To support Business Management, we have focused initially on Finance topics as feedback from both teachers and students is that it is this particular business function that seems to cause the most confusion and lack of understanding.
We can offer plenty of practice in understanding and analysis of management accounts with tasks on Break even Analysis and Cash Budgets. The understanding and analysis of financial accounts features in almost every business-related course and qualifications and we have designed several units to help students navigate their way through this area of study. We have resources on Income Statements and Statement of Financial Position (also known as Profit & Loss Accounts and Balance Sheets) and Financial Ratios.
All our resources are paperless and can be completed online by way of Excel Spreadsheets. Paper based tasks and suggested solutions are also included in every pack. As with all our resources, tasks get progressively more difficult with less instructions and the business topics also have “exam style” questions at the end.
***UPDATE *** There are now additional resources to specifically support N5 Accounting
*** BYS [FINV1019] Introduction to Accounting ***
This Introduction to Accounting pack is geared towards students who are embarking on the N5 Accounting course. There are lots of tasks on the basics of double entry bookkeeping and completing basic statements of financial position. Most of the tasks can be completed electronically but paper packs and solutions are also provided.
*** New BYS [FINV1020] – H Partnership Accounts***
Plenty of practice for Higher Accounting – Partnership Accounts. Use discount code hacc2024 for 20% off, if you buy all 3 Higher packs. See below for a full product description.
***New – BYS [FINV1021] – H Ltd Accounts***
Plenty of practice for Higher Accounting – Ltd Accounts. Use discount code hacc2024 for 20% off, if you buy all 3 Higher packs. See below for a full product description.
***New – BYS [FINV1022] – H Manufacturing Accounts***
Plenty of practice for Higher Accounting – Manufacturing Accounts. Use discount code hacc2024 for 20% off, if you buy all 3 Higher packs. See below for a full product description.
***New Freebie – Fix the Excel Error for H Admin***
All the Spreadsheet tasks from the 2018 - 2023 Higher Admin & IT Assignments with errors that need to be fixed 😁
BYS [FINV1001] – Breakeven Analysis (Level 1)
The basics of breakeven analysis through completing tables and interpreting and drawing breakeven graphs. See below for a full product description.
BYS [FINV1006] – Income Statements (Level 2)
Plenty of practice for N5 Accounting, these Income Statements also includes various adjustments such as
pre-payments, accruals, provision for bad debts and depreciation. See below for a full product description.
BYS [FINV1007] – Statement of Financial Position (Level 2)
Plenty of practice for N5 Accounting, these Statements of Financial Position also includes extracting ledger entries and dealing with Notes to the Accounts. See below for a full product description.
BYS [FINV1008] – Financial Documents
Plenty of practice for N5 Accounting completing invoices, credit notes and statement of accounts. Includes VAT and Trade and Cash Discount. See below for a full product description.
BYS [FINV1009] – Ledgers 1
Plenty of practice for N5 Accounting using financial documents to complete ledger accounts. All types of transactions including bad debts and bank payments including and excluding VAT. See below for a full production description.
BYS [FINV1010] – Ledgers 2
More practice for N5 Accounting and double entry accounting to complete ledgers. All types of transactions including bad debts, drawings, discount allowed and received and bank payments including and excluding VAT. See below for a full production description.
BYS [FINV1015] – Trial Balance
Plenty of practice for N5 Accounting - taking ledger balances and inserting in the correct side of the Trial Balance. See below for a full product description.
BYS [FINV1016] – Breakeven Analysis (Level 2)
A follow on from the Level 1 pack BYS [FINV1001] this more advanced pack is aimed at N5 Accounting and A Level Business Studies. Plenty of practice on completing break-even tables, analysing graphs, calculating contribution, BEP, margin of safety, profit/loss at a certain level of output and where there is a required profit. See below for a full product description.
BYS [FINV1017] – Financial Analysis
This pack supports A Level Business Studies and focuses on financial analysis with tasks on calculating profit from an income Statements, Profit Change %, Profitability, Efficiency, Liquidity and Gearing Ratios. It is a paperless resource and uses Excel for the tasks. See below for a full product description.
BYS [FINV1018] – Financial Ratios (Level 2)
Plenty of practice for N5 Accounting focusing on financial analysis - profitability, liquidity and efficiency ratios. See below for a full product description.
BYS [FINV2002] – Cash Budgets (Level 1)
The basics of interpreting and analysing cash budgets. See below for a full product description.
BYS [FINV3003] – Income Statements (Level 1)
Understanding, interpreting and analysing Income Statements (Trading, Profit & Loss Accounts). See below for a full product description.
BYS [FINV3004] – Statement of Financial Position (Level 1)
Understanding, interpreting and analysing Statements of Financial Position (Balance Sheets). See below for a full product description
BYS [FINV3005] – Financial Ratios (Level 1)
Understanding, interpreting and analysing financial ratios. See below for a full product description.
Examples – New N5 Accounting Resources
*** New Resources for N5 Accounting ***
Examples of each of the 6 new resources. Packs can be worked through on Excel or printed off as a paper copy
New Freebie – Higher Financial Accounts Past Papers (Excel)
Past paper financial questions for Higher Accounting from 2018 - Ltd, Manufacturing and Partnership. They're on Excel so no printing required. There's 2 different Excel versions - one with questions and data and the other with labels too. Solutions also included.