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Level 3 Diploma in Business Management

Assignment workshop: drafting, feedback and improvement

BM305 · Finance in Business — Week 14 of 16

CourseBM305
Week14 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Assignment workshop: drafting, feedback and improvement

  1. Drafting against the criteria
  2. Tutor and peer feedback
  3. Improving the final submission
  4. Feedback and evaluation

What you will be able to do

  • 1.1 Explain why a business would keep financial records.
  • 1.2 Explain the purpose of business accounting.
  • 1.3 Explain the accounting requirements of different types of business.
  • 1.4 State different types of business finance at different stages in the growth of a business.
  • 1.5 Explain the different types of accounting and financial statements.
  • 2.1 Demonstrate accurate use of the double entry accounting system.
  • 2.2 Demonstrate accurate bank reconciliation.
  • 2.3 Develop control accounts for accounts receivable and accounts payable.
  • 2.4 Demonstrate how to correct errors in accounting records.
  • 3.1 Explain how absorption and marginal costing is used for decision-making.
  • 3.2 Explain how budgeting is used for financial planning and control.
  • 3.3 Explain how to undertake investment appraisal.
  • 4.1 Produce accurate absorption and marginal cost statements.
  • 4.2 Calculate sub and overall variances.
  • 4.3 Prepare accurate and subsidiary budgets.
  • 4.4 Apply investment appraisal methods to alternative capital investment options.

Activity

Start with this week’s video, then: Draft the assignment, get feedback and improve it before submission.

Study materials

Videos

  • Feedback and evaluation · Oak National Academy, Key Stage 4 (GCSE level) · for registered students

Further resources

  • Writing Guide, 3.5: Peer review and using feedback · PDF · OpenStax, textbook chapter; pp. 92–94 · for registered students
  • Business Communication for Success, ch. 8: Feedback in the writing process · PDF · Saylor Academy, textbook chapter; pp. 290–322 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Introduction to Business Records and Accounting
  • Week 2: Business Finance and Financial Statements
  • Week 3: The Double Entry Accounting System
  • Week 4: Bank Reconciliation
  • Week 5: Control Accounts and Correction of Errors
  • Week 6: Absorption and Marginal Costing
  • Week 7: Budgeting Framework and Subsidiary Budgets
  • Midterm: Midterm evaluation
  • Week 9: Budgetary Control and Variance Analysis
  • Week 10: Investment Appraisal Methods
  • Week 11: Appraisal Application and Project Evaluation
  • Week 12: Applying Finance in Business in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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