INTERNATIONAL ADVANCED LEVEL EDEXCEL …

1 SPECIFICATIONE dexcel INTERNATIONAL GCSE in Economics (9-1) (4ET0)First examination JuneECONOMICSEDEXCEL INTERNATIONAL GCSEMATHS A (9-1) INTERNATIONAL ADVANCED LEVEL BUSINESSSPECIFICATIONP earson EDEXCEL INTERNATIONAL ADVANCED Subsidiary in Business (XBS11)Pearson EDEXCEL INTERNATIONAL ADVANCED LEVEL in Business (YBS11)First teaching September 2018 First examination from January 2019 First certification from August 2019 ( INTERNATIONAL ADVANCED Subsidiary) and August 2020 ( INTERNATIONAL ADVANCED LEVEL ) EDEXCEL , BTEC and LCCI qualifications EDEXCEL , BTEC and LCCI qualifications are awarded by Pearson, the UK s largest awarding body offering academic and vocational qualifications that are globally recognised and benchmarked. For further information, please visit our qualification website at Alternatively, you can get in touch with us using the details on ou r contact us page at About Pearson Pearson is the world's leading learning company, with 35,000 employees in more than 70 countries working to help people of all ages to make measurable progress in their lives through learning.

2 We put the learner at the centre of everything we do, because wherever learning flourishes, so do people. Find out more about how we can help you and your learners at Acknowledgements This specification has been produced by Pearson on the basis of consultation with teachers, examiners, consultants and other interested parties. Pearson would like to thank all those who contributed their time and expertise to the specification s development . References to third party material made in this specification are made in good faith. Pearson does not endorse, approve or accept responsibility for the content of materials, which may be subject to change, or any opinions expressed therein. (Material may include textbooks, journals, magazines and other publications and websites.) All information in this specification is correct at time of going to publication.

3 ISBN 978 1 4469 4957 3 All the material in this publication is copyright Pearson Education Limited 2017 Contents About this specification 2 Why choose EDEXCEL qualifications? 4 Why choose Pearson EDEXCEL INTERNATIONAL ADVANCED Subsidiary/ ADVANCED LEVEL qualifications in Business? 5 Supporting you in planning and implementing these qualifications 7 Qualification at a glance 8 Business content 11 Unit 1: Marketing and people 12 Unit 2: Managing business activities 20 Unit 3: Business decisions and strategy 26 Unit 4: Global business 33 Assessment information 38 Administration and general information 41 Entries and resitting of units 41 Access arrangements, reasonable adjustments, special consideration and malpractice 41 Awarding and reporting 43 Student recruitment and progression 45 Appendices 47 Appendix 1: Codes 48 Appendix 2: Pearson World Class Qualification design principles 49 Appendix 3: Transferable skills 51 Appendix 4: LEVEL 3 Extended Project qualification 52 Appendix 5: Glossary 55 Appendix 6: Command words 56 Appendix 7.

4 Quantitative skills 57 Appendix 8: Glossary of INTERNATIONAL Accounting Standards 58 Appendix 9: Financial statements and accounting ratios 60 Appendix 10: Use of calculators 61 Pearson EDEXCEL INTERNATIONAL ADVANCED Subsidiary/ ADVANCED LEVEL in Business Specification Issue 1 September 2017 Pearson Education Limited 2017 2 About this specification The Pearson EDEXCEL INTERNATIONAL ADVANCED Subsidiary in Business and the Pearson EDEXCEL INTERNATIONAL ADVANCED LEVEL in Business are part of a suite of INTERNATIONAL ADVANCED LEVEL qualifications offered by Pearson. These qualifications are not accredited or regulated by any UK regulatory body. Key features This specification includes the following key features. Structure The Pearson EDEXCEL INTERNATIONAL ADVANCED Subsidiary in Business and the Pearson EDEXCEL INTERNATIONAL ADVANCED LEVEL in Business are modular qualifications.

5 The ADVANCED Subsidiary can be claimed on completion of the INTERNATIONAL ADVANCED Subsidiary (IAS) units. The INTERNATIONAL ADVANCED LEVEL can be claimed on completion of all the units (IAS and IA2 units). Content These qualifications build on the content covered in the legacy (2013) Pearson EDEXCEL INTERNATIONAL ADVANCED LEVEL in Business Studies. They have been updated to align them with recent changes in the equivalent AS and A LEVEL qualifications taken in England and Wales. Assessment The qualifications are assessed by examination only. Specification updates This specification is Issue 1 and is valid for first teaching from September 2018. If there are any significant changes to the specification, we will inform centres in writing. Changes will also be posted on our website. For more information please visit Pearson EDEXCEL INTERNATIONAL ADVANCED Subsidiary/ ADVANCED LEVEL in Business Specification Issue 1 September 2017 Pearson Education Limited 2017 3 Using this specification This specification gives teachers guidance and encourages effective delivery of these qualifications.

