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PearsonHigher Nationals inBusiness(HNC Business 2018-19)SpecificationFirst Teaching from September 2016First certification from 2017Issue NationalDiploma21/05/2018

HNC BusinessProgramme StructureYear 1 (60 Credits)UnitUnit TitleNumber1Business and the Business Environment567Management AccountingManaging a Successful Business Project (Pearsonset)Business 54SpecialistCreditsLevel154Core/OptionalCoreYear 2 (60 Credits)UnitUnit TitleNumber2Marketing Essentials3Human Resource Management154Core4Management Operations154Core8Innovation and Commercialisation154Optional121/05/2018

Unit 1:Business and theBusiness EnvironmentUnit codeL/508/0485Unit typeCoreUnit level4Credit value15IntroductionThe aim of this unit is to provide students with background knowledge andunderstanding of business, the functions of an organisation and the wider businessenvironments in which organisations operate. Students will examine the differenttypes of organisations (including for profit and not for profit), their size and scope(for instance, micro, SME, transnational and global) and how they operate.Students will explore the relationships that organisations have with their variousstakeholders and how the wider external environments influence and shapebusiness decision-making.The knowledge, understanding and skill sets gained in this unit will help students tochoose their own preferred areas of specialism in future studies and in theirprofessional career.Learning OutcomesBy the end of this unit a student will be able to:1Explain the different types, size and scope of organisations.2Demonstrate the interrelationship of the various functions within anorganisation and how they link to organisational structure.3Use contemporary examples to demonstrate both the positive and negativeinfluence/impact the macro environment has on business operations.4Determine the internal strengths and weaknesses of specific businesses andexplain their interrelationship with external macro factors.221/05/2018

Essential ContentLO1 Explain the different types, size and scope of organisationsDifferent types of organisations:Differences between for profit and not for profit and non-governmentorganisations (NGOs).Micro, small, medium-sized enterprises (SMEs). Different business purposes,objectives and supply of goods and services.The range of legal structures associated with different forms of business: soletraders, partnerships and private limited companies.Size and scope of organisations:Differences between large, medium-sized and small organisations includingobjectives and goals, market share, profit share, growth and sustainability.Global growth and developments of transnational, international and globalorganisations.Differences between franchising, joint ventures and licensing.Industrial structures and competitive analysis.Market forces and economic operations e.g. scarcity and choice, supply anddemand, income elasticity.Stakeholders and responsibilities of organisations to meet differentstakeholder interests and expectations.LO2 Demonstrate the interrelationship of the various functions within anorganisation and how they link to organisational structureThe various functions within an organisation:The role of marketing, finance, human resource management and operationswithin an organisational context and the interrelationships.How functions relate to overall organisation mission and objectives.Organisational structure:Different structures depending upon the size and scope of the organisation,including bureaucratic and post-bureaucratic, parent, strategic business units(SBUs), matrix and functional levels.Organisation structures and complexities of transnational, international andglobal organisations.321/05/2018

LO3 Use contemporary examples to demonstrate both the positive andnegative influence/impact the macro environment has on businessoperationsThe context of the macro environment:The application of the PESTLE framework and how organisations need tomonitor and forecast external influences.How the macro environment influences/impacts upon business activities: theimpact of the digital revolution on production and consumption; the impact ofsocial technologies; cybersecurity; emerging BRICS markets, the global shiftin economic and social power and ethical and sustainable growth.How organisations go through the transformation process and overcomeresistance to change in response to the changing market environment.LO4 Determine the internal strengths and weaknesses of specificbusinesses and explain their interrelationship with external macrofactorsFrameworks for analysis:Introduction to SWOT and/or TOWS analysis and how they can assist in thedecision-making process within organisations.Key external macro factors including the competitive environment andgovernment intervention that influence organisations and business.421/05/2018

