BOH4M – Unit 3 – Lesson 7: Finance

Overview

Duration

100 minutes

Lesson Objective

  • To learn about how to manage finance in a business.

Lesson Outcomes

  • Define key finance terms.
  • Explain how to calculate different types of cost.
  • Explain how to calculate whether a business is breaking even.

The Lesson

Sequence

  1. Starter: Finance Word Search!
  2. Introduction | Teacher led note taking and discussion
  3. Part 1 | Fixed Costs | Teacher led note taking and discussion
  4. Task 1 | Fixed Costs | Work booklet
  5. Part 2 | Variable Costs | Teacher led note taking and discussion
  6. Task 2 | Variable Costs | Work booklet
  7. Task 3 | Variable vs. Fixed? | Work booklet
  8. Part 4 | Total Costs | Teacher led note taking and discussion
  9. Task 4 |Total Costs | Work booklet
  10. Part 5 | Direct and Indirect Costs | Teacher led note taking and discussion
  11. Task 5 | Direct and Indirect Costs | Work booklet
  12. Part 6 | Total Revenue | Teacher led note taking and discussion
  13. Task 6 | Total Revenue | Work booklet
  14. Part 7 | Contribution | Teacher led note taking and discussion
  15. Task 7 | Contribution | Work booklet
  16. Part 8 | Breakeven | Teacher led note taking and discussion
  17. Task 8 | Breakeven | Work booklet
  18. Review: Key Term Dominoes

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