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Published byCora Halliwill Modified over 3 years ago
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This lesson will be looking... Finance in more depth What is profit and loss? What program would we use to create one? Why would we use one?
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NO IDEA I NEED HELP NEVER HEARD OF IT OK I CAN DO THIS WITH SUPPORT SOME GUIDANCE NEEDED NEARLY AT MY TARGET GOT IT! VERY CONFIDENT WILL HIT MY TARGET GRADE EXCEED TARGET Success Criteria < C Define and describe the financial options open to a business and classify these into short term and long term C > Explain why these are applicable within a given scenario B > Analyse how these can be used in a business context A >QOWC and SPAG LEARNING OBJECTIVES Investigate FINANCE in more depth
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Starter List as many options of finance as possible 3 minutes...
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Finance Options Loans Savings Trade credit Mortgage Friends and family Over draft Government grant Can we classify these? Which are long term, which are short term?
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Obtaining Finance SHORT TERM LONG TERM In pairs 5 minutes ALL MAKE NOTES
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Suitability What length of time? What method of finance? Short term cash flow problems Buying a property or warehouse Getting hold of stock before a job Money to expand a factory Wanting to launch a brand new unique idea
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Over to you Page 87 READ CASE STUDY (Perth Holdings Ltd) Answer questions 1 -3 Test your self – multiple choice – page 87 Practice exam questions 88/89 END OF TOPIC TEST MONDAY 17 th (Make any additional notes as necessary)
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Business Objectives (financial and non financial) Entrepreneurs (qualities) Cash Flow Forecast Profit/ Loss, Costs e.g. Fixed, variable, running...., Sales Revenue Sources of Finance Business Plans Theory and formulas Revision – End of topic test (1.3) DATE: Monday 17 th December
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