Business Environment Synoptic AssessmentThis unit provides knowledge and understanding of key business concepts and their practical application in the external and internal environment in which students will work. Learning outcomes: Understand the principles of contract law Understand the external business environment Understand key principles of corporate social responsibility (CSR), ethics and sustainability Understand the impact of setting up different types of business entity Understand

In addition to addressing more advanced applications of the topics covered in Paper 1 Financial Accounting 1 the syllabus covers the following areas:

D Making strategic choices

This Systems and Processes unit is only examined as part of the Professional Accounting Technician Apprenticeship Synoptic Assessment (PDSY)

Students will undertake an evaluation of an accounting system to identify weaknesses and assess the impact of those weaknesses on the operation of the organisation

Understand accounting standards for non-current assets

or environmental reports)

Audit and Assurance is an optional unit

A Business models and value creation

capital gains tax and inheritance tax

Understand the role of accounting and related practices within the financial and governance context of organisations

Produce work in appropriate formats and communicate effectively

Explain and identify accounting concepts and the regulatory purpose of accounting standards