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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Presentation transcript:

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?

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

Starter List as many options of finance as possible 3 minutes...

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?

Obtaining Finance SHORT TERM LONG TERM In pairs 5 minutes ALL MAKE NOTES

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

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)

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