The example below - which promotes independent learning - endeavours to illustrate how this teaching mode can effective utilise the peer review approach via a spread-sheet template.
Unit 37: P4 (b): Know the financial aspects that will affect the start up of the business
For this part of the assignment the learner is required to outline the financial aspects: personal survival budget; cost of premises, equipment and supplies; running costs; employing staff; pricing policy; break even; cash flow forecasting; profit and loss budgets/accounts; sources of finance e.g. grants, loans, borrowing, sponsorship; record keeping.
The hyperlinked Profit and Loss + Cash-flow-forecast spread-sheets provides - the (ILT) Information and Communication Technology simulation tool for - the (potential) independent learner to generate many financial scenarios. This resource is also supported by the Unit's SOW (Scheme of work) and accompanying related online resources - see weeks: 27-30 (Financial Aspects 1, 2 and 3).
This Peer-Mark assignment based on past students Unit 36: Task P4 (b) Finanical Aspects paper assignment will provide new students with a full-financial model to use as a bench-mark. Also, the activity will engage students in critical thinking i.e. emphasising the process not the final product.
Example of Peer-Mark (Step 1, Step 2 and Step 3) settings for this example.
To magnify - click on spread-sheets
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Example of Peer-Mark (Step 1, Step 2 and Step 3) settings for this example.
To magnify - click on spread-sheets
