Income Statement Package

This bundle package on Income Statements is guaranteed to engage your students as they not only understand the features of an income statement but become proficient in analysing an income statement. The series of questions and case studies entrench learning. A quiz at the end reinforces the understanding of concepts.
Lesson Objectives;
At the completion of this lesson, all students, should be able to:
• Determine the difference between profit and cash flow.
• Understand how a profit is made and the different types of profit.
• Understand the importance of profit to private sector businesses, e.g. reward for risk taking/enterprise, source of finance.
• Understand the importance of profit to governments
• Understand the main features of an income statement, e.g. revenue, cost of sales, gross profit, net profit, net profit after tax and retained profit.
• Interpret simple income statements for decision making purposes.
• Compile their own income statements based on data.

Resources available are a series of PPT slides and to affirm learning supplementary worksheets and a quiz.