JC Business TM Contents for textbook and workbook Chapter Textbook Workbook 1 Communications 1 182 2 Communications in Action 2 182 3 Introduction to Record Keeping 5 183 4 Household Accounts 7 185 5 Income 9 186 6 Expenditure 11 189 7 The Budget 12 192 8 The Good Consumer 13 230 9 Protecting the Consumer 13 230 10 Making a complaint 14 232 11 Money and Banking I No exercises 233 12 Money and Banking II 16 234 13 Money and Banking III No exercises 234 14 Bank Accounts 16 238 15 Personal Borrowing 18 246 16 Insurance 19 249 17 Premium Calculation and Estimating 20 252 Compensation 18 Economic Framework 20 256 19 Budgeting - the National Budget 21 258 20 Foreign Trade 23 260 21 Forms of Ownership 24 263 22 Private Limited Company No exercises 264 23 Chain of Production 26 267 24 People at Work 26 267 25 Being an Employer 27 269 26 Industrial Relations 29 275 27 Finance for Business 30 276 28 Preparation of a Business Plan 32 277 29 Business Loan Applications 32 283 30 Banking for Business 32 287 31 Business Insurance 34 287 32 Delivery Systems 35 290 33 Marketing 36 295 34 Financial Recording and Filing 38 297 35 Business Documents I 38 302 36 Business Documents II No exercises 305 37 Recording Credit Transactions 40 310 38 Continuous Balancing Ledgers and No exercises 317 Statements 39 Analysed Cash Books I 71 324 40 Analysed Cash Books II Monitoring 80 325 Overheads 41 General Journal 84 329 42 Combined Books of First Entry and 91 331 Ledger Questions 43 Control Accounts 109 333 44 Trading Account 109 334 45 Profit and Loss Account 111 336 46 Profit and Loss Appropriation Account 114 337 47 Balance Sheet 118 338 48 Adjustments to Final Accounts 127 339 49 Final Accounts and Balance Sheet with 132 341 Adjustments 50 Assessing a Business 148 342 51 Club Accounts 152 346 52 Club Accounts with Adjustments 161 347 53 Farm Accounts 166 348 54 Service Firms 173 348 55 Information Technology 177 348 Junior Certificate Business Studies for Households and Enterprises TEXTBOOK TEACHER’S MANUAL Matt Hynes © Matt Hynes 2005 ISBN 1-84131-703-9 Folens Publishers, Hibernian Industrial Estate, Greenhills Road, Tallaght, Dublin 24. Editor: Fiona Dunne Design and Layout: Compuscript Produced in Ireland by Folens Publishers All rights reserved. The publisher reserves the right to change, without notice, at any time the specification of this product. FOLENS Junior Certificate Business Studies Textbook Teacher’s Manual Chapter 1 Communications 1. Factors Explanation Destination Is communication within Ireland or worldwide? Cost How do the different methods compare on price? Speed How urgent is the information to be communicated? Record Is it necessary to keep the information? 2. Internal communication Method Explanation A space that employees will look at to keep them up-to-date with Notice board what is happening Meetings Bring employees together to discuss topics face-to-face External communication Method Explanation Letters Written communication from one person to another sent in the post Newspapers Written communication printed on local or national newspapers 3. Oral communication Method Explanation Telephone Use of landline or wire-free device to contact someone else Meetings Bring employees together to discuss topics face-to-face Written communication Method Explanation Letters Written communication from one person to another sent by post A space that employees will look at to keep them up-to-date with Notice board what is happening Visual communication Method Explanation Used to provide detailed information in lines or easy-to-understand Charts pictures Television Used to show people actually communicating in real-life situations 4. See chart at bottom of p4 in the textbook. 1 Junior Certificate Business Studies Textbook Teacher’s Manual Chapter 2 Communications in Action Letter Writing The answers to letters should follow the nine-point plan. It’s good discipline for the students to put in the numbers beside the text when doing the exercises, to ensure that they complete the letter fully. The address of the sender and date of the letter can also be placed on the left- hand side of the page. 1. 1. Top View Road, Sligo. (087) 4325676. 2. 3. Ms News Agent, Corner Grove, Sligo. 4. Dear Ms News Agent, 5. I wish to enquire about a new magazine called Predict Your Future. 6. Can you obtain this magazine for me? How much will it cost? How many issues are there? 7. Please let me know as soon as possible. 