6 The following information will help you get the most out of the content and guidance. Compulsory content: as a minimum, all the bullet points in the content must be taught. The word including in content specifies the detail of what must be covered. Assessments: teachers should deliver these qualifications using a good range of examples to support the assessment of the content. Depth and breadth of content: teachers should use the full range of content and all the assessment objectives given in the subject content section. Qualification aims and objectives The aims and objectives of these qualifications are to enable students to: develop an enthusiasm fo r studying business gain an holisti c understanding of business in a range of contexts de velop a cri tical understandi ng of organisations an d their ability to meet society s needs and wants understand that business behaviour can be studied from a range of perspectives generate enterprising an d creative approaches to business opportunities, problems an d issues be aware of the ethical dilemmas an d responsibilities faced by organisations and individuals acquire a range of relevant business an d generic skills , including decision making, problem solving, the chal lenging of assumptions and cri tical anal ys is apply numeri cal skills in a range of business contexts.

7 Qualification abbreviations used in this specification The following abbreviations appear in this specification: INTERNATIONAL ADVANCED Subsidiary IAS INTERNATIONAL A2 IA2 (the additional content required for an IAL) INTERNATIONAL ADVANCED LEVEL IAL. Pearson EDEXCEL INTERNATIONAL ADVANCED Subsidiary/ ADVANCED LEVEL in Business Specification Issue 1 September 2017 Pearson Education Limited 2017 4 Why choose EDEXCEL qualifications? Pearson the world s largest education company EDEXCEL academic qualifications are from Pearson, the UK s largest awarding organisation. With over million students studying our academic and vocational qualifications worldwide, we offer internationally recognised qualifications to schools, colleges and employers globally. Pearson is recognised as the world s largest education company, allowing us to drive innovation and provide comprehensive support for EDEXCEL students to acquire the knowledge and skills they need for progression in study, work and life.

8 A heritage you can trust The background to Pearson becoming the UK s largest awarding organisation began in 1836, when a royal charter gave the University of London its first powers to conduct exams and confer degrees on its students. With over 150 years of INTERNATIONAL education experience, EDEXCEL qualifications have a firm academic foundation, built on the traditions and rigour associated with Britain s educational system. To find out more about our EDEXCEL heritage please visit our website: Results you can trust Pearson s leading online marking technology has been shown to produce exceptionally reliable results, demonstrating that at every stage, EDEXCEL qualifications maintain the highest standards. Developed to Pearson s world-class qualifications standards Pearson s world-class standards mean that all EDEXCEL qualifications are developed to be rigorous, demanding, inclusive and empowering.

9 We work collaboratively with a panel of educational thought-leaders and assessment experts to ensure that EDEXCEL qualifications are globally relevant, represent world-class best practice and maintain a consistent standard. For more information on the world-class qualification process and principles please go to Appendix 2: Pearson World Class Qualifications design principles or visit our website: Pearson EDEXCEL INTERNATIONAL ADVANCED Subsidiary/ ADVANCED LEVEL in Business Specification Issue 1 September 2017 Pearson Education Limited 2017 5 Why choose Pearson EDEXCEL INTERNATIONAL ADVANCED Subsidiary/ ADVANCED LEVEL qualifications in Business? We have listened to feedback from all parts of the INTERNATIONAL school subject community, including a large number of teachers. We have made changes that will engage INTERNATIONAL learners and give them skills that will support their progression to further study of Business and to a wide range of other subjects.

10 Key qualification features: Helps develop a holistic understanding of business the assessment culminates with a final paper that draws on the knowledge and skills students developed from Units 1, 2 and 3. development of quantitative skills students develop these skills throughout the content of the course and are required to apply these skills to relevant business contexts within the assessment. Consistent command word taxonomy we have reduced the number of command words used in the assessment and applied a consistent mark tariff. Reflects today s global world students develop an understanding of current global issues that impact on business, preparing them for their next steps in today s global world. Provides a real business focus students are encouraged to contextualise theory and respond to real-life INTERNATIONAL business case studies and stimulus material.