Contents

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Business Studies Advertisement — Accounting Speed Revision – 2022

Hello dear students,

Advanced Level Business Studies is one of the main subjects that you have to study for your A/L in Commerce Stream. The uniqueness of this subject is that you can read and understand most of the subject matter here on your own. In other words, if you have a super note, you will be able to get an A pass in this subject even without going to a class.

So, at ClassWork.LK, we are ready to help you. Through our website, you can download for free, a series of notes prepared according to the new syllabus which includes all the lessons relevant to the subject of Advanced Level Business Studies. All the notes related to the following lessons have been included in our website.

Business Foundation & Its Environment

In this lesson, we have first presented notes on business concept, their evolution, trends, and classification based on various criteria.

Then, we talk about the business input-output process, the interested parties, and the business environment.

In addition, the internal environmental forces of the business and its impact, the immediate environmental forces and its impact, the macro-environmental forces, and their impact are also presented.

Business Studies/ Grade-12/ Lesson-01/ Business Foundation & Its Environment/ Part-01

Business Studies/ Grade-12/ Lesson-01/ Business Foundation & Its Environment/ Part-02

Business Studies/ Grade-12/ Lesson-01/ Business Foundation & Its Environment/ Part-03

Business Studies/ Grade-12/ Lesson-01/ Business Foundation & Its Environment/ Part-04

Business Studies/ Grade-12/ Lesson-01/ Business Foundation & Its Environment/ Part-05

Business Studies/ Grade-12/ Lesson-01/ Business Foundation & Its Environment/ Part-06

Business Studies/ Grade-12/ Lesson-01/ Business Foundation & Its Environment/ Part-07

Business Studies/ Grade-12/ Lesson-01/ Business Foundation & Its Environment/ Part-08

Business Studies/ Grade-12/ Lesson-01/ Business Foundation & Its Environment/ Part-09

Social Responsibility & Ethics

It includes the importance of businesses in fulfilling their social responsibilities, how businesses contribute to sustainable development by acting in an environmentally friendly manner, and the need for a code of ethics for businesses.

Business Studies / Grade-12 / Lesson-02 / Social Responsibilities & Ethics / Part-01

Business Studies / Grade-12 / Lesson-02 / Social Responsibilities & Ethics / Part-02

Business Studies / Grade-12 / Lesson-02 / Social Responsibilities & Ethics / Part-03

Government & Business

This lesson explains how the government intervenes in the business, how the business contributes to the economic goals of the government, and the importance of running the business in line with the government’s fiscal policies.

Then, it explains in detail the importance of running a business in line with government monetary policy, the need to run a business in line with government initiatives for consumer protection, and the role of government agencies in implementing consumer protection.

Business Studies / Grade-12 / Lesson-03 / Government & Business / Part-01

Business Studies / Grade-12 / Lesson-03 / Government & Business / Part-02

Business Studies / Grade-12 / Lesson-03 / Government & Business / Part-03

Business Studies / Grade-12 / Lesson-03 / Government & Business / Part-04

Business Studies / Grade-12 / Lesson-03 / Government & Business / Part-05

Business Studies / Grade-12 / Lesson-03 / Government & Business / Part-06

Business Organizations

Under this, we introduce the concept of an organization, how to classify business organizations according to ownership, examine the advantages and disadvantages of sole proprietorships and joint ventures.

This is followed by the different types of corporations, unique characteristics, their advantages, and disadvantages. Finally, a review of the characteristics of the public sector business organizations and the importance of those businesses have been presented.

Business Studies / Grade-12 / Lesson-04 / Business Organizations / Part-01

Business Studies / Grade-12 / Lesson-04 / Business Organizations / Part-02

Business Studies / Grade-12 / Lesson-04 / Business Organizations / Part-03

Business Studies / Grade-12 / Lesson-04 / Business Organizations / Part-04

Business Studies / Grade-12 / Lesson-04 / Business Organizations / Part-05

Business Studies / Grade-12 / Lesson-04 / Business Organizations / Part-06

Business Studies / Grade-12 / Lesson-04 / Business Organizations / Part-07

Entrepreneurship

Under this heading, a good analysis of the importance of entrepreneurship, its benefits, and the entrepreneurial process has been done. It also explains how to become an entrepreneur by developing entrepreneurial traits and skills.

