: IGCSE, Cambridge University Press. K. Borrington & P. Stimpson, IGCSE Business Studies, Hodder Murray

IGCSE Accounting

Betsy Li and others ,Principles of Accounts, Marshall Cavendish Education, Singapore. Coucom, Catherine, IGCSE Accounting, Cambridge University Press. Coucom, Catherine, IGCSE and O Level Accounting, Cambridge University Press India. Wood, Frank and Sangster, Alan, Business Accounting 1, Prentice Hall.

Online Resources
http://www.bized.co.uk/ http://www.tutor2u.net/ http://www.marketingteacher.com/ http://www.mindtools.com/ http://www.businessballs.com/ http://www.bbc.co.uk/ http://www.s-cool.co.uk/default.asp http://www.revision-notes.co.uk/A_Level/Business_Studies/index.html http://www.quickmba.com/ http://www.learnmanagement2.com/ http://www.bloomberg.com/

http://money.cnn.com/ http://www.businessmonitor.com http://www.forbes.com/ http://www.cbc.ca/money/ http://www.times100.co.uk/ http://www.triplealearning.co.uk/

IGCSE Business Studies and Accounting Handbook School Year 2010-2011 Page|15