This year, the Business and Finance IBCP offers an exciting combination of two complementary courses; The London Institute of Banking and Finance Diploma in Financial Studies (DipFS); and/or BTEC Level 3 National Extended Certificate in Business, equivalent to an A Level.
BTEC Level 3 National Extended Certificate in Business
With a track record built over 30 years of learner success, BTEC Nationals are widely recognised by industry and higher education as the signature vocational qualification at Level 3. They provide progression to the workplace either directly or via study at a higher level at university level. BTECs embody a fundamentally learner-centred approach to the curriculum, with a flexible, unit-based structure and knowledge applied in project-based assessments. They focus on the holistic development of the practical, interpersonal and thinking skills required to be able to succeed in employment and higher education. The content of this qualification has been developed in consultation with academics to ensure that it supports progression to higher education. Employers and professional bodies have also been involved and consulted to confirm that the content is appropriate and consistent with current practice for learners planning to enter employment directly in the business sector.
Learners taking this qualification will study three mandatory units and two optional units. The mandatory learning programme covers business environments, marketing, and finance.
The mandatory units are as follows:
Unit 1: Exploring Business
In this introductory unit, learners study the purposes of different businesses, their structure, the effect of the external environment, and how they need to be dynamic and innovative to survive. You will also look at the importance of innovation and enterprise to the success and survival of businesses, with the associated risks and benefits.
Unit 2 Developing a Marketing Campaign (externally assessed)
Learners will gain skills relating to, and an understanding of, how a marketing campaign is developed. You will examine the marketing aims and objectives and be given market research data in order to develop your own marketing campaign for a product; giving opportunity for real life experience, drawing from learning across the programme of study and use of creativity and design.
Unit 3 Personal and Business Finance (externally assessed)
This unit includes aspects of both personal and business finance, from financial advice to an introduction to accountancy, sources of finance and money management and planning tools such as cashflow forecasting. Measuring the financial performance of a business will require you to prepare and analyse statements of comprehensive income and statements of financial position.
The optional units have been designed to support choices in progression to business courses in higher education and to link with relevant occupational areas:
• Human resources
• Accounting and personal finance
• Work experience
Both the CeS and the DipFS are graded A*-E. Each qualification is examined by a multiple choice examination (35%) and an exam requiring essay responses to questions about a pre-released case study (75%). To achieve a pass, students must achieve 40% in all units in each component of the examination.
General entry requirements:
International Baccalaureate Career-Related Programme: 3 x grade 6 and 2 x grade 5 at GCSE or equivalent.