Business Studies — Finance and Accounts

Exam board: OCR  |  Back to subjects

Board-Specific Note

OCR specification; note any options relevant to your centre.

Learning Objectives

• Interpret financial statements
• Calculate profitability
• Manage cash flow

Key Points

• Profit = revenue − costs
• Break-even point
• Liquidity and cash flow

Lesson Plan (50 minutes)

1. Starter (5 min): Recall prior knowledge of finance and accounts with quick questions.
2. Teaching (15 min): Work through each of the learning objectives, explaining principles step by step.
3. Key points review (5 min): Revisit the key points together, confirming understanding.
4. Worked example (10 min): Model the example question: Profit if revenue £10k, costs £6k?. Solution: £4k
5. Practice (10 min): Students attempt the practice questions independently; circulate and support.
6. Plenary (5 min): Review answers and address misconceptions.

Homework

• Calculate gross profit
• Work out the break-even quantity
• Explain the importance of cash flow

Assessment

Check practice answers against the model answer; use the built-in practice questions as formative assessment.