Learning Partnerships, Unit Catalogue 2008/09 |
AS20127 Business and professional practice |
| Credits: 5 |
| Level: Intermediate |
| Semester: 2 at Wiltshire College |
| Assessment: OT 100% |
| Requisites: |
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Aims: The aim of this unit is to introduce students to the legal requirements and day-to-day needs of modern business, with particular emphasis on the needs of the self-employed worker.
Learning Outcomes: By the end of this module the student should have a basic understanding of the requirements of being self-employed, and be able to describe the various professions supporting SMEs. Skills: The basic intellectual and practical skills to become self-employed. Content: The Nature of Business: e.g. sole trader, self employed, employed, partnerships, limited liability companies, public limited liability companies. Legal Aspects: e.g. Income tax, National Insurance, for PAYE and for the self employed, public liability insurance, business names, tax allowances. Professional Advisers: e.g. solicitors, accountants, insurance brokers, the role of banks. Pensions; e.g. aspects of planning for the future. Premises: e.g. working from home, planning permission, buying and leasing property. Purchasing Equipment: e.g. capital expenditure, leasing, renting. Employing others: e.g. health and safety, income tax, national insurance, job descriptions, equal opportunities legislation. Financial Records: e.g. VAT, income, expenditure, accounting periods, bookkeeping, Income tax. Marketing: e.g. to potential employers, to clients. 'The Business Plan': e.g. its role in helping the self employed person access other services. |