Learning Outcomes and Assessment CriteriaPassMeritDistinctionLO1 Explain the different types, size and scope oforganisationsP1 Explain different typesand purposes oforganisations; public,private and voluntarysectors and legalstructures.P2 Explain the size andscope of a range ofdifferent types oforganisations.M1 Analyse how thestructure, size and scopeof different organisationslink to the businessobjectives and productand services offered bythe organisation.LO1 & 2D1 Provide a criticalanalysis of thecomplexities of differenttypes of businessstructures and theinterrelationships of thedifferent organisationalfunctions.LO2 Demonstrate the interrelationship of the variousfunctions within an organisation and how they link toorganisational structureP3 Explain therelationship betweendifferent organisationalfunctions and how theylink to organisationalobjectives and structure.M2 Analyse theadvantages anddisadvantages ofinterrelationships betweenorganisational functionsand the impact that canhave upon organisationalstructure.LO3 Use contemporary examples to demonstrate boththe positive and negative influence/impact the macroenvironment has on business operationsP4 Identify the positiveand negative impacts themacro environment hasupon business operations,supported by specificexamples.M3 Apply appropriatelythe PESTLE model tosupport a detailedanalysis of the macroenvironment within anorganisation.LO3 & 4D2 Critically evaluate theimpacts that both macroand micro factors haveupon business objectivesand decision-making.LO4 Determine the internal strengths and weaknessesof specific businesses and explain theirinterrelationship with external macro factorsP5 Conduct internal andexternal analysis ofspecific organisations inorder to identify strengthsand weaknesses.M4 Apply appropriatelySWOT/TOWS analysis andjustify how they influencedecision-making.P6 Explain how strengthsand weaknessesinterrelate with externalmacro factors.521/05/2018

Recommended ResourcesBARON, P. (2012) Business and its Environment. 7th Ed. London: Prentice Hall.PALMER, A. and HARTLEY, B. (2011) The Business Environment. 7th Ed.Maidenhead: McGraw-Hill.WEATHERLEY, P. (Editor) and OTTER, D. (Editor) (2014) The BusinessEnvironment: Themes and Issues in a Globalised World. 3rd Ed. Oxford: OxfordUniversity Press.WORTHINGTON, I. and BRITTON. C. (2014) The Business Environment. 7th Ed.Harlow Pearson.LinksThis unit links to the following related units:Unit 2: Marketing EssentialsUnit 12: Organisational BehaviourUnit 18: Global Business EnvironmentUnit 25: Principles of Operations ManagementUnit 32: Business StrategyUnit 34: Business Systems621/05/2018

Unit 5:ManagementAccountingUnit codeH/508/0489Unit typeCoreUnit level4Credit value15IntroductionThe overall aim of this unit is to introduce the fundamentals of managementaccounting which apply to the wider business environment and the organisationswhich operate within that environment. Students will explore how managementaccounting uses financial data to aid planning decisions, and the monitoring andcontrol of finance within organisations.On successful completion of this unit students will be in a position to presentfinancial statements in a workplace context and be able to assist senior colleagueswith financial business planning. In addition, students will have the fundamentalknowledge and skills to progress onto a higher level of study.Learning OutcomesBy the end of this unit a student will be able to:1Demonstrate an understanding of management accounting systems.2Apply a range of management accounting techniques.3Explain the use of planning tools used in management accounting.4Compare ways in which organisations could use management accounting torespond to financial problems.721/05/2018

Essential ContentLO1 Demonstrate an understanding of management accounting systemsIntroduction to management accounting:What is management accounting? Definition of management accounting.What is a management accounting system?Why is it important to integrate these within an organisation?Explore the origin, role and principles of management accounting.The distinction between management and financial accounting.Different types of management accounting systems:Cost-accounting systems, inventory management systems, job-costingsystems and price-optimising systems.Benefits of different types of systems.Presenting financial information:Why information should be relevant to the user, reliable, up to date andaccurate.Why the way in which the information is presented must be understandable.Different types of managerial accounting reports.LO2 Apply a range of management accounting techniquesMicroeconomic techniques:What is meant by cost? Different costs and cost analysis.Cost-volume profit, flexible budgeting and cost variances.Applying absorption and marginal costing.Product costings:Fixed and variable costs, cost allocation.Normal and standard costing, activity-based costing and the role of costing insetting price.Cost of inventory:Definition and meaning of inventory costs and different types of inventorycosts.The benefits of reducing inventory costs to an organisation.Valuation methods.Cost variances.Overhead costs.821/05/2018

