KS4 Curriculum Booklet 2017 - 18

Curriculum Overview KS3

Subject: Business Studies Overview effective from[date ]: September 2017

3.6.4 Analysing the financial performance of a business

Additional guidance

Suggested timing (hours)

Learning activities and resources

Specification content

Learning objectives

Purpose of financial statements

To understand the importance of financial statements for assessing business performance and helping make business decisions. To identify the main components of the income statement.

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Starter – students test their partner with three financial key terms and one calculation. Reference – Tutor2u webpage on financial accounts BBC Bitesize video on financial records In pairs students consider the reasons why businesses keep financial statements. Reference – BBC Bitesize webpage on financial records Teacher led explanation on the main components of the income statement. Students draw out an income statement and highlight key calculations. Students complete a mix and match activity on the main costs included – which costs are expenses and which are direct costs? Complete Sam Wich: Profit or loss Students to complete practice questions assessing gross profit and net profit calculations. Reference – BBC Bitesize webpage on balance sheets Teacher explanation of the components of the statement of financial position. Students write a definition of the statement of financial position. In pairs students discuss what it means to be a snapshot in time. Students write definitions of assets and liabilities and brainstorm examples of each.

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Components of financial statements

To identify the main components of the statement of financial position. To understand that the statement of financial position is

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