Day 1: 6 Mark Questions -1.1

1.1 Case Study - Arrezo Bread

1.1-1.3 Review - Gimkit

Day 2: 10 Mark Questions - 1.2

1.2 Case Study - Tennis Town

Day 3-4: 10 Mark Questions - Ansoff + 1.5 Growth

Ansoff Matrix Case Study Practice - Party Pants

1.5 Case Study - Grainularity

Discuss - 1.5 Growth and Evolution (10 mark)

Gimkit Review 3.1-3.3

3.1 Introduction to Finance 

• Role of finance for businesses (AO2):

  • Capital expenditure

  • Revenue expenditure

Big Deal - Case Study

3.2 Sources of Finance

• The following internal sources of finance (AO2):

  • Personal funds (for sole traders)

  • Retained profit

  • Sale of assets

• The following external sources of finance (AO2):

  • Share capital

  • Loan capital

  • Overdraft

  • Trade credit

  • Crowdfunding

  • Leasing

  • Microfinance providers

  • Business angels

• Appropriateness of short- or long-term sources of finance for a given situation (AO3)

Case Study 2: Hail Cheeser!

Or

Case Study 5: Dishes

3.4 Final Accounts 

• The purpose of accounts to different stakeholders (AO2)

• Final accounts (AO2, AO4):

• Profit and loss account
• Balance sheet

• Different types of intangible assets (AO2)

• Depreciation using the following methods (HL only) (AO2, AO4):
  • Straight line method
  • Units of production method

• Appropriateness of each depreciation method (HL only) (AO3)

Practice:

Profit and Loss Accounts + Balance Sheet

8. The Carolina Fire Museum (CFM) (Questions C, E, F)

OR

11. RaceWear Questions (A, D, F)

Depreciation

Case Study: 12. Crispy Collin’s Chicken and Waffles 

Questions D, E, F

3.5 Profitability and Liquidity Ratio Analysis 

• The following profitability ratios (AO2, AO4):

•  Gross profit margin (GPM)
•  Profit margin
•  Return on capital employed (ROCE)

• Possible strategies to improve these profitability ratios (AO3)

• The following liquidity ratios (AO2, AO4):
  •  Current ratio
  •  Acid-test / quick ratio

• Possible strategies to improve these liquidity ratios (AO3)

Practice:

3.5 Case Study - 14. Cedar Hill Books (CHB) 

3.6 EFFICIENCY RATIO ANALYSIS (HL) 

• The following further efficiency ratios (AO2, AO4):

• Stock turnover

• Debtor days

• Creditor days

• Gearing ratio

• Possible strategies to improve these ratios (AO3)

• Insolvency versus bankruptcy (AO2)

3.5-3.6 Case Study - 17. Spielgeist Games

3.7 CASH FLOW 

• The difference between profit and cash flow (AO2)

• Working capital (AO2, AO4)

• Liquidity position (AO2)

• Cash flow forecasts (AO2, AO4)

• The relationship between investment, profit, and cash flow (AO2)

• Strategies for dealing with cash flow problems (AO3)

3.7 Case Study - 21. The Downriver Adventure Company (DAC) 

Complete Question B after which complete the remaining questions A-G

3.8 INVESTMENT APPRAISAL 

• Investment opportunities using payback period (AO3 and AO4)

• Investment opportunities using average rate of return (ARR) (AO3 and AO4)

• Investment opportunities using net present value (HL only) (AO3 and AO4)

3.8 Case Study - 25. On Air Sports (OAS)

Questions: B, C, D

3.9 BUDGETS (HL) 

• The difference between cost and profit centres (AO2)

• The roles of cost and profit centres (AO2)

• Constructing a budget (AO2, AO4)*

• Variances (variance analysis) (AO2, AO4)

• The importance of budgets and variances in decision-making (AO2)

3.9 Case Study - 27. Jupiter Doors

Questions: A-G

Day 9: Paper 1 Introduction of Pre-Released Case Study

• Go over the format of a Paper 1 Exam

• Read the Pre-Released Case Study (Additional Terminology and Case Study)

• Look for key terms in the Case Study

• Define all key terms

• Extra: write at least two sentences for each key term . State what each of the terms mean, plus provide a contextualized example

• Example: A publicly held company (as in Before One PLC) is a limited liability business organization owned by shareholders, such as the shareholders of BON. Shares in the company are openly traded on a public stock exchange such as the London Stock Exchange

Day 10: Paper 1 Connecting the Business Knowledge to the Case Study + Possible Exam Questions

