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Curriculum Overview KS3
Subject:
Business Studies
Overview effective from[date
]:
September 2017
3.6 Finance
Teach before: Revision
Teach after: 3.5 Marketing
3.6.1 Sources of finance
Specification
content
Learning
objectives
Additional
guidance
Suggested
timing
(hours)
Learning activities and resources
Methods
businesses use
to raise finance
To understand the
main internal and
external sources of
finance available.
To be able to
analyse the
advantages and
disadvantages of
each method for a
given situation.
Sources of finance
available include
family and friends,
retained profit, a
new
share issue,
obtaining a loan
or mortgage,
selling unwanted
assets,
overdrafts, trade
credit, hire
purchase and
government
grants.
3
Starter – students brainstorm the reasons why businesses need to raise finance.
Show
Dr ag ons’ Den video
– students discuss why entrepreneurs choose to go on
the
programme.
Reference –
Tutor2u webpages on finance
Show video clip on raising finance –
BBC Bitesize video on raising finance
Research – students complete research on the main sources of finance available to
new, growing or established businesses, eg
NatWest
,
AFC Bournemouth
etc.
Students create a table with headings including sources of finance, internal or external
source of finance, appropriate for what size of business, advantages and disadvantages.
Students create a leaflet for the
Pr ince’s t r ust
to guide businesses on what finance
is available and which would be the most appropriate source of finance for their
business
Appropriateness
of sources of
finance
To be able to
evaluate the
suitability of sources
of finance for new
and established
businesses.
1
Starter –
sources of finance quiz
Give students a range of scenarios, eg purchasing more stock, purchasing a new factory
etc. Students explain which source of finance is most appropriate in each case.
Complete question 3d) 9 marks Paper 2 June 2013 or 2b) 6 marks Paper 1 June 2015
or 2c) 9 marks Paper 2 June 2015.