LO3 Explain the use of planning tools used in management accountingUsing budgets for planning and control:Preparing a budget.Different types of budgets (e.g. capital and operating).Alternative methods of budgeting.Behavioural implications of budgets.Pricing:Pricing strategies.How do competitors determine their prices?Supply and demand considerations.Common costing systems:Actual costing, normal costing and standard costing systems.How cost systems differ depending on the costing activity: job costing,process costing, batch costing and contract costing.Strategic planning:Applying PEST, SWOT, balance scorecard or Porter’s Five Forces analysis tothe financial position of an organisation.LO4 Compare ways in which organisations could use managementaccounting to respond to financial problemsIdentifying financial problems:Using benchmarks, key performance indicators (financial and non-financial)and budgetary targets to identify variances and problems.Financial governance:Definitions of financial governance, and how this can be used to pre-empt orprevent financial problems.Using financial governance to monitor strategy.Management accounting skill sets:What are the characteristics of an effective management accountant?How can these skills be used to prevent and/or deal with problems?Effective strategies and systems:The development of strategies and systems which require effective and timelyreporting, full disclosure of financial positions and are responsibly owned andgoverned.921/05/2018

Learning Outcomes and Assessment CriteriaPassMeritDistinctionLO1 Demonstrate an understanding of managementaccounting systemsP1 Explain managementaccounting and give theessential requirements ofdifferent types ofmanagement accountingsystems.M1 Evaluate the benefitsof managementaccounting systems andtheir application within anorganisational context.D1 Critically evaluate howmanagement accountingsystems and managementaccounting reporting isintegrated withinorganisational processes.P2 Explain differentmethods used formanagement accountingreporting.LO2 Apply a range of management accountingtechniquesP3 Calculate costs usingappropriate techniques ofcost analysis to preparean income statementusing marginal andabsorption costs.M2 Accurately apply arange of managementaccounting techniques andproduce appropriatefinancial reportingdocuments.D2 Produce financialreports that accuratelyapply and interpret datafor a range of businessactivities.LO3 Explain the use of planning tools used inmanagement accountingP4 Explain theadvantages anddisadvantages of differenttypes of planning toolsused for budgetarycontrol.M3 Analyse the use ofdifferent planning toolsand their application forpreparing and forecastingbudgets.LO3 & 4D3 Evaluate how planningtools for accountingrespond appropriately tosolving financial problemsto lead organisations tosustainable success.LO4 Compare ways in which organisations could usemanagement accounting to respond to financialproblemsP5 Compare howorganisations are adaptingmanagement accountingsystems to respond tofinancial problems.M4 Analyse how, inresponding to financialproblems, managementaccounting can leadorganisations tosustainable success.1021/05/2018

Recommended ResourcesDRURY, C. (2015) Management and Cost Accounting. 9th Ed. Cengage Learning.EDMONDS, T. and OLDS, P. (2013) Fundamental Managerial Accounting Concepts.7th Ed. Maidenhead: McGraw-Hill.HORNGREN, C., SUNDEN, G., STRATTON, W., BURGSTALHER, D. andSCHATZBERG, J. (2013) Introduction to Management Accounting. Global Ed.Harlow: Pearson.(This text is available electronically and is supported by access to an online course)SEAL, W. et al (2014) Management Accounting. 5th Ed. Maidenhead: McGraw-Hill.LinksThis unit links to the following related units:Unit 10: Financial AccountingUnit 13: Financial ReportingUnit 14: Advanced Management AccountingUnit 15: Financial ManagementUnit 29: Managing and Running a Small Business1121/05/2018

Unit 6:Managing a SuccessfulBusiness ProjectUnit codeD/508/0491Unit typeCoreUnit level4Credit value15IntroductionThis unit is assessed by a Pearson-set assignment. The project brief will be set bythe centre, based on a theme provided by Pearson (this will change annually). Thetheme and chosen project within the theme will enable students to explore andexamine a relevant and current topical aspect of business in the context of thebusiness environment.The aim of this unit is to offer students an opportunity to demonstrate the skillsrequired for managing and implementing a project. They will undertakeindependent research and investigation for carrying out and executing a businessproject which meets appropriate business aims and objectives.On successful completion of this unit students will have the confidence to engage indecision-making, problem-solving and research activities using projectmanagement skills. They will have the fundamental knowledge and skills to enablethem to investigate and examine relevant business concepts within a work-relatedcontext, determine appropriate outcomes, decisions or solutions and presentevidence to various stakeholders in an acceptable and understandable format.Learning OutcomesBy the end of this unit a student will be able to:1Establish project aims, objectives and timeframes based on the chosen theme.2Conduct small-scale research, information gathering and data collection togenerate knowledge to support the project.3Present the project and communicate appropriate recommendations based onmeaningful conclusions drawn from the evidence findings and/or analysis.4Reflect on the value gained from conducting the project and its usefulness tosupport sustainable organisational performance.1221/05/2018