8. Yours sincerely, 9. Patrick Kerns. 2. 1. Harmony Street, Carlow. (086) 85341245. 2. 3. Edge Music Store, Piano Row, Waterford. 4. Dear Mr Edge, 5. I wish to order a new CD called How to Make A Snowman Melt. 6. When can you have it in stock? 7. Please phone or text me when it’s in. 8. Yours faithfully, 9. Nora Jones. 2 Junior Certificate Business Studies Textbook Teacher’s Manual 3. 1. Students Union, St. Mark’s Community School, Celbridge, Co. Kildare. 2. 3. Finbar Keenan, Main Street, Maynooth, Co. Kildare. 4. Dear Finbar, 5. I was delighted to hear that you are coming to our school in September. 6. As you will be in Second Year, I would like to set out the ten subjects you will study. Six subjects are compulsory: For the other four you can choose from: 7. Please contact me if you want details about these subjects. 8. Yours faithfully, 9. Monica Grey. President Students’ Union. Report Writing The answers to reports should follow the nine-point plan. It’s good discipline for the students to put in the numbers beside the text when doing the exercises, to ensure that they complete the report fully. 4. 1. Siobhán Gallagher, Class 1, Vocational School, Letterkenny, Co. Donegal. 2. Best Value In Mobile Phone Credit 3. 4. Class 1, Vocational School, Letterkenny, Co. Donegal. 5. I was asked by you to prepare a report on where the best value in mobile phone credit can be obtained. I checked out all the providers. My findings are set out below. 6. Providers O2 Vodafone Meteor Price per call per minute cent cent cent Price per text cent cent cent I recommend 7. I am available to discuss my findings if required. 8. Siobhán Gallagher. 9. Mobile Phone Consultant. 3 Junior Certificate Business Studies Textbook Teacher’s Manual 5. 1. Ilona Donnelly, Class D, Mercy Convent. 2. Best Fast-Food Outlets in 3. 4. Class D, Mercy Convent. 5. I was asked by you to prepare a report on the best fast-food outlets in . I visited all the outlets and sampled the food. My findings are set out below. The providers are rated out of 10. 6. Providers Mighty Sams Mini Macks Burger Queen Price 7 6 9 Quality 8 8 5 Service 9 7 8 I recommend Mighty Sams. 7. I am available to discuss my findings if required. 8. Ilona Donnelly. 9. Fast Food Consultant. 6. 1. Máire McGrath, Class A, Ard Scoile. 2. Main Sources of Income for Students in Class A 3. 4. I was asked by you to prepare a report on the main sources of income for students in Class A. I surveyed all twenty-six students. My findings are set out below. 5. Income Pocket money Part-time Work Other Percentage of income earned 60% 30% 10% 6. The main source is pocket money. 7. I am available to discuss my findings if required. 8. Máire McGrath. 9. Financial Consultant. 7. Notice is given that a meeting of the Business Studies Students Club will take place in Room 5 at 12.30 pm on Monday 3 October 2005. All members please attend. 8. AGM Agenda for the Business Studies Student Club. 1. Minutes of previous meeting 2. Matters arising from the minutes 3. Correspondence received by club officers 4. Treasurer’s report 5. Club tour to AIB headquarters 6. Membership fees 7. Any Other Business for the next meeting 4 Junior Certificate Business Studies Textbook Teacher’s Manual Charts and Graphs 9. Bar chart showing sales of shoes for period 2000–2005. 10. Line graph showing rate of inflation for period 1999–2004. 11. Pie chart showing breakdown of sales for the four seasons 2005. Chapter 3 Introduction to Record Keeping The solutions to exercises 1 to 5 show the accounts balanced. You may wish your students to do likewise depending on their progress. 1. Date Details Total Date Details Total 2005 € 2005 € 1/1 Prize money 100 8/1 Sports gear 30 6/1 Pocket money 10 10/1 Lunch 5 10/1 Balance c/d 75 110 110 11/1 Balance b/d 75 5 Junior Certificate Business Studies Textbook Teacher’s Manual 2. Date Details Total Date Details Total 2005 € 2005 € 1/2 Pocket money 12 6/2 New books 20 4/2 Sale of books 55 8/2 Video 4 10/2 Magazines 6 10/2 Balance c/d 37 67 67 11/2 Balance b/d 37 3. Date Details Total Date Details Total 2006 € 2006 € 1/3 Interest 28 8/3 School books 40 4/3 Wages 32 12/3 Sweets 6 6/3 Pocket money 8 12/3 Balance c/d 22 68 68 13/3 Balance b/d 22 4. Date Details Total Date Details Total 2007 € 2007 € 1/1 Parents 100 2/1 School books 90 5/1 Pocket money 12 3/1 Lunch 8 7/1 Interest 38 9/1 Magazine 24 9/1 Balance c/d 28 150 150 10/1 Balance b/d 28 5.