Managing risk through effective team-based decision making (MP3) 
Apprenticeship training within the steel industry (PDF) 
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Business Studies
Our business studies section offers comprehensive resources designed to deepen your understanding of fundamental business principles. Explore topics ranging from marketing to operations, tailored to support both academic and professional growth.
Accounting principles
Accounting principles involve the recording and interpretation of business activity in figures (recording accounts). Records are kept of business transactions and full sets of accounts...
Financial records and documents
Accounting involves the creation of financial records of business transactions, flows of finance, the process of creating wealth in an organisation, and the financial...
Understanding a balance sheet
The Balance Sheet gives a frozen picture of one instant of time. The other two financial statements show movements over a period of time....
The importance of business accounts
Business accounts are produced to meet the needs of their users. Typical users and the use they make of accounts are shown below:
There are...
Investigating methods of making and receiving payments
There are a number of ways that businesses and individuals can make payments to others. Typical methods of making payments include cheque payments and...
Interpreting financial information
Business accounts are produced to meet the needs of their users. Typical users and the use they make of accounts are shown below:
Shareholders -to check...
Accounting for decisions
Management accounting uses financial information in order to enable better decision-making within the organisation. The format and content of management accounts will depend on...
Accounting concepts
Accounts are records of financial transactions. Information that is used in accounts is initially entered into books of prime entry, which may simply be...
The flow of financial documents used in a business purchase
There are a number of documents that flow between a supplier and a purchaser when purchases are made.
Initially, the purchaser will want to...
Profit and loss accounts, balance sheets
Two of the most important financial statements for a business are the Profit and Loss Account, and the Balance Sheet. The Profit and Loss...
Constructing accounts
Accounts are records of financial transactions. Information that is used in accounts is initially entered into books of prime entry, which may simply be...
PEST analysis
Before creating business plans or making decisions, it is important to 'scan' the external environment. This can be achieved through a PEST analysis, i.e....
External organisations
Businesses come into contact with a range of external organisations, including:
Competitors
Suppliers of services e.g. transport and communications suppliers
Providers of assistance e.g. advisory bodies such...
Vision
The vision of a company is an outline of what that company wants to achieve. It needs to promote aspiration and inspire stakeholders, both internal...
Ownership
The owner of a business is the person who owns the business - i.e. has put the financial capital into the business and takes...
Types of organisation: Choosing the Right Organisation for Success
Business Structures Explained
Have you ever wondered about the different kinds of businesses around us? From your local corner shop to multinational giants, each operates...
Public and private sectors
The main types of business organisations in the private sector in the UK are - sole traders, partnerships, companies and franchises. The sole trader...
Structure of organisations
Organisations are structured in radically different ways ranging from relatively fixed structures with positions, rules, and established chains of communication to dynamic structures in...
Trends in ownership and control
The owner of a business is the person who owns the business - i.e. has put the financial capital into the business and takes...
Legal forms of business
There is a range of legal structures associated with different forms of business:
1. Sole trader businesses are the easiest to set up because there...