Essential ContentLO1 Establish project aims, objectives and timeframes based on thechosen themeProject management:What is project management and what does it involve?The key stages of project management.The advantages of using project management and why it is important.Initiation of the project and project planning phase:Scoping a project defining objectives, scope, purpose and deliverables to beproduced.Steps and documentation required in the initiation phase.Developing the project plan, including planning for timescales and timemanagement, cost, quality, change, risk and issues.The work breakdown structure.Use of Bar and Gantt Charts for effective planning.LO2 Conduct small-scale research, information gathering and datacollection to generate knowledge to support the projectProject execution phase:Selecting appropriate methods of information gathering, data collection andmaterial resourcing.The distinct phases which support a coherent and logical argument.Use of secondary research to inform a primary empirical study.Qualitative and quantitative research methods.Field work:Selecting a sample of the consumer market, businesses or individuals (thosewho meet certain characteristics relevant to the research theme) is used togather data (qualitative or quantitative).Sampling approaches and techniques, including probability and nonprobability sampling.Ethics, reliability and validity:All research should be conducted ethically how is this achieved andreported?Research should also be reliable (similar results achieved from a similarsample) and valid (the research should measure what it aimed to measure).1321/05/2018

Analysing information and data:Using data collection tools such as interviews and questionnaires.Using analytical techniques such as trend analysis, coding or typologies.LO3 Present the project and communicate appropriate recommendationsbased on meaningful conclusions drawn from the evidence findingsand/or analysisCommunicating outcomes:Consider the method (e.g. written, verbal) and the medium (e.g. report,online, presentation).Both method and medium will be influenced by the project research and itsintended audience.Convincing arguments:All findings/outcomes should be convincing and presented logically where theassumption is that the audience has little or no knowledge of the projectprocess.Developing evaluative conclusions.Critical and objective analysis and evaluation:Secondary and primary data should be critiqued and considered with anobjective mindset.Objectivity results in more robust evaluations where an analysis justifies ajudgement.LO4 Reflect on the value gained from conducting the project and itsusefulness to support sustainable organisational performanceReflection for learning and practice:The difference between reflecting on performance and evaluating a project the former considers the research process, information gathering and datacollection, the latter the quality of the research argument and use ofevidence.The cycle of reflection:To include reflection in action and reflection on action.How to use reflection to inform future behaviour, particularly directed towardssustainable performance.Reflective writing:Avoiding generalisation and focusing on personal development and theresearch journey in a critical and objective way.1421/05/2018

Generalisation:Many studies result in generalised findings. Research which has its basis in aspecific field such as Human Resource Management (HRM) and in a specificcontext should avoid generalised conclusions.Outcomes should be specific and actionable.1521/05/2018

Learning Outcomes and Assessment CriteriaPassMeritDistinctionLO1 Establish project aims, objectives and timeframesbased on the chosen themeP1 Devise project aimsand objectives for achosen scenario.P2 Produce a projectmanagement plan thatcovers aspects of cost,scope, time, quality,communication, risk andresources.M1 Produce acomprehensive projectmanagement plan,milestone schedule andproject schedule formonitoring andcompleting the aims andobjectives of the project.LO1 & 2D1 Critic

Level BTEC Higher National Certifi cate BTEC Higher National Diploma Level \(HNC Business 2018-19\) HNC Business Programme Structure . Year 1 (60 Credits) Unit Number Unit Title Credits Level Core/ Optional . 1 Business and the Business Environment 15 4 Core 5 Management Accounting 15 4 Core 6 Managing a

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