Business Studies / Grade-12 / Lesson-05 / Entrepreneurship / Part-01

Business Studies / Grade-12 / Lesson-05 / Entrepreneurship / Part-02

Business Studies / Grade-12 / Lesson-05 / Entrepreneurship / Part-03

Small & Medium Scale Businesses

Under this, we have discussed the characteristics of small and medium scale enterprises, the importance of those enterprises as well as the incentives to make those ventures successful.

Business Studies / Grade-12 / Lesson-06 / Small & Medium Scale Businesses / Part-01

Business Studies / Grade-12 / Lesson-06 / Small & Medium Scale Businesses / Part-02

Money & Financial Instructions

In this lesson, we talk about the importance of using money to facilitate transactions and the financial institutional system that supports business growth in Sri Lanka.

It then explains the role of the Central Bank of Sri Lanka, the impact on the dynamics and growth of the various deposit and lending businesses operated by commercial banks.

It then goes on to describe the impact of commercial banking services on business operations, how to facilitate transactions using cheques and electronic money.

Business Studies / Grade-12 / Lesson-07 / Money & Financial Institutions / Part-01

Business Studies / Grade-12 / Lesson-07 / Money & Financial Institutions / Part-02

Business Studies / Grade-12 / Lesson-07 / Money & Financial Institutions / Part-03

Business Studies / Grade-12 / Lesson-07 / Money & Financial Institutions / Part-04

Business Studies / Grade-12 / Lesson-07 / Money & Financial Institutions / Part-05

Business Studies / Grade-12 / Lesson-07 / Money & Financial Institutions / Part-06

Business Studies / Grade-12 / Lesson-07 / Money & Financial Institutions / Part-07

Insurance

In this lesson, we will explain in detail the importance of insurance coverage for business survival, insurance principles that contribute to practical use, and the different types of insurance policies that cover business risks.

Business Studies / Grade-12 / Lesson-08 / insurance / Part-01

Business Studies / Grade-12 / Lesson-08 / insurance / Part-02

Business Studies / Grade-12 / Lesson-08 / insurance / Part-03

Communication

Here, we have explained communication, its importance, process, elements, and properties.

It also discusses how to communicate effectively by asking about different communication methods. Also, it includes communication media, methods, electronic and non-electronic communication, internal and external communication, and barriers to effective communication.

Business Studies / Grade-12 / Lesson-09 / Communication / Part-01

Business Studies / Grade-12 / Lesson-09 / Communication / Part-02

Transportation, Warehousing & Logistics

This lesson discusses how transportation effectively contributes to business success, and how to choose the right mode of transport and medium for the occasion.

It also explains how warehousing can effectively contribute to business success and transportation and delivery services.

Business Studies / Grade-12 / Lesson-10 / Transportation, Warehousing & Logistics / Part-01

Business Studies / Grade-12 / Lesson-10 / Transportation, Warehousing & Logistics / Part-02

Business Studies / Grade-12 / Lesson-10 / Transportation, Warehousing & Logistics / Part-03

Business Studies / Grade-12 / Lesson-10 / Transportation, Warehousing & Logistics / Part-04

Trade

This lesson explores the types of trade, retail, and wholesale.

Then, it discusses foreign trade and its associated benefits and barriers, and also how to prepare for foreign trade by inquiring into import and export procedures.

It then explains how international trade associations, agreements, and their activities contribute to the growth of foreign trade and how e-commerce contributes to the growth of trade.

