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Curriculum Overview KS3
Subject:
Business Studies
Overview effective from[date
]:
September 2017
3.6.4 Analysing the financial performance of a business
Specification
content
Learning
objectives
Additional guidance
Suggested
timing
(hours)
Learning activities and resources
Purpose of
financial
statements
To understand the
importance of
financial
statements for
assessing business
performance and
helping make
business decisions.
1
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.
Components of
financial
statements
To identify the
main components
of the income
statement.
2
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.
To identify the
main components
of the statement of
financial position.
To understand that
the statement of
financial position is
2
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.