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

GlobalGeek Resources