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Money Bag

Unit 3 - Finance & accounts - QB

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Chart Increasing

Unit 1 - Introduction To Business Management - QB

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Briefcase

Unit 2 - Human Resource Management - QB

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Direct Hit

Unit 4 - Marketing - QB

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Factory

Unit 5 - Operations management - QB

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Bar-Chart

Unit 6 - Assessment

Copyright 📜

<ul>
	<li>Definition: An exclusive right granted to the creator of an original work, giving them the power to control its use for a specific period.</li>
	<li>Real-world example: J.K. Rowling, author of the Harry Potter series, owns the copyright to her books. This means no one can reproduce or sell her work without her permission until the copyright expires.</li>
</ul>

<ul>
	<li>
	About BPT Ltd 🏢

	<ul>
		<li>Owned by: Mary Davis</li>
		<li>Business Type: Small, private limited company</li>
		<li>Specialization: Online education</li>
		<li>Recent Status: Years of expansion</li>
	</ul>
	</li>
	<li>
	Challenges &amp; Developments ⚙️

	<ul>
		<li>Mary&#39;s patented software copyright is about to expire 🕐.</li>
		<li>More competitors in online education 🥊.</li>
		<li>A need to accurately value non-current assets due to tech industry shifts 📈.</li>
		<li>Change in depreciation method: From straight-line to units of production 💻.</li>
		<li>Objective: Easier way to track revenues and expenses 🧮.</li>
	</ul>
	</li>
</ul>

(Note: Table 1 isn&rsquo;t provided but based on the information given, here&#39;s a general layout)

<ul>
	<li>Defining the Term - Copyright: An exclusive legal right to produce, reproduce, publish or sell an original work.</li>
	<li>&nbsp;Analyzing the Financial Data 🕵️</li>
	<li>- (i) Calculating X and Y</li>
	<li>Hint: Use given financial details from Table 1.</li>
	<li>- (ii) Constructing Balance Sheet for 2021
	<ul>
		<li>&nbsp;List assets, liabilities, and equity</li>
		<li>Ensure the accounting equation (Assets = Liabilities + Equity) is balanced.</li>
	</ul>
	</li>
</ul>

c) Depreciation Method: Units of Production 💡

<ul>
	<li>Benefit #1: Reflects Actual Wear and Tear</li>
</ul>

- Real-world example: Imagine a computer used more heavily in year 1 than year 2. Using the units of production method, the depreciation expense would be higher in year 1.

<ul>
	<li>Benefit #2: Matches Expenses with Production</li>
</ul>

- Real-world example: If a company manufactures 10,000 toys in a year using a particular machine, the depreciation for that machine would correlate with those 10,000 toys.

<ul>
	<li>Copyright is a crucial protective tool for creators 🔐.</li>
	<li>Depreciation methods should reflect the business&rsquo;s actual operations and asset use. The units of production method is great for equipment whose wear and tear align with the number of units produced 📉.</li>
</ul>

Tip: Always keep an eye on the external environment (like competitors) and adapt strategies accordingly!

&nbsp;

Happy Studying! 🌟

Unlocking BPT Ltd's Financial Insights: An In-depth Analysis

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Higher Level

Business Management HL

Unit 3 - Finance & accounts - QB

Unlocking BPT Ltd's Financial Insights: An In-depth Analysis

Table of content

Understanding key terms & concepts 💡

Case study details 🔍

Unlock the Full Content!

Unit 3 - Finance & accounts - QB

Unlocking BPT Ltd's Financial Insights: An In-depth Analysis

Table of content

Understanding key terms & concepts 💡

Case study details 🔍

Unlock the Full Content!