JC Business Studies study plan

Build a personal budget spreadsheet with income, fixed and variable costs, and savings, then compute surplus or deficit for three income scenarios

Prepare a classified list of personal assets and liabilities and calculate net worth

Define and compute gross pay, statutory deductions, net pay, and disposable income from two worked payslips

Explain the purpose of a household cash-flow statement and distinguish it from a budget

Record a set of 12 transactions in the appropriate books of first entry and post them to ledger accounts

Balance off ledger accounts and extract a trial balance that agrees

Classify payments as capital or revenue expenditure and justify each decision

Compare savings and borrowing options (deposit account, credit union, overdraft, personal loan) using effective annual cost

Prepare a trading, profit and loss account and a balance sheet from a trial balance with four adjustments

Adjust for closing stock, accruals, prepayments, and depreciation, showing workings

Calculate gross margin, net margin, and return on capital employed, and interpret each ratio

Correct six errors using a suspense account and journal entries, including errors of principle and omission

Evaluate two financing choices for a major purchase by comparing total interest, term, and risk

Explain how inflation and interest rates affect savings and loan repayments

Prepare a revised cash-flow forecast after an unexpected income drop and state two corrective actions

Complete a timed 40-question mixed set on Domains 1 and 5 under exam conditions

Distinguish needs from wants and explain opportunity cost using two enterprise decisions

Compare sole trader, partnership, private limited company, and cooperative on liability, control, and finance

Draft a short business plan covering product, target market, costs, and break-even

Calculate break-even point in units and revenue, and explain the margin of safety

Draw and explain the main functions of management: planning, organising, leading, and controlling

Compare autocratic, democratic, and laissez-faire leadership styles with a workplace example of each

Interpret a simple organisation chart and distinguish span of control from chain of command

Explain how motivation theories inform pay and non-pay rewards in a small firm

List the main statutory rights of a consumer and the remedies available when goods are faulty

Outline the steps a consumer takes to resolve a complaint, including evidence and escalation

Explain the responsibilities of the consumer and the role of a consumer protection body

Define inflation, unemployment, and economic growth, and state one policy response to each

Explain how government taxation and spending affect households and businesses

Revise all six domains using a one-page summary sheet per domain

Complete two full timed mock papers and record scores by domain

Target the two weakest domains with a focused re-test of 20 questions each