Archive for the 'Business Studies' Category



The Balance Sheet

Here is a short presentation about the Balance Sheet of a business or club.

You should also listen to the following podcast about a UK company (manufacturer of rowing equipment) preparing their Balance Sheet at the end of their financial year.

Test your knowledge of the Final Accounts…

Take a look at Manchester United’s Balance Sheet from 2004. The Balance Sheet is a PDF file.

You can also see all the websites we use in class here…

Business Documents


Now that you have covered all of the section on Business Documents, you should test your knowledge.

Here’s a short online quiz.

You can also do a quick revision of Business Documents and take a quiz on skoool.ie – scroll down to the bottom of the page. There are two parts to the Business Documents question.

Summer Exams

Your summer exam for Business Studies will be timetabled this year.
So, your exam will be during the last school week of the year.
Please check the school noticeboard and www.geralds.ie for the Summer Exam timetable.

Green Dragon Photos

Photos from the Regional Heats of this year’s Green Dragon Innovation Challenge.

Envirobriq Team

Karl Benson

Team Revival

Best of luck to the Envirobriq team in the National Final in Dublin on March 26th.

Green Dragon – Regional Heats

Seven students in Second Year Business Studies entered this year’s Green Dragon Innovation Challenge.

This is an enterprise competition run by Agri Aware and sponsored by An Bord Bia and AIB to encourage students to come up with innovative products in the agricultural, environmental or food sectors.

Two teams and one individual entered this year’s challenge.

The Revival team (John Armstrong, Daniel Foy and Michael Loftus) completed a project on the growing of sugar beet in Ireland and developing an Irish sugar product for consumers. The Envirobriq team (James Gallagher, Ronan Roache and Conor Quinn) developed a briquette produced from waste paper and Karl Benson’s project involved a developing a website on health, fitness and nutrition for young people – 4 Youth Health.

The students worked very hard on their projects and made a presentation to a panel of three judges in the Connaught/Ulster Regional Heats in Sligo on March 2nd. The judges were very impressed with their innovative ideas and the standard of their presentations.

The Envirobriq team are now through to the National Final to be held in Croke Park on Saturday March 26th.

Team Revival and Karl are going to continue working on their products.

Well done to all. Photos from the Regional Heats will be uploaded once they are available.

What makes a good business presentation?

Our entries for this year’s Green Dragon Challenge are now preparing for their “pitch” or presentation in Sligo on March 2nd.

So, what makes a good business pitch? The following video shows why Steve Jobs of Apple is one of the best at doing a presentation.

Are these two brothers Ireland’s youngest entrepreneurs?

Here is an example of how your hobby could make you some money and could turn into a full-time business.

Read the full report on this enterprise from thejournal.ie

Green Dragon

Second Year Business Studies are now working on their Marketing Plans for the Green Dragon Innovation Challenge.

This year we have three entries in the competition – two teams and one individual entry. Information about each entry will be posted on the blog next week.

So, what is Marketing and why is it important in business?

Business Library

Some new additions to our Business Library this term:

  • The Intelligent Investor by Benjamin Graham – this is one of the most influential books on investing in shares.
  • The Undercover Economist by Tim Harford – worth reading if you are interested in Economics and how economics is all around us in our daily lives.
  • A Mobile Fortune - The Life & Times of Denis O’Brien – an excellent book on how Denis O’Brien started Esat Digifone and is now expanding his empire in developing countries.

You can borrow these books and other magazines, books and DVD’s in the Business Library by calling into EXT2 or by completing the online booking form here.

 

Manchester United – the next Liverpool?

Manchester United today announced its results for the last financial year.

While we all read about the high level of debt in the club, it’s not all bad news:

  • It made an Operating Profit of £1oom – the first English club to do so.
  • Turnover increased to £286m per annum. Manchester City’s turnover is £125m.
  • The club has £165m in cash.

However, all is not as it seems:

  • Wages increased by 7% to £132m per annum.
  • The level of debt has actually increased since last year.
  • The club made an overall loss of  £83.6m. This is the amount of money the club lost after paying the interest on its debt. The club must pay at least £40m every year in interest to its lenders.
  • The club owes over £769m in total.

So, do you think Manchester United could end up like Liverpool?

Do you think it will have to sell more players in order to help its financial position?

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