Business Studies / Grade-12 / Lesson-11 / Trade / Part-01

Business Studies / Grade-12 / Lesson-11 / Trade / Part-02

Business Studies / Grade-12 / Lesson-11 / Trade / Part-03

Business Studies / Grade-12 / Lesson-11 / Trade / Part-04

Business Studies / Grade-12 / Lesson-11 / Trade / Part-05

Business Studies / Grade-12 / Lesson-11 / Trade / Part-06

Business Studies / Grade-12 / Lesson-11 / Trade / Part-07

Management

Business Studies / Grade-13 / Lesson-12 / Management / Part-01

Business Studies / Grade-13 / Lesson-12 / Management / Part-02

Business Studies / Grade-13 / Lesson-12 / Management / Part-03

Business Studies / Grade-13 / Lesson-12 / Management / Part-04

Business Studies / Grade-13 / Lesson-12 / Management / Part-05

Business Studies / Grade-13 / Lesson-12 / Management / Part-06

Business Studies / Grade-13 / Lesson-12 / Management / Part-07

Business Studies / Grade-13 / Lesson-12 / Management / Part-08

Operational Management

Business Studies / Grade-13 / Lesson-13 / Operational Management / Part-01

Business Studies / Grade-13 / Lesson-13 / Operational Management / Part-02

Business Studies / Grade-13 / Lesson-13 / Operational Management / Part-03

Business Studies / Grade-13 / Lesson-13 / Operational Management / Part-04

Business Studies / Grade-13 / Lesson-13 / Operational Management / Part-05

Business Studies / Grade-13 / Lesson-13 / Operational Management / Part-06

Business Studies / Grade-13 / Lesson-13 / Operational Management / Part-07

Business Studies / Grade-13 / Lesson-13 / Operational Management / Part-08

Business Studies / Grade-13 / Lesson-13 / Operational Management / Part-09

Marketing Management

Business Studies / Grade-13 / Lesson-14 / Marketing Management / Part-01

Business Studies / Grade-13 / Lesson-14 / Marketing Management / Part-02

Business Studies / Grade-13 / Lesson-14 / Marketing Management / Part-03

Business Studies / Grade-13 / Lesson-14 / Marketing Management / Part-04

Business Studies / Grade-13 / Lesson-14 / Marketing Management / Part-05

Business Studies / Grade-13 / Lesson-14 / Marketing Management / Part-06

Business Studies / Grade-13 / Lesson-14 / Marketing Management / Part-07

Business Studies / Grade-13 / Lesson-14 / Marketing Management / Part-08

Business Studies / Grade-13 / Lesson-14 / Marketing Management / Part-09

Business Studies / Grade-13 / Lesson-14 / Marketing Management / Part-10

Financial Management

Business Studies / Grade-13 / Lesson-15 / Financial Management / Part-01

Business Studies / Grade-13 / Lesson-15 / Financial Management / Part-02

Business Studies / Grade-13 / Lesson-15 / Financial Management / Part-03

Business Studies / Grade-13 / Lesson-15 / Financial Management / Part-04

Business Studies / Grade-13 / Lesson-15 / Financial Management / Part-05

Business Studies / Grade-13 / Lesson-15 / Financial Management / Part-06

Business Studies / Grade-13 / Lesson-15 / Financial Management / Part-07

Business Studies / Grade-13 / Lesson-15 / Financial Management / Part-08

Business Studies / Grade-13 / Lesson-15 / Financial Management / Part-09

Human Resource Management

Business Studies / Grade-13 / Lesson-16 /Human Resource Management / Part-01

Business Studies / Grade-13 / Lesson-16 /Human Resource Management / Part-02

Business Studies / Grade-13 / Lesson-16 /Human Resource Management / Part-03

Business Studies / Grade-13 / Lesson-16 /Human Resource Management / Part-04

Business Studies / Grade-13 / Lesson-16 /Human Resource Management / Part-05

Business Studies / Grade-13 / Lesson-16 /Human Resource Management / Part-06

Business Studies / Grade-13 / Lesson-16 /Human Resource Management / Part-07

Business Studies / Grade-13 / Lesson-16 /Human Resource Management / Part-08

Business Studies / Grade-13 / Lesson-16 /Human Resource Management / Part-09

Business Studies / Grade-13 / Lesson-16 /Human Resource Management / Part-10

Business Studies / Grade-13 / Lesson-16 /Human Resource Management / Part-11

Business Studies / Grade-13 / Lesson-16 /Human Resource Management / Part-12

Information System

Business Studies / Grade-13 / Lesson-17 / Information System / Part-01

Business Studies / Grade-13 / Lesson-17 / Information System / Part-02

Business Studies / Grade-13 / Lesson-17 / Information System / Part-03

Business Studies / Grade-13 / Lesson-17 / Information System / Part-04

Business Studies / Grade-13 / Lesson-17 / Information System / Part-05

Business Studies / Grade-13 / Lesson-17 / Information System / Part-06

Business Studies / Grade-13 / Lesson-17 / Information System / Part-07

Business Plan

Business Studies / Grade-13 / Lesson-18 / Business Plan / Part-01

Business Studies / Grade-13 / Lesson-18 / Business Plan / Part-02

Business Studies / Grade-13 / Lesson-18 / Business Plan / Part-03

Business Studies / Grade-13 / Lesson-18 / Business Plan / Part-04

Business Studies / Grade-13 / Lesson-18 / Business Plan / Part-05

Business Studies / Grade-13 / Lesson-18 / Business Plan / Part-06

Business Studies / Grade-13 / Lesson-18 / Business Plan / Part-07

So, we, ClassWork.LK wishes you the strength, courage, and luck out of this wonderful opportunity we have presented to you and to study the entire subject very well to achieve a very high result.