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TIMING
RESOURCES
10
mins.
N/A.
EXPECTED STUDENT
REACTIONS OR
RESPONSES
Listening attentively to
teacher.
TEACHER RESPONSES
GOALS & METHODS OF
TO STUDENTS
EVALUATION
(including consideration
(including specific informal
of the need to adapt,
and/or formal assessment links
reteach or extend)
to AusVELS)
N/A.
N/A.
20
mins.
Whiteboard.
Whiteboard
marker.
Key Concepts
in Business
Management
Units 1 & 2
p.101
(Students to
provide).
20
mins.
Whiteboard.
Whiteboard
marker.
20 x Myer
Holdings Ltd:
Lesson Development:
Profit and Loss Statement:
- Reflection on KPIs:
profitability.
- Profit and Loss Statement
a document primarily
used to help a business
calculate how much net
profit it has made over a
period of time.
- Net profit = Total revenue
Total expenses.
- Revenue the money
coming into the business
from the sales of goods
and services.
- Expenses the costs
incurred in providing
goods and services for
sale.
- Example (p.101 TB).
- Purposes:
o Is revenue high
enough to cover
expenses?
o Is profit mark-up on
purchases sufficient?
o Is the business
making an adequate
profit?
o Are the expenses in
proportion to the
revenue earned?
- Model answers on
whiteboard with a mind-map.
Myer Profit and Loss Statement:
- Go through worksheet as a
class.
- Model instructions on the
whiteboard.
N/A.
Summative:
Students will correct their
work, indicating levels of
understanding.
Profit and
Loss
Statement
worksheet.
15
mins.
Whiteboard.
Whiteboard
marker.
Balance Sheet:
- Class Discussion.
- Balance Sheet a
document that provides a
snapshot of what a
business owns (assets)
and owes (liabilities), and
the owners equity on a
given date.
- Owners equity money
given to the business by
the owner.
- Purpose:
o Identify equity and
debt levels.
o Evaluate a business
overall financial
position.
Participate in class
discussion.
Participate in class
discussion.
Define the appropriate
terms.
Respond to teachers
prompts accordingly.
Facilitate class
discussion.
Prompt students where
possible.
Classroom
management.
N/A.
o
o
25
mins.
YouTube
Balance
Sheet Basics.
Projector.
20 x Balance
Sheet Basics:
YouTube
worksheets.
Key Concepts
in Business
Management
Units 1 & 2
p.103
(Students to
provide).
10
mins.
N/A.
Enables financial
decisions to be
made.
Indicates whether the
owners are making a
good return on their
investment.
Complete worksheet
whilst watching video.
Watch YouTube silently.
Provide responses as
directed by teacher.
Respond to teachers
prompts accordingly.
Summarise lesson.
Pack up accordingly.
Make comments
throughout YouTube
where necessary.
Model answers clearly on
whiteboard.
Classroom
management.
Summative:
Students will correct their
work, indicating levels of
understanding.
Facilitate Pack up
procedure.
N/A.