Lesson Element
Unit 2: Working in business
LO3: Be able to use business documents
Interpretation of business financial documents
Instructions and answers for tutors
These instructions cover the learner activity section which can be found on page 3. This Lesson Element supports Cambridge Technicals Level 3 in Business.
When distributing the activity section to the learners either as a printed copy or as a Word file you will need to remove the tutor instructions section.
The activity
In this lesson element learners will investigate the purpose and interpretation of a range of business financial documents.
Suggested timing
1hour
Version 11© OCR 2016
Activity
Ask learners to prepare a large poster presentation which includes at least one example of:
- bank statement
- budget variance report – to show positive and negative budget variance and how this was calculated
- delivery note
- goods received note
- payslip – including deductions, gross and net pay
- receipt
- remittance advice
- request for repair form.
Learners should find a good example of each document, print it out and stick it onto a sheet of A4 and then annotate all the various elements of that document to show their understanding – for example, business name and address, customer name and address, account number etc. Make sure that learners include any explanation of how any calculations were made, for example budget variances and deductions from gross pay to get net pay. Learners should put all documents onto a large display. Alternatively this whole activity could be produced electronically.
There are many examples on the internet of these forms, which can be found using Google or any other search engine. The finished posters would make good wall displays for any learning environment. The activity will allow learners to find out about documents that they will encounter in later life, in a more practical way than just being told about them.
Version 11© OCR 2016
Lesson Element
Unit 2: Working in business
LO3: Be able to use business documents
Learner Activity
Interpretation of business financial documents
In this Lesson Element, you will investigate the purpose and interpretation of a range of business financial documents.
Activity
You are going to make a large poster presentation which includes at least one example of:
- bank statement
- budget variance report – to show positive and negative budget variance and how this was calculated
- delivery note
- goods received note
- payslip – including deductions, gross and net pay
- receipt
- remittance advice
- request for repair form.
You should find a good example of each document, print it out and stick it onto a sheet of A4 and then annotate all the various elements of that document – such as business name and address, customer name and address, account number etc. Make sure that you also include any explanation of how any calculations were made – for example budget variances, deductions from gross pay to get net pay. Put all documents onto a large display. Alternatively this whole activity could be produced electronically.
These two websites contain many images of budget variance forms and payslips:
You will find many examples of the other forms by searching on the internet. Other useful sites:
The important thing is that you demonstrate understanding of each document in terms of what each element is and what it means. Any calculations should also be explained.
Version 11© OCR 2016