Balance Sheets (Statement of Financial Position)

The topic of balance sheets is one that many students (as well as teachers!) find challenging to grasp… This colourful, informative and engaging lesson has been created with this in mind by breaking down the topic down and guiding students step-by-step, using a range of clear explanations, fun activities and demonstrations. Colour, appealing fonts and images have been used throughout.

Included in this presentation:

A colourful and informative title slide, outlining key concepts, skills and learning objectives.

Three starter activities (for the purpose of differentiation) that reviews what the income statement is, how different values are calculated as well as profitability ratios. Each activity has differing levels of difficulty, so you may do as many or as little as you choose. Detailed answers to each activity are provided.

An embedded link to a Kahoot Quiz I have created is imbedded on one slide, and introduces students to concepts of assets, liabilities and equity. The Kahoot has 10 questions where students have to answer mind-blowing facts about Apple, such as how many patents its owns and the amount of cash they have in the bank. Each question contains an image / gif to engage students.

Detailed, broken down and contextualised explanations of types of assets and liabilities

An activity where students need to identify types of assets (answers provided)

An activity where students need to categories assets, liabilities and equity

Step by step instructions (using engaging colours) to explain how the balance sheet is calculated

An easy to understand explanation as to why the balance sheet has its name, and assets / equity and liabilities are always equal

Explanation of why balance sheets are produced and what many of its uses are
A challenging activity where students need to calculate values in a balance sheet.

I have found this resource great in helping students understand the topic and is a great introduction to future topics, such as liquidity ratios.

This lesson took me 3 x 45 lessons to complete as I used all three starter activities with my students.

File size is just over 400MB