This unit is designed to develop skills in using quantitative methods, including how to present and use business and management data to inform business decisions. By developing quantitative skills at this level, you will be able to apply business concepts in areas such accounting, finance, and human resource management. Quantitative data is often employed to assist with business decisions, for example, calculating sales volume to recover costs, determining the price of a new product, or measuring the performance of the business etc. 

The aim of the unit is to help you to understand and apply the principles of financial accounting in a business setting. Learners will gain insight into financial record keeping systems and learn how to adjust and prepare accounts for different business types. In addition, they will learn how professional characteristics and ethical principles are applied and regulated in an accounting context.

The aim of this unit is to introduce learners to the interaction between the general economic environment and business activity. Learners will gain the underpinning knowledge to recognise the components and construct of the business sector and examine the fundamental factors which influence how a business operates within the context of its internal and external business environment.

Many people dream of setting up their own business but are not aware of what is required, what support is available and what personal qualities are required. The aim of this unit, therefore, is to consolidate previous learning where learners employ the knowledge and skills of discip lines such as marketing and management to produce a viable business plan.

Management accounting provides business managers with the financial information required to achieve business objectives. This requires effective decision-making based on the timeliness and accuracy of financial information. The aim of this unit is to provide learners with an awareness of the scope and purpose of management accounting so they are able to support effective decision-making within a business.

All businesses and those employed by it must operate within the laws, legislation and regulations of the countries in which it conducts its activities. Some law only applies to specific types of businesses and their legal structure, whereas other laws apply to any business irrespective of their operations and location. The aim of this unit is, therefore, to support a learner’s exploration of laws, legislation and regulations which apply in their home country and to different types of business.

The aim of this unit is to provide learners with a detailed understanding of the marketing planning process and to apply these principles to a variety of business contexts. The unit also provides a comprehensive understanding of environmental analysis and how this can lead to the development of appropriate objectives and strategies to enhance operational marketing performance.

The ability to attract, develop, and retain talented employees is a key factor in a business’s success. Human resource management focuses on supporting and enhancing business success and performance through its strategic vision and operational functions. The aim of this unit is to introduce learners to the key human resource management principles and concepts so they can support a sustainable approach to people management through an understanding of the purpose and scope of the human resource management function.

Simply put, strategy is about putting a business in the best place possible to gain a competitive advantage in its target market. However, achieving competitive advantage requires research, analysis, interpretation and strategic decision-making. The aim of this unit is to develop learner’s knowledge and skills, so they are in a strong position to contribute to an organisation’s strategy development and implementation.

From a business perspective, the world is becoming a smaller place. Businesses need to be open to new ideas, new opportunities, and a new way of operating. This means businesses need to expand and transform in a fast-paced and dynamic environment. The aim of this unit is to encourage the exploration of key globalisation theories, concepts, and models, which will enable learners to gain an appreciation of the complexities of globalisation as well as the benefits globalisation presents to a business.

Having hard management and soft leadership skills is often stated by employers as being key to the success of a business but few people have sufficient quantities of both to make a significant impact on business operations and strategy. The aim of this unit, therefore, is to support a learner’s understanding of leadership as a role and management as a function so that they are able to develop the knowledge, skills and traits to make a meaningful contribution to a business’s success.