3.5.1 Interpretation of financial statements - Theme 3 Edexcel A Level Business
This bundle of lessons can be spread over 2-3 lessons and learners are introduced to the two financial statements. We start by breaking down an example of a Pizza shop's revenues, costs and profit to show how the income statement is built step by step, students consolidate with an activity of creating an income statement for Ian Beale's fish and chip shop. Answers provided
to self assess.
We then go on to the statement of financial position or balance sheet, before looking at some financial information and carrying out calculations (which students would've learned in year 12 theme 2 such as current ratio), answers provided to self assess, next, using these answers students complete a 12 mark written question - the type that appears in paper 3, so it's a good idea to make sure students are familiar with this. Structure guidance and concise model answer provided to develop exam technique, a kahoot quiz and box plenary to finish with.
Colourful, concise and engaging slides!