Junior Cert -


Business Studies provides pupils with an introduction to business in the home (budgeting,

consumer rights, banking, insurance etc.); in the workplace (wages, tax, industrial

relations etc.) and at national level (national budget, exports and imports etc.).

Business enterprise is also covered, concentrating on how companies are formed and how

they keep their accounts.

Business Studies is that part of the curriculum which enables the student to make

informed decisions in the everyday business of living; which contributes to the student’s

understanding of the world of business; which encourages a positive attitude to enterprise

and which develops appropriate skills in that field.

The syllabus is balanced between the business education necessary for the

individual/household area and business education in the purely commercial context. This

balance is achieved by devoting separate syllabus sections to the “Business of Living”

and “Enterprise”. The business concepts and skills introduced in one are restated and

reinforced in the other. A section on economic awareness forms a bridge between these

two sections.

Text Book: Eurobusiness & Workbook

– John Taylor (Folens)

3rd Year Programme

 Business Documents

 Double Entry from Source Documents through to Trial Balance

 Control A/cs

 Ledger A/cs

 Continuous Presentation of Accounts

 Bank Reconciliation Statements

 Work & employment

 Industrial Relations

 Assessing the performance of a business

 Club A/cs

 Service A/cs

 Farm A/cs

3rd Year – Business Studies – scheme of work

Business Documents

– Function of the various documents

– Terms of trade

– Cash V Trade Discount

– Stock control

– Practice using/filling in documents

– Importance of efficient filing

– Dealing with outgoing/incoming documents

– Selling for cash V selling on credit

– Checking customer creditworthiness

– What happens when the customer cannot pay?

Double Entry Book-keeping

– General Journal

– Posting to the ledger

– Trial Balance

– Overview of connection between book-keeping and final accounts

– Follow business transactions through form source document, through

daybooks & ledgers to Trial Balance and Final Accounts

Control A/cs

– Recap on the purpose of a Trial Balance

– Uses and limitations of a Trial Balance

– Purpose/function of Control Accounts

– Practice of simple control accounts

Ledger A/cs

– accruals

– prepayments

– depreciation

Continuous Presentation of Accounts

– Demonstration of alternative to T accounts

– Conversion of T accounts to continuous accounts and vice versa

Bank Reconciliation Statement

– – Cash Book (T a/cs) v Bank Statement (Continuous presentation)

– Reading/understanding Bank Statement

– Differences in Cashbook and Bank Statement + reasons why

– Updating Cashbook

– Bank Reconciliation Statement

Work/Employment

– Work V Employment

– Reasons for unemployment

– Labour Force

– Rights and Responsibilities of an employee

– Rights and Responsibilities of an employer

– Self employment rewards and risks

– Organisation structures – for small/medium/large firms

– Procedures for employing staff

– CV/Interviews

– Methods of payments

– Payslips/Wages Book

Industrial Relations

– Role of Trade Unions

– Types of Trade Unions

– Role of Shop Steward

– Reasons for industrial action

– Types of industrial action

– Solving industrial disputes – procedure/conciliation/arbitration/Labour Court

– Industrial Relations legislation

Assessing the performance of a business

– Who would be interested in this information?

– Users of financial information

– Assessing performance

– Profitability

– Liquidity

– Overtrading

– Solvency

– Limits of ratios/statistics when assessing a business

– Link to writing reports

Club Accounts

– Cash v Profit

– Cashbook v Profit & Loss A/c

– Business v Club

– Club Officers + their roles

– Analysed Cashbook

– Receipts & Payments

– Income & Expenditure

– Adjustments to I&E

– Balance Sheet of a Club

– Treasurer’s Report

Service A/cs

– Trading Business v Service Business

– Why do service firms keep accounts?

– Similarities/differences between business/club a/cs and service a/cs

– Analysed Cashbook for service firm

– Operating Statement

– Balance Sheet

Farm A/cs

– Why do farmers keep accounts?

– Farming terms

– Analysed R+P

– Operating Statement

– Balance Sheet