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LP00030: Business 2

Follow this link for further information on academic years Academic Year: 2013/4
Further information on owning departmentsOwning Department/School: School of Management (administered by the Learning Partnerships Office)
Further information on credits Credits: 12
Further information on unit levels Level: Foundation (FHEQ level 3)
Further information on teaching periods Period: Semester 2 at Chichester College
Semester 2 at City of Bath College
Semester 2 at Wiltshire College
Further information on unit assessment Assessment: CW 40%, EX 60%
Further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this unit you must take LP00029
Further information on descriptions Description: Aims:
This unit aims to ensure that students are equipped with sufficient business knowledge/principles to enable entry to their chosen business pathway either with Bath University or similar provider.
This unit will seek to further enhance the core competencies of Business 1, namely research skills, problem solving, effective communication skills and ICT.

Learning Outcomes:
On completion of the unit students should be able to:
(i) Explain how internal change can affect businesses
(ii) Identify the main external changes affecting businesses and explain their impact on a business
(iii) Prepare the main financial statements used in business and calculate and explain financial ratios based on the financial statements.
(iv) Carry out basic investment appraisal techniques and make recommendations based on their results
(v) Explain how contract and consumer protection law impact on businesses within the context of the UK legal system and EU law.

Skills:
Key transferable skills.

Content:
The impact of Change on Business
* External change, including the business cycle, interest rates, exchange rates, unemployment, social change
* Internal change, including management reorganisation, changes in size, changes in ownership
Finance
* Profit and Loss Account and Balance Sheet
* Ratio Analysis
* Investment appraisal (Pay Back, ARR and NPV)
Law
* The legislative process in the UK (outline only)
* Formation of contract; contract terms
* Consumer protection, consumer legislation, trade descriptions.
Further information on programme availabilityProgramme availability:

LP00030 is Optional on the following programmes:

Programmes administered by the Learning Partnerships Office
  • UMMN-DFB03 : University of Bath International Foundation Year (Full-time at City of Bath College) - Year 1
  • UMMN-SFB03 : University of Bath International Foundation Year (Full-time at Chichester College) - Year 1
  • UMMN-WFB03 : University of Bath International Foundation Year (Full-time at Wiltshire College) - Year 1

Notes:
* This unit catalogue is applicable for the 2013/4 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.