Income statements and Statement of Financial Position Lesson Plan 'MS word doc.' IGCSE Bus Studies

Lesson Plan
Topic: Income statements and Statement of Financial Position Lesson Plan - ‘MS word doc.’ IGCSE Business Studies.
Lesson Objective: are shared with the students for awareness and expectation of lesson outcome.
At the end of the lesson, the students will be able to;
describe what profit is and why it is important: •• How a profit is made
•• Importance of profit to private sector businesses, e.g. reward for risk-taking/enterprise, source of finance. •• Difference between Profit and cash
Income statements: •• Main features of an income statement, e.g. revenue, cost of sales, gross profit, profit and retained profit. •• Use simple income statements in decision making based on profit calculations (constructing income statements will not be assessed)
The main elements of a statement of financial position: • main classifications of assets and liabilities, using examples. Interpret a simple statement of financial position and make deductions from it, e.g. how a business is financing its activities and what assets it owns, sale of inventories to raise finance.

NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by adjusting up the objectives, Plenary and lesson starter etc.