Business Studies, Economics and Accounting
At Prospect School we strive to progress students’ ability to understand the economic and business environment which underpins our economy and lives. We aim to develop students’ entrepreneurial and business acumens to ensure they develop outstanding employability skills for the future so that they can be active participants in improving our future growth prospects.
An increasingly successful department which offers a wide range of academic and vocational courses at Key Stage 4 and Key Stage 5. We offer courses that are suitable for all abilities. Subjects currently offered include Business and Economics and Accounting. As a department we strive to be inclusive, to teach engaging and challenging lessons and to focus on the achievement of each individual. We offer a supportive and caring learning environment in which every student has the opportunity to achieve their personal best.
DEPARTMENT LOCATION AND RESOURCES
The Business Department is located in the school’s Sixth Form Centre. Students benefit from the use of a theory classroom and two ICT suites, which helps to enhance their learning experiences.
We aim to offer a diverse range of Key Stage 4 and Key Stage 5 options, targeted at both vocational and academic routes.
KEY STAGE 4
The BTEC First Award is a vocational course which enables students to develop an understanding of business activities and organisations. They are taught through a focus on business case studies and practices. This course aims to develop a critical understanding of organisations and how they operate. It enables students to develop key skills through an investigative and problem solving approach.
- Unit 1: Enterprise in the Business World
- Unit 2: Finance for Business
- Unit 4: Principles of Customer Service
- Unit 8: Recruitment, Selection and Employment
BTEC Examination board is Edexcel.
GCSE Business Studies:
GCSE Business is an exciting and innovative academic course, assessed mainly through external examination with an element of controlled assessment. It is based on an enterprise-themed core whilst also exploring how to build a business. It is designed to encourage students to be inspired, moved and challenged by following a broad, coherent, satisfying and worthwhile course of study and enables them to gain an insight into business related sectors. It supports students by preparing them to make informed decisions. Students complete two units over the two year course.
- Unit 1: Introduction to Small Business
- Unit 2: Investigating Small Business
- Unit 3: Building a Business
GCSE Examination board is Edexcel.
- Unit 1 is 25% External Multiple Choice examination
- Unit 2 is 25% Controlled Assessment
- Unit 3 is 50% External Examination
KEY STAGE 5
BTEC Advanced Subsidiary Diploma and Diploma in Business are vocational courses. This course provides a practical and real-world approach to learning, alongside a key theoretical background. Students must complete a range of projects, based on real business activity to meet the criteria for each unit. It extends on key skills such as analysis, evaluation and problem solving.
BTEC Advanced Subsidiary Diploma in Business:
- Unit 1: The Business Environment
- Unit 2: Business Resources
- Unit 3: Introduction to Marketing
- Unit 4: Business Communication
- Unit 10: Market Research in Business
- Unit 12: Internet Marketing in Business
BTEC National Diploma:
- Unit 5: Business Accounting
- Unit 7: Management Accounting
- Unit 9: Creative Product Promotion
- Unit 13: Recruitment and Selection in Business
- Unit 36: Starting a Small Business
- Unit 37: Understanding Business Ethics
BTEC Examination board is Edexcel.
BTEC Assessment is 100% coursework.
AS/A2 Business Studies:
This is an academic course which enables students to develop an understanding of business activities and operations through current business case studies. Students explore how real business decisions are made, whilst gaining an awareness of key business concepts and areas including business start-ups, finance, marketing, recruitment and operations. This course is for anyone who has an interest in current affairs and the world of business.
- Unit 1: Planning and Financing a Business (40% of AS)
- Unit 2: Managing a Business (60% of AS)
- Unit 3: Strategies for Success (25% of A2)
- Unit 4: The Business Environment and Managing Change (25% of A2)
Each of the above units will be tested by a written examination. Unit 1 exam lasts 1 hour 15 minutes and consists of short answer questions and extended responses based on a case study. Unit 2 lasts one hour and thirty minutes and is a compulsory, multi-part data response question.
If the students continue studying Business Studies for a second year, they will gain a full ‘A’ level (A2) qualification. In order to do so, they will study a further two units. Their performance in the AS provides 50% of the marks towards their full ‘A’ level. Examination board is AQA.
AS/A2 Level Economics:
Economics is an academic course which enables students to develop an understanding of economic concepts and theories through a critical consideration of current economic issues, problems and institutions that affect everyday life. It utilizes a range of skills including enquiry, data handling, analysis and evaluation.
- Unit 1: Markets in Action
- Unit 2: The National and International Economy
- Unit 3: Economics of Work and Leisure
- Unit 4: The Global Economy
A/S Economics is assessed through two external examination papers, each 1.5 hours. Each paper contributes 50% towards the overall A/S Level grade. At the end of Year 12 students receive an A/S in Economics; they then have the option to continue studying to A2 Level. Marks awarded for A/S contribute 50% towards the final A2 grade. A2 is also assessed through two synoptic external examinations, each 2 hours. Each A2 paper contributes 25% towards the overall A Level grade (50% of A2). Examination board is OCR.
Accounting is an academic course in which learners study the fundamental of record-keeping and the purposes, techniques and consequences of effective financial accounting. It explores how financial accounting helps in the measuring, monitoring and planning of successful business operations. It develops students’ capacity for methodical and critical thought.
- Unit 1: Introduction to Financial Accounting
- Unit 2: Financial and Management Accounting
- Unit 3: Further Aspects of Financial Accounting
- Unit 4: Further Aspects of Management Accounting
AS is assessed through two 1 hour 30 minute examinations, both of which are taken in June. Each contributes 25% towards A2. At A2 level there are 2 further examinations, each 2 hours long. Again, each contributes 25% to the A2 final grade. Examination board is AQA.