2.2.4 Budgets - Theme 2 Edexcel A Level Business
This lesson introduces learners to budgeting, we start by looking at the purpose and types of budgets before moving onto variance analysis. An example calculation is demonstrated before students attempt a 4 mark exam style calculation question - answer is provided as well as an extra student answer for the class to identify where marks are given.
We then look at a fictional case study on Meerkat who has decided to leave 'compare the market'. A 12 mark exam style question on the usefulness of variance analysis with structure guidance and concise model answer is provided. Students peer assess using the marking grid criteria before finishing off with a box plenary.
Colourful, concise and engaging slides!