SAMPLE - OCR
SAMPLE - OCR
SAMPLE - OCR
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Section A<br />
Adventura Ltd was formed two years ago when a group of three friends decided to turn a hobby<br />
into a business. Offering a range of outdoor adventure pursuits to schools, group parties,<br />
families and individuals the owners are kept busy teaching mountaineering, canoeing, abseiling,<br />
potholing etc. Over the two years the business has grown and the owners are all fully involved<br />
with the practical aspects of the outdoor pursuits, leaving little time for the management of the<br />
business. As a result they have recently appointed Sabrina Khan as Book-keeper and Matt Tripp<br />
as Credit Controller to oversee the financial side of the business. Whilst Matt is kept busy<br />
chasing late payments from customers, Sabrina is setting up a financial accounting system to<br />
replace the stack of cardboard boxes full of receipts and invoices that have built up over the last<br />
two years.<br />
Although she is very busy with her task, Sabrina is pondering over a discussion she had<br />
yesterday with one of the owners. Adventura Ltd has been approached by Westwood Green<br />
plc, a large corporation that operates across the United Kingdom. Westwood Green is looking<br />
for an organisation such as Adventura Ltd to develop residential team-building and management<br />
training courses and run them for its entire workforce over a 12 month period. This would<br />
require substantial capital input as the current premises are not large enough to cater for<br />
residential activity. Westwood Green Plc has indicated a willingness to invest in the business if<br />
Adventura Ltd can provide evidence of its financial health.<br />
1. Other than book-keeper and credit controller identify two other business finance and<br />
accounting roles.<br />
1: …...................................................................................................................................<br />
2: ................................................................................................................................... [2]<br />
2. Describe each of the following purposes of the accounting system that Sabrina has set<br />
up at Adventura Ltd:<br />
o informing business judgements and decisions:<br />
............................................................................................................................................<br />
............................................................................................................................................<br />
............................................................................................................................................<br />
............................................................................................................................................<br />
............................................................................................................................................<br />
............................................................................................................................................<br />
<strong>OCR</strong> Level 3 Principal Learning in Business, Administration and Finance, Unit F283 Finance and accounting in business (sample)
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