Income Statements - Accounts and Finance- A Level / IB Business Studies - Full lesson

This lesson is one of a series (scheme of work) to teach Income Statements.

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This lesson has been designed for A Level, IB Diploma, and AP Business Studies.
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This lesson has the following Learning Objectives:

• Know the format of an Income Statement
  • Trading Account
  • Profit and Loss Section
  • Appropriation Account
• Understand the key terms (and how to calculate them)
  • Gross Profit / Operating Profit / Retained Profit
  • Cost of Sales / Overhead Costs
  • Dividends

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Resources to run the lesson(s) are included in this download:

• Full Lesson Presentation with Full Animated Explanation for each part of the income statement
• Student Step by Step task scenario for students to create an income statement (and perform all the calculations)
• Printable Sort Task to check student understanding

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All necessary resources to run the lessons are included in this download and all resources are for a double lesson (or two single lessons) i.e. there should be enough to content to cover around 1 hour and fifty minutes.

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The aim of all my resources is to provide lessons / activities of good quality that will add value to your lessons / schemes of work.
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All activities and resources have been used in classes and any errors will be fixed and resources updated as soon as I am aware them. I have priced my resources at what I consider to be a reasonable cost based upon the amount of effort and work I have put into them but all comments and suggestions are very welcome and will be used to improve future resources.
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See our other resources for Business Studies, Computer Science and ICT here