Go through Business Management Syllabus (Units 1 - 5) and connect the Business tools, theories, and concepts to the case study and additional terminology, coming up with possible Final Exam Questions

• Come up with at least 10 possible exam questions, using command terms and post them on the following link

https://docs.google.com/document/d/1dBZW60LzCCFNBvds9dEipbML8T4eG2KJtjA7UrQhA60/edit?usp=sharing 

Watch some of the Music Festival Videos for Context

Day 11: Context - SWOT & STEEPLE

https://padlet.com/wongbryanchristopher/bon-swot-steeple-industry-analysis-7hlbx52yvc8sg4ph 

Work in pairs to create a SWOT and STEEPLE and then create a mini presentation or poster on any one of the following:

• Impact of COVID-19 on music festivals

• Credit cards as a source of finance

• Freelancers in the music industry

• Greenwashing and business ethics

• The impact of interest rates on businesses

• Landfill sites and environmental sustainability

• Solar power and environmental sustainability

• Operations management and music festivals

• Privately held vs Publicly held companies.

Discuss how the SWOT analysis can be used by the directors of BON to formulate a suitbale business strategy to maintain their competitiveness and profitability in running music festivals.

A STEEPLE analysis provides a comprehensive overview of the external factors that shape BON's operations and guides its strategic decision-making.

This can be useful for the 10-mark question in Section B, such as:

• Evaluate the impact of changes in the external environment on BON’s competitiveness in the European music festivals industry.  [10 marks]

• Justify the importance of sustainability initiatives for BON.  [10 marks]

• With reference to BON, discuss the importance of ethical business objectives and corporate social responsibility (CSR).  [10 marks]

• Examine the impact of the external environment on the operations of BON.  [10 marks]

Day 12: Investigating Stakeholders + Costs and Revenues for BON

Investigating Stakeholders

Regarding one of the issues above from Day 3, do a SLAP analysis

• Stakeholder perspectives - not all stakeholder groups are equal, nor are they equally affected by business decisions and strategic choices.

• Long-term versus short-term consequences - as is often the case in business, there may need to be some short term pains (sacrifices) for long term gains.

• Advantages / Disadvantages - what are the overall advantages and disadvantages of the decision.

• Priorities - this requires the student to prioritize the arguments presented in the written commentary. For example, if the student has presented more advantages or strengths than drawbacks or weaknesses, which of these has the greatest weighting, and why?

Costs and Revenues for Bon

In 2014, Glastonbury (one of Europe's largest music festivals) earned £37.3 million (USD47.25 million) in revenues. However, the costs associated with running the festival meant the organizers only earned £86,000 in profits (less than USD110,00). Needless to say, organising and running successful music festival requires effective financial management.

In groups of 2 or 3, investigate the costs and revenues for music festival businesses such as BON.

Split the costs into revenue expenditure and capital expenditure. Split the revenues into different categories of revenue streams.

Be prepared to share your findings with your teacher and the rest of the class.

Day 13-14: Mock Paper 1 - Groups and Open Note

We will work on the following Paper 1 Mock Exam in class. You may work in groups if you prefer and with your notes.

You should finish Section A in the first class and then Section B in the 2nd class. You only have 1 hour and 30 minutes total.

https://drive.google.com/file/d/1Uwhr6ofJGafJy_TvJn91r7xDbCeQ7fCp/view?usp=sharing 

Day 14-15: Mock Paper 1 - Individual - Knowledge Check

We do a Paper 1 Mock Exam in class. This will be individual and timed, practicing as close to the Paper 1 conditions as possible. 

You should finish Section A in the first class and then Section B in the 2nd class. You only have 1 hour and 30 minutes total.

Day 16: Paper 1 Introduction of Paper 3 Format

• Go over the format of a Paper 3 Exam

• What is a social enterprise? 

• What is your favourite social enterprise and why? What "need" to they meet? What challenges do they face (at least 2)? Do you have any recommendations for them?

• What would a good recommendation require?

• Go over the markschemes of a 2, 6, 17 mark question

Day 17-18: Mock Paper 3 - Groups and Open Note

We will work on the following Paper 1 Mock Exam in class. You may work in groups if you prefer and with your notes.

You only have 1 hour and 15 minutes total.

https://drive.google.com/file/d/17yXv3jwnfNUpCq4A1DjXdROU2wOthvgk/view?usp=drive_link 

Day 19: Mock Paper 3 - Individual

We do a Paper 3 Mock Exam in class. This will be individual and timed, practicing as close to the Paper 1 conditions as possible. 

You only have 1 hour and 15 minutes total so we will go into the break unfortunately.